Forest City project win in eminent domain case a positive, says Keefe Bruyette
Keefe Bruyette notes that the NY State Court of Appeals ruled in favor of Empire State Development Corp. on use of eminent domain for Atlantic Yards project in Brooklyn, what the firm views as the last major legal hurdle for the Forest City project. Keefe Bruyette finds this development positive for Forest City and keeps an Outperform rating on the stock. :theflyonthewall.com
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