San Francisco, CA, April 19, 2017 --(PR.com
)-- The Commercial Real Estate Alliance for Tomorrow’s Employees (CREATE) has named Shorenstein Company as this year’s honoree for CREATE’s May 18, 2017 gala. CREATE underwrites an education and training program, the centerpiece of which is a partnership between San Francisco State University and commercial real estate companies. The program is developing a pipeline of new talent for commercial property employers. The workforce development initiative provides paid summer internships, mentoring with executives at commercial real estate companies, a Commercial Real Estate (CRE) Certificate Program at SFSU, and placement in well-paying careers in the CRE industry.
“For seven decades, Shorenstein Company has been a civic, cultural, and philanthropic leader in our community. As a builder, owner, and manager of some of San Francisco’s most iconic structures, they know the value of well-trained operational personnel, as their support of CREATE’s workforce training program demonstrates,” says Marc Intermaggio, Executive Director & CEO of BOMA San Francisco Foundation and EVP of BOMA San Francisco. “We’re pleased to honor Shorenstein at CREATE’s 2017 Gala.”
CREATE’s mission is to address a talent drought in the industry. CREATE is working to make careers in CRE a career of choice – not chance. Since inception of the CRE Certificate Program with SFSU, 52 students have earned their CRE Certificate and 34 students have successfully completed internship programs with a majority finding full-time employment in industry positions.
Shorenstein, among many of its peers in the industry, has been a beneficiary of the CREATE program. “We have enjoyed mentoring students and currently have two full-time employed program graduates. We encourage you to join us at this year’s gala and help support this very important program. You will have the opportunity to meet some of the graduates at the event and see for yourself the quality of the talent pool and how they’ve benefited from this program,” says Glenn Shannon, vice chairman at Shorenstein Properties. “We also extend a warm thank you to program supporters, NAIOP, BOMA, and IREM, as well as this year’s signature and legacy sponsors, Hathaway Dinwiddie and Kilroy Realty Corporation.”
Information about this year’s benefit event:
CREATE 3rd Annual Gala
May 18, 2017
The Bently Reserve
301 Battery Street, San Francisco
Tickets are available at creategala2017.eventbrite.com
About Shorenstein Properties LLC
Founded in 1924, Shorenstein Properties LLC is a privately-owned, real estate firm active nationally in the ownership and management of high-quality office properties, with offices in San Francisco and New York. Starting in 1992, Shorenstein has sponsored eleven closed-end investment funds with total equity commitments of $7.9 billion, of which Shorenstein committed $648.5 million. Shorenstein uses its integrated investment and operating capabilities to take advantage of those opportunities which, at the particular time in the investment cycle, offer the most attractive risk-adjusted returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. These funds have invested in properties totaling 63.2 million square feet in transactions with a gross investment value in excess of $14.9 billion.