The Related Companies
name = The Related Companies L.P.
foundation = 1972
Stephen M. Ross
New York City
industry = Real estate development
homepage = [http://www.related.com/ 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 Cityand 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 Circleinto one of New York’s premier destinations.
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 in New York City, Miami, Chicagoand California, 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 of Virgin MegastoresNorth 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] .
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