Wednesday, October 6, 2010

NJ loses commercial real estate leader David Houston

David Houston, a 40-year veteran in the commercial real estate industry who  recently was named by NJBIZ as one of the 50 most influential people in real estate, died unexpectedly Monday, October 4, at the age of 65.

As Managing Principal of Cassidy Turley New Jersey, Inc., Mr. Houston was responsible for the sale and leasing of some of the largest industrial transactions in the area as well as some of the largest office leases.

He was recognized as an expert in both evaluation and marketing of commercial real estate by the New Jersey Tax Court, New Jersey Superior Court, County Tax Boards, Condemnation Commissioners, and other governmental bodies.

Houston carried on the family heritage for Houston & Co., founded by his grandfather in 1845. Houston & Co. joined forces with Cassidy Turley earlier this year.

A Dartmouth College graduate, who held an MBA in finance and accounting from Columbia University, Houston served as a member of the Executive Committee and the Board of Directors of the National Association of Realtors and as the National President of the Society of Office and Industrial Realtors in 2004.  In addition, he served as Vice President and National Director of SIOR, President of the New Jersey Chapter, is a former Chairman of the Society’s Education and Computer Committees, Director of New Jersey’s Association of Realtors, President of the Industrial and Office Real Estate Broker’s Association of the New York Metropolitan Area.

He also served on the Environmental Cleanup Responsibility Act Advisory Committee to the New Jersey Department of Environmental Protection and was a director of the NJ Chapter of the National Association of Industrial and Office Parks.

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