As Vice Chairman in CBRE’s Consulting Division, Timothy Dempsey manages and provides real estate advisory services to corporate and institutional clients throughout the United States. He is based in CBRE’s New York City office and has been with the firm for approximately 23 years.
Tim has been involved in the negotiation and structuring of lease, sales, new development and joint venture agreements on behalf of a variety of clients and has been actively involved in the planning phase of numerous projects and is therefore experienced in the process of helping clients gain internal consensus on real estate issues. Tim brings extensive transaction experience and an in-depth understanding of real estate financial issues to the CBRE team. With an in-depth understanding of the economic and financial statement implications, Tim has creatively structured numerous complex transactions, including many new development agreements, to accomplish a variety of goals. His ability to understand the implications on a transaction for all parties enables Tim to develop effective negotiating strategies and he has also been involved in obtaining $40 million of city, state and federal business incentives on behalf of clients.
Most recently, Tim has completed transactions in Dallas (220,000 SF), New York City (240,000-SF new lease and a 1.3 million-SF renewal and expansion lease), and Washington, D.C. (220,000-SF lease renewal). In addition, Tim has completed transactions in Atlanta, Boston, Buffalo, Chicago, Houston, Philadelphia, Phoenix, Los Angeles, San Jose, San Francisco and Stamford.
Throughout his career, Tim has also completed numerous other Manhattan transactions including a 180,000-SF transaction for HarperCollins, a 250,000-SF transaction for Kaye Scholer, a 380,000-SF transaction for Fried Frank Harris Shriver & Jacobson LLP, a 790,000-SF headquarters transaction for PricewaterhouseCoopers in Midtown Manhattan and a 100,000-SF transaction for ImClone. In addition, Tim has also completed numerous sales transactions including selling condominium interests at 125 Broad Street and 633 Third Avenue and selling The New York Times original headquarters at 229 West 43rd Street (including a short-term leaseback).
In 2001, he helped arrange a 1.6 million-SF new development in Times Square on behalf of The New York Times, which earned him the Real Estate Board of New York's "Deal of the Year".