LA Power Women: 5 Questions With Majestic Realty's Reon Roski
This limited series profiles SoCal Power Women who have helped shape cities, neighborhoods, businesses and lifestyles in Southern California. These women will be honored at Bisnow's Los Angeles Power Women event Dec. 12.
For Reon Roski, her work in commercial real estate is about continuing a legacy.
Roski is the granddaughter of Majestic Realty Co.'s founder, the late Edward P. Roski Sr., and the daughter of current Chairman and CEO Edward P. Roski Jr.
Founded in 1948 by Roski Sr. in Los Angeles, Majestic Realty has grown to become one of the largest privately owned real estate developers in the nation, with about 84M SF of projects in the U.S. Roski Jr. is also a minority owner of the Los Angeles Kings and Los Angeles Lakers.
Reon Roski serves as the company's managing director, a role she has held since 2007. She has also been a board member at Majestic since 1997.
Reon Roski, a University of Southern California and Loyola Law School graduate, is responsible for overseeing the company's day-to-day operations and looking for deals to grow the company's portfolio.
Just as her grandfather passed on the family business to her father, Reon Roski said she hopes to do the same with her children.
Bisnow: Who are you and what do you do?
Roski: I am managing director and board member at Majestic Realty Co. I am the third generation to be involved in our family company. Majestic is the largest privately held developer and owner of master-planned business parks in the United States. I run the day-to-day operations along with my father and look forward to one day doing the same with my children.
Bisnow: What is the most challenging part of your job? The most rewarding?
Roski: The most challenging part of my job is knowing when the time is right to stop pursuing a deal, especially when there has been a lot of time invested. The most rewarding is seeing a project through from beginning to end: planned, developed and leased. I love the process and take great pride in the finished result.
Bisnow: How have you seen companies change the way they address wage and gender inequality in recent years?
Roski: Real estate is a wonderful industry for women, and I am happy to see more and more women getting involved in this predominantly male industry. I have seen many companies be more creative, flexible and supportive to help women juggle work and family. As a mom myself of four children, I know the difficulties women face in this field. Real estate allows for a great balance between the two.
Bisnow: What do you enjoy most about living and doing business in Los Angeles?
Roski: I love my roots. My family has been in Los Angeles for 100 years. I enjoy continuing the friendships and business relations that my grandparents and parents have established through the years. I enjoy being with the friends I have grown up with in the area and making connections with new and inspiring people. I enjoy an active lifestyle and Los Angeles provides an abundance of recreational activities to keep me energized. I can’t imagine living anywhere else!
Bisnow: What are you most excited about, professionally, as we head into 2020?
Roski: I am excited about our continued growth in real estate and the challenges of developing bigger, more complex projects. I love to learn about new technologies, developments and strategies and how we can incorporate them into our projects at Majestic.