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Mayor Bloomberg joins building owners, union leader to launch green buildings program

Mayor Michael Bloomberg joined Realty Advisory Board President Jim Berg and 32BJ President Mike Fishman today in launching an ambitious green buildings program to train one thousand superintendents and resident managers in one year in the latest energy efficient practices. The launch of One Year,…
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Related Companies enters into joint venture on 111 West Wacker Drive, firm to redevelop property as luxury rental building

Related Companies today announced that it has entered into a joint venture agreement with Clark Wacker LLC on a development site at 111 West Wacker Drive in Chicago, Illinois. Related plans to redevelop the property as an approximately 500-unit luxury rental complex that will include on-site…
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Related Companies announces closing of $825 million distressed real estate fund — fund closure is latest milestone in Related's multi-pronged fund management strategy

Related Companies, one of the nation’s most prolific real estate development and investment firms, today announced the final closing of the Related Real Estate Recovery Fund with equity commitments of $825 million. The distressed asset fund’s target of $750 million was exceeded due to high investor…
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Related Companies sets new standards for green construction, Manhattan mixed-use development receives LEED Gold Certification for environmental standards

Related Companies today announced that MiMA, its 63-story mixed-use glass tower in the heart of Midtown Manhattan, has been awarded LEED Gold certification by the U.S. Green Building Council. The 1.2 million square foot tower featuring MiMA rentals and the boutique ultra-luxury rentals One MiMA…
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Related Companies names Jeff T. Blau Chief Executive Officer, Bruce A. Beal, Jr. President and Kenneth P. Wong Chief Operating Officer and Director of International Development, Stephen M. Ross to continue current role as Executive Chairman

Related Companies Executive Chairman Stephen M. Ross today announced that Jeff T. Blau has been named Chief Executive Officer of Related Companies, Bruce A. Beal, Jr. named President of Related Companies and Kenneth P. Wong named Chief Operating Officer and Director of International Development of…
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Related Midwest resumes construction of 111 West Wacker Drive

Re-Imagined to become Chicago’s Premier Luxury Residential Tower 60-story Building Represents Visible Recovery of Real Estate Market CHICAGO – Today, Alderman Brendan Reilly of the 42nd Ward and Commissioner Andrew J. Mooney, of the Chicago Department of Housing and Economic Development joined…
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Corvex and Related announce ownership of 9.8% of CommonWealth REIT (CWH)

Corvex Management, LP (“Corvex”) and Related Fund Management, LLC (“Related”) announced today that investment funds managed by them collectively own approximately 9.8% of the outstanding common shares of CommonWealth REIT (“CWH” or the “Company”). Corvex and Related believe that CWH’s portfolio of…
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Related Companies names John R. S. Jacobsson Executive Vice President

Related Companies today announced that John R. S. Jacobsson has been named Executive Vice President. In this newly created position, Mr. Jacobsson will be a member of the senior management team, pursuing new investment and business opportunities and sustaining and building upon Related Companies’…
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