Related formalizes ties with Boston developer

TRD New York /
Apr.April 08, 2013 11:45 AM

Related Companies is formalizing a decade-long partnership with Boston-based Beal Companies by creating Related Beal, the developers announced today.

“We have long believed in the Boston market and see great potential to create a strong pipeline of development and investment deals in the area,” Jeff Blau, CEO of Related, said in a statement.

A Related spokeswoman told The Real Deal that the partnership will focus on residential, mixed-use and biotech opportunities, which Beal specializes in.

The companies first came together on the One Back Bay rental apartment complex and the Clarendon condominium developments. Today, they are collaborating on the redevelopment of Lovejoy Wharf, which will include Converse’s U.S. headquarters.

The partnership also is “evaluating several opportunities at this time,” the Related spokeswoman told TRD; she declined to give details, however.

Bruce Beal and Robert Beal oversaw Beal Companies, established in 1878, and now will serve as Related Beal’s chairman and president, respectively. Beal did not immediately respond to requests for comment. — Hayley Kaplan 


Related Articles

arrow_forward_ios

Related is the latest developer to target the Rockaways

15 Hudson Yards (Credit: Related-Oxford, iStock)

First he sold a plot of land to Hudson Yards’ developers. Now he owns 7 luxury condos there

The Plaza Hotel in 1975 and models walking the runway during New York Fashion Week September 2019 (Credit: Getty Images)

Fashion Week struts its stuff at these iconic NYC locations

Related CEO Jeff Blau, Deutsche Bank CEO Christian Sewing, and Time Warner Center at 10 Columbus Circle (Credit: Getty Images and Wikipedia)

Deutsche Bank shrinks footprint at future Columbus Circle home amid global downsizing

Gym chain creator looks to part ways with Westchester County compound

1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

These are some of the most notable resi sales of the week

Clockwise from top: Related chairman Steven Ross, Mactaggart Family & Partners CEO Philip Mactaggart, a rendering of 456 Greenwich Street, and Caspi Development's Joshua Caspi (Credit: Getty Images, Mactaggart, and MHA Westchester)

Developers of bankrupt Tribeca hotel project think Related might be colluding with their landlord

arrow_forward_ios