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Chicago developer Related Midwest names Related Companies’ Frank Monterisi as its chief operating officer

Chicago-based Related Midwest has announced that Frank Monterisi will join its senior executive leadership team as chief operating officer (COO), a newly created role in the firm. Monterisi comes to Related Midwest after working for New York City-based Related Companies, the parent company of…
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The Whitney Hotel debuts in Boston’s historic Beacon Hill

The Whitney, a new 65-room luxury boutique hotel, has officially opened its doors in Boston’s historic Beacon Hill. Developed by Related Beal and operated by Hersha Hospitality Management (HHM), the property is located at the corner of Charles Street and Cambridge Street, and named for Henry…
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Related Midwest, Magellan Development, Sterling Bay, Clayco, The Chicago Federation of Labor, and The Chicagoland Association of General Contractors announce first-of-its-kind loan fund for Chicago's minority small business owners

Related Midwest, in collaboration with Magellan Development, Sterling Bay, Clayco, the Chicago Federation of Labor, and Chicagoland Association of General Contractors, announced the creation of a program to guarantee capital for minority- and women-owned businesses in the construction and…
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First-of-its-kind industry and labor partnership announces HIRE360, a regional workforce development and small business support program

Chicago’s largest developers, general contractors, local labor unions and United Way of Metro Chicago today announced the launch of HIRE360, an innovative cross-industry partnership designed to create an ecosystem that develops sustainable careers and business ventures for underrepresented…
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Related Midwest unveils phase 1 of The 78, anchored by Discovery Partners Institute

Related Midwest today unveiled its plans for Phase 1 of The 78, a new riverfront neighborhood master planned with Skidmore, Owings & Merrill that will transform 62 acres that have been vacant for almost 100 years into a vibrant, mixed-use community and extend Chicago’s central business district…
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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 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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Related Beal announces acquisition of 'The Block on Congress' from Fidelity Investments

Related Beal announced today the acquisition of The Block on Congress from Fidelity Investments by the Related Real Estate Recovery Fund. Related Beal will lead the repositioning and serve as property manager of The Block. The Block on Congress, is a five-building portfolio consists of nearly 343,…
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