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Related Companies, Oxford Properties Group and Mitsui Fudosan America, Inc. announce $3.8 billion capitalization of 50 Hudson Yards
Related Companies, Oxford Properties Group and Mitsui Fudosan America, Inc. today announced the closing of the $3.8 billion financing of 50 Hudson Yards, the development’s park-front, flagship office tower. Wells Fargo, Deutsche Bank, HSBC, Bank of China and Sumitomo Mitsui Banking Corporation…, 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 Oxford Properties Group:, Oxford Properties Group is one of the world’s premier real estate investment, development and management companies. Established in 1960, Oxford manages over $40 billion of real estate assets on behalf of its co-owners and investment partners, with a global portfolio spanning over 60 million square…, About Mitsui Fudosan America, Inc.:, Mitsui Fudosan America, Inc. (MFA) is a real estate investment and development company headquartered in New York City and is the U.S. subsidiary of Mitsui Fudosan Co., Ltd.—Japan’s largest publicly traded real estate company. MFA’s history in the United States dates back to the early 1970s. Since…
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Famed London restaurant Bluebird and Momofuku Noodle Bar to join Restaurant and Bar Collection at The Shops at Columbus Circle
The Shops at Columbus Circle proudly announces that an outpost of the famed Bluebird by D&D and a new location of Momofuku Noodle Bar will join the Restaurant and Bar Collection at Time Warner Center. Bluebird by D&D will open in the spring of next year with Momofuku Noodle Bar following in…
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WRI Ross Prize for Cities to celebrate urban transformation projects
Well over half of the world’s population lives in cities, and more than two thirds will do so by the middle of this century. This trend will bring new possibilities as well as risks: cities can be drivers of opportunity, creativity and growth—or lead to more waste, pollution and suffering. The…, About World Resources Institute:, WRI is a global research organization that spans more than 50 countries, with offices in the United States, Brazil, China, India, Indonesia, Mexico and more. Our more than 700 experts and staff work closely with leaders to turn big ideas into action at the nexus of environment, economic opportunity…, About WRI Ross Center for Sustainable Cities:, WRI Ross Center for Sustainable Cities helps create accessible, equitable, healthy and resilient urban areas for people, businesses and the environment to thrive. Together with partners, it enables connected, compact and coordinated cities. The Center expands the transport and urban development…, About Stephen Ross:, Stephen M. Ross is the chairman and founder of Related Companies, the owner of the Miami Dolphins and a passionate philanthropist. Related has developed preeminent mixed-use projects including Time Warner Center in New York and CityPlace in West Palm Beach and is currently developing the 28-acre…
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rhubarb to open first international locations at Hudson Yards New York
London’s premium hospitality group rhubarb today announced that it will open two restaurants and an extraordinary event space at Hudson Yards, a new neighborhood rising on Manhattan’s West Side. This will be the first international location for the revered London hospitality group. Both venues will…, About rhubarb:, rhubarb is a distinguished food designer, high society event caterer and restaurant operator in the U.K. rhubarb’s portfolio includes a number of well-known restaurants in London including Sky Garden, Gallery Mess, CODA and Verdi Italian Kitchen in the Royal Albert Hall, Heathrow T3 and T5, London…
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Related Companies announces plans for continued evolution of CityPlace as dynamic downtown destination
Today, Related Urban President and CEO Kenneth A. Himmel announced plans for the continued reimagination of CityPlace into a vibrant downtown district to a crowded room of business owners and community partners as the keynote speaker for an event hosted by the Palm Beach Chamber of Commerce. Himmel…, 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…
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10 Hudson Yards designated LEED Platinum
Hudson Yards developers Related Companies and Oxford Properties Group today announced that 10 Hudson Yards, its first commercial office building to open, has received LEED Platinum certification, making it the first commercial office building in New York to receive such a rating since the LEED…, The Hudson Yards neighborhood:, The Hudson Yards neighborhood was designed to be a model for the 21st century urban experience—an unprecedented mix of buildings, streets, parks, utilities and public spaces that will combine to form a connected, responsive, clean, reliable and efficient neighborhood: Hudson Yards will have a…, 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 Oxford Properties Group:, Oxford Properties Group is one of the world’s premier real estate investment, development and management companies. Established in 1960, Oxford manages over $40 billion of real estate assets on behalf of its co-owners and investment partners, with a global portfolio spanning over 60 million square…
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Forty Five Ten announces inaugural New York store at Hudson Yards
Forty Five Ten, the Dallas-based luxury boutique brand, announces its New York City debut with a location in Manhattan's Hudson Yards slated to open in March 2019. "There's nothing more thrilling to me than finding new talent and undiscovered gems, and showcasing them in a way only…, About Forty Five Ten:, Playfully disregarding the status quo, Dallas-born boutique brand Forty Five Ten heralds the new, the emerging, the rare and the unusual. With an inherent curiosity, Forty Five Ten presents luxury collections by iconic designers in women's, men's, home and beauty, Forty Five Ten caters to…, About Hudson Yards:, Hudson Yards, developed by Related Companies and Oxford Properties Group, is an entirely new neighborhood on Manhattan's West Side. Comprised of more than 18 million square feet of mixed-use development, Hudson Yards will include over 100 shops and signature restaurants by Thomas Keller, José…
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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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