News: Front Section

Celebrating Juneteenth, Cruz Companies recommits to community service & stewardship

Shown (from left) are: John B Cruz lll and Justin Cruz

Boston, MA One of the country’s oldest and largest Black-owned construction and real estate enterprises, Cruz Companies, has announced its support and involvement in a range of regional initiatives and community activities on the occasion of Juneteenth.

Honoring the end of slavery in the United States and celebrating culture, history and pride for Black communities across the country, Cruz Companies is marking Juneteenth by adding to its legacy of core business initiatives that drive action and change by advancing diversity across the real estate and construction industries. Cruz Companies also commemorates Juneteenth 2023 with an expanded commitment to heritage organizations and local advocacy groups, highlighting the tremendous contributions of Black-led organizations and enterprises.

“Juneteenth offers a meaningful and memorable occasion to reaffirm our beliefs about real estate development and construction for the advancement of housing, betterment of communities, and mentorship of tomorrow’s leaders,” said Justin Cruz, chief operating officer of Cruz Companies. “Investments in new housing, from Massachusetts to Maryland, should provide economic opportunities for the people in every community,” he adds, including:

• Increasing affordable housing offerings.

• Creating opportunity for area residents and other minority businesses.

• Making cities and towns more sustainable through economic development.

Through Cruz CARES, the Cruz Companies social responsibility arm, the organization has also elevated a range of new commitments for 2023 in honor of Juneteenth. They include sponsoring the annual Juneteenth Celebration at Franklin Park – also known as the Roxbury Homecoming, which has been celebrated since 1996. The Saturday, June 17 open-air event draws thousands of residents and visitors for barbecue, music and dancing, and reminiscing about decades of history in Roxbury, the neighborhood often called “the heart of Black culture in Boston.”

Other area programs slated for Cruz CARES in 2023 include a resident Thanksgiving dinner at a Cruz property for seniors, the 41-unit Sarah Baker Manor Apartments, and distribution of holiday turkey and ham gift bags at two other affordable housing locations, the Wayne at Franklin Hill apartments and the Taurus Apartments, the latter hailed as a model development multiple times since it was built over 50 years ago.

Cruz CARES stands for Community, Arts, Recreational and Educational Services, and the 501(c)(3) nonprofit organization has a mission of helping urban communities throughout the region. Since its inception, Cruz CARES has hosted after-school programs, summer camps, college scholarships, resident field trips and a youth holiday celebration. Programs slated for Cruz CARES in 2023 include an annual bike/swim event on Martha’s Vineyard, a back-to-school backpack giveaway, and a 5K run and walk-a-thon fundraiser in October.

Emphasizing the heritage of Cruz Companies’ founders, who were first-generation emigrants from the Cape Verde Islands, the firm’s executives also support a number of community organizations and events including the Cape Verdean Association in New Bedford and the Annual Cape Verdean Independence Day Festival.

As for Cruz Companies, including its construction, management and development businesses, the firm is recognized widely for its support of other minority business enterprises.

“In all our work, we believe in contributing to better business ecosystems that break down the structural obstacles today’s Black business owners continue to face today,” says John Cruz III, CEO of Cruz Companies. “On Juneteenth, we take this occasion as an opportunity to reflect and to restate our enduring commitment to community-focused businesses, which allow for wealth creation for those enterprises as well as for the many people who work with them.”

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.