Case | HBS Case Collection | July 2017

A Green Forest Grows in Brooklyn: Joint Venturing with the Chinese

by Charles F. Wu

Abstract

MaryAnne Gilmartin, President and CEO of Forest City Ratner (“Forest City”) was planning for yet another protracted discussion over the merits of a green roof for part of her $5 billion dollar new development in Brooklyn. While the low seven-figure cost overrun was to be “value-engineered” and in the scheme of things, this budgeted item was not going to impact the financial success of the project, it had become a heated source of contention. Was the debate symptomatic of something deeper that was amiss in the relationship?

Keywords: joint ventures; real estate development; real estate; EB-5; sustainability; promote; waterfall; Joint Ventures; Environmental Sustainability; Relationships; Real Estate Industry; China;

Language: English Format: Print 12 pages Educators

Citation:

Wu, Charles F. "A Green Forest Grows in Brooklyn: Joint Venturing with the Chinese." Harvard Business School Case 218-010, July 2017.

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About the Author

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Charles F. Wu
Senior Lecturer of Business Administration
Finance

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