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Mayor de Blasio, Borough President Katz and Council Member Moya announce city will go all affordable at first phase of Willets Point
Mayor Bill de Blasio, Borough President Melinda Katz and Council Member Francisco Moya today announced an agreement to jumpstart construction of 1,100 affordable apartments on six acres of Willets Point—an increase of 225 affordable homes over the original development proposal. The new homes will…
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Corvex and Related announce board slate to be nominated at special meeting of CommonWealth REIT shareholders
Corvex Management LP ("Corvex") and Related Fund Management, LLC ("Related"), whose separately managed investment funds collectively own approximately 9.6% of the outstanding shares of CommonWealth REIT (NYSE:CWH), today announced that they intend to nominate a slate of five…, Additional Information on the Nominees:, James Corl:, James Corl has been a managing director at Siguler Guff & Company since 2009, and is the head of real estate. Mr. Corl oversees the firm's real estate investment activities, setting investment strategy, designing and constructing the portfolio, identifying potential investments and…, Edward Glickman:, Edward Glickman is the executive director of the Center for Real Estate Finance Research and Clinical Professor of Finance at New York University Stern School of Business, and has been a professor at the Stern School of Business since 2006. Mr. Glickman is also currently the executive chairman of…, Peter Linneman:, From 1979 to 2011, Dr. Linneman was a Professor of Real Estate, Finance and Public Policy at the University of Pennsylvania, Wharton School of Business and is currently an Emeritus Albert Sussman Professor of Real Estate there. Dr. Linneman is currently a principal of Linneman Associates, a real…, Jim Lozier:, im Lozier served as co-founder and CEO of Archon Group L.P. from its formation in 1996 until 2012. Archon, a wholly owned subsidiary of Goldman Sachs, is a diversified international real estate services and advisory company that under Mr. Lozier's leadership managed 36,000 assets with a gross…, Kenneth Shea:, Kenneth Shea is the president of Coastal Capital Management LLC, an affiliate of Coastal Development, LLC, a New York-based privately-held developer of resort destinations, luxury hotels and casino gaming facilities. Prior to joining Coastal in September 2009, from July 2008 to August 2009, Mr.…, Additional Information Regarding the Solicitation: , Corvex Management LP and Related Fund Management, LLC have filed a preliminary solicitation statement with the Securities and Exchange Commission (the "SEC") to (1) solicit consents to remove the entire board of trustees of CommonWealth REIT (the "Removal Proposal"), and (2)…, About Corvex Management LP:, Corvex Management LP is an investment firm headquartered in New York, New York that engages in value-based investing across the capital structure in situations with identifiable catalysts. Corvex was founded in March 2011 and follows an opportunistic approach to investing with a specific focus on…, About Related Fund Management LLC:, Related Fund Management, LLC is an affiliate of Related Companies, one of the most prominent privately-owned real estate firms in the United States. Formed 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development,…
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Related Companies names Jennifer Tuhy chief financial officer of Hudson Yards
Related Companies, one of the nation's leading private real estate development firms, today announced that Jennifer Tuhy has been named chief financial officer of Hudson Yards. In this role, Jennifer will be a part of the executive team on the historic 28-acre development, responsible for…, About Related:, Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…, About Hudson Yards:, Hudson Yards is the largest private real estate development in the history of the United States and the largest development in New York City since Rockefeller Center. The 28-acre site will include more than 17 million square feet of commercial and residential space, more than 100 shops and…
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Prep for Prep announces 2016 Lilac Ball Honoree Jeff T. Blau of Related Companies
Prep for Prep is pleased to announce Jeff T. Blau, CEO of Related Companies, as its Lilac Ball Honoree for 2016. The Lilac Ball is Prep for Prep's signature annual fundraising and student graduation event, which will be held on Monday, June 13th at the Waldorf Astoria New York. Jeff T. Blau is…, About Prep for Prep:, Prep for Prep is an educational leadership development program that prepares and places New York City's most able students of color into independent schools and provides them with ongoing support and life-changing opportunities. 91% of Prep's college graduates earned their degrees from…
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Fast Company names Related Companies one of the "50 Most Innovative Companies" in the world
Related Companies has been named by Fast Company as one of the world's "50 Most Innovative Companies of 2017"—an annual list that honors leading innovators that demonstrate the best in business and impactful creation. Fast Company compiles the list by surveying thousands of…, About Related:, Founded more than 40 years ago, Related Companies is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, fund management, marketing and sales. The Company has $50 billion of real estate assets owned or…, About Fast Company:, Fast Company is the world's leading progressive business media brand with a unique editorial focus on innovation in technology, ethical economics, leadership and design. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, one of the U.S.'s leading media…
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Amenities grow at Hunter's Point South with introduction of organic urban farm and apiary created in partnership with GrowNYC
Hunter's Point South will officially spring to life this week as residents begin settling into their apartments and more than 13,000 honeybees get to work pollinating the new residential community's organic garden. Created in partnership with GrowNYC, which is considered the…, About Related:, Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…, About GrowNYC:, GrowNYC is an environmental nonprofit organization and the sustainability resource for New Yorkers, providing free tools and services anyone can use in order to improve our City and environment through four program areas: " Greenmarket: Through their network of farmers markets, Youthmarkets,…
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Related Companies and Hudson Companies announce launch of leasing at Riverwalk Point
Related Companies and Hudson Companies announce the launch of leasing at Riverwalk Point, the seventh addition to the Riverwalk neighborhood on Roosevelt Island, an island oasis with convenient access to midtown Manhattan. With exceptional skyline and water views, gracious layouts and five-star…, About Related:, Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…, About Hudson:, Hudson is a fully integrated developer, construction manager and property management firm based in New York City. The firm is an award-winning residential developer with three asset classes: Market-Rate, Affordable Housing, and Institutional/Workforce. Highlights of Hudson's 5,400 units…
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Jeffrey I. Brodsky named Vice Chairman of Related Companies
Related Companies today announced that Jeffrey I. Brodsky has been promoted to the role of vice chairman. In this new role, Mr. Brodsky will work closely with Related's executive team to optimize business development and drive improved performance and results, across the platform and…, About Related:, Related Companies is the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales…
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