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Penthouse 1 at The Clarendon in Back Bay sells for $6.5 million
Related Companies and The Beal Companies announced today that Penthouse 1 at The Clarendon has been sold, signaling another significant marker of success for the property. The 3,500-square-foot residence achieved a record breaking price of $1,834 per square foot for a luxury new construction high-…, About Related Companies, 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 The Beal Companies, The Beal Companies is a full service real estate firm actively pursuing investment opportunities in all segments of the real estate industry. Since 1888, the Beal family has built an enviable reputation with projects and advisory services not only in Boston, but also throughout the United States.…
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The Clarendon in Back Bay achieves 100% sold out milestone
Related Beal announced today that The Clarendon’s highly sought-after residences are 100 percent sold, signaling the most significant marker of success for the property and its renowned development team. This major accomplishment designates The Clarendon as the first luxury new construction high-…, About Related Beal, : Related Beal is a partnership between Related Companies, one of the nation’s most prolific real estate development and investment firms, and The Beal Companies, LLP, one of Boston’s most prestigious real estate development and investment firms founded in 1878. Related Beal is a fully-integrated…
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Related Rentals announces launch of leasing for luxury rentals at The Arlington
Related Rentals announced today the launch of leasing at The Arlington, a historic Boston landmark reimagined as the most exciting luxury rental residences in the city. A joint venture between Related Companies, the developer behind the neighboring One Back Bay and The Clarendon, and The Congress…, About Related:, Founded 40 years ago, Related Companies is a fully-integrated, highly diversified real estate industry leader with experience in virtually every aspect of development, acquisitions, management, finance, fund management, marketing and sales. Related Companies’ existing portfolio of real estate…, About The Congress Group:, The Congress Group has successfully developed over 6.5 million square feet of real estate valued at over $1.5 billion, establishing us as one of the leading commercial real estate investment firms in the country. www.congressgroup.com
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Related acquires 3,000-unit apartment portfolio in Midland and Odessa, Texas, capitalizing on opportunity to deliver institutional-quality management and multi-family rentals
Related Companies today announced that the Related Real Estate Recovery Fund has acquired a portfolio of 21 multi-family apartment properties, including approximately 3,000 apartment units in Midland and Odessa, Texas. Related expects to improve the portfolio by implementing institutional-quality…, About the Related Real Estate Recovery Fund:, The Related Real Estate Recovery Fund closed in January 2012 after raising $825 million in equity commitments – exceeding its $750 million target. It was among the largest U.S. real estate vehicles raised in 2012. Fund investments include diverse properties across the real estate spectrum such as:…, 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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Related Beal appoints John 'Ted' Lubitz vice president
Related Beal, a fully integrated real estate firm focused on development and investment opportunities in Boston, announced today it has appointed John “Ted” Lubitz as vice president. Working with both Related Beal and Related Affordable, Lubitz will endeavor to maximize affordable housing…, About Related Beal:, Related Beal is a fully-integrated real estate firm focused on development and investment opportunities in Boston and the surrounding region. Related Beal leverages Related Companies’ international real estate platform with expertise across all assets classes and The Beal Companies’ storied local…, About Related Affordable:, Related Affordable develops, acquires and preserves affordable housing throughout the nation. In the area of acquisitions and refinancing, the company pursues properties that meet one of the following criteria: Section 8 properties with project-based contracts; Section 236 properties in need of…
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W Hotels Worldwide and Related announce launch of sales of The Residences at W Fort Lauderdale and renovation of W Fort Lauderdale
W Hotels Worldwide, part of Starwood Hotels and Resorts Worldwide, Inc. (NYSE: HOT), and storied developers Related Companies and The Related Group today announced comprehensive renovation plans for W Fort Lauderdale and The Residences at W Fort Lauderdale. Related will reimagine 147 luxury…, About W Hotels:, Worldwide W Hotels is a contemporary, design-led luxury lifestyle brand and the industry innovator with 46 hotels and retreats, including 17 W-branded residences, in the most vibrant cities and exotic destinations around the world. Inspiring, iconic, innovative and influential, W Hotels provides…, 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 The Related Group:, Established in 1979, The Related Group is Florida's leading developer of sophisticated metropolitan living and one of the country's largest real estate conglomerates. Its innovative residential developments, that reach cross-market sectors, have dramatically altered South Florida's…
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Related Beal closes on Parcel 1B and finalizes financing for affordable and workforce development in downtown Boston
Related Beal, a fully integrated real estate firm focused on development and investment opportunities in Boston and its surrounding areas, announced today that it has closed on its financing and has entered into a 99-year land lease with the Commonwealth of Massachusetts for Parcel 1B in the…, About Related Beal:, Related Beal is a fully integrated real estate firm focused on development and investment opportunities in Boston and the surrounding region. Related Beal leverages a national real estate platform with expertise across all asset classes and storied local experience in life sciences, commercial and…
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Related Companies makes a groundbreaking strategic investment in Pocket to greatly expand for-sale affordable housing in London
Pocket, the leading developer of homes for first-time buyers in London, today announced a landmark deal with Related Companies, one of the largest owners and developers of affordable housing in the U.S. Related’s strategic investment in Pocket, acquiring a 50% stake in the company, marks the first…, About Pocket:, Pocket’s business model is to build affordable housing, without direct public subsidy, sold outright to buyers at a discount to the local market of at least 20%. In 2013, the GLA awarded Pocket a 10 year loan worth £21.7 million (recently increased to £26.4 million) from the Mayor’s Housing…, 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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