Ernst & Young Names Joseph Sitt Entrepreneur Of The Year™

NEW YORK, June 18, 2014 /PRNewswire-USNewswire/ -- New York City real estate leader Joseph Sitt was named Entrepreneur of the Year at the EY Entrepreneur Of The Year™ 2014 Awards gala last night at the Marriot Marquis in New York City. Mr. Sitt currently serves as the Co-Founder and CEO of TOWN Residential and Founder and CEO of Thor Equities. Recognized as one of the world's most prestigious business awards, the Ernst & Young award honors distinguished entrepreneurs who demonstrate widespread success, a commitment to innovation and forward thinking, and unwavering passion for business.

"I am both honored and humbled to be chosen as an award winner by Ernst and Young," said Joseph Sitt, Co-Founder and CEO of TOWN and Founder and CEO of Thor Equities. "The level of competition in real estate is at an all-time high. Being recognized as a leader in the industry is tremendously rewarding."

Exhibiting an entrepreneurial spirit from a young age, Joseph Sitt launched his first business venture, Thor Equities, while still an undergraduate at New York University. Today, Joseph Sitt heads up TOWN Residential, a tailored luxury residential brokerage service and presides over a real estate development and investment portfolio valued at over $5 billion and totaling more than 15 million square feet. Mr. Sitt also serves as the Chairman and Founder of the not-for-profit Global Gateway Alliance, created in 2012 to address the infrastructure challenges facing New York metropolitan area airports.

EY Entrepreneur of the Year award winners are selected by an independent panel of judges who are former recipients of the award, including CEOs, private capital investors, and regional business leaders.  As a New York award winner, Joseph Sitt will be automatically eligible for consideration for the Entrepreneur Of The Year 2014 national program. National award winners in several categories, and the overall Entrepreneur Of The Year National Award winner, will be announced at the annual awards gala in Palm Springs, California, on November 15, 2014.

About TOWN
TOWN is a top-ranked, fully integrated Manhattan real estate services firm created through the partnership of Founder and Owner Andrew Heiberger and Founder and CEO Joseph Sitt, specializing in luxury residential sales and leasing and the marketing, sales and leasing of new developments.  An integral part of the New York real estate landscape, TOWN has a team that exceeds 600 licensed professionals and staff  in ten neighborhood offices: TOWN Greenwich Village, at 530 LaGuardia Place; TOWN SoHo, a landmarked corner storefront at 337 West Broadway dating to 1886; TOWN 79th Street, a corner storefront at 239 East 79th Street on the Upper East Side; TOWN West Village, a trophy office at 446 West 14th Street; TOWN Astor Place, a block-front space overlooking historic Astor Place in the Gwathmey Siegel-designed Sculpture for Living at 26 Astor Place; TOWN Fifth Avenue, located in the prestigious Crown Building at 730 Fifth Avenue at 57th Street; TOWN Flatiron, located at 110 Fifth Avenue and 16th Street; TOWN Greenwich Street, nestled in heart of the Financial District at 88 Greenwich Street; and TOWN Gramercy Park and the corporate team at TOWN Residential, both located at historic 33 Irving Place. For more information about these offices and TOWN Residential, visit: www.townrealestate.com.

About Thor Equities
Thor Equities is a global leader in urban real estate development, leasing and management, pursuing premier hotel, commercial, residential, retail and mixed-use assets in high-density areas. Through its brokerage affiliates, Thor Retail Advisors, it is also a premier leasing agent for third-party property owners and exclusively represents global retailers in their search for prime urban locations in North America, Europe and Latin America. Through Town Residential, it is a leader in sales and rental marketing. Thor Equities provides the best possible High Street retail, commercial, residential, hotel and mixed-use building environments within urban centers across the United States – all while delivering attractive, risk-adjusted returns to high-net worth and institutional investors. For more information about the company, visit www.thorequities.com.

About EY Entrepreneur Of The Year™
EY Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries.

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Contact: Stefan Friedman, 212-681-1380, [email protected]

SOURCE TOWN