This is an HTML version of an article that ran in Real Estate Forum. To see the story in its original format, click here.
Women have certainly come a long way in the commercial real estate, an industry once known as a “Boys' Club.” Still, they still have a ways to go before complete parity is reached. The individuals on the following pages have made considerable headway in breaking the proverbial glass ceiling. Here are the CRE Women of Influence for 2014.
CATE AGNEW
Director
PricewaterhouseCoopers
Miami
With three of the highest designations one can hold in commercial real estate—CCIM, MAI and FRICS in both the US and international market—Agnew's drive to excel is evident. In her current position at PwC, she's responsible for providing real estate advisory and consulting support for the firm's clients. These engagements include financial reporting and audit assistance, analytical model reviews, property/portfolio modeling, fair value reporting and advising, market due diligence, real estate appraisals and appraisal reviews. As director, Agnew also manages multiple client engagement teams and participates in business development, creates training programs for overseas staff and pursues marketing opportunities for PWC. In the past 12 months, she has valued several billion dollars in real estate for newly formed REITs, comprised of divergent property types from industrial to office and special use. In addition, Agnew has advised several US government agencies in real estate-related matters, led several strategic assignments for private clients, including lenders, and provided expert witness testimony and litigation support.
SUZANNE AMADUCCI-ADAMS
Partner
Bilzin Sumberg
Miami
One of the youngest equity partners at Bilzin Sumberg, which she joined upon its formation in 1998, Amaducci-Adams recently was named real estate practice group leader. She is also chair of the hospitality practice, leading the team in the financing of hotels and hotel loan restructurings, including the servicing of CMBS loans. She has restructured more than $6 billion of debt secured by hotels, including the Red Roof Inn portfolio and the Innkeepers portfolio, and is currently working on transactions valued at $1 billion. Amaducci-Adams is co-chair of the national CREW Network Convention and Marketplace, being held in Miami next month. She served on the board of CREW Miami for over six years and is a past president of the organization.
ANGELA AMAN
EVP, CFO & Treasurer
Retail Properties of America Inc.
Oak Brook, IL
Not many people can say that they have successfully accomplished taking a $5.5-billion dollar company public, or that they completed an inaugural preferred equity offering of $135 million, executed the company's first public equity offering raising $293 million in gross proceeds, established a $200-million ATM equity program and completed a $1-billion upsizing and repricing of its credit facility resulting in the company's first investment grade rating of (P) Baa3 by Moody's in 2013. But that is exactly what Aman has done—and all before the age of 35. In the business for 14 years, she's primarily responsible for managing the financial risks and financial planning for RPAI through the oversight of its capital structure. Aman started her career in investment banking at Deutsche Bank, where she spent four years with the real estate group, before becoming a portfolio manager with RREEF, the real estate investment management business of Deutsche Bank NA. There she focused on retail and regional mall companies before joining RPAI in 2011.
LAURIE BAKER
Senior Vice President
Camden Property Trust
Houston
Known for her ability to develop cross-functional teams that add great value to Camden and other organizations, Baker has a depth of information about property management and operations, ancillary services, acquisitions and, most importantly, a proven commitment to Camden's four cornerstones—their values, promise, mission and key strategies. On a larger scale as an industry speaker and leader, as well as on a smaller scale through her personal interactions with members of the Camden organization and CREW Houston, the 28-year industry vet is a role model and coach for others. Through CREW, Baker has directly impacted the lives of women considering careers in commercial real estate and gives advice and mentorship to students at both Texas A&M University and the University of Houston. In 2013, Baker managed the completion of more than 8,500 units as part of a $200-million reposition program for Camden's same-store assets. In the same year she exceeded year-over-year NOI and revenue growth for Camden's Fund portfolio, which exceeded the budgeted projections. Recently, she executed strategic dispositions of four assets—all of which far exceeded returns—and successfully engaged an investment partner to substantially restructure Camden's $1-Billion fund into a long-term hold vehicle. This partnership provides double digit, cash-on-cash returns for the fund portfolio while in a competitive, low-cap rate environment.
IVETTE BARNETT
Director
Voit Real Estate Services
Ontario, CA
Getting her industry start in the late 1980s as an office manager for a small boutique firm, Barnett has since amassed a two-decade track record in property management. At Voit, she is director of real estate management services companywide, and is directly responsible for oversight of Southern California property management, new business development and promoting the Voit Real Estate Services brand for third-party management. On her watch, Voit's full-year 2014 goals were achieved by the end of the first quarter, with management assignments beginning Q1 with two million square feet and growing to 10 million square feet by quarter's end. In midyear Barnett was awarded a national tenant representation lease administration assignment. “Women are resilient, from standing on a dirt floor to hitting the glass ceiling in the commercial real estate world,” she observes. “We are natural caregivers and effortlessly bring this quality to the industry.”
KATE BICKNELL
Senior Vice President
Forest City Ratner Cos.
New York City
Within her first year as an SVP with FCRC, Bicknell successfully helped the developer secure the CornellTech project on Roosevelt Island, launching a major partnership between the company and the university. The nine-year company veteran then led the commencement of FCRC's development of the co-location building, which will be the first office building to be constructed on campus, and will be home to both CornellTech and private-sector tech companies. In FCRC's home borough of Brooklyn, Bicknell has been driving progress for the next phase of the Pacific Park (formerly Atlantic Yards) mixed-use project. Bicknell began her career as a legislative aide to the late Sen. Daniel Patrick Moynihan, moving to Smart Growth America, where she became federal policy director and helped secure passage of the Small Business Liability Relief and Brownfields Revitalization Act.
DENISE BROSKEY
Director, Lease Acquisition Program Services US
US General Services Administration, National Office of Leasing
Washington, DC
Broskey continues to be instrumental in streamlining, standardizing, and simplifying the GSA's leasing policies and procedures through spearheading Lease Reform, and implementing significantly revised processes and procedures to make GSA leasing straightforward, achieve significant reductions in cycle time, and promote better communication and understanding with the commercial real estate industry. She is highly sought after by GSA's management and agency customers to mediate issues relating to lease transactions. Broskey currently supervises a diverse team that provides critical support to GSA's front-line lease contracting officers and specialists who are actively securing commercial leases to provide the leased space required to support federal government agency missions when appropriate federally owned space is not available. Broskey bridges the process gap between commercial real estate and GSA, which has active assets totaling 378 million square feet in all 50 states, six US territories and the District of Columbia, making it one of the largest and most diversified public real estate organizations in the world. In regard to its leasing services, GSA manages 195 million square feet of leased space in 7,435 commercial leases paying $5.87 billion in annual rent to lessors.
KATHRYN BURTON-GRAY
Senior Managing Director
RED Capital Group
Dana Point, CA
Burton-Gray is a natural leader, team builder and communicator who possesses great credit sense, which allows her to provide excellent guidance to her clients and RED, streamlining the credit process for all stakeholders. With a solid background in banking and seniors housing, her team continually praises her for building an atmosphere of collaboration, supporting educational opportunities and encouraging growth and professional development. She prefers to highlight her team's accomplishments over her own and continually seeks to create a positive work environment. Burton-Gray has spent 28 years in commercial real estate finance and has the keen ability to anticipate issues before they arise in even the most complex financial transactions. She is responsible for overseeing RED's financing and private placement activities in the seniors housing and healthcare sector, including proprietary bridge lending, Fannie Mae and FHA loans.
GWEN BUTLER
President
Capri Capital Partners
Chicago
Apart from her own accomplishments, Butler has been at the fore in advancing opportunities for women and minorities in our industry, through the National Association of Securities Professionals and the Real Estate Executive Council, among other organizations. The first African American female president in the commercial real estate investment management industry, she has more than 35 years of institutional lending and investment management experience, including serving as executive director of UBS Global Asset Management and managing director of Bear Stearns & Co. Butler started her career in 1977 as a corporate finance banker at the Continental Illinois National Bank and Trust Co. and was the first African American female appointed VP in the bank's commercial lending division. She is president of the board of the YWCA Metropolitan Chicago, and serves on the organization's executive committee. She is also a member of the Economic Club of Chicago and the Executives' Club of Chicago.
CHRISTINE CHIPURNOI
Senior Vice President
Wells Fargo Insurance Services USA Inc.
New York City
As a leader in her field of insurance as one of the top producing broker/consultants in the country, Chipurnoi is responsible for the development, strategy and retention of a very large book of business that is comprised of commercial real estate, construction risk, retailers and hospitality risk. In 2013, she was recognized as one of the Wells Fargo Winners Circle, a distinction granted to the firm's top 5% sales producers in the US. She was the first female president of the Insurance Brokers Association of New York in its 117-year history, and is now the incoming president of NYCREW, for which she also runs the membership committee. Among other accolades, she has received the National Association of Insurance Women's Helen M. Garvin Outstanding Achievement Award, the NYCREW Pinnacle Award and the Wall Street Journal Vanguard Professionalism Award.
SHELBY CHRISTENSEN
Senior Vice and Director, Property Management
Liberty Property Trust
Malvern, PA
Liberty COO Rob Fenza describes Christensen is “one of the strongest, most organized leaders” he has ever seen. She is responsible for all the firm's internal and third party-property management with a portfolio of more than 100 million square feet of office and industrial space. She was instrumental in the massive underwriting, due diligence and acquisition of Cabot portfolio of 177 buildings. She's also headed up the efforts of Liberty's sustainable property management and major push for energy savings to benefit tenants. Under Christensen's leadership Liberty has won the DOE's Energy Partner of the Year three years in row, winning special acknowledgment this year. Her teams around the nation have won numerous BOMA “TOBYs” and other property management awards. She serves on the national BOMA board, the BOMA Council and the Drexel University Business Board.
CYNTHIA CLARE
President
Kettler Management
McLean, VA
Clare joined Kettler Management as president in 2005 and has increased the size of its management portfolio from 8,667 units to more than 24,000; from 37 communities to 100. Through her leadership, Kettler has expanded its geographic reach from the Washington, DC metro area to the East Coast from New York to North Carolina. It's in keeping with the company's business plan calling for continued growth through acquisitions, new development, fee management and diversification. Under Clare's leadership, the company is focused on higher-density multifamily near multi-module transportation centers. “I am committed to significantly increasing Kettler's management portfolio, expanding training and career development programs for our employees and continuing to build productive and lasting relationships with customers, team members and partners,” she tells Forum.
SUZANNE COPE
Senior Vice President
Centerline Capital Group
Denver
Early in her career, Cope spent eight years on the agency side working at Fannie Mae and then transitioned that knowledge and moved to the lender side of the business. She joined Centerline in 2010 to develop and re-launch an affordable housing lending platform for the firm. She's responsible for West Coast originations of all debt financing activities for affordable multifamily housing, including Fannie, Freddie Mac and FHA executions as well as affiliated executions for conduit and bridge lending. Cope's largest professional accomplishment over the past year was the closing of a $175-million Fannie credit facility to refinance a five-property portfolio owned by a premier owner and operator of multifamily properties in Orange County. The structured credit facility with Fannie was heavily negotiated and very complex due to the nature of the product.
ERIN CURRY
EVP, Operations
Xceligent
Independence, MO
A 15-year veteran of the industry with extensive experience in management and operations, Curry has experience in commercial development, appraisal, title insurance, real estate information and analytics. She co-founded Xceligent in 1999 as a commercial real estate information and analytics company focused on Midwest markets. Since then, Curry's role has been to oversee the firm's growth from 150 employees to 700. Today, Curry serves as the EVP for employee operations and is chief HR officer, overseeing the company's rapid growth into new markets and international research operations. She has developed systems and processes in accounting and property research departments across 45 US markets.
MARGIE CUSTIS
Managing Director
Principal Financial Group
Des Moines
Upon graduation from Iowa State University in 1984, Custis accepted a position as a commercial real estate mortgage underwriter. Her responsibilities included originating new mortgage investments on behalf of Principal within a variety of markets in the Southwest. Utilizing her real estate finance experience, Custis was tasked to launch the firm's CMBS investment business in the early 1990s. She earned an MBA degree from Drake University as well as her CFA. Now, after 30 years in the business, she is a well-respected leader providing insight within real estate finance and capital markets through industry associations including CREFC and the Mortgage Bankers Association, where she serves on various boards and consortiums. In addition, she has educated fellow insurance companies over the years in their participation in the CMBS market as both an investor and issuer of loans for securitization.
LISA DAVIDSON
Executive Managing Director
Savills Studley
Chicago
Davidson joined Studley, now Savills Studley, in 1997. Today she has almost 30 years of experience acting as an advocate on behalf of commercial tenants in Downtown Chicago and the Midwest. She is among Savills Studley's top performers, executing more than 14 million square feet of transactions. She is also recognized as an expert in reducing real estate costs for corporate space users for her diverse client portfolio, which includes law firms, financial services firms, major corporations and associations. Most notably, she has developed an exceptional practice in the area of early lease restructuring that has helped numerous firms achieve favorable rental rates, incentives and concessions. Yet Davidson stands out amongst her counterparts not just for her success in the industry; she also beat the odds of overcoming a challenging upbringing. Davidson grew up in the inner city of Chicago and began working at the age of nine cleaning houses. She attended a high school in a blue-collar neighborhood where few students had the opportunity to go to college. Even as the valedictorian of her graduating class, Davidson was given little direction in taking the next step toward a successful future. Her turning point came when a long-time resident of the community, the owner of a neighborhood business who had known her since she was five years old, encouraged her to apply to Northwestern. She applied, got in, paid her way through and upon graduating, took the biggest risk of all—a commission-based job in commercial real estate.
ELIZABETH DAVIS
Director
Institutional Property Advisors, a division of Marcus & Millichap
Portland, OR
With more than 20 years of experience working with institutional clients, Davis has been directly involved in sales totaling over $300 million in multifamily assets over the past two years for some of the nation's largest institutional investors. The first-ever female broker within IPA, Davis' first job was at the property level, as director of marketing at Oregon's premier super-regional shopping center owned by Macerich. In 1995, she opened Davis Agency, an advertising agency serving regional shopping centers on the West Coast, later expanding to provide development planning for additional property types. In 2007, Davis founded Blue Sky Advisors in Manhattan Beach, CA, with co-founder Patrice Daniels, who was on the board of CBRE and brought a strong background in investment banking. The firm consulted with developers to produce development models, plan capital requirements and source equity. In 2011, Davis merged all her experience to start a career as an investment advisor for institutional multifamily assets.
CATHY DELCOCO
Executive Vice President
CBRE Group Inc.
McLean, VA
Delcoco is an EVP of CBRE's Global Corporate Services Group, leading a seven-person team that focuses on integrating complex real estate solutions aligned with a corporation's business objective. She represents corprorate clients' real estate needs in the Northern Virginia market, and facilitates transactions as far distant as Huntington Beach, CA and United Arab Emirates. One of her distinguishing characteristics is her ability to integrate multiple service lines for companies to achieve both their real estate and operational goals. She consistently ranks among the top 100 real estate consultants within CBRE and has executed 29 million square feet in transactions since 1999. In 2001, she received the annual CBRE William H. McCarthy award, the firm's most prestigious recognition presented to the employee with the highest quality of character combined with consistent performance.
KIM DIAMOND
Senior Managing Director, Structured Finance
Kroll Bond Rating Agency Inc.
New York City
Diamond joined the newly formed Kroll Bond Rating Agency in December of 2010 as the head of CMBS. Within a short time, she was given responsibility for all of structured finance and has grown all three of KBRA's businesses (ABS, RMBS and CMBS), positioning Kroll as a viable competitor in the rating agency market. The agency rated its first CMBS transaction in 2011; a year later, its CMBS market share was 43.7% and had grown to 53% by year-end 2013, with KBRA ranked #3 across all six rating agencies. The 25-year veteran of structured finance got her start at Standard & Poor's in 1989 on the CMBS desk, leaving S&P in 2010 to join KBRA. She's a board member of the Commercial Real Estate Finance Council and won CREFC's Founders Award in 2012.
MEJ ELLSWORTH
Senior Commercial Escrow Officer and Underwriter
First American Title Insurance Co.
Denver
Over the past year, Ellsworth has closed more than $2.5 billion worth of transactions, including several $100-plus-million and multi-site/multi-state transactions. It a production achievement that very few commercial escrow officers ever reach. Perhaps what is most impressive is that she achieves this level of deal volume year after year, making her one of the premier commercial escrow officers in the US. Ellsworth got her start with an Omaha-based developer but soon made the move to the title industry. From there, she moved to Colorado and began a career that has coincided with Denver's rise to one of the premier commercial real estate markets in the US. She is consistently recognized as a top producer within First American, is a member of the First American Escrow Council, and was recently appointed to a senior leadership position within First American's Colorado-NCS operation.
NANCY R. FERRELL
Senior Vice President and Managing Director
NorthMarq Capital
Lutherville, MD
Ferrell joined NorthMarq Capital in 2003 when NorthMarq acquired the mortgage banking division of Legg Mason Real Estate Services. Over the next 10 years she consistently ranked in the company's top 10% of producers annually. She was promoted to SVP/managing director in 2012 in the Baltimore regional office, responsible for the generation of commercial debt and equity placement along with the development of lender and commercial product sources. Over 12 months, Ferrell has placed more than $250 million in 24 deals, including a $78.6-million loan on an office and flex product on unsubordinated federal land located on a US Army base. Ferrell's insight into the industry and its diversity trends is particularly valuable as most women tend to focus on the lender side or in staff functions for commercial finance, instead of debt and equity production and management roles.
RANDY FIFIELD
Vice Chairman & Principal
Fifield Cos.
Chicago
Fifield has risen to become a trendsetter and leader in the male-dominated world of development, helping to steer Fifield Cos. from its origins as an office developer to become one of the most prolific developers of luxury multifamily in Chicago and Southern California. In the past 10 years, she has led the company to develop more than 3,000 luxury rentals in these markets. Current projects for Fifield include E2, a 356-unit high-rise in Evanston, IL; Luxe on Madison, a 100-unit project in Chicago's West Loop; and 347 W Chestnut, a 306-unit tower in Chicago's River North neighborhood. As managing director and principal of Century West Partners in Los Angeles, Fifield is currently overseeing the development of eight projects with more than 2,000 luxury units in Los Angeles, Koreatown and Santa Monica.
GLYNNIS FISHER-LEVITT
Vice President & Real Estate Business Advisor
PNC Corporate Bank
Birmingham, AL
Fisher-Levitt specializes in the underwriting of all property types, portfolio management, loan production, and syndication. To advance her role with one of the country's largest corporate/commercial banking divisions, Levitt has leveraged the CCIM Institute's specialized investment and financial analysis education to improve service to clients and advance her career. This extra skill set alone sets her apart from the majority of commercial real estate banking professionals and the added insight has given her new perspective, particularly on how to manage risk from the developer and investor perspectives. PNC Bank acquired her former employer in 2012 and she once again took on a new role with a new set of priorities, moving from very large transactions to transactions more focused on small investors. Last year, her market generated and closed over $10 million in investment real estate loans, all of which were closely tied to other business relationships held by the bank.
CHAR FORTUNE
Director of Learning & Professional Development, Consulting & Advisory
Avison Young
Atlanta
Fortune is charged with the training and development of the future of Avison Young. She is responsible for developing Avison Young University, the firm's internal training program, and her focus has been on giving young associates the skills they need and improving the skills of their senior counterparts. In her role as corporate services advisor, Fortune works with multi-market companies to develop real estate strategy; identify appropriate solutions to support business objectives; and deploy transactional, lease administration, project and facility management services. Before joining AY, she served as managing director of corporate services for the Southeast at Grubb & Ellis, with stints at Trammell Crow Co. and Cushman & Wakefield preceding that.
STACEY GILHAM
Principal
Edge Realty Partners
Austin, TX
Gilham manages the leasing division for Edge Realty's local office, bringing a mix of both science and art to her work: she not only has a firm grasp on such nuances as demographics, drive times and competition, but she also is exceptional at the art of making each deal work by understanding her audience and paying close attention to her clients' needs. Gilham has 14 years of experience in landlord and developer representation working on projects of all sizes including power, specialty and grocery anchored centers. She is also the founder of Retail Live! Gilham started her career at Benderson Development in Sarasota, FL, at the time the largest privately held developer in the country, working her way up from a leasing representative to director of leasing. Interestingly, her entry into real estate was serendipitous; she'd contacted Benderson about leasing a space on behalf of a family member and her persistence on getting the leasing information from the company prompted them to offer her a job as a leasing agent.
WENDY GILL
Chief Accounting Officer & SVP, Corp. Operations
Columbia Property Trust
Atlanta
At age 39, Gill is not only the youngest member of Columbia's otherwise all-male executive team but also has achieved more at a younger age than most of her male and female counterparts at peer companies throughout the industry. Beginning her career with Arthur Andersen in its Washington, DC and Atlanta offices, Gill moved over to one of its clients, Wells Real Estate Funds, as the accounting firm wound down its operations in 2002. She spent 11 years with Wells, becoming chief accounting officer of its largest REIT in 2007. She continued as CAO and was named SVP of corporate operations when that fund, Wells REIT II, changed its name to Columbia Property Trust upon severing its advisory relationship with Wells. In preparation for Columbia's IPO last October, Gill led several initiatives to position it to achieve the best listing execution.
ALEXANDRA GLICKMAN
Area Vice Chair, Practice Leader & Managing Director
Arthur J. Gallagher & Co.
Glendale, CA
The only woman practice leader of one of the world's four largest insurance-brokerage firms, Glickman is recognized as an industry expert in insurance and alternative risk financing. Her leadership grew Gallagher's 2013 real estate client revenues by 9.4% within the $7-billion market-cap company. She continues to develop new and expanded business relationships and is now responsible for brokerage and service oversight of more than 36,000 institutionally owned and leased single-family homes. With 31 years of experience in the business, 13 at her current position, Glickman's responsibilities include leading Gallagher's worldwide real estate and hospitality practice, which represents more than 2,400 clients and more than $250 billion of assets. She is also responsible for leading and overseeing 18 professionals serving more than 110 clients who own, manage and provide professional services in every aspect and asset class.
KAREN HALPERT
SVP, Single Tenant
American Realty Capital Co.
Phoenix
Halpert is responsible for the financial performance of a national portfolio of 4,300 single-tenant retail, office and industrial properties totalling 130 million square feet in 49 states with a value of almost $30 billion. She guides a 27-person team of asset, property and construction managers responsible for the day-to-day management of the portfolio. Thus far this year, Halpert's team has already integrated onto her team management platform over 2,500 properties with a value of more than $10 billion resulting from the merger of Cole Real Estate Investments and American Realty Capital Properties. Halpert is also on the ARC Compassion Committee to encourage employee participation in volunteer work, and served as 2013 president of AZCREW, for which she chairs the programs committee this year.
LAURA HANNUSCH
Partner
Pillsbury Winthrop Shaw Pittman
Houston
The past year has in many ways been a typical one for Hannusch, as she's overseen Crescent Real Estate Equities' blockbuster $1.2-billion sale of a 10-building office complex in Houston, advised the Atlanta Braves for the building of a reported $672-million ballpark and mixed-used development, and yet also applied her considerable will and energy toward endeavors as varied as the continued revitalization of Downtown Houston and the more focused application of her firm's charitable efforts. She currently heads the real estate practice group for the firm's Houston office. “I've never seen career satisfaction as just a collection of personal goals and benchmarks. Large-figure transactions, intriguing negotiations and projects are all part of a fulfilling career, but they are just one part,” she says. “I consider the mentoring of less experienced legal professionals—especially incoming women but ultimately, everyone—as an important part of my professional mission.”
JILLIENE HELMAN
CEO
Realty Mogul
Los Angeles
Helman has created one of the largest crowdfunding platforms for investing online in real estate, providing thousands of accredited investors with access to investment opportunities that they would have never had before and receiving numerous awards for leading the crowdfunding movement. At the same time, she helped lead the firm to become an outsourced capital markets arm for real estate sponsors. With only two years in the business, Helman recently completed one of the largest Series A fundings for a female CEO ever in the tech world. She has crowdfunded over $120 million in commercial property and underwritten over $1 billion in commercial real estate. Helman believes that a very small percentage of money raised from venture capital goes to female CEOs. Raised in a real estate family before going into banking, she is a trailblazer who also believes that her success, and the growth of Realty Mogul, opens the doors to venture capital for all women entrepreneurs.
RACHEL HOWITT
President and CFO
NAI Capital Inc.
Encino, CA
Howitt has had a notable career in real estate that is tied together by 34 years of wide-range experience including metallurgical engineering, finance and business development. She succeeded in keeping her company's revenues stable and its credit position firm throughout the recession in such a way that, where other companies have found themselves bankrupt or deeply in debt, the past five years at NAI Capital Inc. have shown increases in profitability. Deal volume has increased 40% from 2010 to 2014. Deal values also increased 29% from 2012 through 2013. She maintained and strengthened the company's net cash position by controlling costs and streamlining finance processes. Howitt also took into account the culture of the industry, her organization and the people in her organization, recognizing that revenues are tied directly to her people. She embraces the notion that an organization will live or die with its people; for the company to be successful, her people need to be successful. Over the years Howitt has taken under her wing young professionals and assisted them in elevating their skill sets to expand their careers. She has acted as a mentor outside of the business as well, inspiring many through her multiple philanthropic endeavors.
FRAN INMAN
SVP, Corporate Development, Majestic Realty Co.
Founding President, Majestic Realty Foundation
City of Industry, CA
A recognized leader in the push to improve the nation's failing transportation infrastructure, Inman was appointed by both Governor Schwarzenegger and Governor Brown to the California Transportation Commission. In 2013, Inman was also appointed to the National Freight Advisory Committee, a 47-member citizens committee established to advise the US Secretary of Transportation on matters related to freight transportation in the US, where she co-chairs the sub-committee. Currently Inman directs government relations and community affairs activities for Majestic Realty Co., where one of her responsibilities is to address tenant concerns about their ability to move their products efficiently across the country. She has led Majestic's community activities, helping the company be recognized as an industry leader in philanthropy and is the founding president of the Majestic Realty Foundation. Established in 2002, the Foundation provides grants and other support to various community partners where Majestic does business.
CHRISTIE KELLY
Chief Financial Officer
JLL
Chicago
Kelly brings to her current position of CFO at JLL an extensive background of global financial and banking experience, ranging from financial planning and strategic development to senior leadership roles in financial management, mergers and acquisitions, information technology and investment banking. Under her oversight, JLL maintained its strong financial position, strengthened bank relationships, enhanced communications with investors and analysts, and continued its strategy of strategic acquisitions to fuel productive growth. Before joining JLL, she played a critical role in helping Duke Realty keep a strong financial position during the recession and economic recovery. With Kelly as the REIT's CFO, Duke outperformed the S&P 500, S&P 400 and the RMZ index. Since joining JLL, Christie has taken on leadership roles in the firm's global sustainability board and global operating board.
SARAH LAGOSH
Director
Eastdil Secured
Boston
Lagosh is responsible for generating new business, executing existing transaction volume and jointly overseeing the 13-person Boston office of Eastdil Secured. She has demonstrated a robust knowledge of complicated transactions and separated herself from her peers, with a proven ability to work through challenging topics and issues with clients and prospective investors to ensure successful completion of transactions. Her expertise has made her the main point of contact on institutional transactions, while also supporting the balance of the regional business. Lagosh is highly regarded within the marketplace as being on the forefront of key capital markets trends and themes, and as such has been heavily involved in headline transactions in Boston.
BETH LAMBERT-SAUL
Executive Managing Director
Cassidy Turley
Dallas
For Lambert-Saul, one of the satisfying parts of closing more than $20 billion in debt and equity transactions globally during her career is using her influence to help people and companies advance. Her experience as an owner, borrower and lender separates her from most intermediaries and allows her to identify more closely with clients. Lambert-Saul's passion also includes mentoring and building teams and partnerships, especially for the advancement of women's roles in CRE. As 2006 president of the national CREW organization, she spoke across the US, discussing the different perspectives and value proposition women bring to CRE. Lambert-Saul has served clients in a variety of capacities, including structuring debt, raising equity and strategic planning. Her work spans all CRE product types, geographies and risk profiles and has involved more than $900 million. One of her greatest recent accomplishments is her involvement with three start-up clients this past year that have expanded their portfolios faster than projected due to her invested time. These clients are now no longer considered start-ups and are competing at an institutional level.
AMY LERSETH
SVP, Asset Management & Real Estate Services
The Buzz Oates Group of Cos.
Sacramento, CA
Lerseth is responsible for the execution of the investment strategy and business plan for a $1.7-billion portfolio of industrial/office/retail assets. She manages Buzz Oates Real Estate and Buzz Oates Management Services, which provide brokerage and asset/property management services to a 23-million-square-foot portfolio spanning four states in the Western US. The company's founder, real estate icon Buzz Oates, comments, “In the competitive commercial real estate industry, Amy is absolutely one of the best at what she does. We rely on her expertise and business acumen for direction and decision making.” Lerseth was named vice chair of NAIOP Investment Management II Forum in 2014. NAIOP also invited her to join its faculty at the NAIOP Center for Education as an instructor for eight-week courses in real estate.
CYNDI LIGHT
Senior Vice President and Partner
Coldwell Banker Commercial Sudweeks Group
Temecula, CA
As one of the founding partners of CBC Sudweeks Group, Light has pushed the firm to grow from a start-up commercial brokerage office with just four associates three years ago, to a full-service CRE and property management company that now includes over 30 associates in San Diego, Temecula and Redlands. She is the lead associate of the Retail Division and a regular “Top 3” producer in the company. Her recent focus has been the redevelopment of Murrieta Crossings in Murrieta, CA, with over 230,000 square feet of retail freeway visibility. Light and her team have worked with the City of Murrieta to rezone the project to allow for a wider mix of uses, including restaurants and entertainment. She is also a mentor for junior associates in the firm as they begin their career in commercial real estate.
JILL LOVATT
First Vice President, Retail Leasing
Massey Knakal Realty Services
New York City
Lovatt was the founder and president of Complete Appraisal Services in Southern California and ran that company for nearly 10 years. After moving to Manhattan three years ago, Lovatt landed her position at Massey Knakal Realty Services through a chance meeting with CEO Paul J. Massey Jr. at a real estate function. While at the function, she and Massey found a common ground—both had founded firms based on the territory system and strong values. Since joining Massey Lovatt has generated significant results on the Upper East Side. In the past 38 months, she's leased or listed a number of stores on Madison Avenue, along with many stores on the UES. In the past 12 months, she has leased or listed eight stores on Madison Avenue along with approximately 23 other UES stores. After she was named Massey Knakal's Retail Leasing Agent of the Year in 2013, Lovatt was awarded the honor of the Richard Marchenko Award in 2014, recognizing her persistence and perseverance to get the job done.
BETH MACE
Chief Economist & Director, Capital Markets Outreach
National Investment Center for the Seniors Housing & Care Industry
Annapolis, MD
As seniors housing has emerged as an asset of key interest among both equity and debt investors given its risk-adjusted returns, Mace has pushed hard for transparency. Mace pioneered the time series data now regularly used by operators and investors in sector; she also become a trusted resource and expert on the industry's market dynamics as well as the opportunities and challenges of investing in seniors housing and care properties. This year in March she was named to a new role within NIC: chief economist. It is a fitting title for someone whose economic forecasting experience spans more than 25 years—and whose goal is to push seniors housing to become one of the core commercial real estate investment property types for both for equity and debt providers.
ANGELA MAGO
Executive Vice President and Group Head
KeyBank Real Estate Capital
Cleveland
Over the course of her 25-plus-year career at Key, Mago has risen to become one of the company's most influential leaders. On April 15, she was appointed to her current position, leading a sizeable group responsible for development, profitability and quality of KeyBank's national CRE portfolio, both on and off balance sheet products. Previously, she led the real estate capital markets team that originates, underwrites and distributes permanent mortgage financing for Key's clients through Fannie Mae, Freddie Mac, FHA, life companies and CMBS. Under Mago's leadership, this national platform produced record loan production in each of the last three years. She also served as the national manager for KeyBank Real Estate Capital's Healthcare group.
SARAH MALCOLM
Director, New Media
International Council of Shopping Centers
New York City
Malcolm has created and executed ICSC's social and mobile strategy, winning over 19 awards for ICSC's mobile apps, social media and websites. She has 12 years in the industry, four at her current position. Due to her success, ICSC was recently named by Association TRENDS as a Top 25 Social Media Savvy Association, a Top 25 LinkedIn Savvy Association and the number-one Social Media Savvy firm in Services and Retail. She has also been behind the award-winning Social Media Pavilion as well as the #iTechLounge, educating the retail sector on how a social- and digital-media strategy can breathe new life into business.
JENNIFER A. MARLER
Managing Partner
Dentons US LLP
St. Louis
One of the foremost authorities on complicated financial transactions, Marler has represented lenders, owners and developers nationally and internationally. The only female managing partner among the major legal firms in St. Louis, Marler plays a leading role for Dentons by serving as a mentor to recent graduates joining the firm's ranks and guiding all aspects of its business in St. Louis. Marler has devoted considerable time and energy to advancing the success of women. Her commitment has included serving on the national board for CREW Network and as a past president of its St. Louis chapter. She has contributed to and volunteered for many years in the CREW Foundation, a nonprofit aimed at helping women and girls achieve economic self-sufficiency.
EDNA MEYER-NELSON
President and CEO
Richland Cos.
Houston
Having successfully grown Richland in terms of both revenue and staff, Meyer-Nelson directs all business activities for the firm's investment, brokerage, asset management, commercial mortgage, leasing, tenant representation, property management, land development and construction divisions. This year, Richland has secured 410,000 square feet in leasing activity and maintained a 90% occupancy rate across its portfolio of 33 properties, 15 of which remain fully leased. Prior to founding the company in 1993, she spent 20 years in the banking industry, and her expertise in structuring real estate loans, combined with a hands-on approach to property selection and management, has allowed Richland to amass a $250-million, two-million-foot portfolio in four Southwest states.
JOANNA MULFORD
Managing Director
Prudential Real Estate Investors
Madison, NJ
Since joining PREI in 1997, Mulford has accumulated a wide range of experience that includes transactions, fundraising and asset and portfolio management. She is currently the portfolio manager and CFO of PREI's flagship core real estate fund, which was the first and is among the largest open-end real estate funds in the US with $16.4 billion of gross assets under management. Mulford's skill set allows her to be equally effective in managing the operational side of a large investment vehicle and in making sound investment decisions on both the transactions and dispositions side, as well as contributing to the development of the fund strategy. For example, she recently led a project to broaden the eligible investor base for PREI's flagship core real estate fund. Now, for the first time in its 40-plus-year history, the fund can accept capital from non-US and taxable US investors. Mulford also participates in a variety of mentoring programs.
ADRIANA OLSEN
Vice President
Passco Cos. LLC
Irvine, CA
With more than a decade of experience, in the past 12 months alone Olsen has helped Passco raise more than $96 million in capital for its investments. Her deep knowledge of each investment product helps her stand out; can speak fluently about these products and how they can help achieve clients' goals. Currently Salamone is responsible for all internal and external marketing and communications for Passco. Her primary role is to interface with the broker-dealer community and with investors regarding Passco's investment opportunities. She also serves as a spokesperson for the company at various national seminars and conferences, driving Passco's industry presence forward, and developing relationships with industry professionals throughout the US. She also helps to promote Fodada, a clothing brand that donates part of its proceeds to support non-profits and family programs.
ANNELISE OSBORNE
Senior Credit Officer
Moody's Investor Service
New York City
Instrumental in developing the next generation of professionals within the CRE finance industry, Osborne has proven her thought leadership by programmatically reaching out to CMBS investors after the financial crisis to share the rating agency's approach in a transparent manner and to increase communication with investors in the market during turbulent times. Osborne demonstrates the breadth of her influence on the market as co-head of Moody's CMBS Conduit/Fusion Surveillance Team, which is responsible for annually monitoring and refreshing the ratings on over $500 billion in bonds backed by more than 50,000 loans on commercial real estate. In the past 12 months, she arranged 80 one-on-one investor meetings, helping Moody's to attain the #1 rating agency ranking in the JP Morgan 2013 Investor Survey.
AMY PRICE
Chief Operating Officer
Bentall Kennedy US
San Francisco
In less than three years overseeing Bentall Kennedy's US operations and financial performance nationally, Price has helped US assets under management grow by about $2 billion, and dozens of staff members have come on board, including several top names in the industry. In addition to her national role, as head of the San Francisco office, she has been instrumental in cementing Bentall Kennedy's relationship with CalPERS and in securing two major new developments for the firm's pension fund clients. Price serves on the San Francisco board of the Women's Initiative for Self Employment, whose mission is to build the entrepreneurial capacity of low-income women to achieve self-sufficiency. More than 16,000 women have received training, support and/or funding via the San Francisco hub. She is also an active supporter of Jamestown Community Center serving underprivileged youth in the Mission District of San Francisco.
SARA QUEEN
Senior Vice President
Brookfield
New York City
With asset management oversight of Brookfield's core office portfolio, comprised of 45 million feet in 60-plus class A office properties in downtown New York City, Boston, Metro Washington, DC, Houston, Denver, Los Angeles, Seattle and San Francisco, Queen has significant influence in top markets in the US. She is the chief company representative and liaison with co-investors in the US Office Fund and Downtown Los Angeles Fund, as well as other JV partnerships. She directs the annual strategic and business planning process for the US, with 2013 NOI of over $800 million. She's responsible for the firm's occupancy profile, as well as the creation and rollout of internal lease management and budgeting systems. Queen also manages the Lease Administration group and serves on the Global Asset Management and Executive Committee for US commercial operations.
ANNA RADIC
COO
Dream Office REIT
Toronto
Throughout her career which started in the brokerage business in the early 1990s, Radic assumed progressively more senior roles in investment, leasing and operations. Her success in managing a diverse portfolio of assets and completing millions of square feet of leasing transactions has been rooted in her market and industry expertise, her ability to build and foster longstanding relationships across all spectrums of the industry and her exceptional leadership skills. Radic has played a key role in Dream's growth and transformation into one of the leading real estate enterprises in Canada. She has been involved in numerous transactions including the REIT's $2.3-billion portfolio sale to GE Real Estate, at the time the largest real estate transaction ever to take place in Canada; the takeover of two TSX-listed companies—Realex Properties Corp. and Whiterock REIT; the public spin-out of Dundee Industrial REIT; and the acquisition of the iconic Scotia Plaza in Downtown Toronto.
L. JAN ROBERTSON
CEO
Norris, Beggs & Simpson Cos.
Portland, OR
Robertson became Norris, Beggs' first and only female partner in 1993, rose to the position of CFO in 2005 and was then appointed CEO in 2011. She's responsible for oversight and management of all of the company's business operations, strategic planning and financial management. As head of the company's property management department, Robertson oversees a portfolio of over 10 million square feet of office, plus 929 residential units, as of May 30. In this role, she is also responsible for procuring new property management assignments. Within the past year, the company has added numerous projects and was set to add 400 more apartment units by August. In 2008, Robertson became the first female president of the Oregon chapter of NAIOP.
RACHEL ROSENBERG
Executive Vice President
RKF
Santa Monica, CA
Beginning her commercial real estate career in 1997 at age 19 with CBRE's Milwaukee operations, Rosenberg is now responsible for overseeing all of RKF's Los Angeles operations. Regarded as a retail expert throughout the industry and a pioneer in the growth of restaurant branding nationally, she has played a pivotal role in transforming the retail and restaurant landscape in Southern California. Averaging one deal per week, Rosenberg is known her clients expand into the most ideal retail corridors and a keen ability to strategically negotiate multiple deals for a variety of restaurant and retail concepts for which she is the exclusive L.A. broker, including: Fig & Olive, Fox Restaurant Concepts, Paul Hibler Restaurants, Chipotle Mexican Grill, ShopHouse Southeast Asian Kitchen, Le Pain Quotidien, Veggie Grill, Sam Edelman, Gap Brands and Arclight Cinemas.
KAREN SCANNA
Partner
Stroock & Stroock & Lavan LLP
New York City
Originally preparing for a career in medicine or research, Scanna has adapted her CRE law practice and enabled it to flourish, notwithstanding the ups and downs of the market. In 2008, at the height of the financial crisis, she represented the joint venture that acquired and financed the 1.8-million-square- foot, 47-story class A office building known as Worldwide Plaza in New York City. More recently, she has assisted her clients in capitalizing on the hot multifamily market by acquiring thousands of units for them throughout the boroughs of New York City. She has also represented the developers of several of the most noteworthy projects of the Bloomberg administration, including the Willets Point, Seward Park and Kingsbridge Armory developments.
CYNTHIA SHELTON
Director of Investment Sales
Colliers International
Orlando, FL
Active in the industry for more than 35 years, Shelton has not only been a top producer in the retail investment side of the business, but she also mentors other competitors and teaches classes for the CCIM and Realtor organizations. She has been president of both CCIM at the state and national levels (in 2002, as one of the only two females since its inception to be president nationally) and president in 2009 of the Florida Realtors with over 110,000 members. Shelton is currently director of investment sales, handling marketing/sales of single tenant net leased (NNN) properties and shopping centers mainly in central Florida. She is part of a team with Kane Morris-Webster. In April 2014, Shelton was presented with two awards from the Central Florida Commercial Association of Realtors for being in the Overall Top 10 Producers by Volume and Top Five Producers in Investment Sales. Shelton is one of the top senior instructors from the CCIM designation and works with National Association of Realtors as a liaison to the president in the public policy area.
CARRIE SMITH
Regional Managing Partner
Franklin Street
Jacksonville, FL
Only 32 years old, Smith already has an impressive CV on which to stand. Under her leadership, Franklin Street's Jacksonville office has registered an eye-popping 2,320% increase in revenue since 2010, when it was a staff of one. Smith eventually recruited six employees across multiple areas including investment sales and landlord representation. She also brought on the Franklin Street Management Services division to the North Florida office in 2012, providing management to more than 340,000 square feet of property throughout the northern part of the state. Smith currently oversees a portfolio of more than 3.3 million square feet in retail space. She specializes in retail tenant and landlord representation and has helped her retail team close more than $21.3 million worth of transactions since 2013.
AUDREY SOKOLOFF
Partner
Skadden, Arps, Slate, Meagher & Flom LLP
New York City
A true jet setter, Sokoloff has worked in Skadden's New York, London, San Francisco and Los Angeles offices before moving to Asia to serve as co-head of the Asia-Pacific practice, head of the Real Estate Group and leader of the Tokyo office. Under her leadership, Skadden was named “International Firm of the Year” for Japan by Chambers and “Real Estate Firm of the Year” by Asian Counsel. Sokoloff also is recognized for headline-making deals like the sale of the GM Building, one of Forum's 2013's Deals of the Year. Currently, Sokoloff counsels clients worldwide on real estate, finance and private equity. Her practice includes real estate private equity fund formations, joint ventures and investments in Asia, the Americas and Europe. She also serves on the firm's client engagement, compensation and diversity committees and runs its alumni program.
JANICE STANTON
Senior Managing Director
Cushman & Wakefield
New York City
In her role in investment strategies, Stanton is sought out by clients not only because they value her insights into where the market is going, but also because she will just as easily tell a major institution not to invest if the time is not right for what they are looking to accomplish. This intellectual honesty, while it may not result in corporate fees today, sets her apart from her competitors and ensures that C&W is a valued long-term partner to its clients. As the head of investment strategies for the capital markets group, of C&W, she is the primary touch point for foreign investors entering the US. Stanton has advised a sovereign wealth fund on the deployment of $7 billion in acquisitions over the next three to five years. She advised a global investor on deploying $2 billion across mature and emerging investment markets and helps sophisticated investors in navigating different business mores across major markets.
AMBER STRANG
Executive Managing Director
Transwestern
Dallas
Over the past two years, Strang transitioned from managing corporate accounts around the globe for JLL to overseeing Cushman & Wakefield's corporate occupier relationships across a 22-state region to leading Transwestern's national tenant advisory business, a role she assumed in September 2013. In addition to running the company's fastest-growing service line, she also was named the youngest member of Transwestern's Executive Committee and sits on the board of directors. Under Strang's guidance, the company's 300-plus tenant advisory professionals have come together to strengthen national relationships and win new business by demonstrating, through real-life examples, the unexpected value Transwestern delivers. Over the past 12 months, revenue for the service line has increased 17.4%. Strang has accomplished this while staying active in her community and giving back to the real estate organizations that have supported her professional development.
LAURA A. WALKER
Senior Vice President
Citibank
Stamford, CT
As an SVP of the specialized Financial Intermediaries Group within Citi Commercial Bank, Walker manages the group's largest commercial clients in the US. A 20-year veteran of Citi and a seven-time recipient of its “Circle of Excellence Award,” presented to Citi's best of the best in each job category nationally, she works with multiple investors, developers and consultants to deliver solutions nationally. As NYCREW president-elect, she oversaw the largest increase in the chapter's history in 2013, nearly doubling the membership of one of the CREW Network's highest-profile divisions. Now as NYCREW president and the New York chapter's delegate to the national organization, she continues bringing together professionals from all disciplines and sectors. Her influence extends far beyond her base in New York to a national presence. She serves on CREW's national finance committee and is one of five delegates nationally on its nominating committee.
LESLEY WAN
Corporate Real Estate Counsel
Lloyds Bank Plc
London
Recognized at the British Legal Awards when she won Legal Counsel in 2012, Wan's many achievements have made an imprint on the industry. She helped launch the Loan Market Association Facility Agreement for Real Estate Finance and continues to take a proactive lead in influencing industry standards. She is a judge for the First Women Awards 2014, which recognizes top female CEOs in the UK, and is a prolific speaker at industry events in the UK and worldwide. She was also featured in the Guardian in March 2014 as one of 10 influential women “Changing the Face of the City.” She is also an avid pioneer of CSR and diversity initiatives. Wan leads a team of 10 in-house lawyers—two of which have been identified as “Rising Stars” by the Legal 500 2014—together with the management of one of the largest legal panels across the UK, overseeing a huge volume of diverse and complex real estate transactions.
MAXINE WEBSTER
Executive Vice President
Chartres Lodging Group
San Francisco
Webster personally oversees more than $1 billion in hospitality assets, sits on the board of directors for the Hotel Asset Managers Association and is part of the formation of the Consumer Innovation Council. A Certified Hospitality Administrator, she also sits on Starwood's Sheraton Owner Advisory Council and is a founding member and Chair of the Chartres Lodging Group's philanthropic organization “No Reservations Giving,” having establishd the mission statement, board of directors, grant and volunteer programs. With 36 years in the business, three in her current position, Webster is responsible for overseeing the asset management, turnaround, renovation and repositioning of previously underperforming hotel assets with an ideal turnaround of three to five years. She has overseen many such turnarounds including Sheraton Dallas, Hyatt St Louis, Hyatt Place Waikiki and Inn of Chicago. Webster has successfully completed a portfolio refinancing of over $500 million in debt, marking the only US hotel loan originated in 2008 to be repaid in full in 2012, allowing the portfolio to realize further upside and repositioned for marketing in mid-2014.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.