Daily Archives: February 1, 2016

Home Ownership

Posted on by NAWRB
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01 Feb

Featured in NAWRB Magazine (Vol 5: Issue 1)

The Future of our Communities Lies in our Mothers’ Hands

Posted on by nawrbBlogger
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01 Feb

The number of women rearing children by themselves in America has nearly tripled in the last 45 years, reaching a current estimate of 10 million single mothers in this country. The U.S. Census Bureau reports more than 1 in 4 families with children under the age of 18 are headed by a single parent and more than 3 out of 4 single parent families are headed by a female. Although women have made great economic strides in the last decade, studies show that they continue to be disproportionately impacted by poverty. Single mothers face serious economic challenges; they generally have lower incomes and higher living expenses for child care, healthcare and housing.  Continue reading →

Dottie Herman

Posted on by NAWRB
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01 Feb

President and CEO of Douglas Elliman Real Estate

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A self-described Cinderella story, Dottie Herman’s path to creating the fourth largest real estate company in the country is replete with hard work and determination. The President and CEO of Douglas Elliman chronicles her journey to success in one of America’s most ruthless cities, from hosting her weekly radio show to taking a $75 million loan she had no way of paying back.

NAWRB: How did you get to where you are today, head of one of the largest real-estate companies in America?

Dottie Herman: About 15 years ago, I was running a 40-office company on Long Island and the Hamptons. I saw the evolution of public companies and thought, “I’m not going to be able to compete with that without a partner.” My attorney then introduced me to Howard M. Lorber, who became my partner. Within a year, we were offered a substantial amount of money for the company.

I told Howard I didn’t want to sell. He asked me, “Are you crazy?” I said, “No, I really feel we should expand into the City because there are no companies from Manhattan to Montauk and I feel strongly about creating that.” He looked at me and said, “Well, I think that’s nuts, but if you really want to do this, and you really want to put it all on the table and open up in the City, then I’ll go along with you.”
Continue reading →