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.
“During this time of transformation, there is no better person to lead The McShane Companies than Molly,” said Jim McShane, company Founder and Chairman of the Board. “Molly 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.”
Since joining the company in 2002, McShane 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's 2020 Giants 400 rankings.) Before serving as COO, Molly was Chief Investment Officer – and the first woman to rise to the C-suite leadership level in the firm’s history.
“It 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,” said McShane. “I am committed to upholding the principles of ethics and service that have gotten us to where we are today.”
McShane was named NAIOP Chicago’s first female President in 2018. She was also a founding co-chair of WLI Chicago’s executive board. Crain’s Chicago Business has included her on its lists of Notable Women in Construction and Notable Women in Commercial Real Estate. She was also named to GlobeSt.’s Women of Influence Hall of Fame and received Connect Media’s Women in Real Estate Award.
McShane received an undergraduate degree in marketing from Boston College and an MBA from Northwestern University’s Kellogg School of Management.
Related Stories
Urban Planning | Jul 28, 2022
A former military base becomes a substation with public amenities
On the site of a former military base in the Hunters Point neighborhood of San Francisco, a new three-story substation will house critical electrical infrastructure to replace an existing substation across the street.
Hotel Facilities | Jul 28, 2022
As travel returns, U.S. hotel construction pipeline growth follows
According to the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. construction pipeline stands at 5,220 projects/621,268 rooms at the close of 2022’s second quarter, up 9% Year-Over-Year (YOY) by projects and 4% YOY by rooms.
Codes and Standards | Jul 27, 2022
Biden administration proposes drastic flood insurance reform
The Biden administration’s proposed major overhaul to the National Flood Insurance Program, or NFIP, would drastically alter how Americans protect homes and businesses against flooding.
Concrete | Jul 26, 2022
Consortium to set standards and create markets for low-carbon concrete
A consortium of construction firms, property developers, and building engineers have pledged to drive down the carbon emissions of concrete.
Green | Jul 26, 2022
Climate tech startup BlocPower looks to electrify, decarbonize the nation's buildings
The New York-based climate technology company electrifies and decarbonizes buildings—more than 1,200 of them so far.
Education Facilities | Jul 26, 2022
Malibu High School gets a new building that balances environment with education
In Malibu, Calif., a city known for beaches, surf, and sun, HMC Architects wanted to give Malibu High School a new building that harmonizes environment and education.
| Jul 26, 2022
Better design with a “brain break”
During the design process, there aren’t necessarily opportunities to implement “brain breaks,” brief moments to take a purposeful pause from the task at hand and refocus before returning to work.
Building Team | Jul 25, 2022
First Ismaili Center in the U.S. combines Islamic design with Texas influences
Construction has begun on the first Ismaili Center in the U.S. in Houston.
Codes and Standards | Jul 22, 2022
Office developers aim for zero carbon without offsets
As companies reassess their office needs in the wake of the pandemic, a new arms race to deliver net zero carbon space without the need for offsets is taking place in London, according to a recent Bloomberg report.
Codes and Standards | Jul 22, 2022
Hurricane-resistant construction may be greatly undervalued
New research led by an MIT graduate student at the school’s Concrete Sustainability Hub suggests that the value of buildings constructed to resist wind damage in hurricanes may be significantly underestimated.
