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Faith's new gig finds her getting to the art and soul of retail.


Despite having shifted from vice chairman at retail brokerage Garrick-Aug to chairman of Prudential Douglas Elliman's retail leasing and sales division only a few months ago, Faith Hope Consolo has managed to continue bagging leases in her usual style and without pause, an impressive feat considering the expanded breadth of responsibilities she has been charged with at her new gig.

Presiding pre·side  
intr.v. pre·sid·ed, pre·sid·ing, pre·sides
1. To hold the position of authority; act as chairperson or president.

2. To possess or exercise authority or control.

3.
 now over a team of more than 60 people who handle deals out of PDE's offices nationally, Consolo has been obliged o·blige  
v. o·bliged, o·blig·ing, o·blig·es

v.tr.
1. To constrain by physical, legal, social, or moral means.

2.
 to depart managerially from her days at Garrick-Aug where she focused mainly on leading just her own team of around six, all of whom worked as a cohesive unit in support of her deals. While she brought much of her team with her, now Consolo has become much more of a support person herself for many of the firm's brokers.

"I'm the closer on a lot of deals that the brokers here handle," she said. "'The way I help a lot of our business along is by coming in to really seal a transaction, which is one of my strengths, I feel."

This hasn't prevented her from closing a string of her own deals since taking the helm at PDE PDE Pennsylvania Department of Education
PDE Plug-In Development Environment
PDE Partial Differential Equation
PDE Phosphodiesterases
PDE Personal Digital Entertainment
PDE Pulse Detonation Engine
PDE Product Data Exchange
PDE Present-Day English
. Doing what she likes best, bringing elite and often relatively unknown fashion and luxury retailers in from abroad to the city's best and most competitive retail sections, like Fifth and Madison Avenues Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , Consolo has gained a reputation for her leasing creativity and ability to have her finger on the pulse of the next big thing in retail.

"Whether it's a Scandinavian furniture store or designer children's clothing, I am always trying to bring in new kinds of stores that I know can be popular and successful," Consolo said. "I am always taking trips to Europe and around the country looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 interesting ideas and stores. Those are my vacations, I go and see what's out there, it keeps reenergizing what I do and providing tons of ideas.

"I love bringing in new stores with concepts that really help make this city what it is in terms of its unique retail."

Consolo is being tapped more and more, she says, to assist developers who are constructing projects outside of her favorite jaunts--the gold crusted canyons of Madison and Fifth--to round up retailers in the hope that the right blend will spark a gradual metamorphosis metamorphosis (mĕt'əmôr`fəsĭs) [Gr.,=transformation], in zoology, term used to describe a form of development from egg to adult in which there is a series of distinct stages.  of the neighborhood in which they are building.

This type of work plays into not only Consolo's penchant for arranging interesting pastiches of retailers, but also her desire to find tenants who aren't simply the latest fashionistas or purveyors of perfumes and handbags.

One such deal of which she was particularly proud for its substance over style was the 30K s/f of space she leased in the glass sheathed sheath  
n. pl. sheaths
1.
a. A case for a blade, as of a sword.

b. Any of various similar coverings.

2.
 base of the IBM building IBM Building can refer to one of the following:
  • IBM Building, Johannesburg
  • IBM Building, Seattle
 to part of the Dahesh Museum The Dahesh Museum of Art is the only museum in the United States devoted to the collection and exhibition of European academic art. The collection originated with Lebanese writer, humanist, and philosopher Saleem Moussa Ashi (1909–1984), pen name Dr. Dahesh. , one of the biggest collectors of 19th and early 20th century European art. Visible from Consolo's office on Madison Avenue, the museum has had a palpably pal·pa·ble  
adj.
1. Capable of being handled, touched, or felt; tangible: "Anger rushed out in a palpable wave through his arms and legs" Herman Wouk.

2.
 positive effect on the neighborhood, which is already a prime stretch in midtown mid·town  
n.
A central portion of a city, between uptown and downtown.


midtown
Noun

US & Canad the centre of a town
.

Strangely enough, Consolo wondered if she would be doing many deals at all when she moved to PDE.

"Sometimes, when you change firms, especially when you go from a smaller firm to a bigger firm, your clients wonder if you're going to be able to dedicate the same amount of time to them that they're used to," Consolo said. "But I really lucked out, practically all of my clients stuck with me for the move."

Consolo was nervous enough about the transition however that she spent the weekend sandwiched between her Friday finish at Garrick-Aug and Monday start at PDE in the latter's offices working with her staff to ensure all their deals carried over.

Over three months later, she says they still haven't stopped working and have closed roughly a deal a week. Her fast pace has helped her settle into her lofty position, but the support and warmth of PDE president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Dottie Herman has also eased Consolo's transition into her more demanding role as manager and broker.

"The day I got to my desk here I found this," said Consolo brandishing a note written by Herman that welcomed her to the PDE family.

"I lost my parents very early in my life so being part of a family here is very important to me. Dottie is such a rare person, she's among the most energetic, hardworking and brilliant people I've ever met, but she's also got a heart of gold, she's such a warm person. It's great for me to have a peer like her, we've bonded very quickly."
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Title Annotation:Retail Sales & Leasing; Faith Hope Consolo
Author:Geiger, Daniel
Publication:Real Estate Weekly
Geographic Code:1USA
Date:May 18, 2005
Words:778
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