Related Companies, one of the largest private real estate developers in the country, has been named to Inc. magazine's list of the 5,000 fastest growing private companies in America. The inaugural 2007 Inc. 5,000 list measures revenue growth from 2003 through 2006. In this time, Related Companies has significantly increased its market share and continues to position itself for future growth through such marquee developments as Grand Avenue in downtown Los Angeles, CityNorth in Phoenix and Moynihan Station in New York City.
Related recently acquired Virgin Megastores North America and this past year acquired Equinox(R) Fitness Clubs, further expanding the company's capabilities into the health and fitness arena and enhancing the value of its properties by incorporating an exclusive, branded amenity into the lifestyle offering. The company is also the largest shareholder in Centerline, the leading financier of affordable housing in the country.
"It is an honor to be recognized as one of Inc.'s 5,000 fastest growing private companies, and I'm very proud of our dedicated employees who are responsible for our continued growth and success," said Related Companies President Jeff T. Blau. "This recognition is truly indicative of what Related Companies represents - entrepreneurial spirit, outstanding capabilities, diligence, and a commitment to excellence."
"The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy - the entrepreneurial part," said Inc. 5,000 Project Manager Jim Melloan. The Inc. 5,000, an extension of Inc. magazine's annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms. Taken as a whole, these companies represent the backbone of the U.S. economy. The 2007 Inc. 5,000 list measures revenue growth from 2003 through 2006.
About Related Companies: Heralded as one of the most prolific and visionary developers in the country, Related Companies was formed over thirty-five years ago. Today Related is considered the most prominent privately owned real estate development firm in the United States, headquartered in New York City with divisions in development, acquisitions, property management, marketing and sales. In 2004, Related completed the development of New York City's newest landmark, Time Warner Center. Related has offices and major developments in Miami, Los Angeles, San Francisco, Chicago and Boston and boasts a team of more than 2,000 professionals. To date, Related has real estate assets worth over $15 billion with another $9 billion currently in development. In Los Angeles, Related is expanding its portfolio with The Century, a super-luxury condominium in Century City and the Frank Gehry-designed Grand Avenue development, situated directly across from the beloved Walt Disney Concert Hall, which will include luxury residences, retail, notable restaurants and a world class hotel. Related is staunchly committed to sustainable design with over $6 billion in green development underway or completed. The firm developed one of the first green residential buildings in the nation, Tribeca Green in Battery Park City, New York and Chicago's first green residential building, 340 on the Park.
Related is currently developing eight new LEED-certified residential buildings, The Brompton, The Harrison, and Superior Ink in New York City, The Clarendon in Boston, The Century in Los Angeles, The Village in Santa Monica, Canyon Ranch Living and The Peshtigo in Chicago as well as Bronx Terminal Market, a one million square foot retail development in Bronx, New York. Related serves on the board of directors of the World Resources Institute. Related recently acquired Virgin Megastores North America and this past year, Related acquired Equinox(R) Fitness Clubs, further expanding the company's capabilities into the health and fitness arena and enhancing the value of its properties by incorporating an exclusive, branded amenity into the lifestyle offering. The company is also the largest shareholder in Centerline, the leading financier of affordable housing in the country. For more information about Related Companies please visit www.related.com.
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