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May 20, 2009
Forest City’s Planned NJ Nets Arena Clears Another Legal Hurdle
CoStar Group
By Randyl Drummer
Forest City Ratner Companies is claiming a court victory in its attempt to move the NBA’s New Jersey Nets onto the hardwood floor at the company’s Atlantic Yards project in Brooklyn, NY.
In other news from the industry newsheet, CoStar Group is reporting that Saks Fifth Avenue has signed on as the anchor tenant for Forest City Ratner's Ridge Hill project in Yonkers.
Forest City Ratner Companies (FCRC) announced that Saks Fifth Avenue signed a Letter of Intent to anchor the company's mixed-use development, Westchester's Ridge Hill, which is currently under construction. Saks plans to open an 80,000-square-foot store at the development, which is located between the New York State Thruway and Sprain Brook Parkway in Westchester County, New York.
Posted by lumi at May 20, 2009 6:29 AM