- The Related Companies
Infobox Company
name = The Related Companies L.P.
type =
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foundation = 1972
founder =Stephen M. Ross
location_city =New York City
location_country =United States
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industry = Real estate development
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homepage = [http://www.related.com/ related.com]
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intl =The Related Companies L.P. is a
real estate developer , manager and financier. The developer of numerous high-profile projects inNew York City and around theUnited States , Related is best known for its historic 2.8 million-square-foot $1,700,000,000Time Warner Center , which has transformedColumbus 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 [cite web |url=http://www.related.com/index.asp?model=relatedHistory&view=1&slideid=1 |title=Related History |publisher=The Related Companies |accessdate=2008-06-03] . During the 1980s offices were opened inNew York City ,Miami ,Chicago andCalifornia , and the company name was changed to Related due to the growth and expanded services that the company provided [cite web |url=http://www.related.com/index.asp?model=relatedHistory&view=1&slideid=2 |title=Related History part 2 |publisher=The Related Companies |accessdate=2008-06-03] .In the 1990s the company was re-organized into three divisions - Development, Management and Financial Services [cite web |url=http://www.related.com/index.asp?model=relatedHistory&view=1&slideid=3 |title=Related History part 3 |publisher=The Related Companies |accessdate=2008-06-03] .
Related is a 13% stock owner of
CharterMac , a multifamily finance company. In August 2007 the company announced their intention to acquire the majority controlling interest ofVirgin Megastores North America. [cite web|url=http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-17-2007/0004647544&EDATE= |title=Related Companies to Acquire Virgin Entertainment Group Virgin Megastores North America |publisher=PR Newswire |date=2007-08-17 |accessdate=2008-03-28] .References
External links
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