B
oston Real Estate Times honored the Outstanding Women of Commercial Real Estate of 2025 at its annual awards gala in Burlington, Massachusetts. Massachusetts State Auditor Diana DiZoglio served as Chief Guest and Keynote Speaker.
The honorees were celebrated for their leadership, innovation, and commitment to excellence in commercial real estate. Here are the outstanding women listed alphabetically:
Elizabeth Berthelette, Head of Northeast Research at Newmark, has nearly two decades of experience leading research teams and driving growth in the sector.
Kimberly Burkert, CEO of Bala Consulting Engineers, is a passionate advocate for women in AEC fields and has risen through the ranks to become one of the nation's top female CEOs.
CREW Boston has been advancing women in commercial real estate since 1982, offering valuable opportunities for growth, development, and networking to its over 600 members.
Kate Crosby oversees investment processes at The Davis Companies, ensuring fund valuations, reporting, and portfolio strategy align with strategic goals. Jackie Flanigan manages complex projects at Annum Architects, balancing design excellence with technical requirements.
Joanna Hilvert leads environmental initiatives at BioMed Realty, focusing on redevelopment and sustainability. Rose Liu is a key member of Colliers' US Capital Markets Analytics Group, specializing in financial analytics and transactions totaling over $1 billion.
Shannon McCarthy directs marketing efforts at Timberline Construction, shaping the firm's brand strategy and public image. Jo-Ann Marzullo is a real estate attorney with 35 years of experience, instrumental in shaping policies and safeguarding property rights.
Fran Noval manages large-scale projects at Gensler's Boston office, demonstrating her innovative approach and organizational success. Alison Rundlett manages legal aspects of transactions at Bain Capital Real Estate, contributing to the firm's growth and consistency.
Jennifer Schultz leads the National Permitting & Land Use Practice at Nixon Peabody, building long-term relationships with clients and navigating complex projects. Lynn Tokarczyk is a leader in government tax incentives and economic development, securing over $300 million in tax savings for Massachusetts companies.
"These outstanding women are shaping the future of commercial real estate," said Upendra Mishra, publisher of the Boston Real Estate Times.
