The Real Deal New York

Daniel Tishman branching out with RE tech startup

Tishman Construction Corporation boss also runs California-based Ecorithm

November 03, 2015 08:11AM

Daniel Tishman

Daniel Tishman

As a scion of one of New York’s most storied real estate families, Daniel Tishman has had the opportunity to try his hand at many aspects of the business. Now, he’s following the industry into its newest frontier: the world of technology startups.

Tishman, CEO of Tishman Construction Corporation with various other positions at Tishman-family companies, recently joined Ecorithm, a startup he backed, as its new chairman.

California-based Ecorithm makes software that helps landlords optimize heating, electricity, ventilation and other building systems.

Tishman had been one of the company’s main backers, but decided to take a seat on the board after a “management shakeup” earlier this year.

The Tishmans aren’t the only New York family investing in tech companies. The Kushners, Milsteins and Rechlers have also thrown their weight around in the sector.

Tishman led Tishman Construction, one of the country’s largest construction companies, when it was purchased by AECOM Technology corporation, a global engineering firm, in 2010 for $245 million. [WSJ]Ariel Stulberg