Deals
Forest City Signs Deal to Sell Atlantic Yards Stake to Greenland
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Forest City Enterprises Inc. reached a definitive agreement to sell a 70 percent stake in Atlantic Yards, its 22-acre development in Brooklyn, New York, to Greenland Holding Group Co.
Greenland, based in Shanghai, and Cleveland-based Forest City will co-develop the $5 billion project, including infrastructure and 14 apartment buildings, the companies said in a joint statement today. They had signed a memorandum of understanding for the venture in October.