What TMT Development does

TMT Development is a privately held, family-owned commercial real estate developer and property manager headquartered in downtown Portland, Oregon, founded in 1992 by Thomas P. Moyer and now led by his granddaughter, President and CEO Vanessa Sturgeon. The company owns, develops, and manages a diversified portfolio of more than 6.5 million square feet across the Pacific Northwest, including Class A office towers (Park Avenue West, Fox Tower, Studio Building), mixed-use developments (Delta Park Center, Guild Theatre), retail shopping centers (Mill Plain Plaza, Orchards Plaza), industrial parks (Airport Commerce Center, Haney Industrial Park), and residential properties (The Marilyn, Park Avenue West residential floors, The Eaton Building). Several flagship assets have achieved LEED certification — Park Avenue West at the Platinum level and Fox Tower at Gold — positioning TMT as a sustainability leader within the regional commercial real estate market.

The company's revenue is generated primarily through recurring rental income on its owned portfolio (commercial and residential leasing) supplemented by property management services for in-house and potentially third-party assets. Its customer base spans enterprise retail anchors (Lowe's, Walmart, Dick's Sporting Goods, Regal Cinemas, Kinokuniya), Class A office tenants in the Portland CBD, residential renters in upscale urban neighborhoods, and industrial users along the I-5/I-205 corridor. Distribution is conducted through the company's own website with availability links to broker partners (Capacity Commercial, Kidder Mathews, Craig Woolford Properties), supported by property management platforms such as RentCafe, Yardi, and Building Engines. Backed by deep civic ties — including CEO leadership of the Portland Business Alliance and long-standing philanthropy with New Avenues for Youth — TMT operates as a relationship-driven, community-rooted developer rather than a national scale player.

Name

TMT Development

Legal name

TMT Development

Website

https://tmtdevelopment.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

TMT Development is a family-owned Portland-based commercial real estate developer and property manager founded in 1992, owning and operating more than 6.5 million square feet of Class A office, retail, industrial, and residential properties across Oregon and Washington.

Ownership category

akta.pro rank

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Commercial and Residential Leasing: TMT Development generates revenue primarily through leasing Class A office towers, retail spaces, and residential units across their portfolio of over 6.5 million square feet of real estate in Oregon and Washington.
2. Property Management Services: Revenue is generated through property management fees for managing their own portfolio and potentially third-party properties, including tenant relations, building maintenance, and operations support.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

TMT Development develops, owns, and manages a portfolio of more than 6.5 million square feet of Class A office towers, mixed-use developments, retail shopping centers, industrial parks, and upscale residential properties across Oregon and Washington. The company leases space to commercial and residential tenants and provides full-service property management including tenant relations, building maintenance, and operations support. Properties include LEED Platinum (Park Avenue West) and LEED Gold (Fox Tower) certified assets in prime downtown Portland locations.

Product overview

TMT Development is a real estate development and property management company offering a diversified portfolio of commercial and residential properties. The portfolio includes Class A office towers (Park Avenue West, Fox Tower, Studio Building), mixed-use developments, retail shopping centers, industrial properties, and residential buildings across Oregon and Washington. The company operates as both developer and property manager, providing leasing, tenant services, and property maintenance across approximately 6.5 million square feet of real estate.

Differentiator

Problem solved

Functional benefit

Products and services

• Park Avenue West 30-story LEED Platinum certified mixed-use tower in Portland's Central Business District featuring 13 floors of Class A office space, sophisticated urban living, and retail. Home to TMT Development headquarters. Accessible by Portland Streetcar and MAX light rail with six stories of underground parking.
• Fox Tower 27-story Class A office and retail tower with 532,485 square feet of space, including Regal Fox Tower 10 cinema. Achieved LEED Gold certification in 2012 for sustainable maintenance and operations practices.
• Studio Building 9-story historic building built in 1926, originally featuring 128 rehearsal studios for musicians and actors. Ground floor features Pastini restaurant with eight floors of office space above, located steps from downtown amenities and Director Park.
• The Marilyn Upscale residential property in Hawthorne District on Portland's east side. Pet-friendly, bikeable residential living named after founder Thomas Moyer's wife Marilyn, surrounded by vintage boutiques and PDX dining destinations.
• Delta Park Center 25-acre mixed-use development in north Portland with destination shopping, food options, and major retailers including Lowe's, Dick's Sporting Goods, Fisherman's Marine and Outdoor. Home to Walmart Supercenter with Portland's largest green roof.
• Airport Commerce Center Industrial and commercial-retail property located 3 miles east of Portland International Airport with more than 78,000 square feet of space. Home improvement hub near Cascade Station.
• Orchards Plaza Shopping Center Nearly 15-acre shopping center in northeast Vancouver, Washington with Lowe's as anchor tenant. Serves growing community near I-205 with tenants including Black Rock Coffee, O'Reilly Auto Parts, Carl's Jr., and Columbia Bank.
• Haney Industrial Park Nearly 8-acre industrial property in Cornelius, Oregon (west of Portland). Home to Advanced Surfaces and Custom Equipment Repair. Originally home to Haney Truck Lines.
• Guild Theatre Historic theater built in 1927, originally a 450-seat recital hall. As of 2019, home to Kinokuniya Portland Bookstore and Book of Tea Cafe with 5,000 square feet of retail space.
• The Eaton Building 1904 historic building with nearly 24,000 square feet of multi-family residential living and small commercial space near City Target at the Galleria.
• Commercial Land – Salem Level 5.57 acre commercial land lot in Salem, Oregon next to Regal Cinemas and future CarMax dealer, minutes from Lancaster Mall.
• Commercial Land – Cornelius 30-plus acre commercial land in Cornelius, Oregon adjacent to Fred Meyer. Multifamily/townhome development possibility on 34.78 acres.
• Property Management Services Full-service property management including tenant relations, building maintenance, operations support, and dedicated building teams across TMT's portfolio and potentially third-party properties in Oregon and Washington.

Quantifiable outcome

• 6.5 million square feet of real estate portfolio
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Portland Business AlliancecoreStrategic or Co-development PartnerTMT CEO Vanessa Sturgeon serves as Chair of the Portland Business Alliance board of directors, providing executive leadership for the region's chamber of commerce. The PBA represents nearly 1,900 members spanning 27 counties, 15 states and 4 countries.
• New Avenues for YouthcoreStrategic or Co-development PartnerTMT Development and CEO Vanessa Sturgeon are deeply involved with New Avenues for Youth, an organization dedicated to preventing youth homelessness and supporting homeless and at-risk youth. Founder Thomas Moyer was a founder of the organization.
• Schoolhouse SuppliesminorStrategic or Co-development PartnerTMT Development has annual sponsorship and volunteer support for Schoolhouse Supplies, an award-winning nonprofit supporting public education in Portland by providing free classroom supplies through Oregon's first volunteer-run 'Free Store'.
• Ronald McDonald House CharitiesminorStrategic or Co-development PartnerTMT team members volunteer at Ronald McDonald House Portland East House, adjacent to Randall Children's Hospital, providing support for families of children receiving medical care.
• SOLVE OregonminorStrategic or Co-development PartnerTMT Development partners with SOLVE Oregon for environmental cleanup initiatives including Sellwood Riverfront Park cleanup, supporting the organization's mission to improve Oregon's environment.
• U.S. Green Building Council (USGBC)minorOthersTMT properties achieve LEED certification from USGBC, with Park Avenue West achieving LEED Platinum and Fox Tower achieving LEED Gold.
• GRIT Building SolutionsminorStrategic or Co-development PartnerGRIT Building Solutions is a tenant in TMT's Studio Building, specializing in sustainable prefabricated interior construction using DIRTT technology, helping reduce construction waste from typical 30% to less than 5%.
• A Home for EveryonecoreStrategic or Co-development PartnerCEO Vanessa Sturgeon serves on the executive committee of A Home for Everyone, an organization dedicated to fighting homelessness. The committee includes elected officials from Portland, Multnomah County, and Gresham, along with business leaders.

Scale indicators3 records

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• CBRE: Global CRE services leader with significant Portland and Seattle operations in property management, leasing, and capital markets; competes with TMT for property management contracts and broker relationships in the Pacific Northwest.
• JLL: Global commercial real estate services firm offering property management, leasing, and investment sales; competes with TMT in third-party property management mandates and large-tenant leasing across the Portland market.
• Cushman & Wakefield: Global commercial real estate services platform with established Portland operations; competes with TMT on property management, agency leasing, and tenant representation across Class A office and retail.

Direct peers

• Schnitzer West: PNW-focused Class A office and multifamily developer/owner with trophy Seattle-area assets; comparable long-term hold strategy, Class A office expertise, and Pacific Northwest geographic footprint overlapping with TMT's Portland operations.
• Unico Properties: Seattle-based private commercial real estate owner-operator focused on Class A office and mixed-use assets across the Pacific Northwest, with a comparable long-cycle, value-add investment approach and trophy-asset positioning that closely mirrors TMT's Class A Portland strategy.
• Vulcan Real Estate: Major Pacific Northwest real estate developer (Paul Allen's real estate arm) with large-scale Class A office, life-science, and mixed-use projects in Seattle and Portland; comparable trophy-asset development capability and PNW market concentration.
• Beam Development: Portland-based developer focused on sustainable, adaptive-reuse, and mixed-use projects with an explicit sustainability mandate; comparable Portland location, LEED-oriented development philosophy, and similar boutique-developer scale.

Regional players

• NAI Norris, Beggs & Simpson: Portland-based commercial real estate services firm focused on office, industrial, retail, and investment properties across Oregon and Southwest Washington; comparable Pacific Northwest regional footprint and overlapping asset-class exposure to TMT's portfolio.
• Kidder Mathews: Largest independent commercial real estate firm on the West Coast, headquartered in Seattle with major Portland presence; TMT already partners with Kidder Mathews as a broker channel, and they are directly comparable as Pacific Northwest CRE services competitors in leasing and property management.
• Guardian Real Estate Services: Pacific Northwest-focused property management and development firm operating across multifamily, mixed-use, and commercial assets; comparable regional operating model and overlapping tenant relationships in Oregon and Washington.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/TMTDevelopment

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TMT Development