Forest City Picks Broker for Stadium-Area Leasing
More real estate news around the new stadium: Forest City Washington, Inc., part of Cleveland-based Forest City Enterprises, selected CB Richard Ellis as the exclusive office brokerage firm to handle the leasing of the first office building that Forest City is developing in Southeast as a part of its sprawling, 42-acre urban mixed-used project known as The Yards.
I wrote about The Yards and Forest City Washington's president, Deborah Ratner Salzberg, a few weeks ago.
The Yards will include 1.8 million square feet of new-construction office space, 2,800 residential units, approximately 300,000 square feet of retail space and a significant riverfront park. The project will be built in phases and eventually include more than 30 buildings. Construction starts this fall.
Forest City, a public company with more than $9 billion in assets, was founded by the Ratner Family in Cleveland in 1921.
-- Thomas Heath
July 13, 2007; 5:33 PM ET
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