NAIOP Massachusetts announced today that Related Beal has been selected to receive their 2018 Distinguished Real Estate Award for achievements in real estate, charitable activities and community betterment. The award will be presented by HFF Senior Director Kerry Hawkins at NAIOP’s Annual Awards Gala on Thursday, November 15, 2018 at the Westin Copley Hotel in Boston.
“Related Beal is leading some the city’s most transformative developments, and we are proud to honor them with this year’s 2018 Distinguished Real Estate Award,” said David Begelfer, CEO of NAIOP Massachusetts. “They are not only reshaping key neighborhoods in Boston, but also bettering them through dedicated commitment to enhancing the community.”
A fully integrated real estate firm focused on development opportunities in and around the city, Related Beal is the Boston office of nationally-renowned Related Companies and builds on the legacy of The Beal Companies. The firm is a leader throughout a wide spectrum of sectors that includes residential, commercial, hospitality and life sciences development, property management and investment. Related Beal has become a driving force in Boston’s real estate market, transforming historic neighborhoods and reshaping key sections of the city, including North Station, Beacon Hill, Post Office Square, South End, Kenmore Square and Seaport District.
“We are honored that NAIOP has chosen Related Beal for this year’s award and to be in such distinguished company,” said Kimberly Sherman Stamler, president of Related Beal. “We are thrilled to be contributing to the vitality and economic prosperity of this great city and our community and extremely proud that our efforts have created new jobs and much-needed affordable housing opportunities.”
Related Beal developed and opened The Beverly, Boston’s first 100 percent workforce and affordable housing development in 25 years; revitalized the historic Lovejoy Wharf and introduced new luxury waterfront condominiums; launched the transformation of a nine-building parcel at the heart of Kenmore Square; secured two major innovative tenants to fill Congress Square, which will revitalize a key block between Government Center and Post Office Square; secured approval to develop a new hotel at the former John Jeffries House on Charles Street in Beacon Hill; topped off construction at iSQ and acquired 451 D Street, both instrumental to the Seaport’s growing life science hub; and began construction at the former Quinzani bakery in the South End on Harrison Avenue, bringing a mix of luxury and much-needed affordable housing to the neighborhood. Related Beal is also dedicated to giving back to the communities in which they live and work.
In April and May, employees from across the firm partnered with the Boston Public Schools' Dearborn STEM Academy to launch a pilot program consisting of interactive career workshops for an eighth grade class. The workshops focused on the topics of real estate development and planning, design and construction and accounting and property management. More than 15 staff members presented on their roles, their careers and skill sets needed for the job. This month, Related staff will spend four days volunteering with Habitat for Humanity to build a new family home in Dorchester. The firm has also long supported The Rose Fitzgerald Kennedy Greenway and other important organizations in the city.
NAIOP Massachusetts, the Commercial Real Estate Development Association, represents the interests of companies involved with the development, ownership, management and financing of commercial properties. NAIOP’s 1,650 members are involved with more than 240 million square feet of office, research & development, industrial, mixed use, retail and institutional space and over 50,000 apartment units in the Commonwealth, valued at $40+ billion. In addition to providing outstanding education and networking opportunities, NAIOP advances the interests of the industry and advocates for effective public policy. For more information, visit www.naiopma.org.
About Related Beal:
Related Beal is a fully integrated real estate firm focused on development opportunities in Boston and its surrounding areas. Related Beal leverages a national real estate platform with expertise across all asset classes and storied local experience in residential, commercial, hospitality and life sciences development, property management and investment. Related Beal has developed, and is undertaking the development of, some of the most recognized buildings in the area including The Clarendon, One Back Bay, the Quinzani Bakery site, Converse’s new world headquarters at Lovejoy Wharf and Congress Square. For more information on Related Beal, please visit www.relatedbeal.com.