{{Infobox company | name = TMT Development | logo = | type = Privately held company | industry = Commercial real estate | foundation = {{Start date and age|1988}} | founder = Thomas P. Moyer | key_people = Vanessa C. Sturgeon, President | location = Fox Tower<BR>Portland, Oregon | homepage = {{URL|http://www.tmtdevelopment.com/}} }}{{Undisclosed paid|pre16Jun2014=yes|date=August 2020}} '''TMT Development''' is a real estate development company based in Portland, Oregon. It was founded in 1988 by Tom Moyer.

The company owns and operates 8.5 million square feet of commercial real estate throughout Oregon and southwest Washington state.<ref>{{cite news | last=Stevens | first=Suzanne | title=Fox Tower earns LEED Gold | url=http://www.bizjournals.com/portland/blog/real-estate-daily/2012/10/fox-tower-earns-leed-gold.html | work=American City Business Journals | date=October 2, 2012}}</ref> It is among the largest real estate companies in Portland.<ref name=":0">{{Cite web|title=Security guard charged with murder in North Portland parking lot killing|url=https://www.opb.org/article/2021/12/02/security-guard-indicted-killing-unarmed-man-north-portland/|access-date=2021-12-24|website=opb|language=en}}</ref>

==History== thumb|1000 Broadway In 1988, the company was founded by Tom Moyer.

In 1991, the company partnered with the Hillman Group to develop a 24-story office building in downtown Portland at 1000 Broadway, blocks from Pioneer Courthouse Square. The Hillman Group later sold its interest in the building to TMT Development.

In 2000, the company completed Fox Tower, designed by TVA Architects and built by Hoffman Construction Company.<ref>{{cite news | url=http://djcoregon.com/news/2000/06/13/fox-tower-office-space-a-hot-commodity/ | title=Fox Tower office space a hot commodity | first=Stephanie | last=Basalyga | work=DJC Oregon | date=June 13, 2000}}</ref>

In 2011, the family of the founder was engaged in a legal dispute over control when the founder was suffering from alzheimer's disease.<ref>{{cite news | url=https://www.bizjournals.com/portland/news/2011/11/17/moyer-family-dispute-ends-up-in-court.html | title=Moyer family dispute ends up in court | first=Matthew | last=Kish | work=American City Business Journals | date=November 17, 2011}}</ref>

The 30-story mixed-use Park Avenue West, located next to Director Park and the Fox Tower in downtown Portland, was completed in 2016.<ref>{{cite news | url=https://www.oregonlive.com/business/index.ssf/2016/03/park_avenue_west_tower_nears_c.html | title=Once-halted Park Avenue West tower nears completion (photos) | first=Luke | last=Hammill | work=The Oregonian | date=March 17, 2016}}</ref><ref>{{cite news | url=https://www.kgw.com/article/news/local/park-avenue-west-building-shines-for-opening-after-recession/84301302 | title=Park Avenue West building shines for opening after recession | first=Nina | last=Mehlhaf | work=KGW | date=March 15, 2016}}</ref> By May 2016, the office space had been leased.<ref>{{cite news|last=Bell|first=Jon|url=https://www.bizjournals.com/portland/blog/real-estate-daily/2016/05/portlands-newest-office-building-is-all-leased-up.html|title=Portland's newest office building is all leased up, but the residential side has a ways to go|date=May 25, 2016|work=American City Business Journals}}</ref> By August 2017, the residential portion was 90% leased.<ref>{{cite news|last=Bell|first=Jon|url=https://www.bizjournals.com/portland/news/2017/08/11/park-avenue-west-fills-to-the-brim-with-residents.html|title=Park Avenue West fills to the brim with residents and businesses (Photos)|date=August 11, 2017|work=American City Business Journals}}</ref> The building was taller than normally allowed by the building code, however TMT made a deal with the city that in exchange for exception from the zoning code on building height, the building would utilize union janitors and security, however these union jobs were not fulfilled.<ref>{{Cite news|last=Monahan|first=Rachel|url=https://www.wweek.com/news/city/2019/03/27/a-developer-promised-union-jobs-in-exchange-to-build-tall-the-construction-happened-the-jobs-didnt/|title=Developer Promised Union Jobs in Exchange to Build Tall. The Construction Happened. The Jobs Didn't.|date=March 27, 2019|work=Willamette Week|access-date=April 6, 2020}}</ref> In June 2019, Service Employees International Union Local 49 filed a lawsuit seeking to make this happen.<ref>{{Cite news|last=Monahan|first=Rachel|url=https://www.wweek.com/news/city/2019/06/14/seiu-local-49-sues-over-park-avenue-wests-failure-to-hire-union-janitorial-workers/|title=SEIU Local 49 Sues Over Park Avenue West's Failure to Hire Union Janitorial Workers|date=June 14, 2019|work=Willamette Week|access-date=April 4, 2020}}</ref>

=== Shooting by contracted security guard === In 2021, Freddy Nelson Jr was shot and killed by Logan Gimbel at Delta Park Center, a shopping center managed by TMT Development on behalf of Hayden Meadows in North Portland<ref name="ww21">{{cite news |last=Mesh |first=Aaron |date=December 2, 2021 |title=After Indictment of Shopping Plaza Guard for Murder, Prosecutors and Lawmakers Call for Security Reforms |url=https://www.wweek.com/news/courts/2021/12/02/after-indictment-of-bottledrop-guard-for-murder-prosecutors-and-lawmakers-call-for-security-reforms/ |work=Willamette Week |access-date=December 24, 2021}}</ref>. Gimbel was employed as an armed security guard by Cornerstone Security Group, a private security company contracted by TMT Development to patrol Delta Park Center in response to drug dealing and fights at an OBRC BottleDrop located on site.<ref name="ww21" /> When a reporter from ''The Oregonian'' visited the site in May 2025, she observed open air drug use and suspected dealing at the BottleDrop.<ref>{{Cite web |last= |first= |date=2025-06-14 |title=Oregon’s Bottle Bill crisis: How a landmark environmental law became entangled with Portland’s drug problem |url=https://www.oregonlive.com/podcasts/2025/06/oregons-bottle-bill-crisis-how-a-landmark-environmental-law-became-entangled-with-portlands-drug-problem.html |access-date=2026-01-09 |website=The Oregonian |language=en}}</ref> Nelson had an arrangement with the branch of Lowes at Delta Park Center to collect their used pallets and was regularly confronted by Cornerstone security guards<ref name="oregonian2">{{cite news |last=Sparling |first=Zane |url=https://www.oregonlive.com/crime/2022/08/bodycam-video-shows-60-second-encounter-before-guard-fatally-shoots-portland-man-experts-say-this-is-a-list-of-what-not-to-do.html |title=Portland security guard's 2021 fatal shooting of man in Lowe's parking lot goes to cBodycam video shows 60-second encounter before guard fatally shoots Portland man. ‘This is a list of what not to do,’ an expert saysivil trial |work=OregonLive |date=February 22, 2023 |access-date=January 8, 2026}}</ref><ref name="kptv1">{{cite news |last=McCarthy |first=Connor |url=https://www.kptv.com/2023/05/24/private-security-guard-who-shot-man-outside-lowes-portland-gets-life-prison/ |title=Private security guard who shot man outside Lowe’s in Portland gets life in prison |work=KPTV FOX 12 Oregon |date=May 24, 2023 |access-date=August 12, 2024}}</ref>. On the 29 May 2021 Nelson and his wife were in their vehicle in Lowes' parking lot when Gimbel approached and confronted Nelson. Gimbel escalated the situation and deployed pepper spray before shooting Nelson four times through the windshield as he tried to escape, dying at the scene. Gimbel was not licensed to carry a firearm in the course of his duties at the time of the shooting<ref name="opb2">{{cite news |last=Ellis |first=Rebecca |url=https://www.opb.org/article/2021/07/23/portland-oregon-armed-security-guard-police-work/ |title=Guard hired to protect Portland businesses wasn’t firearm certified when he killed man |work=Oregon Public Broadcasting |date=July 23, 2021 |access-date=January 8, 2026}}</ref>. Despite claiming self defence, he was convicted of second degree murder, unlawful use of a firearm and unlawful use of Mace in May 2023 and sentenced to life in prison<ref name="mcda">{{cite web |url=https://www.mcda.us/index.php/news/update-da-mike-schmidt-announces-guilty-verdict-for-private-security-guard-who-shot-and-killed-a-civilian |title= Multnomah County District Attorney |author=Multnomah County District Attorney's Office |date=May 9, 2023 |access-date=January 8, 2026}}</ref><ref name="opb1">{{cite news |last=Griffin |first=Anna |url=https://www.opb.org/article/2023/05/09/security-guard-convicted-second-degree-murder-north-portland-parking-lot/ |title=Security guard convicted of second-degree murder in North Portland parking lot shooting |work=Oregon Public Broadcasting |date=May 10, 2023 |access-date=August 7, 2023}}</ref><ref name="kptv1"/>.

Nelson's wife brought civil suit against TMT Development, Meadows, three representatives of Cornerstone and Gimbel for negligence and wrongful death<ref name="kgw1">{{cite news |last=Parfitt |first=Jamie |url=https://www.kgw.com/article/news/crime/lowes-security-guard-shooting-2021-wrongful-death-civil-trial/283-d2d3c33b-65ef-4ddd-af23-187a89d8983e |title=Portland security guard's 2021 fatal shooting of man in Lowe's parking lot goes to civil trial |work=KGW8 |location=Portland, OR |date=September 4, 2024 |access-date=January 8, 2026 }}</ref>. In 2024, a jury found Cornerstone and Gimbel’s conduct reckless while negligence was attributed 80% to TMT Development, 10% to Lowes and 10% to Nelson<ref name="cvn1">{{cite news |last=Siegel |first=David |url=https://blog.cvn.com/21.25m-awarded-over-fatal-shooting-in-lowes-parking-lot-watch-full-trial-via-cvn |title=$21.25M Awarded Over Fatal Shooting In Lowe’s Parking Lot - Watch Full Trial via CVN |work=Courtroom View Network |location=Marietta, GA |date=September 25, 2024 |access-date=January 8, 2026 }}</ref><ref name="oregonian">{{cite news |last=Sparling |first=Zane |url=https://www.oregonlive.com/crime/2024/09/jury-awards-20m-to-family-of-man-slain-by-unlicensed-portland-security-guard.html |title=Jury awards $21M to family of man slain by unlicensed Portland security guard |work=OregonLive |date=September 24, 2024 |access-date=January 8, 2026}}</ref>. The jury awarded $20 Million in compensatory damages and $1.25 Million in punitive damages against Gimbel and two Cornerstone officials.

==References== {{Reflist|1}}

Category:Real estate companies established in 1988 Category:Companies based in Portland, Oregon Category:Real estate companies of the United States Category:Property management companies Category:1988 establishments in Oregon Category:1988 establishments in the United States Category:Companies established in 1988