By Gus Delaporte 4/23 8:00am

The Sit-Down

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Our Lady of the Forest: MaryAnne Gilmartin On Taking Charge at FCRC

Last week, Forest City Enterprises confirmed what had become an open secret in New York real estate circles: MaryAnne Gilmartin would succeed Bruce Ratner as president and chief executive of the company’s New York subsidiary, Forest City Ratner Companies. Ms Gilmartin spoke with The Commercial Observer on the day of the announcement last week about the process of deciding on a succession plan, what she will bring to the table and how her ascension to the top of FCRC will impact the way women are viewed in the real estate industry.

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By Daniel Edward Rosen 1/03/12 10:26am

Obituaries

Wm. Polk Carey, 1930-2012

W.P. Carey & Co. Founder, Real Estate Legend: R.I.P.

Wm. “Bill” Polk Carey, founder and chairman of investment management firm W.P. Carey & Co. that specialized in the acquisition and management of single-tenanted commercial real estate, died yesterday of natural causes at a Florida hospital, his company announced.

He was 81.

In 2009, W.P. Carey & Co. paid $225 million for 21 floors at the New York Times Building at 620 Eighth Avenue under a sale-leaseback arrangement, with the newspaper agreeing to lease out space in the building for up to 15 years. Read More