{"id":1004071160,"date":"2013-04-18T06:29:22","date_gmt":"2013-04-18T14:29:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004071160"},"modified":"2020-04-15T09:41:59","modified_gmt":"2020-04-15T17:41:59","slug":"gilmartin-tapped-as-new-fcrc-ceo","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gilmartin-tapped-as-new-fcrc-ceo\/","title":{"rendered":"Gilmartin Tapped as New FCRC CEO"},"content":{"rendered":"<p><em>By Gail Kalinoski, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/MaryAnne_Gilmartin_Headshot.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004071162\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/gilmartin-tapped-as-new-fcrc-ceo\/maryanne_gilmartin_headshot\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/MaryAnne_Gilmartin_Headshot.jpg\" data-orig-size=\"336,348\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"MaryAnne_Gilmartin_Headshot\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/MaryAnne_Gilmartin_Headshot.jpg?w=336\" class=\"alignleft size-thumbnail wp-image-1004071162\" title=\"MaryAnne_Gilmartin_Headshot\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/MaryAnne_Gilmartin_Headshot.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p>MaryAnne Gilmartin, a longtime executive at Forest City Ratner Companies, has been named president and CEO, succeeding Bruce Ratner, who will stay on as executive chairman of the Brooklyn-based development company.<\/p>\n<p>The promotion is part of the company\u2019s ongoing succession planning and takes effect immediately.<\/p>\n<p>Gilmartin, formerly executive vice president in charge of commercial and residential development at FCRC, joined the firm, a wholly owned subsidiary of Cleveland-based Forest City Enterprises, Inc., in 1994. She has since played a major role in most of the company\u2019s highly visible projects in the New York region, including the Barclays Center arena, which is part of the $4.9 billion, 22-acre, mixed-use Atlantic Yards development in Brooklyn. Gilmartin oversaw development of New York by Gehry, a 76-story residential building in Manhattan designed by Frank Gehry, and helped procure the firm\u2019s partnership with The New York Times to build its 1.5 million-square-foot headquarters in midtown Manhattan. She also manages the commercial portfolio at MetroTech Center in downtown Brooklyn, a 6.7 million-square-foot Class A office complex. In 2011, the firm opened Ridge Hill, a 1.3 million-square-foot mixed-use, open-air shopping center in Yonkers, N.Y., near the New York City border. Several months ago, FCRC broke ground on the first residential building in the Atlantic Yards development.<\/p>\n<p>\u201cIt is important for me and the industry to recognize MaryAnne\u2019s role in leading our major efforts from Atlantic Yards to New York by Gehry,\u201d Ratner said in a news release. \u201cWhile I will stay involved in key projects like Barclays Center, Atlantic Yards and Ridge Hill, and be active in strategic planning and new initiatives, it is the right time to make this change. I\u2019m confident MaryAnne will be a great partner as the President and CEO of FCRC.\u201d<\/p>\n<p>Ratner, who handpicked Gilmartin to join his firm, described how the two are \u201cboth developers at the core and like-minded in terms of how we see our role in the business of building communities.\u201d<\/p>\n<p>\u201cOur partnership has worked well and produced great success for the company,\u201d added Ratner, who founded FCRC in 1985 and led the firm while it completed more than $5 billion in development of 16 million square feet of office, retail, hotel, residential, sports and entertainment projects.<\/p>\n<p>David J. LaRue, Forest City Enterprises president and CEO, noted in a release that under Ratner\u2019s leadership, the New York metropolitan area has become the parent company\u2019s largest core market.<\/p>\n<p>\u201cWe are thrilled that MaryAnne Gilmartin will continue this legacy and assume day-to-day leadership of FCRC as president and CEO, and that Bruce will continue to play a key role as executive chairman,\u201d LaRue added.<\/p>\n<p>Gilmartin called her longtime mentor a \u201cvisionary in the truest sense of the word\u201d and said she was fortunate to have learned the development business from the best.<\/p>\n<p>\u201cI am thrilled to partner with Bruce and to continue his culture of excellence, while further driving the innovation that he has brought to the company,\u201d Gilmartin said in the release. \u201cLooking forward, I am excited to have the opportunity to lead FCRC through the many opportunities for growth ahead of us.\u201d<\/p>\n<p>A graduate of Fordham University, Gilmartin was named a New York City Urban Fellow and joined the city\u2019s Public Development Corporation, now Economic Development Corporation, in 1986.<\/p>\n<p>Frank Marino, CEO of New York City -based communications firm The Marino Organization,\u00a0 first met Gilmartin more than 20 years ago when he recruited her as an intern in the city\u2019s PDC.<\/p>\n<p>\u201cMaryAnne Gilmartin\u2019s ascendency to serve as the CEO of Forest City Ratner is noteworthy not only because it shatters a glass ceiling, but also because MaryAnne is a smart and accomplished visionary who will continue to be a transformative presence in New York City and beyond,\u201d Marino told <em>Commercial Property Executive.<\/em><\/p>\n<p>\u201cShe is as tenacious as she is energetic, and in making this appointment Forest City sends the message that it will continue to play a key role in reshaping the industry and the city,\u201d Marino said.<\/p>\n<p><strong>Like us on facebook:<\/strong>\u00a0<a href=\"https:\/\/www.facebook.com\/\" target=\"_blank\" rel=\"nofollow\" pages\/Commercial-Property-Executive\/258033884191?ref=ts&amp;fref=ts\">https:\/\/www.facebook.com\/pages\/Commercial-Property-Executive\/258033884191?ref=ts&amp;fref=ts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MaryAnne Gilmartin, a longtime executive at Forest City Ratner Companies, has been named president and CEO, succeeding Bruce Ratner, who will stay on as executive chairman of the Brooklyn-based development company.<\/p>\n","protected":false},"author":1068,"featured_media":1004071162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004071160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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