National real estate development and construction services provider The McShane Companies announced that its Board of Directors has appointed Molly McShane as Chief Executive Officer effective October 1, 2020. Ms. McShane previously held the position of Chief Operating Officer.
āDuring this time of transformation, there is no better person to lead The McShane Companies than Molly,ā said Jim McShane, company Founder and Chairman of the Board. āMolly is a proven leader with a clear business vision and the ability to bring people together. Her vision for growth and diversification is exactly what The McShane Companies needs as we enter our next chapter.ā
Since joining the company in 2002, McShaneĀ has spearheaded strategic initiatives across its portfolio of services, notably its expansion into new geographic markets and a conscious effort to create a diverse workplace. During her tenure as Chief Operating Officer, the organization posted record growth. (The McShane Companies posted $1.3 billion in construction revenues in 2019 and ranked #41 among Contractors in Building Design+Construction'sĀ 2020 Giants 400 rankings.)Ā Before serving as COO, Molly was Chief Investment Officer ā and the first woman to rise to the C-suite leadership level in the firmās history.
āIt is a privilege to be part of an organization that delivers high-quality services and innovative solutions to the best clients. We are committed to developing the most talented professionals into leaders, and we will do our part to improve and give back to the communities in which we operate,ā said McShane. āIĀ am committed to upholding the principles of ethics and service that have gotten us to where we are today.ā
McShane was named NAIOP Chicagoās first female President in 2018. She was also a founding co-chair of WLI Chicagoās executive board.Ā Crainās Chicago Business has included her on itsĀ lists of Notable Women in Construction and Notable Women in Commercial Real Estate. She was also named to GlobeSt.ās Women of Influence Hall of Fame and received Connect Mediaās Women in Real Estate Award.
McShaneĀ received an undergraduate degree in marketing from Boston College and an MBA from Northwestern Universityās Kellogg School of Management.
Ā
Related Stories
University Buildings | Jan 27, 2023
Ozarks Technical Community College's advanced manufacturing center is first-of-a-kind in region
The new Robert W. Plaster Center for Advanced Manufacturing at Ozarks Technical Community College in Springfield, Mo., is a first-of-a-kind educational asset in the region. The 125,000-sf facility will educate and train a new generation in high tech, clean manufacturing and fabrication.
Mass Timber | Jan 27, 2023
How to set up your next mass timber construction project for success
XL Construction co-founder Dave Beck shares important preconstruction steps for designing and building mass timber buildings.
Sports and Recreational Facilities | Jan 26, 2023
Miamiās motorsport ācountry clubā to build sleek events center
Designed by renowned Italian design firm Pininfarina and with Revuelta as architect, The Event Campus at The Concours Club will be the first and only motorsport-based event campus located within minutes of a major metro area.
K-12 Schools | Jan 25, 2023
As gun incidents grow, schools have beefed up security significantly in recent years
Recently released federal data shows that U.S. schools have significantly raised security measures in recent years.Ā About two-thirds of public schools now control access to school groundsānot just the buildingāup from about half in the 2017-18 school year.Ā
AEC Tech Innovation | Jan 24, 2023
ConTech investment weathered last yearās shaky economy
Investment in construction technology (ConTech) hit $5.38 billion last year (less than a 1% falloff compared to 2021) from 228 deals, according to CEMEX Venturesā estimates. The firm announced its top 50 construction technology startups of 2023.
Sports and Recreational Facilities | Jan 24, 2023
Nashville boasts the largest soccer-specific stadium in the U.S. and CanadaĀ
At 30,105 seats and 530,000 sf, GEODIS Park, which opened in 2022, is the largest soccer-specific stadium in the U.S. and Canada. Created by design firms Populous and HASTINGS in collaboration with the Metro Nashville Sports Authority, GEODIS Park serves as the home of the Nashville Soccer Club as well as a venue for performances and events.
Concrete | Jan 24, 2023
Researchers investigate ancient Roman concrete to make durable, lower carbon mortar
Researchers have turned to an ancient Roman concrete recipe to develop more durable concrete that lasts for centuries and can potentially reduce the carbon impact of the built environment.
Architects | Jan 23, 2023
PSMJ report: The fedās wrecking ball is hitting the private construction sector
Inflation may be starting to show some signs of cooling, but the Fed isnāt backing down anytime soon and the impact is becoming more noticeable in the architecture, engineering, and construction (A/E/C) space. The overall A/E/C outlook continues a downward trend and this is driven largely by the freefall happening in key private-sector markets.
Multifamily Housing | Jan 23, 2023
Long Beach, Calif., office tower converted to market rate multifamily housing
A project to convert an underperforming mid-century office tower in Long Beach, Calif., created badly needed market rate housing with a significantly lowered carbon footprint. The adaptive reuse project, composed of 203,177 sf including parking, created 106 apartment units out of a Class B office building that had been vacant for about 10 years.
Hotel Facilities | Jan 23, 2023
U.S. hotel construction pipeline up 14% to close out 2022
At the end of 2022ās fourth quarter, the U.S. construction pipeline was up 14% by projects and 12% by rooms year-over-year, according to Lodging Econometrics.
