Monday, June 30, 2008

Former FCR executive Stuckey aims to cash in on insider info

Develop Don't Destroy Brooklyn points us to a web page for former Forest City Ratner executive Jim Stuckey's latest venture, Verdnat Properties, and questions his commitment to "sustainable, harmonious development."

The more important asset Verdant brings, however, may be the inside track. To quote the company's web site:
With over three decades of proven experience, and relationships with property owners and tenants; brokers and appraisers; architects and attorneys; title companies and accountants; and, lenders and investors – the principals of VERDANT PROPERTIES, LLC™ frequently learn of opportunities to acquire properties long before their competitors, and often times, these assets are never publicly marketed.
(Emphasis added)

Remember, Forest City Ratner was anointed developer of the Metropolitan Transportation Authority's Vanderbilt Yard 18 months before an RFP was issued.

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