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Mario Pavli's Blog

By Mario Pavli | Agent in Boston, MA

Beal Cos. And Related Form Partnership; Don't Call It A Merger

The Boston Globe On Saturday Reported prolific Boston real estate developer The Beal Cos. has signed a partnership with New York's The Related Cos. to form a new entity called "Related Beal."

Terms of the transaction weren't disclosed, according to the Globe – and neither was the exact nature of the partnership. The article by Casey Ross didn't use the words "merge," "merger," "buyout" or "acquisition."

Ross writes: "In many ways, the new partnership simply formalizes a longstanding relationship between the firms. Beal’s son, Bruce Beal Jr., is president of Related Cos., where he has worked for 18 years. Previously, Related and Beal developed the Clarendon, a luxury residential tower in the Back Bay."

Other Related-Beal co-projects include the $1.6 billion redevelopment of Quincy Center and the $230 million refurbishment of Lovejoy Wharf near North Station in BostonT

Source: Boston Business Journal 

Mario Pavli
Vice President 
Boston Luxury Residential 
316 Newbury St. Suite 21
Boston, MA 02115
 
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