The Real Deal New York

Posts Tagged ‘forest city ratner’

  • From left: Larry Silverstein, MaryAnne Gilmartin, William Mack and Bill Rudin

    From left: Larry Silverstein, MaryAnne Gilmartin, William Mack and Bill Rudin

    Stay on your toes: That’s the message from the “titans” of New York City real estate. Major infrastructural changes are afoot, thanks to transformative projects like Hudson Yards, Atlantic Yards and the World Trade Center, and with the lending landscape fundamentally changed since the recession and a spike in interest from international investors fueling competition, it’s all the more important to get creative with project partnerships. [more]

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  • MaryAnne Gilmartin and a rendering of a pre-fab tower at Atlantic Yards

    MaryAnne Gilmartin and a rendering of a pre-fab tower at Atlantic Yards

    Forest City Ratner has filed a lawsuit demanding that the city slash its valuation of a section of the Atlantic Yards megaproject, despite the developer having received at least $761 million in subsidies and tax breaks from the city and the state for the project.

    The city’s Department of Finance valued the land on the southern side of the project, known as block 1129, at $11.2 million in the 2013 fiscal year. The land currently holds a parking lot, but is slated for high-rise construction. [more]

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  • From left: 375 Pearl Street, MaryAnne Gilmartin and One MetroTech Center

    From left: 375 Pearl Street, MaryAnne Gilmartin and One MetroTech Center

    Forest City Ratner has signed private high school the Brooklyn Friends School to MetroTech Center, the developer announced today. Brooklyn Friends, a Quaker school headquartered at 375 Pearl Street in Downtown Brooklyn, will move its upper school to a new 45,000-square-foot space being designed by FXFOWLE architects at the center, located at 116 Lawrence Street. [more]

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  • barclays-center

    Barclays Center

    Despite attracting star-studded events like the MTV Video Music Awards and concerts by the likes of Beyoncé and Paul McCartney, Brooklyn’s Barclays Center hasn’t been able to stay on pace financially. [more]

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  • Jill Abramson and 620 Eighth Avenue

    Jill Abramson and 620 Eighth Avenue

    The New York Times is aiming to further downsize its space at its Renzo Piano-designed headquarters at 620 Eighth Avenue. The newspaper is looking to lease the single floor that it owns in the 52-story building, developed by Forest City Ratner. [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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  • Commercial real estate firm Trinity Place Holdings appointed a former Forest City Ratner executive as its new CEO and president, the firm 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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  • New York by Gehry at 8 Spruce Street

    New York by Gehry at 8 Spruce Street

    Forest City Ratner’s residential skyscraper New York by Gehry is renewing tenants’ leases without spiking the rent, possibly signifying a plateau for the high-end rental market. [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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  • david-larue-forest

    Barclays Center and Forest City Enterprises’ David LaRue

    Forest City Enterprises has been mixing business and politics for the past decade, swapping $23 million in campaign donations for $2.6 billion in government funds, according to a new report cited by the New York Post. [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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  • A rendering of Cornell NYC Tech and Forest City Ratner CEO MaryAnne Gilmartin

    A rendering of Cornell NYC Tech and Forest City Ratner CEO MaryAnne Gilmartin

    Cornell University today announced that it has reached a preliminary deal with developer Forest City Ratner to be the “master developer” for the first phase of work at the school’s technology campus on Roosevelt Island, Crain’s reported. The developer will build two buildings. [more]

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  • 10 MetroTech and Forest City Enterprises CEO David Larue

    10 MetroTech and Forest City Enterprises CEO David Larue

    A Brooklyn office building that Forest City Ratner has owned since 1989 is slated for demolition for the development of housing, according to vociferous Atlantic Yards critic Norman Oder, writing for the New York Observer. The seven-story, 359,000-square-foot property dubbed 10 MetroTech Center has a $40 million mortgage that’s in default. [more]

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  • david-cooper-wsp

    David Cooper of WSP Group

    After consolidating its four U.S.-based businesses last month, London-based global engineering firm WSP Group plans to bring a new focus on integrated design to several New York City projects, including the World Trade Center site and 432 Park Avenue, the New York Observer reported.

    The new focus on integrated design, or the principal of concentrating on how a building functions through all its collective systems, will begin at the World Trade Center site, where the firm is already involved, David Cooper, acting president and CEO of the company, told the Observer. [more]

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  • Adam Neumann at WeWork’s 175 Varick Street location

    Trendy shared office space provider WeWork has joined forces with Forest City Ratner in its bid to redevelop the Lower East Side’s Seward Park, the Wall Street Journal reported.

    Last week, Forest City Ratner and other top developers, such as the Related Companies and AvalonBay Communities, submitted proposals for the 1.65 million-square-foot site, which was approved by the city last year and is slated to offer 1,000 housing units, as well as retail and office space. Forest City Ratner’s plans included a roughly 400,000-square foot headquarters for WeWork.  [more]

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  • From left: John Catsimatidis, Bruce Ratner and Bill Thompson

    Several New York City mayoral candidates threatened to penalize Forest City Ratner for delaying the construction of housing at Atlantic Yards, the Brooklyn Paper reported. [more]

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  • From left: Bruce Ratner, MaryAnne Gilmartin and David Berliner

    Forest City Ratner’s newly minted chief executive MaryAnne Gilmartin has tapped the development’s company’s general counsel David Berliner to be her chief operating officer, the Wall Street Journal reported.

    “I needed to make sure my bench was deep and capable of allowing me to succeed in a new role,” Gilmartin — who was recently profiled by The Real Deal — told the Journal. “David was an obvious choice.” [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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  • East River Plaza, which received $8.1 million in tax breaks under ICIP

    Even tax breaks have an afterlife. The owners of some 7,000 buildings are still receiving a tax abatement under a city program that expired five years ago, the New York World reported. Known as the Industrial and Commercial Incentive Program, the tax break will cost the city $650 million this year alone. [more]

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