Press Release: Redwood City, CA – Lori Lochtefeld Awarded Business Woman of the Year Award
The Redwood City-San Mateo County Chamber of Commerce Business Woman of the Year Award co-sponsored with United American Bank, Redwood City will be awarded to Lori Lochtefeld. Lori is the Principal Operator for Redwood City’s Fox Theater, a Commercial Property Owner, and Real Estate Broker Associate with Sotheby’s.
Lori Lochtefeld is the youngest of five siblings and was the first in her family to graduate from college. She worked various jobs through college to support herself and pay for her tuition. After earning her Bachelor’s Degree from USC, Lori started her career in the financial services industry as a financial advisor at Morgan Stanley before joining Merrill Lynch. In 2007, she decided to leave the financial services world behind, and launch her own business when she created Lacewell Realty, only to do it again a year later by forming Lacewell Insurance — juggling two successful companies at once. To operate in these competitive industries, she earned a Series 7 license — a Commodities Selling license, a license to sell both Life and Health Insurance, a Real Estate Broker’s License, and a Public Notary license … just in case. In 2010 Lori, with her husband, purchased the historic Fox Theatre in Redwood City and shortly after, purchased the Golden State Theatre in Monterey. Most recently, Lori has transitioned back to real estate as a Real Estate Broker Associate with Sotheby’s.
Lori found the opportunity of a lifetime in 2010 to – in her words “save a community treasure”. The Fox Theatre was in foreclosure. Without any knowledge of how to run a theatre, but armed with a whole lot of marketing experience and a tremendous work ethic, she took the Fox Theatre from a foreclosed business to the exciting entertainment venue it has today.
As the co-owner, and now operator of the Fox Theatre, Lori raised the bar to attract significant leaders and sought after celebrities to our local entertainment venue. She was the first Redwood City business owner to bring a sitting U.S. President to the Fox for an event. She is likely to be the first African American female business owner from Redwood City to be invited to and attend the Inauguration and Inaugural Ball in D.C. as the guest of a sitting President. Lori hosted a Supreme Court Justice in Redwood City, perhaps the first time ever, when Sonia Sotomayor spoke at the Fox. Finally, Lori is the first business owner in Redwood City to host Oprah Winfrey for an event in Redwood City when she appeared at the movie screening of “Belief” in August 2015.
Since re-opening the Fox Theatre in September 2010, downtown Redwood City is now arguably the most happening entertainment mecca between San Francisco and San Jose having now hosted some of the coolest names in show business such as Merle Haggard, Chris Isaak, Joan Rivers, Boz Scaggs, just to name a few. Under Lori’s leadership, The Fox Theatre has been successfully booking its venue for over 100 public and private events per year, drawing over 100,000 patrons, and as a result, generating revenue for local restaurants and tax revenue for the city. Lori understands the value of performing arts and how it brings people together and becomes an economy builder. Simply put, Lori understands that, “people love to eat before they come to a show at the theatre!”.
Despite having sold the Fox Theater in February 2017, Lori remains committed to maintaining the operations of the theatre so that it may continue to deliver quality entertainment while contributing to the economic prosperity of Redwood City. Recently Lori was awarded the California Small Business of the Year for 2017, by Speaker Pro-Tem Kevin Mullin and the California State Legislature; a huge compliment to Lori’s commitment to running a successful business.
Lori’s influence in creating good things for the community extends to her non-profit work. She has donated her time to helping small businesses by providing free social media marketing trainings for Chamber members. Additionally, Lori was involved in the establishment of the Redwood City Improvement Association, a non profit organization voted on by ‘in district’ building owners, allowing themselves to be taxed so that these funds may be used to create a safe and vibrant downtown. Since it’s creation, she has been a hands-on RCIA District Identity & Signage Committee Chair, effectively promoting Redwood City’s booming downtown.
Lori has been a successful producer of multiple children’s musicals in the Fox Theatre, and she was the co-producer of the annual Silicon Valley Ball in Redwood City during its run. In 2012 The Peninsula Arts Council awarded Lori with their Diamond Award for bringing the performing arts back to the City of Redwood City. In 2016, Lori formed a 501c3 charity to help foster care children gain confidence and skills through a theatrical program. Her hope and goals for this theatre program, is to inspire excellence, motivate learning, uplift the human spirit, build confidence, and spark a lifelong appreciation for the arts, for kids who have grown up in unfortunate circumstances. Lori believes there is power and magic in the performing arts and wants to make that available to kids in need. She plans on utilizing the Fox Theatre in Redwood City to host the program, and expects the first program to take place in 2018.
She was the co-publisher of Climate Magazine until October of this year, contributing a monthly article on the real estate markets in Redwood City and San Carlos.
Lori continues to seek ways to educate herself so that she may use her knowledge to be the most effective businesswoman she can. She completed Stanford University’s Entrepreneurship Boot Camp this past year and has also taken various classes in graphic design, photography, lighting design and bartending to remain effective at every level, to ensure her companies are successful.
She will be presented the Business Woman of the Year Award at the Chamber’s Annual Awards and Recognition Dinner on Friday, January 26th, 2018, at the Pullman San Francisco Bay.