After more than two decades with Forest City Ratner Cos., Gilmartin co-founded L&L MAG, a development company with industry veterans David Levinson and Robert Lapidus of L&L Holding Co. As CEO of the New York City-based company, she is pursing opportunities across the commercial, residential, retail, entertainment and cultural sectors. Yes L&L MAG is not just another developer entering New York’s busy CRE real estate scene-it is also one of the first major development firms run by a female CEO in the US.
Yet that designation isn’t foreign to Gilmartin. As CEO of Forest City Ratner, managed a multimillion-square-foot portfolio and spearheaded some of the city’s most transformative projects, including the New York Times Building, New York by Gehry and Barclays center, the centerpiece of the $4.9-billion, 22-acre mixed-use Pacific Park Brooklyn development. Her many successes led the Real Estate Board of New York to award her with its prestigious Bernard H. Mendik Lifetime Leadership in Real Estate Award last year.
Gilmartin hopes to see more women enter the industry, which she says also needs greater disruption in the innovation economy. “This disruption needs to take place on the talent fronts.” We must “demand our industry be more inclusive, democratic and merit-based to ensure we look like the communities within which we invest and build.”