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Forest City Ratner

1 MetroTech Roadway
Brooklyn, NY
(718) 923-8400
Website
info@fcrc.com
Forest-City Ratner
Forest City Ratner
Forest City Ratner, a division of the publicly traded Forest City Enterprises, is one of the most active developers in New York City with a focus on Brooklyn. The parent company, based in Cleveland, Ohio, was founded in 1920 by the Ratowczer (later changed to Ratner) family after emigrating from the Poland to the United States. Forest City Ratner has changed the face of Downtown Brooklyn through the development of MetroTech in the 1980s and 1990s and Pacific Park (formerly Atlantic Yards), which has been ongoing. The company was instrumental in bringing major sports and live entertainment to Brooklyn when it spearheaded the plan to build the Barclays Center. In November 2014, Forest City announced plans to build East Harlems tallest residential towers. Their East River Plaza Development will consist of three towers, standing at 47, 41, and 32 stories tall. Of the 1,100 residential units, 25 expected to list below market rate. The buildings will be built on top of a mall and a parking garage, and connected by two sky bridges. In April 2013, MaryAnn Gilmartin was tapped to lead the firm as CEO, taking over from Bruce Ratner.
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02/29/16
The Morris Adjmi design is done. The plans are approved. The next missing piece in the planned condominium conversion of a five-story Noho building? The developer.  Tags: blumenfeld...
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02/29/16
Hear the words “chief of staff,” and one may conjure up an image of Rahm Emmanuel preparing for a battle with lawmakers, or, for “The...
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02/26/16
Greenland Forest City is now looking at another possible site for an office tower near its Pacific Park development near the Barclays Center in Downtown...
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02/16/16
Greenland Forest City is exploring the possibility of constructing Brooklyn’s largest office tower at its Pacific Park development near the Barclays Center in Downtown Brooklyn....
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02/08/16
Modular manufacturer Capsys may be shutting down its Brooklyn factory, but the company’s name will live on. Pennsylvania-based modular firm Whitley Manufacturing is buying Capsys...
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02/05/16
From the February issue: In early January, Forest City Ratner became the latest prominent real estate company to ditch the secrecy of private ownership in...
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01/27/16
Slate is ditching the West Village for Brooklyn. The web magazine signed a 21,000 square-foot lease at the Forest City Ratner’s Metrotech Center on Downtown...
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01/27/16
Two of the largest foreign investors in New York City real estate are at odds over the value of EB-5 investment, a funding vehicle popular...
Maryanne Gilmartin
01/26/16
It’s the fuse that finally burnt out. Electronics chain P.C. Richard & Son is suing Forest City Ratner over the eminent domain condemnation of the...
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01/26/16
A Cuomo-administration policy to divert minors from the state prison system has the Brooklyn Family Court on the lookout for new space. The court, which...
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01/18/16
Skanska USA’s Richard Cavallaro is taking the reins at the New York City Building Congress. Cavallaro was elected chair of the association at the group’s last...
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01/14/16
Did you know four of the five largest buildings in Manhattan developed with the 421a tax abatement are on the West Side? Or that Silverstein Properties...
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12/23/15
UPDATED, 10:17 p.m., Dec. 23: Billionaire Russian oligarch Mikhail Prokhorov finalized a deal to purchase Forest City Ratner’s stake in the Barclays Center arena and the...
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12/17/15
Forest City Ratner is suing the guarantors of a Times Square restaurant that it claims has it failed to pay more than $1 million in...
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12/14/15
Forest City Enterprises is reportedly finalizing a deal to offload its stake in the Brooklyn Nets and in the Barclays Center, to Nets majority owner Mikhail...
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12/07/15
When Oct. 21, 2015 finally rolled around earlier this year, few could resist comparing how accurately the movie “Back to the Future” envisioned the world of today...
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12/07/15
From the December issue: In Brooklyn, any ranking of top real estate developers is dominated by a familiar list of marquee firms led by Forest...
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12/03/15
Mayor Bill de Blasio and Gov. Andrew Cuomo don’t see eye-to-eye on much these days, but they have resolved a fight over federally tax-exempt housing...
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12/03/15
From left: Eric Stevenson, William Boyland Jr., Sheldon Silver, Miguel Martinez, Vincent Leibell III and Carl Kruger (credit: Rich Bockmann) Sheldon Silver’s conviction this week...
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12/02/15
From the December issue: When WeWork’s co-founder Adam Neumann first met Forest City Ratner’s top two executives — Bruce Ratner and MaryAnne Gilmartin — four...
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12/02/15
If a program gave a developer $600 million in cheap financing, how much would the developer spend fighting for its right to exist? In 2015,...
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12/01/15
Forest City Ratner has notified the New York State Department of Labor that it may lay off 220 employees from its newly formed modular division...
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11/23/15
UPDATED, 5:36 p.m., NOV 23: In May, the Department of Buildings began issuing an unusually high number of construction permits, stamping hundreds of plans that...
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11/13/15
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11/11/15
Ifei Chang may have stepped away from the helm of Greenland USA and its massive Pacific Park development in Brooklyn, but she isn’t ready to...
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Forest City Ratner, Executive Vice President
1 MetroTech Center North, Brooklyn, NY, 718-923-8400
Katherine Welch is an executive vice president at Forest City Ratner, a Brooklyn-based...
Forest City Ratner, Executive Vice President
1 MetroTech Center North, Brooklyn, NY, 718-923-8400
Robert “Bob” Sanna is an executive vice president and head of construction at...
Forest City Ratner, Vice President, Commercial Development and Leasing
1 MetroTech Center North, Brooklyn, NY, 718-923-8400
Ali Esmaeilzadeh is vice president of commercial development and leasing at Forest City...
Forest City Ratner, COO
1 MetroTech Center North, Brooklyn, NY, 718-923-8400
David L. Berliner is a chief operating officer at Forest City Ratner, a...
Forest City Ratner, Executive Vice President, Residential development
1 MetroTech Center North, Brooklyn, NY, 718-923-8400
Susi Yu is an executive vice president at Forest City Ratner, a Brooklyn...
Forest City Ratner, President and CEO
1 MetroTech Center North, Brooklyn, NY, 718-923-8400
Mary Anne Gilmartin is president and CEO at Forest City Ratner, a New...
Forest City Ratner, Executive Chairman
1 MetroTech Roadway, Brookyn, NY, 718-923-8400
Bruce Ratner is the executive chairman of New York City real estate development...
  • Event Financing
  • Address 550 Vanderbilt Avenue
  • Neighborhood Prospect Heights
  • Borough Brooklyn
  • Square feet 278
  • Price $ 200,000,000
  • Publication Date 08/01/2015
  • Event Date 06/22/2015
  • Party 1 Greenland Group, Forest City Ratner
  • Party 2 HSBC Holdings
notes
The Chinese developer and Forest City Ratner secured a $200 million loan for the condo project. Additional information: 278 residential units
  • Event Financing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 1,500,000
  • Publication Date 12/01/2007
  • Event Date 10/22/2007
  • Party 1 Forest City Ratner
  • Party 2 HSH Nordbank AG
notes
The co-owner of the New York Times Building closed on its $640 million refinancing. Forest City Ratner owns floors 29 through 50, the 52nd floor and 21,000 square feet of ground-floor retail. The New York Times owns the second through 27th floors. 52-story office building.
  • Event Financing
  • Building Name Beekman Tower
  • Address 8 Spruce Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,100,000
  • Publication Date 05/01/2008
  • Event Date 03/22/2008
  • Party 1 Forest City Ratner
  • Party 1 Brokerage Forest City Ratner
  • Party 1 Broker Andrew Silberfein
  • Party 2 Eurohypo AG, Nord/LB, ING Real Estate Finance, Fifth Third Bank, RBS Citizens, National Electrical Benefit Fund
notes
A $680 million construction loan was arranged for the project, which will include 904 apartments, a school, an ambulatory care center, 1,300 square feet of retail and a 175-car parking garage. The New York City Housing Development Corporation is issuing the $680 million in bonds, with $204 million coming from the New York Liberty Bond Program. 76-story mixed-use building.
  • Event Sales
  • Building Name Hilton Times Square
  • Address 234 West 42nd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Price $ 242,500,000
  • Price per foot $ 545,000.00
  • Publication Date 05/01/2006
  • Event Date 03/22/2006
  • Party 1 Forest City Ratner
  • Party 2 Sunstone Hotel Investors Inc.
notes
The California-based REIT paid $242.5 million, or $545,000 per key for the hotel located a half block west of Times Square. Sunstone made an additional $15 million payment to convert the property to a franchise. Concurrent with the close of the buy, Sunstone has assumed an $81 million note due in 2010 with a rate of 5.9 percent per annum.
  • Event Sales
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Publication Date 07/01/2006
  • Event Date 05/22/2006
  • Party 1 ING Real Estate
  • Party 2 Forest City Ratner
notes
Forest City Ratner agreed to acquire ING Real Estate's interest in the new New York Times headquarters building currently under construction. The two firms had owned floors 29 through 52, which totaled 700,000 square feet of office space and 24,000 square feet of retail on the ground floor. The two firms partnered to acquire the space in December 2001. Price n/a.
  • Event Retail Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 5,274
  • Publication Date 03/01/2008
  • Event Date 01/21/2008
  • Party 1 Forest City Ratner
  • Party 2 Montenapo by Bice
  • Party 2 Brokerage World of Concepts
  • Party 2 Broker Elizabeth Hazan
notes
The Italian restaurant signed a lease for street-level space.
  • Event Retail Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 3,200
  • Publication Date 03/01/2008
  • Event Date 01/21/2008
  • Party 1 Forest City Ratner
  • Party 2 Andrew and Jonathan Schnipper
  • Party 2 Brokerage Dobbs Associates
  • Party 2 Broker Candice Dobbs
notes
The founders of the Hale and Hearty Soup chain inked a 20-year lease for the last available retail space at the New York Times Building. The brothers plan to open an updated version of a classic roadside eatery.
  • Event Retail Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 3,000
  • Publication Date 11/01/2007
  • Event Date 09/22/2007
  • Party 1 Forest City Ratner
  • Party 1 Brokerage In-house
  • Party 2 Inakaya
  • Party 2 Brokerage Okada International
  • Party 2 Broker Naomi Okada
notes
The Tokyo-based restaurant signed a lease to open its first American location. Three of the five available retail units at the property are now leased.
  • Event Retail Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 3,200
  • Publication Date 11/01/2007
  • Event Date 09/22/2007
  • Party 1 Forest City Ratner
  • Party 1 Brokerage In-house
  • Party 2 Dean & DeLuca
  • Party 2 Brokerage Dobbs Associates
  • Party 2 Broker Candice Dobbs
notes
The gourmet grocery store chain signed a lease for one of five retail spaces in the building to open its seventh New York location. It plans to open a café with seating for 60 in mid-2008.
  • Event Retail Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 5,000
  • Publication Date 04/01/2007
  • Event Date 02/20/2007
  • Party 1 Forest City Ratner
  • Party 1 Brokerage In-house
  • Party 2 Muji
  • Party 2 Brokerage Okada International
  • Party 2 Broker Naomi Okada
notes
The Japanese clothing and housewares retailer inked the first retail lease in the under-construction tower.
  • Event Retail Leasing
  • Address 234 West 42nd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 30,000
notes
Dallas-based restaurant and arcade takes space in the Hilton Hotel complex for its first Manhattan location.
  • Event Retail Leasing
  • Building Name East River Plaza
  • Address 520 East 117th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 110,000
  • Publication Date 03/01/2006
  • Event Date 01/20/2006
  • Party 1 Blumenfeld Development Corporation, Forest City Ratner
  • Party 2 Home Depot
notes
Home Depot signs lease at Harlem retail complex; construction is expected to begin in March and last two years.
  • Event Retail Leasing
  • Building Name East River Plaza
  • Address 520 East 117th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 135,000
  • Publication Date 03/01/2006
  • Event Date 01/20/2006
  • Party 1 Blumenfeld Development Corporation, Forest City Ratner
  • Party 2 Costco
notes
Costco was expected to close on the deal in February, according to reports.
  • Event Retail Leasing
  • Building Name East River Plaza
  • Address 517 East 117th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Square feet 33,000
notes
The department store inked a lease for space on the fourth floor of the 485,000-square-foot retail development.
  • Event Office Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 216,926
notes
The law firm inked a 15-year lease for floors 23 through 27 and floors 29 and 30. The space comprises 154,584 square feet owned by the New York Times and 62,342 square feet owned by Forest City Ratner. With the execution of this lease, the Times portion of the building is 100 percent occupied, and the Forest City Ratner portion is 85 percent occupied.
  • Event Office Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 24,376
  • Publication Date 11/01/2008
  • Event Date 09/22/2008
  • Party 1 Forest City Ratner
  • Party 2 First Solar
notes
The solar technology manufacturer signed a lease for space on the 44th floor.
  • Event Office Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 3,500
notes
The developer took space on the 38th floor.
  • Event Office Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 5,300
  • Publication Date 06/01/2007
  • Event Date 04/22/2007
  • Party 1 Forest City Ratner
  • Party 2 Samoo Architecture
notes
The Korean architecture firm took space on the 38th floor.
  • Event Office Leasing
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 100,000
  • Price per foot $ 0.00
notes
The law firm, the first tenant to commit to space in the still-under-construction New York Times headquarters, inked a 17-year lease for floors 31 through 33. The law firm is relocating from its current 60,000-square-foot space on non-contiguous floors at 1270 Sixth Avenue. Forest City Ratner, which owns floors 29 through 52, expects the building to be ready for occupancy in the second quarter of 2007. The New York Times owns floors 2 though 28.
  • Event Office Leasing
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 64,000
notes
The Toronto-based business law firm inked a 15-year lease for 64,000 square feet of space on floors 36 and 37. With this agreement, 324,000 square feet of space in the 52-story tower is now leased by lawyers.
  • Event Office Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 160,000
notes
The firm signed a 20-year lease (with options for additional space) to occupy floors 39 through 43. It is expected to move in during spring 2007.
  • Event Office Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 200,000
notes
The Baltimore-based investment firm, along with its subsidiaries Western Asset Management and ClearBridge Advisors, inked a deal for floors 45 through 50 and the right to create a rooftop garden.
  • Event Office Leasing
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 7,492
notes
The representatives of Belgium's Flemish-speaking community signed a lease for space on the 44th floor.
  • Event Office Leasing
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 31,753
notes
The farm supplies wholesaler took space.
  • Event Office Leasing
  • Building Name New York Times Building
  • Address 620 Eighth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 31,753
notes
The firm, whose acronym stands for Judicial Arbitration and Mediation Services, inked a lease for the entire 34th floor.
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