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Mayor Bloomberg, MTA officials and local leaders take first ride on 7 Subway Train Extension
Mayor Michael R. Bloomberg, MTA officials and other local leaders today took the first ride on the extension of the 7 Subway line, terminating at the new subway station located at 34th Street and Eleventh Avenue in Manhattan. The 7 Subway Extension is the first extension funded by the city in more…
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Time Warner Inc. announces New York real estate development plans
Time Warner Inc. (NYSE: TWX) today announced that Time Warner has sold the 1.1 million square feet of office space it owns in Time Warner Center for $1.3 billion to a venture of Related Companies, an entity owned by the Abu Dhabi Investment Authority (ADIA) and GIC. The venture will lease office…, 30 Hudson Yards:, Time Warner expects to acquire more than one million square feet of the available commercial space in 30 Hudson Yards located at the southwest corner of 10th Avenue and 33rd Street in Hudson Yards. Approximately 5,000 employees from Time Warner’s corporate operations and its HBO, Turner…, Hudson Yards:, Hudson Yards is largest private real estate development in U.S. history and the largest development in New York City since Rockefeller Center. It is anticipated that more than 24 million people will visit Hudson Yards every year. The site will include 17 million square feet of commercial and…, About Time Warner Inc.:, Time Warner Inc., a global leader in media and entertainment with businesses in television networks, film and TV entertainment and publishing, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide through multiple distribution outlets., 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 ADIA:, Established in 1976, the Abu Dhabi Investment Authority (ADIA) is a globally diversified investment institution that is wholly owned by the Government of Abu Dhabi. ADIA manages a substantial global investment portfolio, which is highly diversified across more than two-dozen asset classes and sub-…, About GIC:, GIC is among the world’s largest fund management companies. It was established in 1981 to manage Singapore’s foreign reserves. GIC strives to achieve good long-term returns on assets under its management, so as to preserve and enhance Singapore’s reserves. Since its inception, GIC has grown from…, About Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with over 1,400 employees and over $20 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in…, Caution Concerning Forward-Looking Statements: , This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include such words as “…
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Related Companies and Oxford Properties Group commence construction on Hudson Yards Eastern Platform
Related Companies and Oxford Properties Group today announced that construction on the Hudson Yards Eastern Platform has commenced and that more than seven million square feet of development will be underway by year’s end. Construction on 10 Hudson Yards, home to Coach Inc., L’Oreal USA, SAP and…, About the Hudson Yards Platform:, To complete the 28-acre Hudson Yards development, two “platforms” must be constructed to bridge over 30 active Long Island Rail Road (LIRR) train tracks, three subsurface rail tunnels utilized by Amtrak and New Jersey Transit, and a fourth passageway, the Gateway tunnel, currently under…
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NYU CUSP, Related Companies and Oxford Properties Group team up to create "first quantified community" in the United States at Hudson Yards
New York University’s Center for Urban Science and Progress (CUSP) today announced that it will partner with Related Companies and Oxford Properties Group to create the nation’s first “Quantified Community”—a fully-instrumented urban neighborhood that will measure and analyze key physical and…, About New York University’s Center for Urban Science & Progress:, CUSP is an applied science research institute created by New York University with a consortium of world-class universities and the foremost international technology companies to address the needs of cities. At the heart of its academic program, CUSP will investigate and develop solutions to the…, About Hudson Yards:, Hudson Yards, developed by Related Companies and Oxford Properties Group, is the largest private real estate development in the nation’s history and the largest development in New York City since Rockefeller Center. Hudson Yards will be a hub of connectivity, community, culture and creativity. It…
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Related Companies and Oxford Properties Group unveil 55 Hudson Yards
Related Companies and Oxford Properties Group today unveiled 55 Hudson Yards, the latest addition to the commercial office tower collection in the 28-acre Hudson Yards development. The building is perfectly positioned at the intersection of Hudson Yards, the High Line and Hudson Park &…
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Neiman Marcus flagship to anchor Hudson Yards
Related Companies, Oxford Properties Group and Neiman Marcus Group, Inc. announced today plans to open a flagship Neiman Marcus store on Manhattan’s flourishing West Side at Hudson Yards. The 250,000-square-foot, multi-level store is scheduled to open in 2018 and marks the first for the brand in…, About Neiman Marcus Group:, Neiman Marcus Group LLC operations include the Specialty Retail Stores segment and the Online segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus, Bergdorf Goodman and Last Call stores. The Online segment conducts direct to consumer operations under the Neiman Marcus,…, 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 Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with more than 1,400 employees and $20 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in…
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Related Companies invests in Core, both firms collaborate to expand New York’s leading boutique brokerage
Related Companies, one of the nation’s most prominent real estate firms, today announced that it has acquired a stake in CORE, the leading boutique real estate brokerage in Manhattan, to further expand CORE’s brand and offerings throughout New York City. “This is an incredible opportunity for CORE…, About CORE:, CORE is the leading real estate brokerage firm in Manhattan, which has marketed and sold over 30 new development projects and generated over $4 billion in sales to date. Founded in 2005 as a joint venture between Shaun Osher and The Cayre Family of Midtown Equities, the mission was to create a full…, 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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SoulCycle inks lease at Related Midwest’s OneEleven
Related Midwest today announced that SoulCycle ® , the country’s premier indoor cycling brand known for its high-energy workouts that combine cycling with dance, has signed a 4,200-square-foot lease at OneEleven, the developer’s 60-story ultra-luxury apartment tower at 111 W. Wacker Drive.…, About Related Midwest:, Related Midwest, the Chicago office of Related Companies, is the preeminent developer of luxury condominium and rental homes, affordable housing communities and mixed-use properties in Chicago. Recognized for its innovative, market-defining developments, Related Midwest has reshaped luxury living…, About SoulCycle:, In 2006, SoulCycle introduced the innovative model of boutique cardio fitness to the marketplace and reinvented indoor studio cycling. Since 2006, riders have been flocking to SoulCycle to release stress, burn fat, tone muscle, improve aerobic endurance and change their bodies, fast. SoulCycle…
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