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March 31, 2011
Forest City Ratner Unloads Share in Both Atlantic Center, Terminal
Brooklyn Daily Eagle
by Linda Collins
Forest City Ratner Companies is selling a 49-percent stake in 15 of its shopping centers, including the Atlantic Center and Atlantic Terminal at Flatbush and Atlantic avenues at the edge of Downtown Brooklyn and Fort Greene.
...The [Wall Street] Journal notes that the sale comes as Ratner is experiencing increased costs in its development of three major projects, including the Barclays Arena and housing complex at Atlantic Yards.
“The company is having difficulty starting the [Atlantic Yards] housing component,” the Journal wrote.
Posted by eric at March 31, 2011 10:22 AM