Griffin Realty, New York Developer Merge
Griffin Realty Corp., developer of the $600-million MacArthur Place office project in Santa Ana, has merged with a New York developer that may connect Griffin with East Coast money and Fortune 500 tenants.
The Related Companies of New York, a financial services firm and developer, also has offices in Boston and Miami and contacts with big corporations. The new company will be called Griffin/Related Properties.
Griffin, which has its headquarters in Santa Ana, started three years ago. Its first project was Griffin Towers, a $90-million office building in Santa Ana’s Hutton Centre, which the company recently sold.
Related Companies built and owns headquarters buildings for Revlon, Nestle and Union Carbide, and has also built 13,000 apartments.