Forest City Ratner Taps New CFO

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.