Manager Administrative Assistant
Resume:
MONICA JEAN CONNOLLY
Cos Cob, CT 06807
E-mail: ***********@***.***
EXPERIENCE:
Newmark Grubb Knight Frank
Managing Director, Asset Manager
New York, NY March 2007 – Present
Asset Manager for a highly leveraged third-party portfolio consisting of over 3,000,000
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square feet of Class A office buildings in Manhattan and a mall under a Special Servicer in
Long Island. Manage the lease administration, accounts receivables, tenant relations, work
closely with the Senior Portfolio Manager and the Building Manager in interpreting lease
clauses and in resolving tenant issues, and work with the Building Ownership and legal in
drafting new leases and amendments.
Responsible for managing the accounts receivable for 500-512 Seventh Avenue, a 1.2
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million square foot office building in the garment district. Successfully brought the
delinquency down, therefore limiting the number of ownership capital calls for this highly
leveraged asset.
Worked very closely with leasing, property management, building management, and legal
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in the negotiations for the two School Construction Authority leases at 26 Broadway, the
32BJ lease at 620 Avenue of the Americas, the G-III extension and expansion at 512
Seventh Avenue and various smaller leases on a daily basis.
Asset Manager for The Source Mall in Westbury, NY for the special servicer, LNR. The
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Source Mall is a retail mall in receivership formerly owned by Simon Properties.
Responsible for the sales reporting, percentage rent calculations, and the lease
administration
Assisted in the estoppel process for the sale of 620 Avenue of the Americas to RXR Realty.
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Vornado Realty Trust
Supervisor, New York and Washington, DC Office
Paramus, NJ November 2003 – March 2007
Supervised five lease administrators for the Washington, DC and New York City office
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building portfolios on two different computer systems (J.D. Edwards and IBS)
Review the abstracts for each lease or lease amendment for correct term, billing,
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expense participation, and abstract lease wording
Review the right-of-first-offer and renewal option database for accuracy
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Review the monthly rent roll, stacking, and lease administration reports for accuracy
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Work closely with IT in programming reports, software upgrades, software integration,
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and problem resolution including the CAD database, the stacking report database, and
various iterations of IBS
Review the commission calculations
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Fill in and/or help the lease administrators during busy periods and vacations
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Developed procedures and trained new staff on new portfolio (Charles E. Smith – the
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Washington, DC properties) on computer system new to the company (J.D. Edwards)
Monica Connolly
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Vornado Realty Trust
Senior Lease Administrator
New York, NY May 2001 – November 2003
Dissect complicated existing leases for the Leasing Department
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Translate the intent of complicated Leases to the NJ lease administrators
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Lease Administrator for the New York City portfolio
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Train new lease administrators in the New Jersey office
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Part of the team who redeveloped the lease abstract into a database with the information
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flowing into other software programs
Vornado Realty Trust
Lease Administrator
Saddle Brook/Paramus NJ November 1997 – May 2001
Analyzed new office leases and amendments for the office and retail portfolio
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Set up new leasing activity by creating the tenant account with the correct
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commencement date, rent commencement date, rent charges, rent step ups, and
expiration dates
Abstract lease wording in a very detailed format
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Responsible for maintaining the stacking and expiration reports
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Respond to inquiries for lease interpretation and the reconciliation of tenant accounts
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Commission calculations
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Analyzed, set up tenant accounts, and abstract leases for new building acquisitions
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while maintaining/inputting lease activity for existing buildings
Hill International
Financial Analyst
Washington, DC October 1996 – November 1997
Representative of Hill International to the General Services Administration (G.S.A.) as
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a contractor during the Federal Government hiring freeze
Preparation of the G.S.A. rent expense budgets between GSA and the Landlord, rent
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income budgets between G.S.A. and different federal agencies, and Tenant
Improvement allowance budgets for the leases between GSA and the federal agencies.
Quarterly budget forecasts and variance analysis for the rent expense, rent income, and
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Tenant Improvement allowance budgets
Cost/benefit analysis of lease buyouts for GSA during a time of government
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consolidation and budget constraints.
Monica Connolly
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Hill International
Analyst October 1995 – October 1996
Representative of Hill International to the General Services Administration (G.S.A.) as
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a contractor during the Federal Government hiring freeze
Reconciled the CPI escalations for the GSA leases in the Washington, DC which were
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missed or not done over a period of several years
Reconciled the real estate tax escalations for the GSA leases in the Washington, DC
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region. Due to a Washington, DC tax rollback, all real estate tax escalations over a three
year period had to be recalculated
Berkshire Group
Property Accountant
Silver Spring, MD May 1990 to October 1995
Responsible for the accounts receivable and accounts payable for 1,119 unit apartment
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complex
Post rent payments to the tenant accounts and contact delinquent tenants
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Manage expenses through a purchase order system
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Prepared the annual property budget
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Prepared monthly variance reports
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Smithy Braedon
Administrative Assistant
Fairfax, VA January 1988 to May 1990
MAJOR ACCOMPLISHMENTS AT VORNADO
The sole lease administrator entering the leasing information for Vornado during the period
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of 2008-2009, the peak of leasing activity for New York City.
Lease Administrator for the Bloomberg Lease at 731 Lexington Avenue. Responsible for
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the interpretation, follow up, and acting intermediary between leasing and property
management for the 700,000+ sq. ft. lease for a building under construction.
Worked closely with various departments at Vornado to develop the systematic flow of
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information from IBS to create the stacking report, and the floor plan program. Both
systems reflect the rent and additional rent as well as lease options.
Transitioned the Charles E. Smith portfolio lease administration from Washington, DC to
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Paramus, NJ under an accounting system that was new to Vornado.
MAJOR ACCOMPLISHMENTS AT NEWMARK
Asset Manager for 500-512 Seventh Avenue, a highly leveraged Building with a difficult
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tenancy.
Maintain positive relationships with internal corporate departments and ownerships with
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different goals.
EDUCATION
- University of Baltimore, Baltimore, Maryland
Master of Science in Finance, 1995
- Loyola College, Baltimore, Maryland
Bachelor of Business Administration, 1987
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