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October 22, 2007
Forest City Ratner names new president
Joannne Minieri, who joined Forest City Ratner in 1995, was promoted to president, and will maintain her role as chief operating officer.
Crain's NY Business
By Kira Bindrim
Forest City Enterprises on Monday promoted its chief operating officer to president of Brooklyn-based Forest City Ratner Cos., which is in the midst of developing the contentious Atlantic Yards project.
Joanne Minieri, who joined Forest City Ratner in 1995, oversaw projects that include the MetroTech center office campus and the New York Times building near Times Square.
She’s already been heavily involved in the $4 billion Atlantic Yards development, which includes an arena, a 511-foot tower and 15 other buildings over an active rail yard in Prospect Heights.
NoLandGrab: Crazy, you'd think that reporters would have figured out by now that the railyards account for just 40% of the project. But that's the amuse bouche to the pr gruel that comes next.
“As a Brooklyn native, I am especially proud to work for an organization that is committed to bringing real, substantial economic revitalization to the city and borough,” said Ms. Minieri.
Bruce Ratner had been serving as president in addition to his role as chief executive. He will remain CEO and assume the title of chairman.
In June Mr. Ratner tapped Maryanne Gilmartin, head of commercial and residential development for Forest City, to lead the project.
NoLandGrab: Gilmartin replaced Jim Stuckey, who left all of the sudden to spend more time with his family.
Forest City’s portfolio includes 11 office buildings and 19 retail centers, along with 626 residential units.
MORE ON MINIERI:
Commercial Property News, Minieri Named President of Forest City Ratner
Commercial Property News
Minieri also worked with Ratner in the negotiations to acquire the NBA Nets franchise in 2004. She remains active in managing the company’s investment in the team, including the plan to bring the Nets to their new home, the Frank Gehry-designed Barclays Center at Atlantic Yards.
Crain's chose to run a quote intended to create the appearance that FCR's goals are aligned with the City's. CPN's quote euphemistically explains that it's about maximizing returns for investors:
“Currently, Bruce and I are working hand-in-hand to bring value creation to our investors and make our terrific pipeline of projects … a reality for all New Yorkers,” said Minieri. “It is a very exciting and busy time at Forest City.”
Brooklyn Daily Eagle, Forest City Ratner Names New President and COO
More on Minieri:
She also will help manage the Nets’ planned move to Brooklyn. She grew up in Canarsie, the daughter of an architect, and went to local schools, then Hofstra University."
“Joanne has been integral to our success,” said Bruce Ratner, who this year was appointed to the board of Forest City Enterprises, Forest City Ratner’s nationally-active parent company. “Since she joined us in 1995, Joanne has become indispensable, taking responsibility for successfully developing our long- and short-term business plans across a growing portfolio of projects.”
Posted by lumi at October 22, 2007 10:45 AM