News

Citywide Community Board Reform on Table at City Council Hearing
DNAinfo
For example, former Brooklyn Borough President Marty Markowitz was criticized in 2007 for not reappointing community board members who disagreed with him on the Atlantic Yards development. Meanwhile, the boards have increasingly gained power ...
Common Cause/NY on Best Practices for Community Board Recruitment and ...ReadMedia (press release)

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Realty Today
RXR Realty acquires Fort Greene office leasehold for $200 million
Realty Today
RXR Realty has entered into collaboration with American Landmark Properties to acquire a 75-year lease of a 650,000-square-foot office building located on 470 Vanderbilt Avenue in Fort Greene, close to Barclays Center, Brooklyn, for a little less than ...

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Greenland Holding to Invest $3.3 Billion in Malaysia Residential, Hotel Projects
Wall Street Journal
In the last six months alone, Greenland—which may complete a domestic listing by June—bought a 70% stake in Brooklyn's $5 billion Atlantic Yards project and paid $1 billion for a piece of land in Los Angeles on which it plans to build a hotel, office ...

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Big Manhattan landlord makes $200M buy in B'klyn
Crain's New York Business
The deal also is another sign that years after Brooklyn became one of the most sought after areas of the city to live, it will also continue to gain in popularity as a place to work—especially among its own growing pool of young residents. The ...

Forest City Enterprises, Inc. (FCE.A) news: Forest City Enterprises Management ...
Seeking Alpha
We signed a definitive agreement with Greenland Group for Atlantic Yards in Brooklyn. We activated new entitled development and core markets, including 2 projects that are part of our residential development fund with the Arizona State Retirement System.

WHO'S NEWS: Kelli Mekles named vice chair at YM/WREA; New partner at ...
Real Estate Weekly
Currently, Jenkins is the account manager overseeing the B2 high rise residential project for the Atlantic Yards development, which when completed will be the tallest modular building in the world. She is also responsible for the day-to-day management ...

WHO'S NEWS: Kelli Mekles named vice chair at YM/WREA; New partner at ...
Real Estate Weekly
Currently, Jenkins is the account manager overseeing the B2 high rise residential project for the Atlantic Yards development, which when completed will be the tallest modular building in the world. She is also responsible for the day-to-day management ...

Value drop at Atlantic Yards project hurts Forest City's financial results for ...
The Plain Dealer
Forest City slashed the value of its massive Atlantic Yards project in Brooklyn by $242.4 million as the company took on a joint-venture partner at the end of 2013. And Forest City already had docked the value of a Las Vegas site by $97.4 million ...
Forest City Reports Results for 11 Months Ended December 31, 2013PR Newswire (press release)

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Building tomorrow's New York City
Real Estate Weekly
Panelists include Melissa Román Burch, an EVP Forest City Ratner overseeing the company's commercial and residential development projects, including the Atlantic Yards Development in Downtown Brooklyn, as well as Sara Queen, an SVP for asset ...

Wall Street Journal (blog)
China Demand for US Property to Boost Investment
Wall Street Journal (blog)
... Shanghai conglomerate Fosun International bought Chase Manhattan Plaza in New York for $725 million while state-owned Greenland Holding Group took a 70% stake in the $5 billion Atlantic Yards project, a residential apartment project in Brooklyn ...

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New York Daily News
Barclays Center will mute loud concert noise
New York Daily News
A nearby development slated for 2,250 units of affordable housing is being planned by Forest City Ratner and the Greenland Group, which recently acquired the majority stake in the 22-acre Atlantic Yards site. “We have as much motivation as anyone in ...

Barclays Center Soundproofed Before The Ozzman Cometh
Commercial Observer
Particularly loud acts visiting the Barclays Center in Brooklyn will be asked to keep the noise down despite the recent installation of 1,800 insulated ceiling panels meant to keep sound from escaping the arena and into the rattled ears of fed up ...

City Point of No Return
Commercial Observer
Encompassing up to 700,000 square feet of retail space and at least two residential towers, the massive 1.8-million-square-foot project reflects a need and desire for large-scale development in Brooklyn echoed by that rising nearby at Atlantic Yards.

City Point of No Return
Commercial Observer
Encompassing up to 700,000 square feet of retail space and at least two residential towers, the massive 1.8-million-square-foot project reflects a need and desire for large-scale development in Brooklyn echoed by that rising nearby at Atlantic Yards ...

Quarterly Market Report: Executive interview with Shimon Shkury, president of ...
New York Real Estate Journal Online
Foreign investment was apparent in downtown Brooklyn with Greenland Holdings Group of China's purchase of a majority stake in Atlantic Yards. Queens: Investment property sales transactions in Queens increased 58% to 519 and the number of investment ...

De Blasio pitches tax hike to real estate execs
Crain's New York Business (blog)
Mr. de Blasio has had a see-saw relationship with the real estate industry over the years. He supported Forest City Ratner's Atlantic Yards project in Brooklyn, despite community opposition, and sided with Toll Brothers in their pitch to build luxury ...

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Real Estate Weekly
Big, bold and messy; Things Melissa Burch loves about real estate
Real Estate Weekly
Today, the developer behind the New York Times Building, New York by Gehry and the MetroTech Center in Brooklyn is many years into its huge, multi-use development at Atlantic Yards, with many years left to go. It has also started work on the Roosevelt ...

Chinese owners set to break ground on sprawling LA complex
Los Angeles Times
... company with major developments in Sydney, Australia; London; and Seoul. In December, Greenland agreed to become the majority owner-developer of the $4-billion Atlantic Yards residential complex planned in Brooklyn, N.Y.. roger.vincent@latimes.com.

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DLA Piper's Asia leadership question
The Lawyer
A highlight was the firm's role in advising Chinese property developer Greenland Holdings on the purchase of a 70 per cent stake in the Brooklyn Atlantic Yards project. O'Malley notes that the firm's strategic shift has been 18 months in the making ...

Phil Reisman: Echo Bay suit is Forest City v. the people
The Journal News / Lohud.com
Forest City's hardball reputation was earned by other large-scale, mixed-use development projects in the metropolitan region, namely Atlantic Yards in Brooklyn and Ridge Hill in Yonkers. One of the loudest critics has been Cause of Action, a Washington ...