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May 14, 2010

In third list of NY Observer's "most powerful people in New York real estate," Ratner drops down and Prokhorov debuts

Atlantic Yards Report

The New York Observer has produced its third edition of the Power 100: The Most Powerful People in New York Real Estate. Notably, Bruce Ratner continues to drop down the list, from #8 in 2008 to #23 in 2009 to #53 this year.

And Mikhail Prokhorov debuts ahead of Ratner, at #43.

Sure, Ratner could not have moved Atlantic Yards without the deal to sell 80% of the Nets and 45% of the arena--actually, the arena operating company--to Prokhorov, but Ratner has the connections and pays for the lobbying. He's still more powerful, in my book.

Also notable is the debut appearance of New York Times real estate/development reporter Charles Bagli, who should have made all three lists, though not for his coverage of AY.

It's hard to believe that, in 2008, I was on the list. Not anymore.

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Related coverage...

NY Observer, Power 100: The Most Powerful People in New York Real Estate

#43: Mikhail Prokhorov, Would-be owner of the Brooklyn Nets

Assuming the NBA gives him the thumbs-up, Mr. Prokhorov, a Russian billionaire, is slated to become owner of New York City’s newest professional sports team, as well as a co-owner of the Barclays Center now under construction in downtown Brooklyn after seven years of planning.

#53: Bruce Ratner (23), Chairman of Forest City Ratner

For the past seven years, Mr. Ratner’s focus has been on Atlantic Yards, the planned home to a Brooklyn Nets arena and, eventually, thousands of units of housing. This spring, he finally emerged the winner of the fight with defiant landowners. He was clearly wounded by delays and the economic crash, but he is still standing, and construction is under way.

#61: Charles Bagli, Staff writer for The New York Times

In a world of blogs, sometimes it takes the most influential news organization to call the end of an era. Mr. Bagli (an Observer alumnus!) did just that in October 2008, in a story titled “Failed Deals Replace Boom in New York Real Estate.” Since then, he’s documented every major development, successful or struggling, from Stuy Town to N.Y.U. to Atlantic Yards.

Posted by eric at May 14, 2010 11:33 AM