The Related Companies
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|Industry||Real estate development|
|Founder||Stephen M. Ross|
|Stephen M. Ross (Chairman)|
Jeff T. Blau (CEO)
Bruce A. Beal, Jr. (President)
|Total assets||US$50 billion (2017), including assets managed for others|
|Total equity||US$4 billion (2017)|
|Owner||Stephen M. Ross (60%)|
Number of employees
The Related Companies, L.P. is an American privately owned real estate firm in New York City, with offices and major developments in Boston, Chicago, Los Angeles, Las Vegas, Miami, San Francisco, Abu Dhabi, London, São Paulo and Shanghai. Related has more than 3,000 employees and is the largest landlord in New York City with over 8,000 residential rental units under ownership.
It has developed mixed-use projects such as Time Warner Center in New York City, as well as CityPlace in West Palm Beach. Related is currently developing the Hudson Yards Redevelopment Project, which comprises 28 acres (0.11 km2) in Manhattan’s Chelsea and Hell's Kitchen neighborhoods.
In 1985, the company constructed 225 Rector Place as a rental apartment complex. It sold the building in 2005 to developer Yair Levy and then bought the building back for $82.8 million after the lender, Anglo Irish Bank, foreclosed on the property in November 2010.
In January 2012, the company closed an $825 million distressed asset fund.
In March 2014, the United States Department of Justice filed a lawsuit against the company and several other large NYC developers, claiming failure to comply with the Americans with Disabilities Act of 1990.
In January 2016, the company proposed developing a $6.5 billion project on the site of the former Santa Clara All Purpose Landfill.
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- Willett, Megan (September 24, 2013). "Tour A $50 Million Glass Penthouse 60 Floors Above Madison Square Park". Business Insider.
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- Barbanel, Josh (March 17, 2014). "New York City Developer Accused in Disabled-Access Suit". The Wall Street Journal.(subscription required)
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- Vincent, Roger (October 1, 2014). "Developer of new Bunker Hill apartment high-rise woos older residents". Los Angeles Times.
- Donato-Weinstein, Nathan (January 1, 2016). "Related Companies must dig deep to build housing on former dump". American City Business Journals.
- "Why Related Companies Is One Of The Most Innovative Companies Of 2017". Fast Company. February 13, 2017.
- Bandell, Brian (May 11, 2017). "Related Group interested in redeveloping Boca Raton's municipal complex". American City Business Journals.
- Bandell, Brian (July 6, 2017). "Related Group opens Brickell Heights, sells commercial space for $17.5M (Video)". American City Business Journals.