News: Spotlight Content

2019 Ones to Watch: Julia Rocco, Kimco Realty

Name: Julia Rocco

Title: Senior Director of Asset Management

Company Name: Kimco Realty

Year that you entered your current field? 2004

List up to three CRE organizations that you are currently a member of: CREW New York, ICSC and NY Building Congress (just joined)

Who or what do you attribute to your success? 

I attribute my success to having a learning mindset. I’m curious about everything in real estate and have worked in many different facets of the industry from acquisitions to commercial mortgage backed securities. My broad experience has helped me establish a big picture perspective. I assist the executive management team with outlining Kimco’s strategic operating/ investment plan as well as monitor action items vital to attaining our corporate objectives. The overarching aim of asset management is to maximize the revenue potential of our assets while preserving equity interest, minimizing risks, improving operational effectiveness and building a competitive advantage over peers. 

What was your favorite thing to do as a kid? 

My favorite things to do when I was a kid was to play with Lego blocks and draw. The subject matter was always a house. My parents encouraged me to pursue a career in architecture, but I hated physics and engineering which are prerequisites in the field. I didn’t realize it then, but I gravitated more towards design which manifested from my love of art. 

What advice can you offer to someone who is interested in a career in your industry? 

After learning the fundamentals, network. It’s cliché but it’s a relationship driven business after all. Also, ensure that you volunteer for challenging projects that will help you develop the deep technical skills necessary to establish credibility and gain the respect of others. That’s the key to discovering career advancement opportunities. For seasoned professionals, I would add that understanding workflows and strategic planning are both critical success factors. One of my primary responsibilities is quarterbacking Kimco’s $1 billion development/redevelopment pipeline and I have acquired a great appreciation for understanding long lead times, managing contingencies and resolving bottlenecks to overcome obstacles. 

What do you consider to be your greatest professional accomplishment in the past 12 months? 

My greatest accomplishment within the past 12 months has been completing the Program for Leadership Development at Harvard Business School (HBS). It’s an alternative MBA program designed to equip managers with a deep understanding of core business operations and skills for leading high performing teams through innovation/ change. HBS emphasizes the case study method of learning where professional growth is accelerated through case preparation and discussions among diverse groups of executives. I now have a clear action plan aligning my personal and professional goals, which motivated me to join CREWNY and led to joining the board of directors as secretary.

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.