From the Daily News:
After years of lording over Atlantic Yards, Brooklyn developer Bruce Ratner is looking for some help to get his apartment towers off the ground.
Ratner's Forest City Ratner Co. is now seeking to sell a 50 to 80 percent stake in the 22-acre development's housing component.
This is not the first time Ratner has sold a stake in portions of the Atlantic Yards project. In 2009, he sold a stake in both the Brooklyn Nets and their arena, the Barclays Center, to Russian billionaire Mikhail Prokhorov, raising more than $200 million to get the arena built. He also sold off a 49 percent stake in 15 of the company's retail centers in the metropolitan region, including the Atlantic Center mall across the street from the arena, to raise cash toward construction.
Friday, 23 August 2013
Ratner looking to sell large stake in AY project
Posted on 21:11 by Unknown
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment