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Stephen Ross makes over $30 million gift to WRI to advance sustainable cities
Stephen M. Ross, a world-recognized business leader, real estate developer and philanthropist announced today a $30.5 million contribution to the World Resources Institute (WRI) to galvanize action that will help cities grow smarter and more sustainably in developing countries around the world.…, About The World Resources Institute:, The World Resources Institute ( www.wri.org ) is a global research organization that spans more than 50 countries, with offices in the United States, China, India, Brazil, and more. Our more than 450 experts and staff work closely with leaders to turn big ideas into action to sustain our natural…
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Corvex and Related announce results of CommonWealth REIT’s special meeting of shareholders
Corvex Management LP ("Corvex") and Related Fund Management, LLC ("Related"), whose separately managed investment funds collectively own approximately 8.8% of the outstanding shares of CommonWealth REIT (NYSE:CWH), today announced that their entire slate of nominees—James Corl,…, About Corvex Management LP:, Corvex Management LP is an investment firm headquartered in New York, New York that engages in value-based investing across the capital structure in situations with identifiable catalysts. Corvex was founded in March 2011 and follows an opportunistic approach to investing with a specific focus on…, About Related Fund Management LLC:, Related Fund Management, LLC is an affiliate of Related Companies, one of the most prominent privately-owned real estate firms in the United States. Formed 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development,…
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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 California announces new market rate residential division to be led by veteran real estate executive Greg Vilkin
Related California, the West Coast Affiliate of Related Companies, today announced that veteran real estate executive Greg Vilkin will join the company as president of Related California Urban Residential, a newly formed division, and as a member of the senior executive team. In the newly created…, Related California:, Related California, the West Coast affiliate of Related Companies, is a fully integrated real estate firm that develops multifamily residential and mixed-use properties in California. Since 1989, Related California has undertaken a range of transformational developments from best in class luxury…
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Related Beal names Kimberly Sherman Stamler chief operating officer
Related Beal today announced that Kimberly Sherman Stamler has been named chief operating officer beginning August, 2014. Ms. Sherman Stamler will lead the overall management of the firm including oversight of deal execution, new business and financing activities across all Boston business…, About Related Beal:, Related Beal is a fully-integrated real estate firm focused on development and investment opportunities in Boston and the surrounding region. Related Beal leverages Related Companies’ international real estate platform with expertise across all assets classes and The Beal Companies’ storied local…
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Related Beal launches Congress Square, the reinvention of an entire city block in Boston’s downtown
Related Beal announced today the launch of Congress Square, formerly known as “The Block on Congress.” Related Beal acquired the properties in 2013 and is repositioning and reinventing the entire city block in the heart of downtown Boston, creating dynamic office space and marquee desirable retail…, About Related Beal:, Related Beal is a fully-integrated real estate firm focused on development and investment opportunities in Boston and the surrounding region. Related Beal leverages Related Companies’ international real estate platform with expertise across all assets classes and The Beal Companies’ storied local…, About Arrowstreet:, Arrowstreet is an integrated design studio that provides architecture, planning, interior design, and environmental graphics services. The firm is located at 10 Post Office Square, with site lines across Congress Street to the Congress Square project. About JLL: JLL (NYSE: JLL) is a professional…, About CBRE/Grossman Retail Advisors, LLC:, CBRE/Grossman Retail Advisors, LLC (CBRE/GRA) is a joint-venture between CB Richard Ellis – N.E. Partners, LP and Grossman Commercial Real Estate Group, Inc. CBRE/GRA was formed in 2009 to create the premier retail service provider for its clients. CBRE/GRA combines the network and resources of the…
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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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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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