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Related acquires 3,000-unit apartment portfolio in Midland and Odessa, Texas, capitalizing on opportunity to deliver institutional-quality management and multi-family rentals
Related Companies today announced that the Related Real Estate Recovery Fund has acquired a portfolio of 21 multi-family apartment properties, including approximately 3,000 apartment units in Midland and Odessa, Texas. Related expects to improve the portfolio by implementing institutional-quality…, About the Related Real Estate Recovery Fund:, The Related Real Estate Recovery Fund closed in January 2012 after raising $825 million in equity commitments – exceeding its $750 million target. It was among the largest U.S. real estate vehicles raised in 2012. Fund investments include diverse properties across the real estate spectrum such as:…, 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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Governor Quinn salutes downtown Chicago development and workers making it happen
Governor Pat Quinn today saluted the developers and workers on the 111 West Wacker project in downtown Chicago. The $180 million project by Related Midwest has employed more than 1,000 skilled construction workers and is transforming a long vacant and partially-completed building into a new…
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Related Midwest unveils experiential on-site leasing center and Kara Mann-designed model residences at OneEleven
Related Midwest announces it has unveiled and opened its experiential on-site leasing center and six Kara Mann-decorated models at OneEleven, offering the first look inside the much-anticipated 60-story ultra-luxury rental tower at 111 W. Wacker Drive as it welcomes first move-ins July 1. Featuring…, 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…
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Al Tayer Group and Gulf Related sign landmark agreement to bring Macy’s and Bloomingdale’s to Abu Dhabi
Gulf Related, a regional development company and joint venture between Gulf Capital and Related Companies, and Al Tayer Group, a diversified regional business, today announced that they have signed a landmark agreement which will see the opening of two iconic U.S. department stores, Macy’s and…, About Gulf Related:, Gulf Related is a regional real estate development company focused on retail, residential and high-end mixed-use real estate developments in the Middle East. Gulf Related represents a joint-venture between Gulf Capital, one of the Middle East's leading alternative asset management firms, and…, About Al Tayer:, Al Tayer Group is a diversified regional business established in 1979 with its headquarters in Dubai, UAE. Since its inception, the Group has grown rapidly and currently operates in 12 countries in the Middle-East and beyond. It has built leading operations in multiple sectors, including automotive…, About Al Maryah Island:, Al Maryah Island, Abu Dhabi’s Central Business District (CBD), is a Financial Free Zone home to Abu Dhabi Global Market (ADGM). Located at the midpoint between Abu Dhabi's existing downtown and new business and residential districts, Al Maryah Island is a world-class mixed-use district which…
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Related Companies awards first Parkway Gardens Scholarship
Related Companies, along with Related Affordable and Related Midwest, have awarded the first annual Parkway Gardens Scholarship, a $5,000 grant to support individuals pursuing a higher education. The recipient, Parkway Gardens resident Tumora Grayson, was awarded the scholarship in recognition of…
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Gulf Related breaks ground on Al Maryah Central
Leading regional development company Gulf Related today broke ground on Al Maryah Central, a 2.3-million-square-foot super-regional shopping center located at the core of Al Maryah Island in Abu Dhabi. The groundbreaking marks the start of construction on the iconic project ahead of its opening in…, About Gulf Related:, Gulf Related is a regional real estate development company focused on retail, residential and high-end mixed-use real estate developments in the Middle East. Gulf Related represents a joint-venture between Gulf Capital, one of the Middle East's leading alternative asset management firms, and…
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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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Related announces record sale of high-profile OneEleven apartment tower
Related announced today that it has sold OneEleven, a 504-unit ultra-luxury apartment tower located at 111 W. Wacker Drive, for over $328 (328.225) million. At $651,000 per unit, it is the highest amount ever paid for an apartment building in Chicago. The sale comes just three years after Related…
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