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  • July 2017
  • Case
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A Green Forest Grows in Brooklyn: Joint Venturing with the Chinese

By: Charles F. Wu
  • Format:Print
  • | Language:English
  • | Pages:12 
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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? How had differing expectations of the participants in this marriage of Chinese capital and Western development led to the present challenges?

Keywords

Joint Ventures; Real Estate Development; Real Estate; Eb-5; Sustainability; Promote; Waterfall; Joint Ventures; Environmental Sustainability; Relationships; Real Estate Industry; China

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

Charles F. Wu

Finance
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Related Work

    • August 2018
    • Faculty Research

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

    By: Charles F. Wu
Related Work
  • A Green Forest Grows in Brooklyn: Joint Venturing with the Chinese By: Charles F. Wu
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