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Industry figure Alice Connell passes away

by Andrea Waitrovich

Alice Connellhas passed from a brain tumor at the age of 70 on February 24. She started her career in commercial real estate at a time where few women worked in the industry.

During her nearly 40 years of service leading the commercial mortgage lending practice and real estate equity group at TIAA-CREF, she developed the company’s private equity portfolio and helped construct the first strategic plan for its commercial debt portfolio.

In addition, she was a leading member of ULI. Connell joined ULI in 1991, and she remained as a 20-year member of the Urban Development/Mixed-Use Council, a founding member of ULI’s Women’s Leadership Initiative, and a three-term ULI trustee. She served on ULI’s audit committee and the Women’s Leadership Initiative Steering Committee, and she chaired the District Council Chairmen’s Advisory Group. At the local level, she chaired ULI New York from 1999-2001, and she served as on ULI New York’s Women’s Leadership Initiative

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