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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 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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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 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, Brookhaven Rail Partners and Stephens complete acquisition of Pioneer Railcorp, a premier owner of short-line railroads and railroad-related businesses

Transaction marks latest investment by Related Infrastructure’s platform focused on infrastructure-related operating businesses Related Fund Management, Brookhaven Rail Partners and Stephens Capital Partners LLC today announced the acquisition of Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad…
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Related Companies announces investment in Conrac Solutions, leading private operator, developer and financier of consolidated rent-a-car solutions

This transaction is among Related Infrastructure’s first investments. Related Companies, one of the world’s most prominent private real estate firms, today announced that Related Fund Management has made an equity investment in Conrac Solutions, the leading private operator, developer and financier…
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Chicago developer Related Midwest names Related Companies’ Frank Monterisi as its Chief Operating Officer

Monterisi, seasoned developer, leader, placemaker and former U.S. Marine captain, joins Related Midwest in newly created role, will oversee development and operations across asset classes Chicago-based Related Midwest has announced that Frank Monterisi will join its senior executive leadership team…
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Conrac Solutions closes on financing for consolidated rent-a-car facility at Newark Liberty International Airport

The $500 million transaction represents innovative new model of private financing for Conrac Facilities and was achieved in partnership with Related Fund Management and Fengate Asset Management. Conrac Solutions today announced the innovative, successful private financing of the new Consolidated…
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