Yards project as well as long-term
NEW YORK CITY-Michael Lonsway, most recently SVP of capital markets at Forest City Enterprises, has moved over from the Cleveland-based parent company to Forest City Ratner Cos., where he now serves as EVP and CFO. FCRC made the announcement this past Saturday; Lonsway’s appointment is effective immediately.
Although Lonsway’s long-term duties will encompass building and maintaining relationships with investors along with directing FCRC’s financial planning and reporting, his immediate focus is the company’s Atlantic Yards project, the $4.9-billion mixed-use development in Downtown Brooklyn. The project made headlines last month when the New York Islanders hockey franchise announced a move to Barclays Center, the Atlantic Yards arena that’s also home to the Nets basketball franchise, effective with the 2015-2016 season.
In the offing is a groundbreaking for B2 Brooklyn, which will be the first residential tower in the Atlantic Yards complex. The groundbreaking is slated for Dec. 18; FCRC has scheduled an informational meeting on the building’s design for this Thursday at Brooklyn Borough Hall.
In a statement, Bruce Ratner, FCRC’s chairman and CEO, says Lonsway brings “tremendous depth of experience in finance as well as proven leadership skill” to his company. “He also has deep knowledge of our business model and our goals for future growth. Mike has a genuine ability to connect with people and to synthesize and communicate complex financial information with ease.”
Before joining Forest City in 2004, Lonsway served as a divisional comptroller for IMG Worldwide, the global sports management and marketing company. Before that, he was CFO for automotive supply distributor Wurth USA (a division of Germany’s Wurth Group, and began his career with the Sherwin-Williams Co., where he served as a field auditor and international accounting manager for the paint and coatings maker.