News
Heading Home Scores $610K
May 10, 2011
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| We did our best to capture 650 developers, designers, brokers, investors, builders, financiers, tenants, and others filling a function room at 60 State St Thursday evening to support the non-profit Heading Home. In a display of CRE heart, the crowd helped raise $610k, exceeding Heading Home's goal of $400k. ?We're out of the recession,? The Beal Cos? Robert Bea l happily proclaimed. The non-profit provides shelter, permanent housing, education, financial training, and job search assistance. The $25k principal underwriters for the event: Adage Capital Management, Cushman & Wakefield, The Davis Cos, and Granite Telecommunications. Also worth noting, 20 local restaurants donated food that made the crowd even happier. |
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| Rosaura Estevez with her son Manuel Flores, 14, who spoke movingly about how Heading Home helped his mother ?smile again.? With guidance from Heading Home's Alex Guzman, Rosaura found housing and a job. ?She now has hope,? says Manuel. ?We don't have to go through this alone.? Indeed, even after people find permanent housing, take ESL courses, other training, and land a job, Heading Home mentors them for five more years to help people stay on track. Co-chairs for Thursday?s event were Robert Beal and Cushman & Wakefield's Rob Griffin. Lead fund-raisers included HFF?s John Fowler, CBRE's Andy Hoar, and EOP?s Andy Maher. |
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| We ran into CBRE Retail?s Howard Grossman who tells us that his team is in active discussions with anchor retailers about taking space at the $1.6B New Quincy Center. Intending to rebuild the 50-acre city center, developer White Plains, NY-based Street Works plans to build 3.5M SF of new space including 625k SF of retail, 1,200 condos and rental apartments, two hotels, parking for 5,500 vehicles, and 1.5M SF of offices for higher education, healthcare, professionals, and businesses. By early next year, Street Works hopes to have LOIs for 100k SF of large format retail. |
