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| | Ratner To Cash In on Stake in His Company - August 11, 2006 - The New York Sun |
 | | Developer Bruce Ratner will net more than $60 million in cash by selling his 30% stake in Forest City Ratner to its parent company. |
 | | Ratner's title, president and chief executive officer of Forest City Ratner, will not change, and he will oversee the $4.2 billion proposal to build a basketball arena and 16 towers containing more than 2,300 market-rate condominiums, 4,500 rental apartments, and office and retail space near downtown Brooklyn, according to a statement by Forest City Enterprises. |
 | | Ratner, a former commissioner of the city's Department of Consumer Affairs, is developing the New York Times's new headquarters near Port Authority and a 683-unit residential building in Lower Manhattan, among other projects. |
| www.nysun.com /article/37756 (473 words) |
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