News

New York Business Journal
Former Nets owner Forest City Realty in takeover talks with Brookfield
New York Business Journal
It also manages Pacific Park, a 6,430-unit mainly residential project in downtown Brooklyn — originally known as Atlantic Yards. Deal talks could still fall apart since other bidders may also emerge for the Cleveland-based Forest City, the report ...

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6Sqft (blog)
Six things you didn't know about the Prospect Heights Apartment House District
6Sqft (blog)
Constructed on a lost fragment of the original footprint of Prospect Park, the Prospect Heights Apartment House District is a concentration of 82 apartment buildings dating from 1909-1929. This development was promoted by the Prospect Park ...

The Island Now
Belmont civic leaders question Empire State Development's actions
The Island Now
The letter goes on to say that AKRF has been chosen to review other Empire State Development Corp. projects, including Atlantic Yards, Brooklyn Bridge Park and the Victoria Theater redevelopment. Aubrey Phillips, an Elmont resident and vice president ...

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BKLYNER
Neighborhood Group Proposes New Historic District in Prospect Heights
BKLYNER
... Prospect Heights Neighborhood Development Council, the group leading the preservation initiative, told Brooklyn Paper. According to Curbed, the Historic Districts Council (HDC) selected the “Prospect Heights Apartment House District” as one of its ...

Four years “pregnant”: While other Chinese companies retreat from development, Greenland dives deeper
The Real Deal Magazine
During a Wednesday meeting of the Atlantic Yards Community Development Corporation — a subsidiary of the Empire State Development Corporation — board members repeatedly asked how Greenland would take on a bigger responsibility at Pacific Park. They ...

Brooklyn Paper
Heights prospect: Preservationists support locals' push for new P'Heights historic district
Brooklyn Paper
Builders first erected the four-to-15-story apartment buildings near Prospect Park and the Brooklyn Museum to entice residents accustomed to life on a swanky street in the outer borough of Manhattan, luring buyers with the promise of “Park Avenue ...

The Real Deal Magazine
Forest City lays off 20 staffers at BK office
The Real Deal Magazine
It's also the third round of layoffs at the real estate firm's Cleveland-based parent company Forest City Realty Trust in recent years. Forest City reportedly pink-slipped 50 employees in June, and also laid off employees amid a corporate restructuring ...

The Jewish Voice (blog)
Bruce Ratner Drops Stake in Pacific Park to 5%; Sells to Greenland USA
The Jewish Voice (blog)
Sources told The Post that in the restructuring of shares, Greenland USA, Forest City New York's partner on the giant Brooklyn project, will be increasing its stake from 70 percent to 95 percent. This will put the formerly Atlantic Yards under almost ...

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The Jewish Voice (blog)
Bruce Ratner Drops Stake in Pacific Park to 5%; Sells to Greenland USA
The Jewish Voice (blog)
Bruce Ratner's real estate development company is reducing its stake in the Pacific Park mega-complex, which it launched 13 years ago, to just five percent. Sources told The Post that in the restructuring of shares, Greenland USA, Forest City New York ...

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Commercial Property Executive
Forest City Ratner CEO Launches NYC Development Firm
Commercial Property Executive
As a longtime executive at Forest City, Gilmartin spearheaded the development of the New York Times Building, the 22-acre Pacific Park—formerly known as Atlantic Yards—mixed-use development in Brooklyn and Barclays Center among other major projects ...

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New York Post
Pacific Park gets much-needed boost from ownership overhaul
New York Post
FCNY turned cautious after going public in 2016 and balked at building the rest of the structures, citing a supposed surplus of 30,000 new apartments in Brooklyn. But that didn't stop other developers from plowing ahead with massive new construction ...
Forest City Sells Most Of Its Stake In Pacific Park Development To Greenland USABKLYNER
Greenland Boosts Stake in $5B Pacific Park Project in NYC to 95%Mingtiandi
Greenland says Pacific Park's B4 site will remain residentialThe Real Deal Magazine

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BKLYNER
Forest City Sells Most Of Its Stake In Pacific Park Development To Greenland USA
BKLYNER
The building will reportedly rise 511 feet tall and contain a mix of condos and rental units, according to Atlantic Yards/Pacific Park Report. The news of restructuring the Pacific Park project comes as MaryAnne Gilmartin, Forest City's longtime ...
New Rendering for Pacific Park's Full Build-Out Depicts Neighborhood's Tallest SkyscraperNew York YIMBY
Greenland Boosts Stake in $5B Pacific Park Project in NYC to 95%Mingtiandi
Greenland says Pacific Park's B4 site will remain residentialThe Real Deal Magazine

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Mingtiandi
Greenland Boosts Stake in $5B Pacific Park Project in NYC to 95%
Mingtiandi
Greenland USA made a splash in October 2013 by agreeing to take a 70 percent stake in the project at Pacific Park, then called Atlantic Yards, as part of a $19 billion overseas investment binge by the Shanghai government-owned firm. The company paid a ...
Greenland says Pacific Park's B4 site will remain residentialThe Real Deal Magazine

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New York YIMBY
New Rendering for Pacific Park's Full Build-Out Depicts ...
New York YIMBY
YIMBY has the latest rendering of Brooklyn's mega-project, Pacific Park, which consists of 14 buildings, thanks to L&L MAG's new website.
China's Greenland Boosts Stake Pacific Park Project NYC - MingtiandiMingtiandi
Forest City Sells Most Of Its Stake In Pacific Park Development To ...BKLYNER
Greenland USA | Pacific Park | Pacific Park B4 - The Real DealThe Real Deal Magazine

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The Bridge
Real Estate Titan MaryAnne Gilmartin Starts a New Firm
The Bridge
(The website, originally on a placeholder address, was taken down for a time after The Bridge reported on it, but relaunched Jan. 15 at LLMAG.com.) The creation of the new private firm reflects a continued ascension–and perhaps a bit of an escape–for ...

The Real Deal Magazine
“It's time”: MaryAnne Gilmartin talks leaving Forest City, launching new firm
The Real Deal Magazine
Outsourcing the government relations work to L&L MAG is yet another way that Forest City, which became a real estate investment trust in 2016, is limiting its exposure to the project once known as Atlantic Yards. The New York Post reported on Sunday ...

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New York Post
Forest City to sell all but 5% of Pacific Park to Greenland USA
New York Post
The real estate development company founded by Bruce Ratner, which launched Brooklyn's Pacific Park mega-complex 13 years ago, will reduce its stake in the $5 billion project to a mere 5 percent, The Post has learned. Forest City New York's partner ...
Farewell, Forest City? MaryAnne Gilmartin may be teaming up with L&L principals on new firmThe Real Deal Magazine

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The Real Deal Magazine
Farewell, Forest City? MaryAnne Gilmartin may be teaming up with L&L principals on new firm
The Real Deal Magazine
It was first spotted by Norman Oder, the author of the Atlantic Yards/Pacific Park report, who wrote about it for the Bridge on Saturday. Gilmartin and Forest City didn't respond to requests for comment, nor did representatives for L&L. In October, L&L ...

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Reason (blog)
New York City Unleashes Eminent Domain Abuse on Immigrant Dry Cleaners in East Harlem
Reason (blog)
Unfortunately for the Baes and others like them, the U.S. Supreme Court turned a blind eye to this sort of abuse in the 2005 case of Kelo v. City of New London. On the state level, New York's highest court—the Court of Appeals—ruled 6-1 in 2009 to ...