Veteran commercial broker John Powers has been promoted to vice chairman of Insignia/ESG. “We have always reserved the title of vice chairman for a select few individuals who make vital contributions to our organization,” says Stephen B. Siegel, chairman and CEO. “John has earned this recognition based upon his consistently outstanding performance and value to Insignia/ESG.”

Since joining the firm, Powers headed up the company’s New York Consulting Group for several years and has been involved in a number of large transactions including Standard & Poors’ 940,00-sf lease at 55 Water St. He has also worked on several deals with McGraw Hill and in 1999 played a critical role in Ernst & Young’s lease of more than one million sf at 5 Times Square. He is currently representing Boston Properties in the development of Times Square Tower, a one million-sf building.

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