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The Boston Globe

Business

Property developers Beal Cos. to partner with Related of N.Y.

The Beal Cos., one of Boston’s oldest and most prolific real estate firms, is joining forces with Related Cos. of New York to create a new venture that promises to be a powerhouse of local property development.

Principals of the newly formed entity, to be called Related Beal, said they will aggressively pursue investment opportunities in coming months. The two privately owned firms have collaborated on multiple projects over the last decade, but the new partnership will combine their resources into a Boston-based company that will have greater expertise and financial strength.

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