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Related California and Deutsche Bank announce closing of $458.5 million construction financing for 1500 Mission Street
Related California and Deutsche Bank today announced they’ve closed on California’s largest-ever construction financing with tax-exempt bonds, totaling $316.8 million, to finance construction costs for its new development at 1500 Mission Street. The tax-exempt bonds will be purchased by Deutsche…, About Related California:, Related California, the West Coast affiliate of Related Companies, is a fully integrated real estate firm that develops multifamily residential and mixed-use properties in California. Since 1989, Related California has undertaken a range of transformational developments from best in class luxury…, 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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San Francisco Mayor London Breed and city officials celebrate topping out of new city building at 49 Van Ness
Mayor London N. Breed today joined City officials for the topping out ceremony of the new civic office building at 49 South Van Ness Avenue, marking the completion of the building’s steel frame. The new building will have office space for approximately 1,800 City employees from several departments…
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Stephen M. Ross announces $100 million gift to launch construction of the Detroit Center for Innovation
Initial phase — will include the University of Michigan’s 190,000-square-foot anchor academic building, incubator and startup services, housing and hotel and conference center — expected to begin construction in 2021 Located on the former Wayne County Jail site in downtown Detroit, and made…, About University of Michigan:, One of the nation's top public universities, the University of Michigan has been a leader in research, learning, and teaching for more than 200 years. U-M's alumni body is one of the largest in the world and includes a U.S. president, scientists, actors, astronauts, business leaders and…, About Stephen M. Ross:, Stephen M. Ross is the Chairman and Founder of Related Companies, the largest private real estate developer in the United States and the largest private owner of affordable housing, Owner of the Miami Dolphins and a devoted philanthropist. Mr. Ross has always sought opportunities to give back in…, About Bedrock:, Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing…
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Stephen Ross donates another $100m to UM
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New $300 million U-M research and education center to anchor 14-acre Detroit Center for Innovation in the heart of Detroit
Multi-building Detroit Center for Innovation to include 190,000-square-foot academic building operated by University of Michigan U-M academic building to serve 1,000 graduate and senior-level undergraduate students pursuing advanced degrees in high-tech innovation industries, to be financially…, Creating a Pipeline of World-Class Talent, While the U-M academic center will provide instruction at the downtown Detroit Center for Innovation, degrees and certificates will be awarded by the Ann Arbor campus. It is designed to serve U-M or other students in the last year of their undergraduate program, as well as people seeking graduate…, Expansion of U-M’s Impact in Detroit, The new downtown center is part of the University of Michigan’s growing footprint in and around Detroit including its nearby U-M-Dearborn campus, the Detroit Center on Woodward, a “cradle to career” P-20 collaboration with the Detroit Public Schools Community District at Marygrove College in…, A Local Center for Detroiters and Students From Around the World, In 2018, Bedrock announced that it acquired the Gratiot site from Wayne County after agreeing to build a new $533 million criminal justice center near Detroit’s Midtown neighborhood. Since acquiring the site, Bedrock demolished the half-built jail structure and is currently using the site to…, About University of Michigan:, One of the nation's top public universities, the University of Michigan has been a leader in research, learning and teaching for more than 200 years. U-M's alumni body is one of the largest in the world and includes a U.S. president, scientists, actors, astronauts, business leaders and…, About Stephen M. Ross:, Stephen M. Ross is the chairman and founder of Related Companies, the largest private owner of affordable housing, Owner of the Miami Dolphins and a devoted philanthropist. Mr. Ross has always sought opportunities to give back in meaningful ways. His philanthropic efforts have broadly focused on…, About Bedrock, :, Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing…
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To help revive downtown, Detroit looks beyond a failed jail
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Billionaire Stephen Ross says new Innovation Center will keep talent from leaving Detroit
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Related California named Developer of the Year by San Francisco Business Times
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