Developers, more so than any industry outside government, are responsible for the way the modern world looks. The biggest development firms in the U.S. between them construct hundreds of millions of square feet of new buildings a year. Millions of Americans live in the apartments they have built, work in the offices they have designed and shop at the retailers they agree to do business with. Companies like Trammell Crow, Hines, Tishman Speyer, CIM Group, Related Cos., Alliance Residential and Greystar are privately held, and they aren’t subject to the same level of scrutiny as their publicly traded peers. But these firms are hugely impactful on American life, and they are still run by a higher proportion of White men than other sectors of the commercial real estate industry. Read the full story here. |