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Related Companies and Oxford Properties Group close on more than $5 billion in financing for flagship office tower and retail complex at Hudson Yards
Related Companies and Oxford Properties Group today announced the closing of over $5 billion in financing for 30 Hudson Yards, the site’s flagship office tower, and the one-million-square-foot Shops and Restaurants at Hudson Yards. Bank of America served as lead arranger and administrative agent…, 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 approximately 2,000 employees and over $34 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…
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Intersection and Sidewalk Labs locating corporate headquarters at 10 Hudson Yards
Related Companies and Oxford Properties Group today announced that Intersection and Sidewalk Labs will locate their corporate headquarters at 10 Hudson Yards. Intersection, the urban experience company formed in 2015 as the result of a merger between Control Group and Titan, and its lead investor,…, About Intersection:, Intersection is a technology and media company focused on improving the urban experience at the convergence of digital and physical worlds. The company creates new products and services and invests in the most engaging media platforms that enable cities, businesses and communities to drive…, About Sidewalk Labs:, Sidewalk Labs is a newly-formed urban innovation company that is the result of a partnership between Google and Daniel Doctoroff, the former Deputy Mayor of Economic Development and Rebuilding for the City of New York and the CEO of Bloomberg LP. Sidewalk’s mission is to use technology to solve big…, 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 approximately 2,000 employees and $37 billion of real estate assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford was acquired…
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Related Companies and Hilton Hotels and Resorts introduce Hilton West Palm Beach
The highly anticipated Hilton West Palm Beach opened its doors today to welcome local patrons and visitors alike. Related Companies, Palm Beach County, the City of West Palm Beach and Hilton Worldwide (NYSE: HLT) collaborated to conceptualize and deliver an innovative, contemporary and forward-…, About Hilton Worldwide:, Hilton Worldwide (NYSE: HLT) is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 97 years, Hilton Worldwide has been dedicated to continuing its tradition of providing…, About Hilton Hotels & Resorts:, For nearly a century, Hilton Hotels & Resorts has been proudly welcoming the world's travelers. With more than 560 hotels across six continents, Hilton Hotels & Resorts provides the foundation for memorable travel experiences and values every guest who walks through its doors. As the…, 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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Related Companies unveils 456 Washington Street in coveted North Tribeca neighborhood
Related Companies today unveiled 456 Washington Street, its new ultra-luxury boutique rental development, perfectly positioned along the waterfront in a private and quiet corner of North Tribeca. Envisioned by BKSK Architects as a reflection of the neighborhood’s industrial history, 456 Washington…, 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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Related and GreenOak acquire two commercial assets in Long Island City
Related Fund Management and GreenOak today announced that they have formed a joint venture and acquired two marquee commercial assets in Long Island City: the Paragon Building and the Blanchard Building. Both buildings are located in the Hunter’s Point corridor of Long Island City and offer…, 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 GreenOak:, GreenOak is an independent, partner-owned, real estate focused principal investing, lending and advisory firm that seeks to create long term value for its investors and provide strategic advice to its clients. Formed in 2010, GreenOak is a highly focused global platform with an experienced and…
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Related Companies unveils The Easton in Carnegie Hill
Related Companies today unveiled The Easton, a new luxury rental building located at 205 East 92nd Street in Manhattan’s beloved Carnegie Hill neighborhood. Introducing a collection of elegant residences inspired by the East Side’s grandest apartments, The Easton is designed for contemporary living…, 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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New report details substantial economic impact of Hudson Yards development
Related Companies and Oxford Properties Group today released a report outlining the substantial economic impacts of the 28-acre Hudson Yards development on the New York City economy. Once fully operational, the development will contribute nearly $19 billion annually to New York City’s Gross…, New York City impact:, Once fully operational, the development will contribute nearly $19 billion annually to New York City’s Gross Domestic Product, accounting for 2.5 percent of the citywide GDP. Hudson Yards will also contribute $477.3 million in annual City tax revenues. During the estimated 13-year construction…, Capital contributions to the MTA:, No project in New York City’s history has contributed or will contribute as much to the MTA as Hudson Yards, with the agency receiving $1.784 billion in revenues during the development and construction of the project. In addition, upon completion, Hudson Yards will contribute $89.3 million annually…, Modernizing New York City's commercial office space and improving global competitiveness:, More than 64 percent of the City’s office space is currently in buildings that are at least 50 years old. The development of Hudson Yards is one of New York’s most important responses to the demand for new office space to keep New York competitive with other global markets. Hudson Yards will bring…, Regional impact:, While the economic impact of Hudson Yards may be concentrated in New York City, many other communities from across the country have benefitted and will benefit as well. The materials used to construct the Eastern Rail Yard, for example, have been sourced from nearly every state across the country.…, About the 28-acre Hudson Yards Development:, Related and Oxford’s Hudson Yards is the largest private real estate development in the nation’s history. The site, which spans from 30th Street to 34th Street between 10th and 11th Avenues and 30th Street to 33rd Street between 11th and 12th Avenues, will include 17 million square feet of…, 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 approximately 2,000 employees and $37 billion of real estate assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford was acquired…
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Global law firm Milbank to move New York office to 55 Hudson Yards
Milbank, Tweed, Hadley & McCloy LLP, a leading international law firm providing innovative legal services to clients around the world, today announced plans to relocate its New York headquarters to 55 Hudson Yards. The international law firm plans to lease more than 250,000 square feet across…, About Milbank, Tweed, Hadley & McCloy LLP:, Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo…, About Related:, Founded over 40 years ago, Related Companies is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, fund management, marketing and sales. The Company’s existing portfolio of real estate assets, valued at…, About Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and over $37 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…, About Mitsui Fudosan America, Inc.:, Mitsui Fudosan America, Inc. (MFA) is a real estate investment and development company headquartered in New York City and is the U.S. subsidiary of Mitsui Fudosan Co., Ltd.—Japan’s largest publicly traded real estate company. MFA’s history in the United States dates back to the early 1970s. Since…
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