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Posts Tagged ‘Bruce Ratner’

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    From left: Bruce Ratner, MaryAnne Gilmartin and Simeon Bankoff

    The Municipal Art Society is facing heat from fellow preservationist groups for its plans to bestow Forest City Ratner heads Bruce Ratner and MaryAnne Gilmartin with the Jacqueline Kennedy Onassis Medal.

    Officials at the Historic Districts Council wrote a letter yesterday, saying the group was “appalled” by the decision to honor Forest City Ratners’ massive Atlantic Yards project. [more]

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  • Bruce Ratner and the Nets' home court at the Barclays Center

    Bruce Ratner and the Nets’ home court at the Barclays Center

    Bruce Ratner is looking to unload the remainder of his ownership stake in the Brooklyn Nets, and has brought investment bank Evercore Partners on board to advise him on a deal. [more]

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  • Bruce Ratner

    Bruce Ratner

    Forest City Ratner’s Bruce Ratner embraces both President Obama’s call for a boost to the federal minimum wage and Mayor Bill de Blasio’s proposed tax hike on New York City’s wealthiest residents. Click here for more.

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  • Bill-de-Blasio-and-family

    Mayor Bill de Blasio (center) and his family

    year_in_reviewNew York City real estate can sometimes feel like a blood sport, with a host of rivals vying to get the upper hand. Luckily, here at The Real Deal, we have a ringside seat. And in 2013, the industry did not disappoint. Office towers traded for more than $1 billion, retail rents cracked $3,000 per square foot, and $100 million became the new $50 million in residential listings. The Midtown East rezoning came and went, as did more than one commercial brokerage CEO. And let’s not forget that little matter of the mayoral election. Read on for the editorial staff’s picks of the biggest stories of the year. [more]

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  • b2

    Bruce Ratner and rendering of B2 at 461 Dean Street

    The subsidized units at Forest City Ratner’s B2, a residential tower in the Atlantic Yards megadevelopment, will start at $494 per month. The 32-story modular tower, at 461 Dean Street and Flatbush Avenue, broke ground last December.

    About half of the units will be affordable – 20 percent for low-income households and 30 percent for so-called middle-income households. Market-rate apartments on average will run $2,611 for studios, $3,353 for one-bedrooms and $4,403 for two-bedrooms. [more]

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  • ZhangXuliang1ATlanticYards

    From left: Zhang Xuliang, an Atlantic Yards rendering (Credit: SHoP) and Bruce Ratner

    Forest City Ratner has sold 70 percent of the Atlantic Yards megaproject in Brooklyn, to Shanghai-based developer Greenland Group, Forest City announced today. The agreement covers both phases of the project but excludes both the Barclays center and the first residential tower, B2, the statement said. Forest City will manage the day-to-day project activities on behalf of the joint venture. [more]

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  • b2

    Bruce Ratner and rendering of B2 at Dean Street and Flatbush Avenue in Brooklyn

    The opening of B2, the first residential tower in the Atlantic Yards megaproject, has been pushed back six months.

    The 32-story tower at Flatbush Avenue and Dean Street will likely open in the last quarter of 2014, rather than that summer, Jane Marshall, an executive for developer Forest City Ratner, said last night at an Atlantic Yards Quality of Life Committee meeting. The delay occurred because the developer has spent more time than expected on launching a modular factory at the Brooklyn Navy Yard, Marshall said. [more]

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  • Bruce Ratner and the Nassau Coliseum

    Bruce Ratner and the Nassau Coliseum

    Bruce Ratner’s Forest City Ratner won unanimous approval from the Nassau County Legislature on Monday to move ahead with a $229 million redevelopment plan for the Nassau Coliseum. [more]

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  • ratner-atlantic-yards

    Atlantic Yards rendering (Credit: SHoP) and Bruce Ratner

    Bruce Ratner is seeking an investor to purchase as much as 80 percent of the $5 billion Atlantic Yards development. [more]

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  • From left, Bruce Ratner, the Nassau Coliseum

    From left, Bruce Ratner, the Nassau Coliseum

    After winning the bid to revamp and manage the Nassau Coliseum, developer Bruce Ratner unveiled his redevelopment plans for the arena in a news conference on Thursday, according to Newsday. [more]

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  • From left, Bruce Ratner, James Dolan, Nassau Coliseum

    From left: Bruce Ratner, James Dolan, Nassau Coliseum

    The fight between James Dolan and Bruce Ratner for the right to rebuild and run Nassau Coliseum in Long Island is almost at an end, Crain’s reported. [more]

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  • Rendering of Atlantic Yards residential project, Bruce Ratner

    B2 Atlantic Yards, Bruce Ratner

    UPDATED, 4:46 p.m., July 10: The Plumbing Foundation of New York City, a nonprofit association of licensed contracting firms, manufacturers and suppliers, has sued the Department of Buildings, alleging that developer Bruce Ratner’s plan to build prefabricated apartment towers at Atlantic Yards ignores major building safety rules, the NY Daily News reported.

    [more]

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  • From left: Bruce Ratner and MaryAnne Gilmartin

    Forest City Ratner’s CEO Bruce Ratner announced today that his chief lieutenant MaryAnne Gilmartin would replace him as chief executive, a move expected since news of Ratner stepping down broke in January. Ratner will remain chairman of the development company.

    “It is important for me and the industry to recognize MaryAnne’s role in leading our major efforts, from Atlantic Yards to New York by Gehry,” Ratner said in a press release. “While I will stay involved in key projects like Barclays Center, Atlantic Yards and Ridge Hill, and be active in strategic planning and new initiatives, it is the right time to make this change.”  [more]

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  • Sherwood Country Club estate in Thousand Oaks, Calif., which went into foreclosure

    Bruce Ratner said to mull bidding on Nassau Coliseum, former home of New York Islanders. Now available: a castle on the Upper West Side at a $10.1 million discount. Retirees are choosing to live in intergenerational communities. Williamsburg record store veteran Sound Fix will close next month. Read these stories and more after the jump.

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  • MaryAnne Gilmartin

    From the March issue: No one can say that MaryAnne Gilmartin isn’t battle-tested. For years, she has served as chief lieutenant to Bruce Ratner in the fight to develop Brooklyn’s controversial Atlantic Yards project, a clash marked by lawsuits, bad press and angry protesters. So when news broke in late January that Ratner was planning to step down as CEO of Forest City Ratner, the company he founded, sources pointed to Gilmartin as his most likely successor.

    “When you have been through what they have together, when you face the opposition they have, either you end up with an unbreakable bond, or you end up never speaking with each other again,” said CBRE Group’s Tri-State CEO Mary Ann Tighe, who’s worked with both of them over the years. “There is a deep respect there.”  [more]

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  • alternate<br /></a>text
    Screenshot of Bruce Ratner
    The foundation of the first residential tower at Atlantic Yards is being laid down and in May, the 32-story building will rise above the ground, Bruce Ratner, CEO of Forest City Ratner, which is developing the massive Brooklyn project, told Bloomberg News (see the video after the jump). The property is slated for completion about a year from this June, he said. The building, dubbed B2, broke ground in December and is slated to be the world’s tallest modular tower. “We wanted to come up with a method that assured the same kind of pricing and also was less expensive to build, but still as good or higher quality,” Ratner told Bloomberg of the modular construction method. … [more]

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  • Bruce Ratner and MaryAnne Gilmartin

    Bruce Ratner will be stepping down as chief executive officer of Forest City Ratner, but will continue serving in a chairman capacity, Crain’s reported. MaryAnne Gilmartin, current executive vice president, will succeed him. An unnamed source told Crain’s that Ratner will “step down sooner rather than later, likely the next few months.” A Forest City Ratner spokesperson declined comment and another unnamed source told Crain’s that “I wouldn’t expect him to disappear. He’ll still be very much involved at Forest City.” [more]

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  • Don Monti

    Long Island politicians and developers are in talks to develop a 5 million-square-foot biotech campus in the vicinity of the Nassau Veterans Memorial Coliseum, current home of the New York Islanders, the Wall Street Journal reported. Developers see the Islanders’ 2015 exodus as an opportunity to cultivate an area that has languished since the arena was built in the 1970s. Don Monti, the president and CEO of Renaissance Downtowns, a Plainview, NY-based real estate development company, came up with the idea for the campus. In November, Nassau County appointed Monti and Forest City Ratner’s Bruce Ratner—whose Barclays Center in Brooklyn will be the Islanders’ new home— as consultants on the project, which is estimated to cost between $2 billion to $3 billion. … [more]

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  • Bruce Ratner and Barclays Center

    A lawsuit filed against the city by Brooklyn Events Center, a subsidiary of Barclays Center developer Forest City Ratner, over a $741 million property tax appraisal for the stadium has been dropped, the New York Post reported.

    Last month, the Ratner-affiliated organization went to New York State Supreme Court in Brooklyn arguing that the city’s appraisal of the music venue and Nets basketball team home was off base. The developer suggested that the stadium’s actual value was closer to $111 million — despite not owing property taxes on the site under its current deal with the city and receiving some $761 million in subsidies and tax breaks to develop the 22-acre Atlantic Yards site. [more]

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  • How Brooklyn’s stadium deal was done

    September 27, 2012 01:30PM

    From left: Bruce Ratner and the interior of Barclays

    Brooklyn’s Barclays Center in Brooklyn will open tomorrow with a week of concerts by Jay-Z and the debut of the 675,000-square-foot, 22-acre project owes itself to Bruce Ratner’s purchase of the then New Jersey Nets, the New York Times reported. Ratner bought the team in 2004 for $300 million and not because he was a basketball fan — it was his way to bring sports back to Brooklyn and make way for the nearly $5 billion project. [more]

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