Tucker Reed is sweet on Brooklyn—big time. A resident of Prospect Heights who enjoys frequenting the Barclays Center, the Brooklyn Museum and the Brooklyn Academy of Music, Mr. Reed is a champion of the city’s most populous borough. He is a ball of energy as he talks about all of the work the Downtown Brooklyn Partnership has done with him as president for the past two years, from supporting the technology sector with the Brooklyn Tech Triangle Coalition to establishing Downtown Brooklyn as New York City’s college town. About a year after Commercial Observer conducted the Sit-Down interview with Mr. Tucker, we wanted to check in and see how the nonprofit has been doing with the reinvention of Downtown Brooklyn.
MaryAnne Gilmartin, president and CEO of Forest City Ratner Companies, and tech leader MakerBot CEO Bre Pettis will serve as the new co-chairs of the board of directors of the nonprofit Downtown Brooklyn Partnership.
“When the Downtown Brooklyn Partnership launched in 2006, Downtown Brooklyn looked, felt and served a very different role than today,” Downtown Brooklyn Partnership President Tucker Reed said in a statement. “Now, new firms and families are choosing to be here because of the neighborhood’s strong foundation and rich history. MaryAnne and Bre embody a new generation of Brooklyn entrepreneurs, and I am delighted that we’ll be able to tap into their experience and wisdom.”
The Russians are coming! To Brooklyn.
The investment fund Onexim, headed by Russian billionaire Mikhail Prokhorov, has agreed to a $200 million deal in which it will take a major stake in the NBA’s Nets franchise and its new arena planned for Brooklyn, part of the larger $4.9 billion Atlantic Yards project. Read More
Bruce Ratner today got to check off another box on his Atlantic Yards “To-Do Before the New Year” list.
The state’s development agency Thursday morning approved Mr. Ratner’s revised plan for his $4.9 billion Brooklyn project, giving New York’s assent to the planned Nets arena as well as the surrounding 15 apartment towers nearly Read More
The government is pouring money into state coffers for infrastructure, and Bruce Ratner apparently has his hand out, hoping to get a slice of the $789 billion pie in an effort to save his troubled Atlantic Yards project.
Opponents of the project are livid about the mere fact that Mr. Ratner wants more Read More
The word from the top brass at Forest City Enterprises, parent company of Brooklyn-based mega-developer Forest City Ratner, is the firm is suspending all new development. That is, except Atlantic Yards.
Forest City Enterprises president Chuck Ratner said in a conference call with investors and analysts that the financial crisis has forced Read More
Standard & Poor’s yesterday downgraded the credit rating of mega-developer Forest City Enterprises, the parent company of Forest City Ratner, the developer of the planned Atlantic Yards project in Brooklyn. The downgrade came as the credit markets have made the financing of new development near impossible, and Forest City, based in Cleveland and Read More
In a move that will save the owners of the Yankees, Mets and Nets tens of millions of dollars, the IRS has given its O.K. to the use of tax-free bonds to finance the construction of the teams’ new facilities, according to a state spokesman. The tax-free financing comes mostly at expense to federal taxpayers—though Read More
This morning, Norman Oder, the thorn in the side of developer Forest City Ratner who runs the Atlantic Yards Report blog, put up a post noting that the landscape architect for the more than $4 billion Brooklyn project had suddenly begun referring to his Atlantic Yards work in the past tense on his Read More
In the worsening economic downturn, some real estate investment trusts and brokerages are showing signs of weakness.
On Jan. 2, stocks of Forest City Ratner parent Forest City Enterprises traded at $43.62 a share. On Aug. 4, they traded for nearly half the price, at $25.60. Leading office landlord SL Green, which started the Read More