Oxford & Simpson's Paul Amoruso Wins Leadership Award

Paul Amoruso, managing director of Jericho, NY-based Oxford & Simpson Realty Inc., has been honored with the 2005 Distinguished Leader Award by the Association for a Better Long Island and the Commercial Industrial Brokers Society of Long Island.

Jericho, N.Y. (PRWEB) April 26, 2006 -- Paul Amoruso, managing director of Jericho, NY-based Oxford & Simpson Realty Inc., has been honored by Long Island’s largest commercial real estate organizations with their 2005 Distinguished Leader Award.

Amoruso, 45, was given the award by the Association for a Better Long Island and the Commercial Industrial Brokers Society of Long Island at the Annual Long Island Real Estate Dinner on April 6, 2006, at Oheka Castle in Huntington, NY.

“Paul is being honored with the Distinguished Leader Award for the enormous contributions he has made – not just as an executive but as a community leader as well,” said Carolyn Gussoff, co-anchor of WNBC-TV’s “Weekend Today in New York,” who presented the award.

“This year will mark my 25th year in the real estate industry. I worked at real estate brokerage during the day and as a night-manager at Macy’s in the evenings. I started out in the brokerage business with no capital and I worked hard in developing unique relationships with established developers,” Amoruso said in accepting the award. “These partnerships — with the Rechlers, the DeMatteises and the Related Co. — turned out to be very fruitful. These people allowed me to diversify into being an owner as well as a broker.”

He further noted: “Working through the industry’s difficult landscape sharpened my skills and made me work harder than I thought I was capable.”

Amoruso has been active in the commercial real estate and brokerage community for nearly quarter of a century and is a co-founder of CIBS. He is a licensed real estate broker in New York and Connecticut and has been involved in many notable deals, including the sale of the tract in Islandia where CA now has its headquarters and the relocation of some of Long Island’s most prominent companies, including Astoria Federal Savings, Adecco and Pall Corp. Since the early 1990s Amoruso also has been active in acquiring and developing properties, including hotels, shopping centers and office complexes across Long Island. Currently, he is building a boutique hotel in New York City’s East Village.

Amoruso is a partner in the $30 million Homewood Suites by Hilton Hotel in Plainview and the adjacent, now-under-construction Hilton Garden Inn Hotel. Previously, he was the president of the partnership that in 1994 purchased the then-Holiday Inn in Riverhead (now the Best Western East End) for $1.4 million, and then sold it for $7 million in 2004; He also was the managing partner involved in the 1994 purchase of the then-Best Western (now Radisson at McArthur Airport) in Holtsville for $5 million, which was expanded and sold five years later for $22.5 million. Amoruso also was a principal partner in Riverhead Centre, a 431,000 square-foot-shopping center that was developed from 1993 to 1997 and sold in 2003 to the AFL-CIO Building Investment Trust for $64 million.

Amoruso balances his business life by serving on the boards of such non-profit organizations such as Tomorrow’s Hope Foundation, which promotes excellence in Catholic Schools and Commerce Bank Golf Championship. He is a trustee for The Nature Conservancy, which is involved with the blending of nature and business development on Long Island, The Tilles Center for the Performing Arts, and the New York Institute of Technology.

He received his bachelor's degree in business from the University of Miami and went on to do graduate work in real estate finance at New York University. He resides in Lloyd Harbor with his wife, Barbara, and their four children.

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