In third list of NY Observer's "most powerful people in New York real estate," Ratner drops down and Prokhorov debuts
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. I write for posterity.
According to the Observer's summary:
This year, the list, like the industry it chronicles, is very much in motion. Pinning down who is up, if anybody, and who is down the most changes by the day. This represents our take on the most powerful people in New York real estate right now.Selected profiles
And yet about three-fourths of the people here are returnees, which says something about the closed club that is New York real estate.
#3: Mort Zuckerman (3)
Chairman-CEO of Boston Properties(He's also owner of the New York Daily News, a cheerleader for development projects like Atlantic Yards.)
Not only does Mr. Zuckerman’s Boston Properties control 8.88 million square feet of office property in New York City, including the GM Building, but he’s on the prowl for more, one of three runners-up, along with Douglas Durst (No. 8) and Stephen Ross (No. 1), to buy an equity stake in the building formerly known as the Freedom Tower.
#43: Mikhail Prokhorov
Would-be owner of the Brooklyn Nets(Note that this was published days before the ownership transfer went through.)
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(Um, Ratner didn't emerge the winner without massive help from the government.)
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(Or, in the case of Atlantic Yards, documented it rather thinly.)
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.