« 50% Becomes a Moving Target | Main | The First Sign of a Brooklyn Development Is a Demolition »
March 9, 2006
Demolition Derby
The Real Estate Observer
By Matthew Schuerman
In addition to demolition news, the Observer reports the latest Forest City Ratner ownership figures:
As for news from the other side, Forest City Ratner gave out updated ownership numbers today, showing that it controls 89 percent of the land it needs. That sounds like a lot except it is not much more than reported last fall in the Ratner-publishedBrooklyn Standard (88 percent). Compared to figures handed out at last May’s City Council hearing, the update shows that the developer has purchased two rental buildings and four commercial properties. Notably, the update mentions that there are “no deals with two condo unit owners.” We think we know who owns one of them.
Posted by lumi at March 9, 2006 7:55 AM