Industry News

Ambition runs deep for New York realty exec

Real estate newsmaker: Dorothy 'Dottie' Herman

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Starting as a financial planner and part-time sales broker, Dorothy "Dottie" Herman today owns and directs a real estate empire that last year generated $200 million in revenues, and $6.5 billion in sales volume. With more than 56 offices stretching from Manhattan to Montauk, Prudential Douglas Elliman is recognized as one of the fastest growing full service residential real estate companies in the United States. Herman traces her relentless ambition back to a childhood tragedy. When she was 10 years old, her father was driving the family home from a ski vacation in Vermont in a snowstorm. He skidded on the ice, and Herman and her mother were thrown out of the car. Her mother was killed. Herman will speak at Real Estate Connect in New York City, Jan. 9-11. After the accident, Herman took care of her two younger siblings and her father, who almost lost his hand in the crash. "He just wasn't ever right," she says. "What I understood at an early age is, life isn't forever. In...