Last August, Forest City indicated it could put such retail buildings on sale.
According to a 2011 New York Times interview with Madison International's Ronald Dickerman, "They came to us, I think, in September 2010 to fund their go-forward investments. You may know that the Atlantic Yards development is something like $4 billion."
The malls were fully occupied and leased, he said. "We invest in core Class A assets where the building itself is relatively stable and the deal is not distressed. What’s distressed about the transaction is the fatigue of the underlying investor."