R. Donahue Peebles,Chairman and CEO of The Peebles Corporation has been named to the Commercial Observer’s 2020 Power List 100 and graces the cover celebrating his achievement.
Of the 100 Power-Players Don Peebles is recognized as the highest ranked African-American Real Estate Titan in America today.
The Power 100 list, in its 13th year is a highly respected, annual compilation of Commercial Real Estate’s Most Powerful Players which recognizes Peebles as, “remaining one of the most prominent Black power brokers in real estate”. In addition, his focus on providing economic leadership to minority communities economically often leads to Don Peebles name being touted as a potential political leader in New York City.
The Peebles Corporation, founded in 1983 is a privately held national real estate investment and development company specializing in residential, hospitality, retail and mixed-use commercial properties. With a portfolio of active and completed developments valued in excess of $6 billion in the gateway cities of New York, Boston, Philadelphia, Washington D.C., Charlotte, Miami, San Francisco, and Los Angeles. Over the course of more than 35 years, The Peebles Corporation has developed high profile assets guided by the principles of Affirmative Development™ to help empower women and minorities and close the wealth gap.
The $500 million initiative launched recently by the Peebles Corporation aims to target investment in commercial and multi-family development projects in the $10-$70 million range where the developers are minority or woman-led. Says Don Peebles of the fund, “the issue of equal economic opportunity for African Americans has become more of a topic in the business community and as a result we’ve seen a significant interest in our concept, in our entire platform in fact, in terms of raising equity and providing equity to minority and women developers.”
As part of the celebration of this year’s Power 100 List, on September 15th, 2020 Commercial Observer will be hosting a live premium virtual gala, “Power Forward” in support of Power List participants charities. Don Peebles nominated one of the many charities he is associated with, The New York Mission Society and is auctioning several items including a speaking engagement regarding one of the signature differences of The Peebles Corporation that of their focus on diversity and engendering economic inclusion and engagement by minorities.