News: Spotlight Content

Queen of Brookfield discusses first job experience

Name: Sara Queen Title: Senior Vice President, Asset Manager Company Name: Brookfield Years in Commercial Real Estate: 20 years In the last 12 months, which project, transaction, honor or accomplishment are you most proud of and why? This year, I helped change retail in downtown Los Angeles with the opening of the revitalized FIGat7th. It had been a failing 330,000 sq. ft. three level (two levels below grade) retail center in the heart of the city. Working with a tremendous team, we re-envisioned the center to serve the growing residential population and make our nearby office buildings more attractive to tenants. We reconfigured a difficult site; "cleaned up" site lines; and upgraded the food court to a collection of chef-driven concepts. The retail offerings now include: City Target; Zara, H&M; Victoria's Secret, and Sports Chalet. The center's transformation was recognized with LA's BOMA Visionary Award. What were your biggest fears when you started out in your profession? After graduating from Wellesley, I joined MetLife. I wanted to join the Investments group, but they only took MBAs - except for Agriculture and Real Estate. Since I grew up in small-town Florida and did not want more agriculture experience, I joined real estate. This was in the midst of the real estate meltdown, where MetLife's portfolio grew significantly as a result of foreclosures. I worked for the head of real estate as his analyst; I wrote speeches, performed financial analysis, and prepared presentations. I was so busy and so "green" it never occurred to me to be intimidated by what was I doing. I knew next to nothing but I was inquisitive and wanted to learn. What was your first job and what did you learn from it? My first "paycheck" job was as the ticket/popcorn girl at the Searstown Twin in Titusville FL. I worked three+ nights a week making minimum wage. I learned the hallmarks of being a good employee: be on time; be helpful and how to deal with difficult co-workers/boss/customers. ; time management (getting homework done between shows); rule enforcement (carding for R movies); the importance of math (we had no cash register); and that perks can make a difference in your job (i.e. free movies can go a long way toward making up for sitting by yourself in a glass cube at the "bad" mall).
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
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
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”.
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
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