Mitchell N. Schear ’80 was recently named recipient of the Commercial Property Executives 2010 Executive of the Year award, one of the highest honors in commercial real estate. Schear is the head of Vornado Realty Trust’s affiliate in Washington, D.C. and oversees the development of innovative high profile projects. He was selected for the award by his peers, executives within the national and global real estate market.
As president of Vornado/Charles E. Smith, Schear oversees the region’s largest office portfolio with a total of 18 million square feet. He opened the first office building in metropolitan D.C. designed to Platinum level LEED standards. LEED certification is the industry recognized standard for measuring building sustainability and Platinum is the highest attainable level in the LEED rating system, which is measured by the U.S. Green Building Council through a rigorous third-party evaluation. This new trophy property, PNC Place, is 350,000-square-foot and will be the new regional headquarters for PNC Financial Services Group Inc. This is in addition to a property at 1999 K Street, NW that Vornado/Charles E. Smith completed in 2009, which was one of the highest price per square foot sales the market has ever seen.
Some of his other accomplishments include recognition in 1985, 1986 and 1987 by the District of Columbia Association of Realtors as one of the top 10 producers of commercial real estate leases. In 2007, Schear received the Achievement Award from the District of Columbia Building Industry Association. The award recognizes leaders that have made extraordinary contributions to both the D.C. real estate industry and the D.C. community. It is one of the most prestigious honors in D.C.’s real estate community. In October of the same year, Washingtonian Magazine named Schear to the list of 150 “Movers and Shakers” in D.C. who are not politicians.
During his time at Hobart, Schear was an individual studies major and graduated with Honors. He was instrumental in founding and running the student activities center, was a member of the Hobart track team and was a Dean’s list student. He also was a Druid and received the Roger Frankel award for the “greatest contribution” to the Hobart community during his four years.