Women In Commercial Real Estate Speak Out On Industry’s Increased Diversity, Room For Improvement

Credit: Daniel Hertzberg

Faith Hope Consolo omits names but doesn’t mince words when she describes her visits to Real Estate Board of New York meetings in the late 1980s.

“I once walked into a Stores Committee conference. Back then it was this little club. And some bozo—I won’t say who—said, ‘What are you doing here? Why don’t you try residential real estate?’” said Ms. Consolo, chairman of the retail group at Douglas Elliman.

Rosemary Scanlon, dean of NYU’s Schack Institute of Real Estate, recalls some incredulous replies when she told people she was an economist. “They’d look at me and—in all seriousness—say ‘Oh, home economics. You must be a good cook,’” said Ms. Scanlon.

Upon hearing that Jennifer Carey, president of the Association of Real Estate Women and JLC Environmental Consultants, had majored in biology in college, “people all assumed I was a nurse,” said Ms. Carey. Read More

Cover Story

We Are OK: New Technology and Existing Resources Are Allowing Sandy’s Victims to Avoid Subleasing


On Thursday, Nov. 1, Virgo Business Centers made 27,321 square feet of temporary, furnished office space available at 14 Penn Plaza. Companies displaced by Hurricane Sandy filed in one by one, and by the following Thursday, the space was full.

“Typically, that process takes about a year,” said Pasha Erkin, director of sales at the company. “It’s all about readiness. You could literally bring me 40 people today, and I could have the space ready tomorrow. All you have to do is walk in, flip on a switch, plug in and start working.”

In that building alone, the company took on 177 employees from displaced companies like Coronet, amfAR, Linda Decorato, Ambrose and others located on the eastern tip of Downtown and other areas hit hard by the hurricane. Read More