Commercial Property Executive December 2013 : Page 27

Rising Leader of the Year Toby Bozzuto, President, The Bozzuto Group Toby Bozzuto’s rising star in the multi-family industry was recog-nized in August when he was named to the national advisory board of the Urban Land Institute’s Terwilliger Center for Housing. Earlier this year, he was promoted to president of the company co-found-ed in 1988 by his father, company CEO Thomas Bozzuto. In his newest role, the younger Bozzuto runs the day-to-day op-erations of the company’s six divisions and 1,300 employees. He oversees a development pipeline encompassing more than 5,000 units in the Mid-Atlantic and Northeast. In the past two years, the company has started construction of $650 million worth of projects, comprising more than 2,500 units. Recently, Bozzuto has been fi nding Metropolitan Washington, D.C., fertile ground. Notable project starts this year have included The Esplanade, the fi rst rental apartment community at National Harbor, a 350-acre mixed-use complex planned by the Peterson Cos. in Prince Georges County, Md. In September, Bozzuto and Denver-based MGL Group began construction on The Frasier, a $75 mil-lion, 249-unit project in Alexandria, Va. In the depths of the recession three years ago, Bozzuto teamed with Pritz-ker Realty Group to form a $150 million equity fund. “We recognized this as a contrarian play—that it was a good time to fi nd development opportunities when others were on the sidelines,” Bozzuto told CPE earlier this year. A graduate of Colgate University and New York University’s mas-ter’s program in real estate development, Bozzuto served apprentice-ships in the real estate capital markets with Columbia National Real Estate Finance L.L.C. and JPMorgan Chase before starting his career at Bozzuto Group in 2001. tovoltaic panels make Via Verde at least 30 percent more energy effi cient than a standard multi-family property of comparable size. Earlier this year, Rose completed Paseo Verde, a $47 million sustainable multi-family development in North Philadelphia. Together with community development organization Asociacion de Puertorriquenos en Marcha, Rose built 120 market-rate and affordable units in a distressed community. Of note, it is the fi rst project in Philadelphia to earn LEED certifi cation under the U.S. Green Building Council’s new neighborhood development program. Diversity Executive of the Year Hugh Allen , Mid-Atlantic Division Manager of Middle Market Real Estate, Wells Fargo; Board Member, Global Diversity Summit Hugh Allen’s leadership extends well beyond his day job managing a team of lenders serving middle-market clients in Virginia and the Caro-linas. As a board member of the Global Diversity Summit, he helps direct one of the largest education and networking events of its kind. Launched in 2006, the national conference draws upward of 500 com-mercial real estate professionals annually. Allen, who earned his undergraduate business degree at the Uni-versity of Texas and his MBA at Duke, is instrumental in the Sum-mit’s scholarship program, which enables promising students to attend and discuss career opportunities with prospective employers. For this year’s event, held on Nov. 6 and 7 in Miami, GDS provided scholarships to 22 students, can-didates for MBAs or master’s degrees in real estate. At Wells Fargo, Allen is active in the bank’s Diversity and Engagement Council, and encourages colleagues to participate in diversity initiatives. He was a founder of the African American Real Estate Professionals in the 1990s and has served as its president. In the Charlotte area, Allen co-founded BP Basketball Inc., a nonprofi t that teaches life skills to children through basketball. He is also a board member of the Arts Empowerment Project, a two-year-old organization that connects Charlotte-area arts organizations with children who have experienced violence, trauma or brushes with the law. Female Leader of the Year MaryAnne Gilmartin , President & CEO, Forest City Ratner Cos. Veteran developer MaryAnne Gilmartin is placing her stamp on the New York City skyline. During a 19-year career with Forest City Ratner Cos., she has led the development of some of the region’s most challenging, highest-profi le projects. In April, her achievements culminated in her appointment as successor to Bruce Ratner, who CPExecutive.com | December 2013 27

Previous Page  Next Page


Publication List
Using a screen reader? Click Here