My good friend Taya Cook (of Urban Capital) and her development partner Sherry Larjani were featured in the New York Times today as a result of their Reina project and their remarkable efforts to gender balance the male-dominated commercial real estate industry. I am thrilled that their work is getting the attention that it deserves.
Here's an excerpt:
That’s because, despite progress in many other professional realms, women remain severely underrepresented in real estate development and investment, particularly in senior roles.
Women held just 4 percent of senior investment roles at major real estate firms, according to a widely circulated 2011 study, and their numbers have improved only “marginally” since, said the study’s author, Nori Gerardo Lietz, who is a senior lecturer at Harvard Business School and a longtime real estate investor.
My good friend Taya Cook (of Urban Capital) and her development partner Sherry Larjani were featured in the New York Times today as a result of their Reina project and their remarkable efforts to gender balance the male-dominated commercial real estate industry. I am thrilled that their work is getting the attention that it deserves.
Here's an excerpt:
That’s because, despite progress in many other professional realms, women remain severely underrepresented in real estate development and investment, particularly in senior roles.
Women held just 4 percent of senior investment roles at major real estate firms, according to a widely circulated 2011 study, and their numbers have improved only “marginally” since, said the study’s author, Nori Gerardo Lietz, who is a senior lecturer at Harvard Business School and a longtime real estate investor.
Ms. Lietz reviewed the senior ranks of 82 major real estate investment firms for the study, as well as many more private equity and venture capital firms, and found that women were noticeably absent from the most highly paid, “touch the money” jobs.
Real estate development has historically been, and unfortunately still is, a male dominated business. (The story of Florence Casler is, however, a great outlier.) If you want some empirical evidence for this, pay attention to the length of the line for the men's bathroom the next time you're at a real estate conference or event.
I have a friend visiting from Detroit this weekend. We went to architecture school together at Penn. But unlike me, he decided to become a full fledged architect.
Not surprisingly, he wants to see some new
Ms. Lietz reviewed the senior ranks of 82 major real estate investment firms for the study, as well as many more private equity and venture capital firms, and found that women were noticeably absent from the most highly paid, “touch the money” jobs.
Real estate development has historically been, and unfortunately still is, a male dominated business. (The story of Florence Casler is, however, a great outlier.) If you want some empirical evidence for this, pay attention to the length of the line for the men's bathroom the next time you're at a real estate conference or event.
I have a friend visiting from Detroit this weekend. We went to architecture school together at Penn. But unlike me, he decided to become a full fledged architect.
Not surprisingly, he wants to see some new
This needs to change. Which is why my good friend Taya Cook (of Urban Capital) has just announced, in partnership with Sherry Larjani (of Spotlight Development), the first all-female development project in Canada. It's called Reina and it's planned for a vacant site at 689 The Queensway, Toronto. Here is an excerpt from a recent RENX article:
“We’re embarking on this project to create more visibility for women in real estate development, and to inspire younger women to see career possibilities,” said Cook, the director of development at Urban Capital, in a release announcing the project. “It’s a huge industry and a massive economic driver for the region. For some reason it has been seriously lagging behind in gender equity.”
Two things are probably important to mention about the team and project.
Firstly, the women developing Reina are all leaders and key decision makers. This is important for the project's broader mission, but also because it will likely remove male biases from the design process. Everything from architecture to construction will be led by women and will incorporate a "female perspective." Secondly -- and this just makes the narrative even better -- the site used to house a strip club.
Congratulations Taya, Sherry, and the rest of the project team on a terrific development and initiative: "Condominiums designed by women. Developed by women. Built for everyone." Follow Reina on Instagram, here.
Toronto architecture while he’s here. I say new because he has seen the classics. So I mapped out a short bike route this morning. It’s more or less a downtown loop that starts in the St. Lawrence.
Next it is north to One Spadina Crescent – home of the Daniels Faculty of Architecture, Landscape, and Design. This is one of if not my favorite new building in the city right now.
After that I figure we’ll cruise east along the Bloor bike lanes and look up at 1 Bloor East. Then it is back south to check out the River City collection by Urban Capital (developer) and Saucier + Perrotte Architects (they are getting good face time on this tour).
Then we’ll do what every good new Toronto architecture bike tour should do and end with a drink on a rooftop patio somewhere. Maybe we’ll check out the Broadview Hotel. I like the neon in the lobby bar.
This needs to change. Which is why my good friend Taya Cook (of Urban Capital) has just announced, in partnership with Sherry Larjani (of Spotlight Development), the first all-female development project in Canada. It's called Reina and it's planned for a vacant site at 689 The Queensway, Toronto. Here is an excerpt from a recent RENX article:
“We’re embarking on this project to create more visibility for women in real estate development, and to inspire younger women to see career possibilities,” said Cook, the director of development at Urban Capital, in a release announcing the project. “It’s a huge industry and a massive economic driver for the region. For some reason it has been seriously lagging behind in gender equity.”
Two things are probably important to mention about the team and project.
Firstly, the women developing Reina are all leaders and key decision makers. This is important for the project's broader mission, but also because it will likely remove male biases from the design process. Everything from architecture to construction will be led by women and will incorporate a "female perspective." Secondly -- and this just makes the narrative even better -- the site used to house a strip club.
Congratulations Taya, Sherry, and the rest of the project team on a terrific development and initiative: "Condominiums designed by women. Developed by women. Built for everyone." Follow Reina on Instagram, here.
Toronto architecture while he’s here. I say new because he has seen the classics. So I mapped out a short bike route this morning. It’s more or less a downtown loop that starts in the St. Lawrence.
Next it is north to One Spadina Crescent – home of the Daniels Faculty of Architecture, Landscape, and Design. This is one of if not my favorite new building in the city right now.
After that I figure we’ll cruise east along the Bloor bike lanes and look up at 1 Bloor East. Then it is back south to check out the River City collection by Urban Capital (developer) and Saucier + Perrotte Architects (they are getting good face time on this tour).
Then we’ll do what every good new Toronto architecture bike tour should do and end with a drink on a rooftop patio somewhere. Maybe we’ll check out the Broadview Hotel. I like the neon in the lobby bar.
