NAIOP Houston recognized two Cushman & Wakefield brokerage professionals with honors during its 25th Annual Broker of the Year awards ceremony last week at River Oaks Country Club. Honoring Houston’s most respected and successful commercial real estate brokers and firms, the awards recognize professionalism, community involvement, and total value of real estate transactions with an emphasis on local tenant representation lease transactions. The event provides an opportunity for the industry to come together and recognize leaders in the field.
Executive Vice Chairman Tim D. Relyea was inducted into NAIOP’s inaugural Hall of Fame class. Mr. Relyea is a nationally recognized Houston real estate veteran. His work in the industry dates to 1978, and he is acknowledged for being involved in many of the city’s most significant transactions which have made a significant impact on the iconic Houston skyline, in addition to numerous transactions in other cities across North America.
Early in his career, Mr. Relyea was involved in the largest employee relocation in Houston’s history representing the former Continental Airlines, now United Airlines, in its 803,000 square foot corporate headquarters consolidation into Houston’s CBD. He also brought Global Marine Inc. to Houston’s Energy Corridor from Los Angeles in a major corporate headquarters relocation. Additionally, he represented Boeing in its corporate relocation from Seattle to Chicago. Mr. Relyea also represented Chevron in acquiring its two 1.2 million square foot towers in downtown Houston, and he was recently acknowledged for his representation of Shell Oil Company in the largest office lease transaction in the world, totaling 1.2 million square feet in One and Two Shell Plaza.
Mr. Relyea’s success has elevated him to executive vice chairman, one of the highest ranking professionals in the Cushman & Wakefield organization. “Tim’s Hall of Fame induction is a richly deserved honor and recognition of a magnificent career,” stated longtime colleague and friend, Louis B. Cushman, a vice chairman at Cushman & Wakefield, and grandson of the Company’s founder.
Kevin M. Saxe, a director at Cushman & Wakefield, was also recognized at NAIOP’s award ceremony as Houston’s 2012 Rising Star for the office division. Mr. Saxe was nominated by his industry peers and voted on by the NAIOP board of more than 20 industry professionals who felt his achievements should be acknowledged and celebrated. He was selected from among a number of nominees across the city for his outstanding year in 2012 and career to-date.
This award follows Mr. Saxe’s selection as 2012 Rookie of the Year by the Houston Business Journal, which annually recognizes the accomplishments of the city’s leading commercial real estate brokers in its Heavy Hitters publication. As a Rookie of the Year Mr. Saxe won the vote from a special committee of property owners and developers specializing in office, retail, industrial and multifamily commercial property for his exceptional success in 2011.
Mr. Saxe joined Cushman & Wakefield in 2007 and spent a year working in C&W’s Client Services group, surveying markets and space opportunities for clients. He transitioned into brokerage and quickly escalated to Director. During the past five years he has represented tenants in more than a half a million square feet of space with a total value in excess of $78 million.
“Kevin’s competence, work ethic, integrity and his day-in and day-out contribution as a team player are greatly respected and appreciated by us all,” says Scott Wegmann, vice chairman and co-managing director of Cushman & Wakefield’s Houston office.