BruceRatner News

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Mikhail Prokhorov, Russian Billionaire, Buys the Nets

Well, that got out of hand fast: Russian tycoon Mikhail Prokhorov has officially purchased the New Jersey Nets. Speculation about Prokhorov has been building over the past week, despite Nets officials denying the team was up for sale. But Prokhorov and incumbent owner Bruce Ratner announced the deal today. According to a...

Russian Tycoon Tells Nets Owners He Wants the Team

As previously reported, Russian tycoon Mikhail Prokhorov is indeed looking to purchase the New Jersey Nets. Prokhorov posted a LiveJournal entry detailing his weekend proposal to extant Nets shareholders. I don't speak Russian, so I'll depend on Reuters's reportage, which states Prokhorov plans to invest $700 million in...

Majority Stake in Nets Being Sold to Russian Tycoon?

A report from Reuters Thursday afternoon asserted that Russian billionaire Mikhail Prokhorov was preparing an offer in the neighborhood of $700 million to purchase a stake in the Nets franchise and help build current team owner Bruce Ratner's Atlantic Yards project, which would include a new Nets arena in Brooklyn. A...

Cheaper Nets Arena Design Unveiled As Brooklyn Move Reaches Critical Moment

Ultra-famous architect Frank Gehry couldn't get his version of Brooklyn's future NBA arena built due to an incredible pricetag, but Bruce Ratner didn't give up. He just got cheaper. The result -- a new, more modest design for the planned Barclays Center -- is what you see above. (See more at Curbed.)Artist renderings...

Nets Load Up 2010 Cap Space

Orlando certainly got the best player (Vince Carter) in its deal with New Jersey today, and new Magician Ryan Anderson is a real catch, too. But beyond stellar youngster Courtney Lee, serviceable big man Tony Battie and solid point guard Rafer Alston, the Nets got another big asset: tons of cap space.New Jersey will only...

BruceRatner News From the Web

05/22/12 First look: Inside Brooklyn Nets' new arena Source: USA Today An arena grows in Brooklyn with the new $1 billion Barclays Center opening this fall.
05/11/12 Bruce Ratner Sees `Crazy' Demand for NYC Rental Space Source: Bloomberg.com Bruce Ratner, chairman and chief executive officer of Forest City Ratner Cos., discusses the New York real estate market and the outlook for ticket sales at the Barclays Center sports and entertainment arena and rental space at Atlantic Yards in Brooklyn.
05/09/12 Commercial Observer has some fun with my "defense" of... Source: Atlantic Yards Report Not to get all meta-insider-y or anything, but The New York Observer/Commercial Observer, which devoted one whole paragraph to developer Bruce Ratner in its "Power 100" list, devotes a whole bunch more to the purportedly man-bites-dog phenomenon of my argument that Ratner deserved a somewhat higher rank.
05/09/12 Ratner's Drop In Power 100 Too Much: Norman Oder Source: The Politicker - The New York Observer Forest City Ratner developer Bruce Ratner suffered one of the most dramatic drops in this year's Power 100 (at least, without actually dropping out of the list), going from 48 in 2011 to 72 in 2012.
05/08/12 From The Classical: Why the NBA Loves the Brooklyn... Source: Downtown Star - Brooklyn NY After I covered the April 30 launch of the new Brooklyn Nets logo, a reader commented quizzically that the NBA couldn't be marketing itself in 215 countries, as Deputy Commissioner Adam Silver claimed, because there aren't 215 countries.