The Real Deal Miami

Ross says adaptability key to business

February 17, 2010 02:49PM

Stephen Ross, head of Related Companies, may be best poised to change tacs in the market downturn, according to the Financial Times, as he looks to expand his repertoire with international projects and a bank acquisition. The Times paints Ross as a soothsayer who saw the housing crisis in 2007, back when it was merely a glimmer in other analysts’ eyes. Today, Ross is looking beyond his beaten path. “To be a real estate developer in this market today is oxymoronic,” Ross said. “There won’t be any large development projects, particularly in the U.S., for years.”