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| Founded | 1972 |
|---|---|
| Founder(s) | Stephen M. Ross |
| Headquarters | New York City, United States |
| Industry | Real estate development |
| Website | related.com |
The Related Companies L.P. is a real estate developer, manager and financier. The developer of numerous high-profile projects in New York City and around the United States, Related is best known for its historic 2.8 million-square-foot $1,700,000,000 Time Warner Center, which has transformed Columbus Circle into one of New York’s premier destinations.
History
Founded as Related Housing Companies in 1972 by Stephen M. Ross, the company began by developing government assisted housing developments. By the end of the decade more than 50 developments had been completed, worth over $250 million[1]. During the 1980s offices were opened in New York City, Miami, Chicago and California, and the company name was changed to Related due to the growth and expanded services that the company provided[2].
In the 1990s the company was re-organized into three divisions - Development, Management and Financial Services[3].
Related is a 13% stock owner of Centerline Holding Company, a real estate finance and asset management company. In August 2007 the company announced their intention to acquire the majority controlling interest of Virgin Megastores North America.[4] They have since decided to close Virgin Megastores North America.
References
- ^ "Related History". The Related Companies. http://www.related.com/index.asp?model=relatedHistory&view=1&slideid=1. Retrieved on 2008-06-03.
- ^ "Related History part 2". The Related Companies. http://www.related.com/index.asp?model=relatedHistory&view=1&slideid=2. Retrieved on 2008-06-03.
- ^ "Related History part 3". The Related Companies. http://www.related.com/index.asp?model=relatedHistory&view=1&slideid=3. Retrieved on 2008-06-03.
- ^ "Related Companies to Acquire Virgin Entertainment Group Virgin Megastores North America". PR Newswire. 2007-08-17. http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-17-2007/0004647544&EDATE=. Retrieved on 2008-03-28.
External links
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