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NEW YORK CITY-Forest City Ratner Cos. has hired CBRE to market a stake of up to 80% in its $5-billion Atlantic Yards mixed-use development in Downtown Brooklyn, an industry source confirms. Real Estate Alert first reported earlier this week that the Brooklyn-based unit of Forest City Enterprises had tapped the investment sales team of Darcy Stacom and William Shanahan, both vice chairmen at CBRE.

In an interview with the New York Times on Thursday, FCRC CEO MaryAnne Gilmartin said proceeds from the sale would help the company move forward on development of some long-delayed components of the project. “The money will be invested in the Atlantic Yards project,” Gilmartin told the Times. “We’ll retain our position as the managing member. It’s exciting; it raises the possibility that we’ll be able to accelerate vertical development there.”

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