After first naming a field of three finalists, the Association of Industrial Real Estate Brokers (AIRE) has named Calum Payne, a senior associate with CBRE, as the 2016 recipient of its prestigious Frank Mahoney Award. Adam Marshall of NGKF and AIRE’s president-elect presented the award to Payne at the Association’s lunch program.
According to Marshall, a former winner of the award, the Frank Mahoney Award recognizes outstanding leadership, community service and real estate brokerage success among young industrial real estate professionals—those with less than five years of experience. The award was established as an annual recognition of a young industrial real estate professional who embodies the character traits displayed by Frank Mahoney.
Calum “Cal” Payne joined CBRE in 2012, following his graduation from Miami University with a degree in Finance and after several internships in Ohio in commercial real estate. He has risen to become one of the market’s leading industrial professionals since joining CBRE in 2012. In that time period, Cal and his team have completed approximately 150 lease transactions valued at $400M in consideration and totaling over 10 million square feet.
Marshall noted that this award is not just about serving clients, or the industry. In the footsteps of Frank Mahoney, it is also about serving the community. The charity involvement of this year’s recipient includes participating in annual volunteer days—for Feed My Starving Children and this year for Rebuilding Together, a nonprofit housing organization that helps create safe and healthy home. This year the winner and his team spent the day working on and updating the interior and exterior of a senior citizen’s home.
In his nominating letter, NAI Hiffman’s Dan Leahy, a former Frank Mahoney Award winner and past AIRE President, said about our winner, “I knew right away that Cal ‘had what it takes’ to be successful in this business. His strong work ethic, honesty and demeanor make him a pleasure to work with through the transaction. I know Cal will be part of our industrial real estate community for years to come, and will grow to be a leader among the other new and young members of AIRE.”
The award recognizes the positive impact made in the industry and the community with five years or less experience. The winner is a respected and productive member of the real estate community, and truly embodies the pillars AIRE stands for, including collaboration, community and conducting business with the highest ethical standards. While the award considers transaction volume, the true spirit of the award and the credentials for winning the award, also include an overall emphasis on commitment to the clients, the industry and the community.
In 1990, the first recipient of the Frank Mahoney Award was Britt Casey, then a broker with Grubb & Ellis and now with Cushman & Wakefield. Of the previous Frank Mahoney Award winners, three currently serve on AIRE’s Board of Directors, two are past presidents and many are regularly named as finalists or winners in various annual industrial broker of the year and related awards sponsored by the National Association of Industrial and Office Parks and the Greater Chicago Food Depository CRE Awards.
Frank Mahoney began his industrial real estate career in the early 1970’s after serving as a clergyman in South America. He started his career with Van Vlissingen & Company before ultimately beginning his own firm, Frank Mahoney & Associates, in the early 1980s. Throughout his career, until his death in the late 1980s, Mahoney was an active member of the Association of Industrial Real Estate Brokers serving as a member, committee chairman, director and an officer of the organization.
