What is being referred to is the Maxwell-Faraday equation
$$
\nabla \times \vec E' = - \frac{\partial \vec B'}{\partial t}
$$
leading to the given relation. The behaviour of ##\vec B'## is given in the equation before, but that equation seems incomplete. Approximately (for small velocities),
$$
\vec B'(\vec r', t) = \vec B(\vec r'+\vec v t).
$$
This leads to
$$
\partial_t \vec B' = \partial_t \vec B(\vec r+ \vec v t) = (\vec v \cdot \nabla)\vec B.
$$
For the left-hand side with ##\vec E' = \vec v \times \vec B## you would have
$$
\nabla \times \vec E' = \nabla \times (\vec v \times \vec B) = \vec v (\nabla \cdot \vec B) - (\vec v \cdot \nabla) \vec B = - (\vec v \cdot \nabla) \vec B,
$$
because the magnetic field is divergence free. Thus ##\vec E' = \vec v \times \vec B## solves the Maxwell-Faraday equation.
The "better" way I think is to use the Lorentz transformation properties of the electromagnetic field.