DEGC Names New Head of Real Estate and Finance


Moddie Turay has been named executive vice president of real estate and finance for the Detroit Economic Growth Corp.

Turay will work closely with managers of other departments and programs, the city of Detroit, and existing business partners and will represent the organization with a group of stakeholders to lead commercial, industrial, and retail development efforts in Detroit.

Previously, Turay was president, Moddie Turay Co., a Washington, D.C.-based a real estate development firm focused on multimillion dollar mixed-use residential, retail, office and hotel development initiatives.

He also has served as a member of the senior executive team in the Public Building Services Regional Commissioners’ Office of the National Capital Region of the U.S. General Services Administration. He was a project executive and adviser on the development of asset and portfolio business plans for new developments and the redevelopment of real estate portfolios across the Washington, D.C., area.

Turay also was a development manager at Western Development Corp. in Washington, where he was responsible for pre-development strategies, management of new business opportunities, and the development management and acquisition of a diverse range of real estate projects and holdings. He served as special assistant to District of Columbia Mayor Anthony A. Williams between 2001- 2004, advising on strategic planning, operations, public policy, and marketing and public relations.

Turay holds a Bachelor of Science in business management from Saint Augustine’s University in Raleigh, N.C.