News Archive |
| Date | Title | | | | 09/01/10 | Forest City Enterprises Notice of Second-Quarter 2010 Earnings and Conference Call| CLEVELAND, Sept 01, 2010 /PRNewswire via COMTEX/ --
Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its second-quarter 2010 financial results on Wednesday, September 8, 2010, after the NYSE close, and will hold a conference call with investors on Monday, September 13, 2010 at 11:00 a.m. ET, to discuss these results. Investors are invited to dial into the conference call hosted by Charles A. Ratner, president and chief executive officer.
The conference call is scheduled fo... |
|  |  | | 08/30/10 | Forest City Selected by U.S. Air Force for Military Family Housing at Four Southern Group Bases| CLEVELAND, Aug 30, 2010 /PRNewswire via COMTEX/ --
Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that its Forest City Military Communities subsidiary has been selected by the U.S. Air Force to privatize military family housing at four bases in the southeastern United States. The project will involve the management, new construction and/or demolition of Air Force family housing at the Southern Group bases, resulting in an end state of approximately 2,185 units.
... |
| | | | 08/20/10 | Forest City Announces Closing of $46.1 Million Financing for D.C. Apartment Project at The Yards| CLEVELAND, Aug 20, 2010 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that a subsidiary closed a $46.1 million HUD-insured mortgage loan for Foundry Lofts, a 170-unit, 80/20 multifamily apartment building at The Yards, Forest City's mixed-use project in southeast Washington, D.C.
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"This financing is an importan... |
| | | | 08/19/10 | Forest City Announces Land, Leasing Agreements for Rock Gaming Cleveland Casino Development at Tower City Center| CLEVELAND, Aug 19, 2010 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) and Rock Gaming LLC, today announced that subsidiaries have reached agreements under which Rock Gaming will acquire land and air rights from Forest City for development of a casino along Huron Road adjacent to the Tower City Center complex in downtown Cleveland.
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| | | | 07/30/10 | Forest City Sells Interest in San Francisco's Metreon to Unit of Westfield| CLEVELAND, July 30, 2010 /PRNewswire via COMTEX/ --
Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that a subsidiary has closed the sale of its 50 percent interest in Metreon, a 279,000-square-foot mixed-use project in downtown San Francisco, to a U.S. unit of Westfield Group (ASX: WDC). The two companies have had equal interests in Metreon since acquiring it in 2006, and both continue to own their interests in the nearby Westfield San Francisco Centre/Emporium mixed-use p... |
| | | | 07/12/10 | Forest City Sells San Jose Apartment Community to Unit of Essex Property Trust| CLEVELAND, July 12, 2010 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that a subsidiary has closed the sale of 101 San Fernando, a 323-unit apartment community in San Jose, Calif. to a subsidiary of Essex Property Trust, Inc. (NYSE: ESS), a real estate investment trust based in California. The gross sale price was $59.6 million, representing a cap rate of approximately 5.0 percent, based on trailing 12-month net operating income. Forest City ex... |
| | | | 06/14/10 | Forest City to Webcast 2010 Annual Meeting of Shareholders| CLEVELAND, June 14, 2010 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that the Company will webcast its 2010 annual meeting of shareholders beginning at 2:00 p.m. Eastern time on Wednesday, June 16, 2010. The annual meeting is being held at the Ritz-Carlton hotel in Cleveland.
The business portion of the meeting will be followed immediately by management presentations. The presentations will be simultaneously broadcast live over the Int... |
| | | | 06/10/10 | Forest City Announces Closing of Permanent Financing for East River Plaza Retail Project| CLEVELAND, June 10, 2010 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that a subsidiary has closed on the conversion of the construction facility for the East River Plaza retail center in Manhattan, to a $214.3 million ($107.2 million at the Company's pro-rata share) term loan.
The conversion to permanent financing, with maturity in January 2019, is through the same lender group that provided construction financing for the center. The lo... |
| | | | 06/09/10 | REMINDER: Forest City Enterprises Fiscal 2010 First-Quarter Earnings Conference Call| CLEVELAND, June 9, 2010 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) has released its first-quarter 2010 financial results and will hold a conference call on Monday, June 14, 2010 at 11:00 a.m. ET to discuss these results. Investors are invited to dial into the conference call hosted by Charles A. Ratner, president and chief executive officer, or to listen to a live webcast of the call through www.forestcity.net.
The conference call is scheduled for 11... |
| | | | 06/09/10 | Forest City Responds To Community Needs By Donating A Day Of Service| 1,000 associates nationwide participate in seventh annual Forest City Community Day
Cleveland, OH -- June 9, 2010 -- Forest City associates nationwide trade in their computers and office supplies today for work gloves, paint brushes and shovels during the company's Seventh Annual Community Day.
Community Day is a day of service that brings Forest City associates from across the country together to provide much needed help to more than 60 charitable organizations nationwide. Associates are call... |
| | | | 06/08/10 | Forest City Reports Fiscal 2010 First-Quarter Results| CLEVELAND, June 8, 2010 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc. (NYSE: FCEA and FCEB), today announced EBDT, net loss and revenues for the three months ended April 30, 2010.
EBDT
First-quarter EBDT (earnings before depreciation, amortization and deferred taxes) was $70.5 million, an increase of $28.9 million compared with 2009 first-quarter EBDT of $41.6 million. On a fully diluted, per share basis, first-quarter 2010 EBDT was $0.37, a 5.1 percent decrease compared with 200... |
| | | | 06/02/10 | Forest City Enterprises Notice of First-Quarter 2010 Earnings and Conference Call| CLEVELAND, June 2, 2010 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its first-quarter 2010 financial results on Tuesday, June 8, 2010, after the NYSE close, and will hold a conference call with investors on Monday, June 14, 2010 at 11:00 a.m. ET, to discuss these results. Investors are invited to dial into the conference call hosted by Charles A. Ratner, president and chief executive officer.
The conference call is scheduled for 11:00 A.M... |
| | | | 05/12/10 | Forest City Announces Closing of Agreement with Mikhail Prokhorov Related to Nets, Barclays Center and Atlantic Yards| CLEVELAND, May 12, 2010 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that its New York-based subsidiary, Forest City Ratner Companies, closed an agreement with Nets Sports and Entertainment and Mikhail Prokhorov, under which entities controlled by Prokhorov will acquire an 80 percent stake in the Nets basketball team and a 45 percent share in the Barclays Center arena in Brooklyn. The transaction was approved by the National Basketball Association... |
| | | | 04/01/10 | Forest City Announces Creation of Partnership For Financing and Development of 3,000-Acre, Houston-Area Planned Community| CLEVELAND, April 1, 2010 /PRNewswire via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCE.A and FCE.B)today announced the creation of a partnership with Johnson Development to provide capital for the financing and development of Woodforest, an active, 3,000-acre master planned community in suburban Houston, Texas.
A subsidiary of Forest City invested a total of approximately $7 million to help secure the extension of an existing development financing facility with a local Houston ba... |
| | | | 03/31/10 | REMINDER: Forest City Enterprises Fiscal 2009 Fourth-Quarter and Year-to-Date Earnings Conference Call| CLEVELAND, March 31, 2010 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) has released its fourth-quarter 2010 financial results and will hold a conference call on Thursday, April 1, 2010 at 11:00 a.m. ET to discuss these results. Investors are invited to dial into the conference call hosted by Charles A. Ratner, president and chief executive officer, or to listen to a live webcast of the call through www.forestcity.net.
The conference call is scheduled f... |
| | | | 03/30/10 | Forest City Reports Fiscal 2009 Full-Year and Fourth-Quarter Results| CLEVELAND, Ohio, March 30, 2010 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced EBDT, net earnings and revenues for the fourth quarter and full year ended January 31, 2010.
EBDT
EBDT (Earnings Before Depreciation, Amortization and Deferred Taxes) for the full year ended January 31, 2010, was $301.1 million, a 37.5 percent increase compared with last year's $218.9 million. EBDT for the fourth quarter was $78.4 million, an 11.2 percent increase com... |
| | | | 03/25/10 | Forest City Names David LaRue to New Position of Chief Operating Officer| CLEVELAND, March 25, 2010 /PRNewswire via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCE.A and FCE.B) announced today the appointment of David J. LaRue to the newly created position of executive vice president and chief operating officer, with responsibility for real estate activities across all of the Company's business units.
LaRue will report to Charles A. Ratner, Forest City president and chief executive officer, who said the appointment is intended to help coordinate growth initiativ... |
| | | | 03/24/10 | Forest City Enterprises Notice of Fourth-Quarter 2009 Earnings and Conference Call| CLEVELAND, March 24, 2010 /PRNewswire via COMTEX/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its fourth-quarter 2009 financial results on Tuesday, March 30, 2010, after the NYSE close, and will hold a conference call with investors on Thursday, April 1, 2010 at 11:00 a.m. ET, to discuss these results. Investors are invited to dial into the conference call hosted by Charles A. Ratner, president and chief executive officer.
The conference call is scheduled for 1... |
| | | | 03/11/10 | Forest City celebrates ceremonial groundbreaking for Barclays Center at Atlantic Yards project is Brooklyn| CLEVELAND, Ohio and BROOKLYN, New York – March 11, 2010 – Forest City Enterprises, Inc. (NYSE: FCE.A and FCE.B) today celebrated the ceremonial groundbreaking for the Barclays Center arena at the Atlantic Yards mixed-use project in Brooklyn.
Bruce Ratner, chairman and chief executive officer of Forest City Ratner Companies, the company's New York-based subsidiary, and other Forest City executives, were joined by New York Governor David Paterson, New York City Mayor Michael Bloomberg, Brooklyn ... |
| | | | 03/04/10 | Forest City Announces Private Transactions With Certain Senior Note Holders for New Convertible Preferred Equity| CLEVELAND, March 4, 2010 /PRNewswire via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCE.A and FCE.B) today announced that it has entered into separate, privately negotiated exchange agreements with certain holders of three separate series of the Company's senior notes due in 2011, 2015 and 2017. Under the terms of the agreements, these holders have agreed to exchange their notes for a new issue of Series A Cumulative Perpetual Convertible Preferred Stock (the "Convertible Preferred Stock").... |
| | | | 03/04/10 | Forest City Announces Decision by Saks To Withdraw From Westchester County Mixed-Use Project| CLEVELAND, March 4, 2010 /PRNewswire via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCE.A and FCE.B) today announced that it has been notified by Saks Incorporated that the company will not move forward with a Saks Fifth Avenue store at Forest City's mixed-use development, Westchester's Ridge Hill, in Yonkers, New York. Saks had previously signed a non-binding letter of intent to locate a store at Ridge Hill.
"This is obviously a disappointment, but we are fully committed to seein... |
| | | | 02/22/10 | Forest City Announces Joint Venture with Health Care REIT for University Park Life Science Properties| CLEVELAND, Feb 22, 2010 /PRNewswire via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) and Health Care REIT, Inc. (NYSE: HCN) today announced the creation and first-stage closing of a new $668 million joint venture in Forest City's mixed-use University Park project in Cambridge, Mass.
Under the terms of the joint venture, Health Care REIT will acquire a 49 percent interest in the seven University Park life science properties owned solely by Forest City. For its share of... |
| | | | 02/19/10 | Forest City and Bernstein Management Announce Joint Venture for Washington, D.C. Area Apartment Properties| CLEVELAND, Feb 19, 2010 /PRNewswire via COMTEX/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced the creation of a joint venture with Bernstein Management Corporation for ownership of three residential multifamily properties, totaling 1,340 rental units, in the Washington, D.C. metropolitan area. Forest City expects to realize proceeds of approximately $34 million from the creation of the joint venture. The transaction equates to a cap rate of 6.5 percent based on 2009 net... |
| | | | 02/11/10 | Forest City Celebrates the Grand Opening of The Village at Gulfstream Park| CLEVELAND, Feb 11, 2010 /PRNewswire via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today celebrated the grand opening of The Village at Gulfstream Park, its newest mixed-use, open-air retail center, in Hallandale Beach, Fla.
The 497,000-square-foot center, adjacent to Gulfstream Park Racetrack and Casino, is South Florida's newest outdoor shopping and entertainment destination, featuring an exciting collection of fashion boutiques, home decor shops, signature restau... |
| | | | 01/29/10 | Forest City Closes New $500 Million Revolving Credit Facility| CLEVELAND, Jan 29, 2010 /PRNewswire via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that it has closed a new, two-year, $500 million revolving credit facility with its 15-member bank group.
"This closing marks a major milestone in our ongoing efforts to further improve liquidity and strengthen our financial position," said Charles A. Ratner, Forest City president and chief executive officer. "We're gratified by the support and confidence shown by the members ... |
| | | | 01/27/10 | Forest City Sells Partnership Interests in Three Supported-Living Apartment Properties to Hyatt Unit| CLEVELAND, Jan 27, 2010 /PRNewswire via COMTEX/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that a subsidiary has closed the sale of its partnership interests in three supported-living apartment communities to a subsidiary of Hyatt Corporation. Units of Forest City and Hyatt have been partners in the properties since their initial development. Forest City expects to receive proceeds of approximately $30 million from the sale.
The three properties, all of which operat... |
| | | | 12/23/09 | Forest City Announces Master Closing for Atlantic Yards Project| CLEVELAND, Dec 23, 2009 /PRNewswire-FirstCall via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that various New York subsidiaries, together with the Empire State Development Corporation, the Metropolitan Transportation Authority, the City of New York and other parties, have executed the necessary agreements for the official closing of the Atlantic Yards project in Brooklyn. The closing clears the way for additional work to proceed on the project, beginning with ... |
| | | | 12/15/09 | Forest City Announces Pricing of $511 Million Tax-Exempt Bonds for Barclays Center at Atlantic Yards| CLEVELAND, Dec 15, 2009 /PRNewswire-FirstCall via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced the pricing of $511 million of tax-exempt bonds to finance a portion of the construction of the Barclays Center arena at the Company's Atlantic Yards project in Brooklyn. The interest rate on the bonds was 6.48%.
"We're very pleased at the strong level of interest shown by investors in these bonds," said Charles A. Ratner, Forest City president and chief exec... |
| | | | 12/10/09 | REMINDER: Forest City Enterprises Fiscal 2009 Third-Quarter and Year-to-Date Earnings Conference Call| CLEVELAND, Dec 10, 2009 /PRNewswire-FirstCall via COMTEX/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) has released its third-quarter 2009 financial results and will hold a conference call today, Thursday, December 10, 2009 at 11:00 a.m. ET to discuss these results. Investors are invited to dial into the conference call hosted by Charles A. Ratner, president and chief executive officer, or to listen to a live webcast of the call through www.forestcity.net.
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| | | | 12/08/09 | Forest City Reports Fiscal 2009 Third-Quarter and Year-to-Date Results| CLEVELAND, Dec 08, 2009 /PRNewswire-FirstCall via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB), today announced EBDT, net earnings and revenues for the three and nine months ended October 31, 2009.
EBDT
Third-quarter EBDT (earnings before depreciation, amortization and deferred taxes) was $85.6 million, a 94.0 percent increase compared with 2008 third-quarter EBDT of $44.1 million. Year-to-date EBDT was $222.7 million, a 50.0 percent increase compared with $148.4 million for ... |
| | | | 12/01/09 | Forest City Enterprises Notice of Third-Quarter 2009 Earnings and Conference Call|
CLEVELAND, Dec. 1 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its third-quarter 2009 financial results on Tuesday, December 8, 2009, after the NYSE close, and will hold a conference call with investors on Thursday, December 10, 2009 at 11:00 a.m. ET, to discuss these results. Investors are invited to dial into the conference call hosted by Charles A. Ratner, president and chief executive officer.
The conference call is scheduled for 11:00... |
| | | | 11/24/09 | Forest City Statement on New York State Court of Appeals Eminent Domain Ruling for Atlantic Yards Project|
CLEVELAND, Nov. 24 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) issued the following statement from President and Chief Executive Officer Charles A. Ratner in response to today's favorable New York State Court of Appeals ruling in a lawsuit related to the Company's Atlantic Yards development project in Brooklyn.
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The suit challenged the State's use of eminent domain related to the proje... |
| | | | 11/18/09 | Forest City Reaches Agreement on New $500 Million Revolving Credit Facility|
CLEVELAND, Nov. 18 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that it has reached an agreement on a new, two-year, $500 million revolving credit facility with its 15-member bank group. The transaction is expected to close by the end of the year.
"This is a major step in our ongoing efforts to further improve liquidity and strengthen our financial position," said Charles A. Ratner, Forest City president and chief executive officer. "We... |
| | | | 11/12/09 | Forest City celebrates opening of East River Plaza, bringing Manhattan its first Costco|
CLEVELAND, Ohio – November 12, 2009 – Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that a joint venture between its New York-based subsidiary, Forest City Ratner Companies, Inc. and Blumenfeld Development Group, officially opened the East River Plaza retail center with the first Costco in the borough of Manhattan.
“East River Plaza is a unique retail experience that brings quality and value – including wholesale prices – to Manhattan residents and small businesses, w... |
| | | | 11/05/09 | Forest City Community Development Entity Receives $55 Million in Tax Credit Allocation to Stimulate Investment in Low-Income Communities|
CLEVELAND, Nov. 5 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that its subsidiary, Forest City Community Development Entity, LLC, (FCCDE) was one of ninety-nine groups recently chosen to receive an allocation of New Market Tax Credits (NMTC), as part of a $5 billion federal program to create jobs and revive neighborhoods.
The allocation of $55 million will go toward providing financing for real estate development projects located in s... |
| | | | 10/29/09 | Forest City Announces $90 Million Refinancing of Tech Office Buildings at Cambridge, Mass., Bioscience Park|
CLEVELAND, Oct. 29 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that a subsidiary has closed a $90 million refinancing of 45/75 Sydney Street, a pair of twin office buildings at the Company's University Park at MIT mixed-use, science and technology park in Cambridge, Mass.
The seven-year, fixed-rate refinancing, through two insurance companies, represents approximately a 50 percent increase in principal over the prior in-place financing... |
| | | | 10/26/09 | Forest City Closes Offering of $200 Million Convertible Senior Notes|
CLEVELAND, Oct. 26 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced the closing of its offering of $200 million aggregate principal amount of convertible senior notes due 2016 (the "Notes"). This amount includes the exercise in full of the initial purchasers' option to purchase $25 million in aggregate principal amount of additional Notes to cover overallotments. Forest City received net proceeds from the offering of approximately $177.3 million... |
| | | | 10/23/09 | Forest City Announces Exercise of Overallotment Option by Initial Purchasers of Convertible Senior Notes|
CLEVELAND, Oct. 23 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that the initial purchasers of the Company's recently announced offering of $175 million aggregate principal amount of convertible senior notes due 2016 (the "Notes"), have exercised in full their option to purchase an additional $25 million aggregate principal amount of the Notes to cover overallotments.
With the initial purchasers' exercise of the full overallotment o... |
| | | | 10/20/09 | Forest City Announces Pricing of $175 Million Convertible Senior Notes|
CLEVELAND, Oct. 20 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced the pricing of its offering of $175 million aggregate principal amount of convertible senior notes due 2016 (the "Notes"), which will be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Forest City has also granted the initial purchasers of the Notes a 13-day option to purchase up to an additional... |
| | | | 10/19/09 | Forest City Provides Update on Credit Line Renewal, Other Financing Activity| CLEVELAND, Oct. 19 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today provided a progress update on the modification and renewal of its $750 million revolving credit facility, and also announced extensions and refinancings among its property-level, non-recourse debt maturities.
The Company has received preliminary, non-binding commitments from a majority of its current 14-member bank group to participate in a renewed revolving credit facility. The preliminary... |
| | | | 10/19/09 | Forest City to Offer $175 Million Convertible Senior Notes| CLEVELAND, Oct. 19 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA - News and FCEB - News) today announced its intention to offer, subject to market and other conditions, $175 million aggregate principal amount of convertible senior notes due 2016 ("the Notes"). The Notes will be offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").
The Notes are expected to be convertible, at the hold... |
| | | | 10/02/09 | Forest City Announces Private Transactions with Certain Holders of 3.625% Puttable Equity-Linked Senior Notes|
CLEVELAND, Oct. 2 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that it has entered into separate, privately negotiated exchange agreements with certain holders of the Company's 3.625% Puttable Equity-Linked Senior Notes, due October 2011 (the "Old Notes"). Under the terms of the agreements, these holders have agreed to exchange their Old Notes for a new issue of 3.625% Puttable Equity-Linked Senior Notes, due October 2014 (the "New Exchanged ... |
| | | | 09/23/09 | Forest City Subsidiary and Onexim Group Announce Partnership for NBA Nets and Brooklyn Project|
CLEVELAND, BROOKLYN, N.Y. and MOSCOW, Sept. 23 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that its New York-based subsidiary, Forest City Ratner Companies, Inc. ("FCRC") and Nets Sports and Entertainment ("NSE"), have signed a letter of intent with an affiliate of Onexim Group, an international private investment fund, to create a strategic partnership for the development of the Atlantic Yards project, a 22-acre residential and commercial re... |
| | | | 09/09/09 | REMINDER: Forest City Enterprises Fiscal 2009 Second-Quarter and Year-to-Date Earnings Conference Call|
CLEVELAND, Sept. 9 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) has released its second-quarter 2009 financial results and will hold a conference call on Friday, September 11, 2009 at 11:00 a.m. ET to discuss these results. Investors are invited to dial into the conference call hosted by Charles A. Ratner, president and chief executive officer, or to listen to a live webcast of the call through www.forestcity.net.
The conference call is scheduled for 11:0... |
| | | | 09/08/09 | Forest City Reports Fiscal 2009 Second-Quarter and Year-to-Date Results| CLEVELAND, Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB), today announced EBDT, net earnings and revenues for the three and six months ended July 31, 2009.
EBDT
Second-quarter EBDT (earnings before depreciation, amortization and deferred taxes) was $95.5 million, an 8.1 percent increase compared with 2008 second-quarter EBDT of $88.3 million. Year-to-date EBDT was $137.1 million, a 31.4 percent increase compared with $104.3 million for the first six mo... |
| | | | 09/04/09 | Forest City Enterprises Notice of Second-Quarter 2009 Earnings Conference Call|
CLEVELAND, Sept. 4 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its second-quarter 2009 financial results on Tuesday, September 8, 2009, after the market close, and will hold a conference call with investors on Friday, September 11, 2009 at 11:00 a.m. ET to discuss these results. Investors are invited to dial into the conference call hosted by Charles A. Ratner, president and chief executive officer.
The conference call is scheduled for 11:... |
| | | | 08/31/09 | Forest City Announces Loan Extension and Tenants for Ridge Hill| CLEVELAND, Aug 31, 2009 /PRNewswire-FirstCall via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that Forest City Ratner Companies, its New York-based subsidiary, has reach an agreement with a 13-member bank group on a two-year extension and modification of the $557 million construction financing for the retail/mixed-use Ridge Hill project, currently under construction in Westchester County, New York.
The financing, which originally matured in August 2010, will... |
| | | | 08/25/09 | Forest City Named Program Manager for Redevelopment of San Juan, P.R. Waterfront|
CLEVELAND, Aug. 25 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that a subsidiary has been selected by the Puerto Rico Department of Economic Development and Commerce (DDEC) and the Puerto Rico Tourism Company to become the program manager for the redevelopment of a 21-block area of San Juan's waterfront district.
Forest City will provide wide-ranging program management services on a fee basis for the project, which is proposed to inclu... |
| | | | 08/10/09 | Forest City Announces Major Pittsburgh Office Tenants| CLEVELAND, Aug. 10 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced major tenant signings in the Company's
Pittsburgh-area office properties.
Direct Energy Business will make Liberty Center its new headquarters and
has signed a lease for approximately 52,300 square feet of space. Direct
Energy Business, a Direct Energy company, is one of North America's largest
commercial retail energy suppliers. Liberty Center is a 526,000-square-fo... |
| | | | 08/06/09 | Forest City Announces New Tenants for The Village at Gulfstream Park| CLEVELAND, Aug. 6 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced 13 additional new retail, entertainment
and restaurant tenants for The Village at Gulfstream Park, its
500,000-square-foot upscale retail center in Hallandale Beach, Florida.
With the new tenant announcements, available retail space at the center is
more than 70 percent leased with six months still remaining before the planned
opening on February 11, 2010. In total, mo... |
| | | | 07/29/09 | Forest City Chosen as DC Advisor for Poplar Point Project| Assignment is latest fee-based win as Company expands Asset Management and Third-Party Services
CLEVELAND, July 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that its Forest City Washington, Inc. subsidiary is part of a team of advisors that has been selected by the Washington D.C. Deputy Mayor's Office for Planning and Economic Development to provide fee-based development-advisory services related to the Poplar Point project... |
| | | | 07/24/09 | Forest City Announces $325 Million in New Financings and Extensions| CLEVELAND, July 24 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today reported six new financings and eight extensions
of maturities, totaling approximately $325 million, in the Company's portfolio
of commercial and residential properties and land development projects, since
the beginning of the fiscal year.
"Proactively managing our debt and working closely with our lenders are
key to preserving and enhancing liquidity, which continues to be our hi... |
| | | | 06/10/09 | Forest City Gives a Day to Give Back|
More than 1,300 employees to generate 13,500 hours of community service
CLEVELAND – On June 10, more than 1,300 Forest City employees will roll up their sleeves and spend the workday volunteering with local service organizations in more than 60 cities across the country as part of the Company’s sixth annual Community Day initiative.
Around the country, approximately 70 project managers will lead the charge at 60 non-profit groups and agencies. Employees will be painting, cooking and ser... |
| | | | 06/08/09 | Forest City Reports Fiscal 2009 First-Quarter Results| CLEVELAND, June 8 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA; FCEB), today announced EBDT, net earnings and revenues for the
fiscal first quarter ended April 30, 2009.
First-quarter EBDT (earnings before depreciation, amortization and
deferred taxes) was $41.6 million, or $0.39 per share, a 160.0 percent
increase on a per share basis, compared with last year's first-quarter EBDT of
$16.0 million, or $0.15 per share.
The increase in EBDT for the quart... |
| | | | 06/08/09 | REMINDER: Forest City Enterprises First-Quarter 2009 Earnings Conference Call| CLEVELAND, June 8 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.,
(NYSE: FCEA and FCEB) has released its first-quarter 2009 financial results
and will hold a conference call on Tuesday, June 9, 2009 at 11:00 a.m. ET to
discuss these results. Investors are invited to dial into the conference call
hosted by Charles A. Ratner, president and chief executive officer, or to
listen to a live webcast of the call through www.forestcity.net.
The conference call is scheduled for 11... |
| | | | 06/03/09 | Forest City to Webcast 2009 Annual Meeting of Shareholders| CLEVELAND, June 3 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.,
(NYSE: FCEA and FCEB) today announced that the Company will webcast its 2009
annual meeting of shareholders beginning at 2:00 p.m. Eastern time on Friday,
June 5, 2009. The annual meeting is being held at the Ritz-Carlton hotel in
Cleveland.
The business portion of the meeting will be followed immediately by
management presentations. The meeting and presentations will be broadcast
live over the Internet... |
| | | | 06/02/09 | Forest City Enterprises Notice of First-Quarter 2009 Earnings Conference Call| CLEVELAND, June 2, 2009 /PRNewswire-FirstCall via COMTEX/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its first-quarter 2009 financial results on Monday, June 8, 2009, and will hold a conference call with investors on Tuesday, June 9, 2009 at 11:00 a.m. ET to discuss these results. Investors are invited to dial into the conference call hosted by Charles A. Ratner, president and chief executive officer.
The conference call is scheduled for 11:00 A.M. ET, Tuesday, June 9... |
| | | | 05/26/09 | Forest City Enterprises, Inc. Announces Underwriters' Exercise of Over-Allotment Option Related to Offering of Class A Common Shares| CLEVELAND, May 26 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced that the underwriters have exercised, in
full, their over-allotment option to purchase an additional 6.8 million shares
in relation to the company's previously announced public offering of 45.5
million Class A common shares, priced at $6.60 per share.
Forest City expects to receive net proceeds from this offering of
approximately $329.8 million, giving effect to the exerc... |
| | | | 05/20/09 | Saks Fifth Avenue to Anchor Ridge Hill | Ridge Hill to offer the height of what's happening
in designer fashion, fine dining and exciting entertainment
NEW YORK – May 20, 2009 – Forest City Ratner Companies (FCRC), the New-York based subsidiary of Forest City Enterprises, Inc. [NYSE: FCEA and FCEB], announced that renowned fashion retailer Saks Fifth Avenue has signed a letter of intent to anchor the Company's mixed-use development, Ridge Hill, which is currently under construction. The center is located between the New York Stat... |
| | | | 05/19/09 | Forest City Enterprises, Inc. Closes Offering of 45.5 million Shares of Class A Common Stock| CLEVELAND, May 19, 2009 /PRNewswire-FirstCall via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that it has closed its previously announced public offering of 45.5 million Class A common shares at $6.60 per share. The Company has granted underwriters a 30-day option to purchase up to an additional 6.8 million shares to cover over-allotments, if any. The joint book-running managers for this offering are Merrill Lynch & Co., Goldman, Sachs & Co. and Morgan Stanle... |
| | | | 05/18/09 | Forest City Statement on Appellate Division Eminent Domain Ruling| --Courts again side with Atlantic Yards project and associated public benefitsBROOKLYN, N.Y. and CLEVELAND, May 18, 2009 /PRNewswire-FirstCall via COMTEX/ -- Bruce C. Ratner, chairman and chief executive officer of Forest City Ratner Companies, the New York-based subsidiary of Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) released the following statement regarding the Appellate Division, Second Department, unanimous ruling (issued May 15, 2009) against opponents and upholding New York Sta... |
| | | | 05/14/09 | Forest City Enterprises, Inc. Prices Offering of 45.5 Million Shares of Class A Common Stock| CLEVELAND, May 14 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced the pricing of its public offering of
45.5 million newly issued Class A common shares at $6.60 per share. The
Company has granted underwriters a 30-day option to purchase up to an
additional 6.8 million shares to cover over-allotments, if any. The joint
book-running managers for this offering are Merrill Lynch & Co., Goldman,
Sachs & Co. and Morgan Stanley. Subject to cust... |
| | | | 05/13/09 | Forest City Provides Update on Fiscal 2009 First Quarter| CLEVELAND, May 13 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today provided an update on expected first-quarter 2009
results, although it has not yet completed the preparation and filing of its
Quarterly Report on Form 10-Q for the quarter ended April 30, 2009.
First-quarter EBDT (earnings before depreciation, amortization and
deferred taxes) is expected to be in the range of $39.6 million to $41.6
million, or approximately $0.37 to $0.39 per di... |
| | | | 05/13/09 | Forest City Enterprises, Inc. Announces Offering of 40 Million Shares of Class A Common Stock| CLEVELAND, May 13 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. [NYSE: FCEA and FCEB] today announced that it plans to sell 40 million newly issued Class A common shares in an underwritten public offering pursuant to its effective shelf registration statement previously filed with the Securities and Exchange Commission.
The underwriters will be granted a 30-day option to purchase up to an additional 6 million shares to cover over-allotments, if any.
The joint book-running manage... |
| | | | 04/28/09 | Forest City Completes Sale of New York Retail Center| CLEVELAND, Ohio, April 28 /PRNewswire-FirstCall/ -- Forest City
Enterprises, Inc. (NYSE: FCEA and FCEB) today announced the sale by its
subsidiary of The Shops at Grand Avenue, a retail center located in the
Borough of Queens. The property was purchased by an affiliate of AEW Capital
Management, LP, for a selling price of $33.5 million, representing a cap rate
of approximately 7.75 percent on in-place income. The transaction, which
closed April 16, 2009, generated proceeds of approxi... |
| | | | 04/01/09 | Forest City Selected for Third-Party Management of Denver Retail Center| CLEVELAND, April 1 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced that a subsidiary of the Company has
been selected by BlackRock, Inc. to assume retail management and leasing
duties at the Southlands mixed-use lifestyle center in southeast Denver, Colo.
"We are honored to have been selected for this opportunity, which reflects
our recognized strength in retail management," said Charles A. Ratner,
president and chief executive officer,... |
| | | | 03/30/09 | Forest City Reports Fiscal 2008 Full-Year and Fourth-Quarter Results| CLEVELAND, March 30 /PRNewswire-FirstCall/ -- Forest City Enterprises,
Inc. (NYSE: FCEA and FCEB) today announced EBDT, net earnings and revenues for
the fourth quarter and full year ended January 31, 2009.
EBDT
EBDT (Earnings Before Depreciation, Amortization and Deferred Taxes) for
the full year ended January 31, 2009, was $218.9 million, or $2.05 per share,
a 17.0 percent decrease on a per-share basis compared with last year's $265.7
million, or $2.47 per share. EBDT... |
| | | | 03/30/09 | REMINDER: Forest City Enterprises Fourth-Quarter and Full-Year 2008 Earnings Conference Call| CLEVELAND, March 30 /PRNewswire-FirstCall/ -- Forest City Enterprises,
Inc., (NYSE: FCEA; FCEB) has released its fourth-quarter and full-year 2008
financial results and will hold a conference call on Tuesday, March 31, 2009
at 11:00 a.m. ET to discuss these results. Investors are invited to dial into
the conference call hosted by Charles A. Ratner, president and chief executive
officer, or to listen to a live webcast of the call through
www.forestcity.net.
The conference call i... |
| | | | 03/23/09 | Forest City Enterprises Notice of Fourth-Quarter and Full-Year 2008 Earnings Conference Call| CLEVELAND, March 23 /PRNewswire-FirstCall/ -- Forest City Enterprises,
Inc., (NYSE: FCEA and FCEB) will release its fourth-quarter and full-year 2008
financial results on Monday, March 30, 2009, and will hold a conference call
with investors on Tuesday, March 31, 2009 at 11:00 a.m. ET to discuss these
results. Investors are invited to dial into the conference call hosted by
Charles A. Ratner, president and chief executive officer.
The conference call is scheduled for 11:00 A.M. ET... |
| | | | 03/17/09 | Forest City Announces Extension of Credit Facility for NBA Nets| CLEVELAND, March 17 /PRNewswire-FirstCall/ -- Forest City Enterprises,
Inc. (NYSE: FCEA and FCEB) announced today that Brooklyn Basketball, LLC, in
which the Company has an equity interest, has secured an extension of a $65
million credit facility related to the National Basketball Association (NBA)
Nets professional basketball team. At closing, Brooklyn Basketball reduced
the principal of the facility to $45 million through a $20 million add-on
facility funded by a routine borrowing ... |
| | | | 03/02/09 | Forest City Reaches Agreement on Tax-Increment Financing, Announces 32 Tenants for The Village at Gulfstream Park| CLEVELAND, March 2, 2009 /PRNewswire-FirstCall via COMTEX/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that it has reached agreement with the City of Hallandale Beach, Fla., for up to $900,000 per year for 15 years of tax-increment financing (TIF) for The Village at Gulfstream Park, a 490,000 square foot, high-end retail and entertainment destination currently under construction in the City. The Company also announced 32 top-tier tenants for the center, which is expec... |
| | | | 02/16/09 | Forest City Secures Refinancing on Key Loan for Brooklyn Project| CLEVELAND, Feb. 16 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA; FCEB) today announced that a subsidiary has secured a $161.9
million refinancing from Gramercy Capital Corp. and certain co-lenders on a
key loan associated with the Company's Atlantic Yards project in Brooklyn, New
York.
The original loan covered land acquisition costs at the project site and
was set to come due this month. The refinancing will be due in February,
2011.
"This is a great ... |
| | | | 02/05/09 | Forest City Clarifies Waiver Related to Corporate Line of Credit| CLEVELAND, Feb. 5 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA; FCEB) today confirmed that it has received a waiver from its
14-member bank group related to the Company's corporate line of credit. The
need for the waiver was triggered by an unintentional non-compliance with one
of the non-financial covenants of the line of credit which occurred when the
Company purchased $15 million face value of its Puttable Equity-Linked Senior
Notes at a cost of approximately... |
| | | | 02/03/09 | Forest City Completes Sale of Sterling Glen of Rye Brook to Atria Senior Living| CLEVELAND, Feb. 3 /PRNewswire-FirstCall/ --Forest City Enterprises, Inc.
(NYSE: FCEA; FCEB) today announced that it completed the sale of the Sterling
Glen of Rye Brook supported-living community to Atria Senior Living Group.
The sale, which closed January 30, 2009, is part of a larger transaction
originally announced in July, 2007, under which Atria would acquire the
majority of Forest City's supported-living portfolio.
The 168-unit Sterling Glen of Rye Brook facility is locate... |
| | | | 12/22/08 | Forest City Announces Major Milestones for Mesa del Sol Project| CLEVELAND, Dec. 22 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced two major milestones for Mesa del Sol, a
12,900-acre, mixed-use project in Albuquerque, N.M.
On Dec. 5, Mesa del Sol announced an agreement with Sandia National
Laboratories to partner on research, development and demonstration of energy
technologies in a real life environment at Mesa del Sol.
On Dec. 10, Mesa del Sol held a ribbon cutting ceremony for phase one of... |
| | | | 12/19/08 | Forest City Celebrates the Opening of Hamel Mill Lofts| CLEVELAND, Dec. 19 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today celebrated the opening of the first building at
Hamel Mill Lofts, a collection of high-end, historically renovated rental
apartment buildings in Haverhill, Mass.
"Hamel Mill Lofts is a great project in a great location that emphasizes
our Company's commitment to Sustainability through the adaptive re-use of a
historic, century-old shoe factory complex," said Charles A. Ratner, pre... |
| | | | 12/09/08 | REMINDER: Forest City Enterprises Third-Quarter 2008 Earnings Conference Call| CLEVELAND, Dec. 9 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.,
(NYSE: FCEA and FCEB) has released its third-quarter 2008 financial results
and will hold a conference call on Wednesday, December 10, 2008 at 11:00 a.m.
ET to discuss these results. Investors are invited to dial into the conference
call hosted by Charles A. Ratner, president and chief executive officer, or to
listen to a live webcast of the call through www.forestcity.net .
The conference call is schedule... |
| | | | 12/08/08 | Forest City Suspends Quarterly Dividends| CLEVELAND, Dec. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA) and (NYSE: FCEB) today announced that the Company's Board of
Directors voted to suspend quarterly cash dividends on its Class A and Class B
common stock. The suspension will begin following the dividend payment
scheduled for December 15, 2008.
Charles A. Ratner, Forest City president and chief executive officer,
said, "In the current economic and financial market conditions, maintaining
liqui... |
| | | | 12/08/08 | Forest City Reports Third-Quarter and Year-to-Date Financial Results | CLEVELAND, Dec. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced revenues, net earnings and EBDT for the
third quarter and nine months ended October 31, 2008.EBDT
EBDT (Earnings Before Depreciation, Amortization and Deferred Taxes) for
the third quarter was $44.1 million, or $0.42 per share, a 34.4 percent
decrease on a per share basis compared with last year's third-quarter EBDT of
$68.8 million, or $0.64 per share.For the quarter, pre-t... |
| | | | 12/03/08 | Forest City Enterprises Notice of 3rd Quarter Earnings Conference Call|
CLEVELAND, Dec. 3 /PRNewswire-FirstCall/ -- Forest City Enterprises (NYSE: FCEA; FCEB) will release its 3rd quarter
financial results on Monday, December 8, 2008, after the NYSE closing bell,
and will hold a conference call on Wednesday, December 10, 2008 at 11:00 A.M.
ET to discuss these results. You are invited to dial into the conference call
with Charles A. Ratner, President and Chief Executive Officer.
The conference call is scheduled for 11:00 A.M. ET, Wednesday, December... |
| | | | 11/10/08 | Forest City Announces $167 Million in Recent Financings| CLEVELAND, Nov. 10 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced three separate, recently completed
financing transactions, totaling more than $167 million, in the Company's
national portfolio of operating properties and in its development pipeline.
"While the general economic environment is very challenging, these
transactions demonstrate that there continues to be both opportunity and
access to financing for high-quality real est... |
| | | | 10/30/08 | Forest City Celebrates Grand Opening of The Shops at Wiregrass| CLEVELAND, Oct. 30 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today celebrated the grand opening of The Shops at
Wiregrass, a 646,000-square-foot open-air, regional lifestyle center in Wesley
Chapel, Fla., near Tampa.
The main-street style retail center, located at the corner of State Road
56 and Bruce B. Downs Boulevard, is anchored by Macy's, Dillard's and
JCPenney, and features numerous specialty shops and restaurants, as well as
tree-lined... |
| | | | 10/23/08 | Forest City Comments on Standard & Poor's Rating Action| CLEVELAND, Oct. 23 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) commented today on action taken by Standard & Poor's
Rating Services (S&P). S&P lowered its corporate credit rating for Forest
City to BB from BB+, and lowered its rating on the Company's senior unsecured
notes to B+ from BB-. In response, Forest City President and Chief Executive
Officer Charles A. Ratner issued the following statement:
"We interpret this action in light of the macro... |
| | | | 10/13/08 | Forest City Celebrates Grand Opening of The Shops at White Oak Village| CLEVELAND, Ohio, Oct. 13 /PRNewswire-FirstCall/ -- Forest City
Enterprises, Inc. (NYSE: FCEA and FCEB) today celebrated the grand opening of
The Shops at White Oak Village, an 800,000-square-foot retail center in
Henrico County near Richmond, Virginia.
The center, located at the intersection of Interstate 64 and Laburnum
Avenue, is anchored by JCPenney, Lowe's, Sam's Club and Target, among others,
and also features numerous specialty shops and restaurants, as well as open
leisur... |
| | | | 09/24/08 | Forest City Declares Quarterly Dividend| CLEVELAND, Sept. 24 /PRNewswire-FirstCall/ -- Forest City Enterprises,
Inc. (NYSE: FCEA; FCEB) announced today that the Board of Directors has
declared a cash dividend of $0.08 for each outstanding share of both Class A
and Class B Common Stock of the Corporation, to shareholders of record at the
close of business on December 1, 2008. This dividend will be payable on
December 15, 2008.
Corporate Description
Forest City Enterprises, Inc. is a $10.9 billion NYSE-listed nationa... |
| | | | 09/23/08 | Forest City Closes on $250 Million in Financing for Waterfront Project in Southwest D.C.| CLEVELAND, Sept. 23 /PRNewswire-FirstCall/ -- Forest City Enterprises,
Inc. (NYSE: FCEA and FCEB) announced today that it has closed on $250 million
in construction financing for the initial phase of its Waterfront Station
project in Southwest Washington, D.C.
Waterfront Station, on M Street SW at 4th Street, is a mixed-use
redevelopment that will include office, residential and retail components.
The site is adjacent to the Waterfront/Southeastern University MetroRail
station.
... |
| | | | 09/04/08 | REMINDER: Forest City Enterprises Second-Quarter 2008 Earnings Conference Call| CLEVELAND, Sept. 4 /PRNewswire-FirstCall/ -- Forest City Enterprises,
Inc., (NYSE: FCEA and FCEB) has released its second-quarter 2008 financial
results and will hold a conference call on Tuesday, September 9, 2008 at 11:00
a.m. ET to discuss these results. Investors are invited to dial into the
conference call hosted by Charles A. Ratner, president and chief executive
officer.
The conference call is scheduled for 11:00 A.M. ET, Tuesday, September 9,
2008. To participate, dial 8... |
| | | | 09/04/08 | Forest City Reports Second-Quarter and Year-to-Date Financial Results| CLEVELAND, Sept. 4 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced revenues, net earnings and EBDT for the
second quarter and six months ended July 31, 2008.
EBDT (Earnings Before Depreciation, Amortization and Deferred Taxes) for
the second quarter was $88.3 million, or $0.82 per share, a 24.2 percent
increase on a per share basis compared with last year's second-quarter EBDT of
$71.2 million, or $0.66 per share. EBDT for the six mon... |
| | | | 08/28/08 | Forest City Enterprises Notice of Second-Quarter 2008 Earnings Conference Call| CLEVELAND, Aug 28, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Forest City Enterprises,
Inc., (NYSE: FCEA and FCEB) will release its second-quarter 2008 financial
results on Thursday, September 4, 2008 and will hold a conference call on
Tuesday, September 9, 2008 at 11:00 a.m. ET to discuss these results.
Investors are invited to dial into the conference call hosted by Charles A.
Ratner, president and chief executive officer.
The conference call is scheduled for 11:00 A.M. ET,... |
| | | | 08/20/08 | Forest City Closes $167 Million Financing for Downtown Brooklyn Residential Building| Company also updates overall 2008-2009 maturities
CLEVELAND and BROOKLYN, New York, Aug. 20 /PRNewswire-FirstCall/ -- Forest
City Enterprises, Inc. (NYSE: FCEA and FCEB) announced today that it's New
York-based subsidiary, Forest City Ratner Companies, has closed on $167
million in construction financing for 80 DeKalb, a 335,000-square-foot
residential building on DeKalb Avenue in downtown Brooklyn.
The 34-story, Costas Kondylis-designed building is the first resid... |
| | | | 06/30/08 | Forest City Enterprises Announces Recent Financings| CLEVELAND, June 30 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA) (NYSE: FCEB) today announced three recent financing transactions,
totaling more than $100 million, in the Company's national portfolio of
operating properties and in its development pipeline.
These transactions, all of which closed within the past 30 days, reflect
our continuing ability to access capital to finance our portfolio and to fund
development, said Charles A. Ratner, Forest City pres... |
| | | | 06/23/08 | Forest City Statement on United States Supreme Court Decision Not to Hear Eminent Domain Case| NEW YORK and CLEVELAND, June 23 /PRNewswire-FirstCall/ -- Bruce C. Ratner,
chairman and chief executive officer of Forest City Ratner Companies, the New
York-based subsidiary of Forest City Enterprises, Inc. (NYSE: FCEA and FCEB),
today applauded the United States Supreme Court decision not to hear an
eminent domain appeal brought by opponents of the Company's Atlantic Yards
project.
We believe, and the courts have repeatedly agreed, that Atlantic Yards
provides significant public... |
| | | | 06/19/08 | Forest City Declared Quarterly Dividend| CLEVELAND, June 19 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) announced today that the Board of Directors has declared
a cash dividend in the amount of $0.08 on each outstanding share of both Class
A and Class B Common Stock of the Corporation, to shareholders of record at
the close of business on September 1, 2008. This dividend will be payable on
September 15, 2008.
Corporate Description
Forest City Enterprises, Inc. is a $10.5 billion NY... |
| | | | 06/19/08 | Deborah L. Harmon Joins Forest City Board of Directors| CLEVELAND, June 19 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced that Deborah L. Harmon, president of
Harmon & Co. and principal of Caravel Management LLC, was elected to the
Company's board of directors by shareholders today, along with a slate of
other directors, at the Company's annual meeting. As the Company previously
disclosed in a filing with the Securities and Exchange Commission on April 7,
2008, Harmon was appointed to the Comp... |
| | | | 06/18/08 | Forest City to Webcast 2008 Annual Meeting of Shareholders| CLEVELAND, June 18 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced that the Company will webcast its 2008
annual meeting of shareholders beginning at 2:00 p.m. Eastern time on
Thursday, June 19, 2008. The annual meeting is being held at the Ritz-Carlton
hotel in Cleveland.
The business portion of the meeting will be followed immediately by
management presentations. The presentations will be simultaneously broadcast
live over the Inte... |
| | | | 06/05/08 | Forest City Reports Fiscal 2008 First-Quarter Results| CLEVELAND, June 5 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc.
(NYSE: FCEA and FCEB) today announced EBDT, net earnings and revenues for the
fiscal first quarter ended April 30, 2008.
First-quarter EBDT (Earnings Before Depreciation, Amortization and
Deferred Taxes) was $16.0 million, or $0.15 per share, compared with last
year's EBDT of $34.5 million, or $0.32 per share. The Company's commercial and
residential segments provided a pre-tax EBDT increase of $15.5 millio... |
| | | | 06/03/08 | Day-Long Effort "Greens Up" 60 Cities Nationwide| 1,500 Forest City employees dedicate almost 13,500 hours during
Community Day celebration
CLEVELAND, OH – On June 3, more than 1,500 Forest City employees from 60 cities across the United States will trade in their offices for community parks, give up their computers for shovels and exchange their pens for paintbrushes. For the fifth consecutive year, Forest City employees will take a day away from their e-mail, budgets and memos to spend Community Day lending a helping hand and celebra... |
| | | | 03/31/08 | Forest City Enterprises Reminder of Year-End Earnings Conference Call| Wednesday April 2, 2008, 1:00 P.M. ETCLEVELAND, Mar 31, 2008 (BUSINESS WIRE) -- Forest City Enterprises (NYSE:FCEA)(NYSE:FCEB):
TO: Interested analysts, brokers and investors
FROM: Forest City Enterprises
RE: Forest City's Year-End Earnings Conference Call
Forest City Enterprises announced its year-end 2007 financial
results today, Monday, March 31, 2008, and will be conducting a
conference call on Wednesday, April 2, 2008 at 1:00 P.M. ET.
The conference call is schedule... |
| | | | 03/31/08 | Forest City Reports Fiscal 2007 Full-Year and Fourth-Quarter Results| CLEVELAND--(BUSINESS WIRE)--March 31, 2008--Forest City
Enterprises, Inc. (NYSE: FCEA) and (NYSE: FCEB) today announced EBDT,
net earnings and revenues for the fourth quarter and full year ended
January 31, 2008.
EBDT (Earnings Before Depreciation, Amortization and Deferred
Taxes) for the full year ended January 31, 2008 was $265.7 million, or
$2.47 per share, a decrease of 9.5 percent on a per-share basis
compared with last year's $285.0 million, or $2.73 per share. EBDT for
the... |
| | | | 03/28/08 | Forest City Closes on $680 Million Financing for Lower Manhattan Development| Loan for Frank Gehry-Designed Beekman Project is Largest in
Company History CLEVELAND--(BUSINESS WIRE)--March 28, 2008--Forest City
Enterprises, Inc. (NYSE: FCEA)(NYSE: FCEB) today announced that a
subsidiary of the Company has closed $680 million in financing for the
mixed-use Beekman development in lower Manhattan. The financing is the
largest construction loan in the Company's history.
Charles A. Ratner, president and chief executive officer of For... |
| | | | 03/26/08 | Forest City Declared Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--March 26, 2008--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) announced today that the
Board of Directors has declared a cash dividend in the amount of $0.08
on each outstanding share of both Class A and Class B Common Stock of
the Corporation, to shareholders of record at the close of business on
June 2, 2008. This dividend will be payable on June 17, 2008.
Corporate Description
Forest City Enterprises, Inc. is a $10 billion NYSE-listed
na... |
| | | | 03/19/08 | Forest City Enterprises Notice of Year-End Earnings Conference Call| Wednesday April 2, 2008, 1:00 P.M. ET
CLEVELAND--(BUSINESS WIRE)--March 19, 2008--Forest City
Enterprises (NYSE:FCEA)(NYSE:FCEB):
Forest City Enterprises will release its year-end 2007 financial
results on Monday March 31, 2008 and will hold a conference call on
Wednesday April 2, 2008 at 1:00 P.M. ET to discuss these results. You
are invited to dial into the conference call with Charles A. Ratner,
President and Chief Executive Officer.
The conference call is scheduled fo... |
| | | | 03/18/08 | Forest City Closes $160 Million Refinancing for The Galleria at Sunset| CLEVELAND--(BUSINESS WIRE)--March 18, 2008--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that a
subsidiary of the Company has closed on a 10-year, $160 million loan
with New York State Teachers Retirement System to refinance The
Galleria at Sunset, a 1,048,000 square-foot retail center in
Henderson, Nev. The center, which is home to anchor stores Dillard's,
Macy's, Mervyn's, Dick's Sporting Goods, and JCPenney, opened in 1996.
About Forest City Enterprises... |
| | | | 03/03/08 | Forest City Closes $100 Million Refinancing for the Promenade Bolingbrook| CLEVELAND--(BUSINESS WIRE)--March 3, 2008--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that it has
closed on a $100 million loan with The Prudential Insurance Company of
America to refinance The Promenade Bolingbrook, a 736,000 square-foot
open-air town center in suburban Chicago. The center, which is
anchored by Macy's and Bass Pro Shops, opened in April, 2007.
The Promenade Bolingbrook recently received LEED certification
from the U.S. Green Building Co... |
| | | | 03/03/08 | Forest City to Present at Citi 2008 Global Property CEO Conference| CLEVELAND--(BUSINESS WIRE)--March 3, 2008--Forest City
Enterprises, Inc. (NYSE: FCEA) (NYSE: FCEB) announced today that
Charles A. Ratner, president and chief executive officer, will present
at the Citi 2008 Global Property CEO Conference to be held in Palm
Beach, Fla., this week.
The presentation is scheduled to take place Wednesday, March 5, at
12:15 p.m. Eastern time, and may be accessed live via conference call
at (719) 234-7878, passcode 394890.
About Forest City Enterpr... |
| | | | 02/25/08 | Forest City Enterprises Announces Project Financings| CLEVELAND--(BUSINESS WIRE)--Feb. 25, 2008--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced seven
recently completed financing transactions, totaling nearly $380
million, in the Company's national portfolio of operating properties
and in its development pipeline.
"These successful transactions reflect our continuing ability to
access the capital needed to finance our extensive real estate
portfolio, make selective strategic acquisitions and fund our robust
dev... |
| | | | 02/05/08 | Forest City Announces Expanded Credit Facility| Increase Brings Total Facility to $750 Million
CLEVELAND--(BUSINESS WIRE)--Feb. 5, 2008--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced it has expanded its bank
credit facility to $750 million by exercising the accordion feature of
its existing revolving credit agreement.
The expansion represents a $150 million increase in the
availability of the Company's credit facility while maintaining the
existing interest rate structure. The transaction enhances For... |
| | | | 02/01/08 | Forest City Statement on Victory for Atlantic Yards Project in Federal Eminent Domain Case| U.S. Court of Appeals Upholds District Court Decision
BROOKLYN, N.Y.--(BUSINESS WIRE)--Feb. 1, 2008--Bruce Ratner, CEO
and chairman of Forest City Ratner Companies, LLC, a subsidiary of
Forest City Enterprises, Inc. (NYSE: FCEA)(NYSE: FCEB), today
applauded the United States Court of Appeals, Second Circuit,
affirmation of the District Court's decision in a case brought by
opponents of the Atlantic Yards project in Brooklyn on the grounds
that the use of eminent domain violates th... |
| | | | 01/17/08 | Fidelity Investments Selects Forest City's Mesa del Sol for New Operations Center| Financial Services Company Will Create 1,250 New Jobs Momentum is Building, Mesa del Sol is Living up to PromiseALBUQUERQUE, N.M. & CLEVELAND, Jan 17, 2008 (BUSINESS WIRE) -- Forest City Enterprises, Inc. (NYSE: FCEA) (NYSE: FCEB) announced
today that Fidelity Investments, one of the world's largest providers
of financial services, will locate a new 210,000-square-foot
operations center at Mesa del Sol, a 12,900-acre, mixed-use project in
Albuquerque, NM.
Mesa del Sol is being developed by ... |
| | | | 01/14/08 | Forest City Statement on New York State Supreme Court Ruling on Atlantic Yards Public Approvals| BROOKLYN, N.Y.--(BUSINESS WIRE)--Jan. 14, 2008--Bruce Ratner, CEO
and Chairman of Forest City Ratner Companies, a subsidiary of Forest
City Enterprises, Inc. issued the following statement regarding the
January 11, 2008, ruling in State Supreme Court dismissing a lawsuit
brought by opponents of the Atlantic Yards project in Brooklyn. The
suit had challenged the project's public approval process.
"We are very pleased with the court's decision, as it further
clears the way for Atlan... |
| | | | 01/14/08 | SCHOTT Solar Selects Mesa del Sol for New Solar Manufacturing Plant| Company to Bring up to 1,500 Jobs to Mesa del Sol's Renewable
Energy Cluster
ALBUQUERQUE, N.M. & CLEVELAND--(BUSINESS WIRE)--Jan. 14,
2008--Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced
today that SCHOTT AG, a global leader in glass and optics and one of
the largest solar technology manufacturers in the world, will build a
200,000 square foot manufacturing facility for SCHOTT Solar, Inc., its
wholly owned subsidiary, on 80 acres at Mesa... |
| | | | 01/07/08 | Forest City Acquires 2,500 Lots for Residential Development in San Antonio| Acquisition Includes Sites in Five Premier Subdivisions CLEVELAND, Jan 07, 2008 (BUSINESS WIRE) -- Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced
today that its Forest City Land Group business unit and joint venture
partner Covington Capital Corporation have completed the acquisition
of more than 2,500 single-family home lots in the San Antonio, Texas,
market. Forest City and Covington Capital have gained an immediate
presence in the market by acquiring lot positions and lan... |
| | | | 12/14/07 | Forest City Announces Promotions of Two Corporate Officers| CLEVELAND--(BUSINESS WIRE)--Dec. 14, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that Linda M.
Kane has been promoted to senior vice president, chief accounting and
administrative officer, and Charles D. Obert has been promoted to vice
president, corporate controller.
"These two outstanding individuals are key leaders in our
accounting, compliance and administrative management efforts, and are
representative of the depth and quality of talent in thes... |
| | | | 12/14/07 | Forest City Declared Quarterly Dividend| CLEVELAND, Dec 14, 2007 (BUSINESS WIRE) -- Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced
today that the Board of Directors declared a quarterly cash dividend
of $0.08 per share (annual rate of $0.32 per share) on the outstanding
shares of both Class A and Class B Common Stock, payable on March 17,
2008, to shareholders of record at the close of business on March 3,
2008.
Corporate Description
Forest City Enterprises, Inc. is a $10 billion NYSE-listed
national real esta... |
| | | | 12/06/07 | Forest City Reports Third-Quarter and Year-to-Date Financial Results| CLEVELAND--(BUSINESS WIRE)--Dec. 6, 2007--Forest City Enterprises,
Inc. (NYSE:FCEA) and (NYSE:FCEB) today announced revenues, net
earnings and EBDT for the third quarter and nine months ended October
31, 2007.
EBDT (Earnings Before Depreciation, Amortization and Deferred
Taxes) for the third quarter grew to $68.8 million, or $0.64 per
share, a 14.3 percent increase on a per share basis compared with last
year's third-quarter EBDT of $57.4 million, or $0.56 per share. EBDT
for the... |
| | | | 11/20/07 | Forest City Closes on Acquisition of Nearly 3,000 Military Family Housing Units in Navy's Northwest Region| CLEVELAND--(BUSINESS WIRE)--Nov. 20, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that its
Forest City Military Communities, LLC subsidiary has closed on the
previously announced acquisition of 2,985 military family housing
units in the U.S. Navy's Northwest Region.
The Navy's Northwest Region encompasses multiple neighborhoods
associated with three Naval Installations in the Puget Sound area of
the state of Washington. Forest City assumes responsibi... |
| | | | 10/23/07 | Joanne Minieri Named President of Forest City Ratner Companies | Promotion Recognizes Achievements of Current COO and Executive Vice President
BROOKLYN, New York, and CLEVELAND, Ohio – October 22, 2007 – Forest City Enterprises (NYSE: FCE.A) (NYSE: FCE.B) announced today that Joanne M. Minieri has been named president and chief operating officer of Forest City Ratner Companies, the Company's New York-based wholly owned subsidiary. Minieri was previously executive vice president and chief operating officer.
In addition, Bruce C. Ratner, previously ... |
| | | | 10/18/07 | Forest City Closes on $640 Million Refinancing for The New York Times Building - Largest Permanent Loan in Company's History| CLEVELAND--(BUSINESS WIRE)--Oct. 18, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that its New
York City-based wholly owned subsidiary, Forest City Ratner Companies,
closed on a $640 million loan with HSH Nordbank AG to refinance the
1.5-million-square-foot New York Times Building, which is scheduled to
have its grand opening next month. The deal is the largest permanent
loan in the Company's history.
Bruce Ratner, president and CEO of Forest City Ra... |
| | | | 10/03/07 | Forest City Chief Financial Officer Tom Smith to Retire; Bob O'Brien Named as Successor| CLEVELAND--(BUSINESS WIRE)--Oct. 3, 2007--Forest City Enterprises,
Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that current chief
financial officer Thomas G. Smith will retire on or about April 1,
2008, following filing of the Company's 2007 Form 10-K with the U.S.
Securities and Exchange Commission. Robert G. O'Brien will assume
overall leadership of financial activities on February 1, 2008, the
beginning of the Company's fiscal year, and will become executive vice
president, chief ... |
| | | | 09/26/07 | Forest City Declared Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--Sept. 26, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced today that the
Board of Directors declared a quarterly cash dividend of $0.08 per
share (annual rate of $0.32 per share) on the outstanding shares of
both Class A and Class B Common Stock, payable on December 17, 2007,
to shareholders of record at the close of business on December 3,
2007.
Corporate Description
Forest City Enterprises, Inc. is a $9.5 billion NYSE-listed
... |
| | | | 09/18/07 | Forest City Ratner Signs Two Haute Restaurants for The New York Times Building |
Dean & DeLuca Café and Inakaya, a Unique Japanese Grill,
to Open on Eighth Avenue
NEW YORK - Tuesday, September 18, 2007-Forest City Ratner Companies announced that two new tenants have signed leases for street-level retail space in The New York Times Building at 620 Eighth Avenue near Times Square.
Dean & DeLuca, the highly-regarded gourmet food emporium, will lease nearly 3,200 square feet to open its seventh Dean & DeLuca Café in New York. Inakaya, the world-famous "robatayaki"-styl... |
| | | | 09/10/07 | Forest City Enterprises Reminder of First-Half Earnings Conference Call| Tuesday September 11, 2007, 2:00 P.M. ET
CLEVELAND--(BUSINESS WIRE)--Sept. 10, 2007--Forest City
Enterprises (NYSE:FCEA)(NYSE:FCEB):
TO: Interested analysts, brokers and investors
FROM: Forest City Enterprises
RE: Forest City's First-Half Earnings Conference Call
Forest City Enterprises announced its first-half 2007 financial
results today, Monday, September 10, 2007, and will be conducting a
conference call on Tuesday, September 11, 2007 at 2:00 P.M. ET.
... |
| | | | 09/10/07 | Forest City Reports Second-Quarter and Year-to-Date Financial Results| CLEVELAND--(BUSINESS WIRE)--Sept. 10, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced revenues, net
earnings and EBDT for the second quarter and six months ended July 31,
2007.
EBDT (Earnings Before Depreciation, Amortization and Deferred
Taxes) for the second quarter was $71.2 million, or $0.66 per share, a
20.0 percent increase on a per share basis compared with last year's
second-quarter EBDT of $56.7 million, or $0.55 per share. EBDT for the
six mon... |
| | | | 08/30/07 | Forest City Enterprises Notice of First-Half Earnings Conference Call| Tuesday September 11, 2007, 2:00 P.M. ETCLEVELAND, Aug 30, 2007 (BUSINESS WIRE) -- Forest City Enterprises (NYSE:FCEA)(NYSE:FCEB):
TO: Interested analysts, brokers and investors
FROM: Forest City Enterprises
RE: Forest City's First-Half Earnings Conference Call
Forest City Enterprises will release its first-half 2007 financial
results on Monday September 10, 2007 and will hold a conference call
on Tuesday September 11, 2007 at 2:00 P.M. ET to discuss these
results. Yo... |
| | | | 08/20/07 | Forest City Closes on Largest Construction Financing in Company History - $630 Million Loan for Ridge Hill Mixed-Use Project in Yonkers| CLEVELAND--(BUSINESS WIRE)--Aug. 20, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that its
Forest City Ratner Companies subsidiary has closed on $630 million in
construction financing for Ridge Hill regional lifestyle center in
Yonkers, New York. The financing marks the largest single construction
loan in Forest City's history and will be provided by Bank of America,
ING Real Estate Finance and Key Bank Real Estate Capital.
"Ridge Hill will be a new t... |
| | | | 08/08/07 | GGP and Forest City Enterprises Partner to Develop 400 Acres| FRISCO, Texas--(BUSINESS WIRE)--Aug. 8, 2007--General Growth
Properties, Inc. (NYSE: GGP) and Forest City Enterprises, Inc. (NYSE:
FCEA) (NYSE:FCEB) today announced a partnership to develop a master
plan for approximately 400 acres southwest of the Dallas North
Tollway-U.S. 380 interchange. The development will include shopping,
residential, hotel and office.
"Combining Forest City's 75 years in the real estate industry and
its capabilities in mixed use development with GGP's 50 p... |
| | | | 08/01/07 | Forest City Buys 11 Office Buildings in Suburban Richmond, Virginia| CLEVELAND--(BUSINESS WIRE)--Aug. 1, 2007--Forest City Enterprises,
Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that it has acquired 11
office buildings, totaling approximately 600,000 square feet, in
Henrico County near Richmond, Virginia. The properties are 95 percent
leased to a mix of high-quality local and regional tenants.
Charles A. Ratner, president and chief executive officer of Forest
City Enterprises, said, "Under our City Strategy, Forest City is able
to enter core urb... |
| | | | 07/31/07 | Forest City Expands Military Housing Program|
-- Agrees to acquire 2,985 Navy housing units in the Northwest
Region
-- Selected to manage more than 400 Air Force Academy homes in
Colorado
-- Enters into exclusive negotiations for Phase II of Marine
Corps project in Hawaii
-- Enters into exclusive negotiations for Phase II of Navy
Midwest project
CLEVELAND--(BUSINESS WIRE)--July 31, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that its
F... |
| | | | 07/30/07 | Forest City Acquires Interest in 12.7-Acre Site for Commercial Development in Las Vegas| CLEVELAND--(BUSINESS WIRE)--July 30, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that it has
acquired a 60 percent interest in a 12.7-acre site in downtown Las
Vegas.
Forest City acquired its 60 percent interest in the site from
entrepreneurial real estate developer Livework LLC, which will hold
the remaining 40 percent interest in the property. The total cost of
the site is approximately $136 million. KeyBank National Association
was the lead lende... |
| | | | 07/27/07 | Forest City Breaks Ground for The Shops at White Oak Village Near Richmond, Virginia| CLEVELAND--(BUSINESS WIRE)--July 27, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced
groundbreaking for The Shops at White Oak Village, a $161 million
retail center near Richmond, Virginia.
The approximately 900,000-square-foot Shops at White Oak Village,
located in eastern Henrico County, will include a 757,000-square-foot
power center, a 150,000-square-foot lifestyle center component and a
Hyatt Place hotel. Recently announced retailers will include ... |
| | | | 07/27/07 | Forest City Signs Office Tenant for New York Times Building| CLEVELAND--(BUSINESS WIRE)--July 27, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that it has
signed a new office tenant for the 1.5-million-square-foot New York
Times Building, which brings signed office lease agreements to
approximately 90 percent.
JAMS, The Resolution Experts, a national mediation and arbitration
firm, has agreed to lease more than 31,000 square feet of office
space. JAMS, which currently occupies several New York City locations,
... |
| | | | 07/26/07 | Forest City Enters Into Agreement for Disposition of 12 Assisted-Living Properties| CLEVELAND--(BUSINESS WIRE)--July 26, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced it has
reached an agreement with Atria Senior Living Group to dispose of 12
assisted-living properties, representing 1,628 total units.
The transaction is valued at $607 million and will generate net
cash proceeds of approximately $240 million to be recognized over the
next three years. Eleven properties are operated under the Sterling
Glen brand name and are primarily ... |
| | | | 07/24/07 | Forest City Announces Completion of Secondary Offering| CLEVELAND--(BUSINESS WIRE)--July 24, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) announced that certain
members of RMS, Limited Partnership have completed their resale of
1.25 million shares of Forest City's Class A common stock through a
series of privately negotiated transactions.
RMS, Limited Partnership (controlled by the Ratner, Miller and
Shafran families) owns a controlling interest in Forest City. The
families sold approximately 3.9 percent of RMS, LP's agg... |
| | | | 06/22/07 | Forest City Announces Proposed Secondary Offering| CLEVELAND--(BUSINESS WIRE)--June 22, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that it has
filed an immediately effective automatic shelf registration statement
on Form S-3 with the Securities and Exchange Commission to facilitate
resales of up to 1.25 million shares of Class A common stock by
certain shareholders.
The selling shareholders will be members of RMS, Limited
Partnership (controlled by the Ratner, Miller and Shafran families),
which ow... |
| | | | 06/21/07 | Forest City Increases Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--June 21, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced today that the
Board of Directors declared a quarterly cash dividend of $0.08 per
share (annual rate of $0.32 per share) on the outstanding shares of
both Class A and Class B Common Stock, payable on September 18, 2007,
to shareholders of record at the close of business on September 4,
2007.
The change in the dividend represents a 14 percent increase from
the previous quarter... |
| | | | 06/20/07 | Forest City to Webcast 2007 Annual Meeting of Shareholders| CLEVELAND, Jun 20, 2007 (BUSINESS WIRE) -- Forest City Enterprises, Inc. (NYSE:FCEA) and (NYSE:FCEB) today
announced that the Company will webcast its 2007 annual meeting of
shareholders beginning at 2:00 p.m. Eastern time on Thursday, June 21,
2007. The annual meeting is being held at the Ritz-Carlton in
Cleveland.
The business portion of the meeting will be followed immediately
by management presentations. The presentations will be simultaneously
broadcast live over the Internet through... |
| | | | 06/07/07 | Forest City Reports Fiscal 2007 First-Quarter Results| CLEVELAND--(BUSINESS WIRE)--June 7, 2007--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced EBDT, net earnings and
revenues for the fiscal first quarter ended April 30, 2007.
First-quarter EBDT (Earnings Before Depreciation, Amortization and
Deferred Taxes) was $34.5 million, or $0.32 per share, compared with
last year's EBDT of $63.3 million, or $0.61 per share. Fiscal 2007
first-quarter net loss was $17.2 million, or $0.17 per share, compared
with net earnings... |
| | | | 06/01/07 | Forest City Employees Trade Office Duties for Volunteer Activities on Community Day|
-- Highest Level of Participation in the History of Forest City's
Community Day
-- More Than 11,000 Hours of Service Donated
CLEVELAND--(BUSINESS WIRE)--June 1, 2007--More than 1,300 Forest
City employees nationwide won't spend Friday, June 1, making phone
calls, writing memos or balancing budgets. Instead, they'll be
planting flowers, building fences and serving meals in the communities
in which they live and work. For the fourth consecutive year, Forest
City... |
| | | | 05/02/07 | Forest City Announces Redevelopment Agreement for Historic Presidio Building in San Francisco| CLEVELAND--(BUSINESS WIRE)--May 2, 2007--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that it has signed an
agreement with the Presidio Trust to redevelop a former public health
service hospital in the Presidio of San Francisco into an apartment
community. The Presidio Trust was established in 1996 to manage the
Presidio of San Francisco, an historic, former army base located at
the foot of the Golden Gate Bridge and now a national park.
The Forest City dev... |
| | | | 04/30/07 | Forest City Announces Grand Opening of The Promenade Bolingbrook Town Center| CLEVELAND--(BUSINESS WIRE)--April 30, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the grand
opening of The Promenade Bolingbrook, a 736,000-square-foot open-air
town center in suburban Chicago.
The Promenade Bolingbrook will serve as a main street-style town
center for Bolingbrook residents and is expected to attract visitors
from across the Chicagoland region. The $135 million center is
anchored by Macy's and Bass Pro Shops. The retail center will a... |
| | | | 03/28/07 | Forest City Enterprises Reminder of Year-End Earnings Conference Call Thursday March 29, 2007, 11:00 A.M. ET| CLEVELAND--(BUSINESS WIRE)--March 28, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB):
TO: Interested analysts, brokers and investors
FROM: Forest City Enterprises
RE: Forest City's Year-End Conference Call
Forest City Enterprises announced its fiscal 2006 financial
results yesterday, Tuesday, March 27, 2007, and will be conducting a
conference call on Thursday, March 29, 2007 at 11:00 A.M. ET.
You are invited to dial into a conference call with... |
| | | | 03/27/07 | Forest City Reports Fiscal 2006 Full-Year and Fourth-Quarter Results| CLEVELAND--(BUSINESS WIRE)--March 27, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced EBDT, net
earnings and revenues for the fiscal fourth quarter and full year
ended January 31, 2007.
In fiscal 2006, consolidated revenues grew to a record $1.2
billion, a 3.6 percent increase over last year's $1.1 billion. EBDT
(Earnings Before Depreciation, Amortization and Deferred Taxes) was
$285.0 million, or $2.73 per share, a 3.4 percent increase on a per
share b... |
| | | | 03/22/07 | Forest City Declared Quarterly Dividend| CLEVELAND, Mar 22, 2007 (BUSINESS WIRE) -- Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced
today that the Board of Directors declared a quarterly cash dividend
of $0.07 per share (annual rate of $0.28 per share) on the outstanding
shares of both Class A and Class B Common Stock, payable on June 15,
2007, to shareholders of record at the close of business on June 1,
2007.
Corporate Description
Forest City Enterprises, Inc. is a $8.5 billion NYSE-listed
national real estat... |
| | | | 03/19/07 | Forest City Enterprises Notice of Year-End Earnings Conference Call Thursday March 29, 2007, 11:00 A.M. ET| CLEVELAND, Mar 19, 2007 (BUSINESS WIRE) -- Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB):
TO: Interested analysts, brokers and investors
FROM: Forest City Enterprises
RE: Forest City's Year-End Conference Call
Forest City Enterprises will release its fiscal 2006 financial
results on Tuesday, March 27, 2007 and will hold a conference call on
Thursday, March 29, 2007 at 11:00 A.M. ET to discuss these results.
You are invited to dial into the conference call with Charles A.
Rat... |
| | | | 03/19/07 | Forest City Signs First Two Office Tenants for Waterfront Mixed-Use Project in Washington, D.C.| CLEVELAND, Mar 19, 2007 (BUSINESS WIRE) -- Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today
announced that two local government agencies have agreed to lease
approximately 500,000 square feet in two new office buildings under
development at the Company's Waterfront mixed-use project in
Washington, D.C.
Demolition is expected to begin mid-2007 with building
construction scheduled for early 2008. Occupancy by the two agencies -
the District of Columbia's Office of the Chief Financ... |
| | | | 03/06/07 | REMINDER/Forest City to Present at Citigroup 2007 Global Property CEO Conference| CLEVELAND--(BUSINESS WIRE)--March 6, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA) and (NYSE:FCEB) announced that Charles
Ratner, president and chief executive officer, will present at the
Citigroup 2007 Global Property CEO Conference at the Ritz-Carlton in
Naples, Florida on Tuesday, March 6, 2007.
The Company's presentation is scheduled for today at 1:55 p.m. ET,
and may be accessed live via conference call by dialing (913)
312-1273, passcode: "Forest." The live broadcast will... |
| | | | 02/28/07 | Forest City to Present at Citigroup 2007 Global Property CEO Conference| CLEVELAND--(BUSINESS WIRE)--Feb. 28, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA) and (NYSE:FCEB) today announced that
Charles Ratner, president and chief executive officer, will present at
the Citigroup 2007 Global Property CEO Conference at the Ritz-Carlton
in Naples, Florida on Tuesday, March 6, 2007.
The Company's presentation is scheduled for 1:55 p.m. ET on
Tuesday, March 6, and may be accessed live via conference call by
dialing (913) 312-1273, passcode: "Forest." The li... |
| | | | 02/27/07 | Forest City Acquires Commerce Court Office Building at Pittsburgh's Station Square| CLEVELAND--(BUSINESS WIRE)--Feb. 27, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA) and (NYSE:FCEB) today announced the
acquisition of the Commerce Court office building in Pittsburgh's
Station Square.
Commerce Court is a seven-story, 378,000-square-foot office
building that includes ground-floor retail space. Forest City's
40-acre Station Square mixed-use development features a variety of
shopping, dining and entertainment venues.
Corporate Description
Forest City Ente... |
| | | | 01/19/07 | Forest City Reaches Agreement with Barclays PLC for Naming Rights to Brooklyn Atlantic Yards Arena| CLEVELAND--(BUSINESS WIRE)--Jan. 19, 2007--Forest City
Enterprises, Inc. (NYSE:FCEA) and (NYSE:FCEB) today announced that
Barclays PLC, a major global financial services provider, has signed a
partnership agreement for naming rights to a planned new sports and
entertainment arena at Forest City's Atlantic Yards project in
Brooklyn. The arena is expected to become home to the National
Basketball Association's Nets, in which Forest City has an ownership
interest. Financial terms of the ... |
| | | | 01/04/07 | Forest City Announces Registration of $287.5 Million Puttable Equity-Linked Senior Notes| CLEVELAND--(BUSINESS WIRE)--Jan. 4, 2007--Forest City Enterprises,
Inc. (NYSE:FCEA) and (NYSE:FCEB) today announced the filing of an
immediately effective automatic shelf registration statement on Form
S-3 with the Securities and Exchange Commission relating to the resale
by holders of its 3.625% Puttable Equity-Linked Senior Notes due 2011,
and the shares of Class A common stock, if any, issuable upon a put by
the holders of the notes in the event Forest City exercises its net
share ... |
| | | | 12/21/06 | Forest City's Atlantic Yards Project Approved By State Board| CLEVELAND--(BUSINESS WIRE)--Dec. 21, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA) and (NYSE:FCEB) today announced that New
York's Public Authorities Control Board (PACB) unanimously approved
the Company's Atlantic Yards project, a mixed-use development in
downtown Brooklyn whose main attraction is expected to be a new sports
and entertainment arena for the Nets NBA basketball team.
The three voting members of PACB, representing the governor,
Senate and Assembly, unanimously aut... |
| | | | 12/14/06 | Forest City Declared Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--Dec. 14, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) announced today that the
Board of Directors declared a quarterly cash dividend of $0.07 per
share (annual rate of $0.28 per share) on the outstanding shares of
both Class A and Class B Common Stock, payable on March 15, 2007, to
shareholders of record at the close of business on March 1, 2007.
Corporate Description
Forest City Enterprises, Inc. is an $8.5 billion NYSE-listed
natio... |
| | | | 12/07/06 | Forest City Reports Third-Quarter and Year-to-Date Financial Results| CLEVELAND--(BUSINESS WIRE)--Dec. 7, 2006--Forest City Enterprises,
Inc. (NYSE:FCEA) and (NYSE:FCEB) today announced revenues, net
earnings and EBDT for the third quarter and nine months ended October
31, 2006.
EBDT (Earnings Before Depreciation, Amortization and Deferred
Taxes) for the third quarter was $57.4 million, or $0.56 per share,
compared with last year's third-quarter EBDT of $64.3 million, or
$0.63 per share. EBDT for the nine months ended October 31, 2006 was
$177.4 mi... |
| | | | 11/08/06 | Forest City Completes Restructuring of New York City Portfolio| CLEVELAND--(BUSINESS WIRE)--Nov. 8, 2006--Forest City Enterprises,
Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that it has completed the
restructuring of the Forest City Ratner Companies portfolio. The
portfolio is composed of Forest City Enterprises' and Bruce C.
Ratner's combined interest in a total of 30 retail, office and
residential operating properties, certain service companies and seven
identified development opportunities, as well as the pursuit of new
real estate opportunit... |
| | | | 10/30/06 | Forest City Announces Grand Opening of Northfield Stapleton Retail Center in Denver| CLEVELAND--(BUSINESS WIRE)--Oct. 30, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced the grand
opening of the 1.2-million-square-foot Northfield open-air regional
lifestyle center at the Company's Stapleton mixed-use project in
Denver.
Northfield Stapleton's just-completed 637,000-square-foot "main
street" phase is anchored by a 140,000-square-foot Macy's, the first
new Macy's store in Colorado. SuperTarget, Circuit City, Colorado's
first Bass Pro Shop... |
| | | | 10/25/06 | Forest City Offers Westfield San Francisco Centre Tour to NAREIT Attendees| CLEVELAND--(BUSINESS WIRE)--Oct. 25, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced a tour of
the new 1.5-million-square-foot San Francisco Centre retail/office
project in downtown San Francisco. The investment community tour will
be held from 1 to 3 p.m. on November 7, 2006, during the NAREIT Annual
Convention in San Francisco.
The tour will begin with lunch and a presentation, followed by a
walking tour of the retail center. The National Association ... |
| | | | 10/10/06 | Forest City Fitzsimons Signs Agreement to Develop 160-Acre Life Sciences Park Near Denver| CLEVELAND--(BUSINESS WIRE)--Oct. 10, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that Forest
City Fitzsimons, Inc. has signed an agreement with the Fitzsimons
Redevelopment Authority (FRA) to develop a 160-acre life sciences
office park near Denver.
The new park, to be built on the site of the former Fitzsimons
Army Medical Center, will include offices and research and development
facilities for the life sciences industry. Build-out will occur over
... |
| | | | 10/05/06 | Forest City Announces Pricing of $250 Million Puttable Equity-Linked Senior Notes and Repurchase of $25 Million of Class A Common Stock| CLEVELAND--(BUSINESS WIRE)--Oct. 4, 2006--Forest City Enterprises,
Inc. (NYSE:FCEA) (NYSE:FCEB) today announced the pricing of its
offering of $250 million aggregate principal amount of Puttable
Equity-Linked Senior Notes due 2011 and the repurchase of $25 million
of its Class A common stock. Forest City has granted the initial
purchasers of the notes an option to purchase up to an additional
$37.5 million aggregate principal amount of the notes solely to cover
over-allotments. These ... |
| | | | 10/03/06 | Forest City to Offer $250 Million Puttable Equity-Linked Senior Notes Due 2011| CLEVELAND--(BUSINESS WIRE)--Oct. 3, 2006--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced its intention to offer,
subject to market and other conditions, $250 million aggregate
principal amount of Puttable Equity-Linked Senior Notes due 2011.
These notes will be offered to qualified institutional buyers pursuant
to Rule 144A under the Securities Act of 1933, as amended.
The notes are expected to be puttable at the option of the holders
prior to maturity under ... |
| | | | 10/02/06 | Forest City and Westfield Announce Grand Opening of San Francisco Centre| CLEVELAND--(BUSINESS WIRE)--Oct. 2, 2006--Forest City Enterprises,
Inc. (NYSE:FCEA) (NYSE:FCEB) and Westfield America (ASX:WFA) today
announced the grand opening of the new 1.5-million-square-foot San
Francisco Centre retail/office project in downtown San Francisco.
Jointly developed and owned by Forest City and Westfield, San
Francisco Centre is one of the largest urban retail centers west of
the Mississippi. The new center connects the redeveloped historic
Emporium department st... |
| | | | 09/27/06 | Forest City Declared Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--Sept. 27, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced today that the
Board of Directors declared a quarterly cash dividend of $0.07 per
share (annual rate of $0.28 per share) on the outstanding shares of
both Class A and Class B Common Stock, payable on December 15, 2006,
to shareholders of record at the close of business on December 1,
2006.
Corporate Description
Forest City Enterprises, Inc. is an $8.0 billion NYSE-listed... |
| | | | 09/07/06 | Forest City Enterprises Reminder of Semi-Annual Earnings Conference Call Tuesday, September 12, 2006, 11:00 A.M. ET| CLEVELAND--(BUSINESS WIRE)--Sept. 7, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB):
TO: Interested analysts, brokers, and investors
FROM: Forest City Enterprises
RE: Forest City Enterprises' Semi-Annual Earnings Conference
Forest City Enterprises announced its fiscal second quarter and
first six months financial results for 2006 today September 7, 2006,
and will be conducting a conference call, Tuesday, September 12, 2006
at 11:00 A.M. ET.
Yo... |
| | | | 09/07/06 | Forest City Reports Second-Quarter and Year-to-Date Financial Results| CLEVELAND--(BUSINESS WIRE)--Sept. 7, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced revenues, net
earnings and EBDT for the second quarter and six months ended July 31,
2006.
EBDT (Earnings Before Depreciation, Amortization and Deferred
Taxes) for the second quarter was $56.7 million, or $0.55 per share, a
12.7 percent decrease on a per share basis compared with last year's
second-quarter EBDT of $64.9 million, or $0.63 per share. EBDT for the
six mont... |
| | | | 08/31/06 | Forest City Enterprises Notice of Semi-Annual Earnings Conference Call Tuesday, September 12, 2006, 11:00 A.M. ET| CLEVELAND--(BUSINESS WIRE)--Aug. 31, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB):
TO: Interested analysts, brokers, and investors
FROM: Forest City Enterprises
RE: Forest City Enterprises' Semi-Annual Conference Call
Forest City Enterprises will release its fiscal second quarter and
first six months financial results for 2006 on September 7, 2006 and
will hold a conference call on Tuesday, September 12, 2006 at 11:00
A.M. ET to discuss t... |
| | | | 08/17/06 | Forest City Signs Legg Mason as Largest Tenant for New York Times Building| CLEVELAND--(BUSINESS WIRE)--Aug. 17, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced its largest
tenant, the global asset management firm Legg Mason, for the 52-story,
1.5-million-square-foot New York Times Building, which is nearing
completion in Manhattan.
Forest City said Legg Mason has agreed to lease approximately
200,000 square feet, which means that more than 75 percent of the
700,000 square feet of space owned by Forest City Ratner Companies,
t... |
| | | | 08/10/06 | Forest City Enterprises and Forest City Ratner Agree to Restructure New York City Portfolio| CLEVELAND--(BUSINESS WIRE)--Aug. 10, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that it has
reached a definitive agreement with Bruce C. Ratner to restructure
their existing business relationship covering their combined interest
in a total of 30 retail, office and residential operating properties,
certain service companies and seven identified development
opportunities that are currently owned jointly by Forest City and
Bruce Ratner, as well as the pur... |
| | | | 08/03/06 | Forest City Announces Negotiations to Restructure Forest City Ratner Portfolio| CLEVELAND--(BUSINESS WIRE)--Aug. 3, 2006--Forest City Enterprises,
Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that it is negotiating
with Bruce C. Ratner to restructure their combined interest in a total
of 30 retail, office and residential operating properties and certain
service companies that currently are owned jointly by Forest City and
Ratner. All of the properties included in this portfolio except one
are located in the New York City metropolitan area. Currently Forest
City o... |
| | | | 07/14/06 | Forest City Announces Leasing and Construction Milestones for New York Times Building| CLEVELAND--(BUSINESS WIRE)--July 14, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced a third major
tenant for the New York Times Building near Times Square in Manhattan,
and the topping-out of the 52-story, 1.5-million-square-foot office
tower. The final 40-foot, 2,000-pound beam was raised 746 feet above
street level, atop the building's steel frame on the 52nd floor.
Osler, Hoskin & Harcourt LLP, one of Canada's leading business law
firms, agreed to a ... |
| | | | 06/27/06 | Forest City Builds on Strategic Commitment to Sustainability with Appointment of Two Directors| CLEVELAND - June 27, 2006 - Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced the recent appointments of two directors to lead the Company's sustainability and energy management initiatives.
Jon Ratner has been appointed director of sustainability initiatives, providing leadership of sustainability-related best practices and procedures. Joyce Mihalik, a Certified Industrial Energy Consultant, was named director of energy management, responsible for the development, implement... |
| | | | 06/22/06 | Forest City's New York Times Building Signs Largest Tenant to Date| CLEVELAND--(BUSINESS WIRE)--June 22, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that its New
York City affiliate has signed its largest tenant so far for the
1.5-million-square-foot, 52-story New York Times Building in
Manhattan's Times Square, which is currently under construction and
scheduled to open in 2007.
Forest City Ratner Companies signed a lease with Covington &
Burling, a leading international law firm with more than 550 lawyers
worldwid... |
| | | | 06/21/06 | Forest City Covington NM, LLC Purchases 3,000 Acres at Mesa del Sol in Albuquerque| CLEVELAND--(BUSINESS WIRE)--June 21, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that Forest
City Covington NM, LLC has purchased 3,000 acres of land from the
University of New Mexico, at the Mesa del Sol mixed-use project in
Albuquerque. Forest City Covington NM, LLC is a joint venture between
Forest City and Covington NM, LLC.
In 2005, Forest City Covington signed a development agreement with
university and government officials to develop the 9,000... |
| | | | 06/15/06 | Forest City Increases Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--June 15, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced today that the
Board of Directors declared a quarterly cash dividend of $0.07 per
share (annual rate of $0.28 per share) on the outstanding shares of
both Class A and Class B Common Stock, payable on September 15, 2006,
to shareholders of record at the close of business on September 1,
2006.
The change in the dividend represents a 17 percent increase from
the previous quarter... |
| | | | 06/08/06 | Forest City Employees Trade Office Duties for Volunteer Activities on Annual Community Day; Over 11,000 Hours of Service Donated| CLEVELAND--(BUSINESS WIRE)--June 8, 2006--More than 1,300 Forest
City employees nationwide won't spend Friday, June 9, making phone
calls, writing memos or balancing budgets. Instead they'll be planting
flowers, building fences and serving meals in the communities in which
they live and work. For the third consecutive year Forest City
employees will spend the workday volunteering with local service
organizations in 34 cities across the country as part of company's
annual Community Day... |
| | | | 06/06/06 | Forest City Reports Fiscal 2006 First-Quarter Results| CLEVELAND--(BUSINESS WIRE)--June 6, 2006--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced revenues, net earnings and
EBDT for the fiscal first quarter ended April 30, 2006.
EBDT (Earnings Before Depreciation, Amortization and Deferred
Taxes) was $63.3 million, or $0.61 per share, a 7.6 percent decrease
on a per share basis compared with last year's EBDT of $67.7 million,
or $0.66 per share. This decline was primarily attributable to
decreased EBDT from land sa... |
| | | | 05/30/06 | Forest City Military Communities Breaks Ground on Most Ambitious Navy Housing Project at Great Lakes in Decades| Construction of the $238 million redevelopment project will begin in July 2006
GREAT LAKES, IL - May 30, 2006 - Together with the United States Navy, Forest City Military Communities, LLC today welcomed community and elected officials to a groundbreaking ceremony launching the start of construction and renovation of the company's Navy Great Lakes housing redevelopment project. Flanked by partners from local and federal governments, Forest City proudly discussed its vision to build a communit... |
| | | | 05/18/06 | Forest City Honored with Two Urban Land Institute Awards for Excellence| Cleveland, OH (May 18, 2006) – Stapleton, in Denver, Colorado, and Victoria Gardens in Rancho Cucamonga, California were awarded the Urban Land Institute's (ULI) Awards for Excellence: The America's Competition, it was announced Friday, May 12 at ULI's Spring Council Forum in Salt Lake City. Forest City was the only developer to win two of the ten 2006 awards, an extremely rare accomplishment in the 27 year history of the Awards for Excellence program.
The ULI Awards for Excellence are wi... |
| | | | 04/24/06 | Evanston Northwestern Healthcare Commits to Major Expansion at the Illinois Science + Technology Park | SKOKIE, Illinois--April 24, 2006--Illinois' vision to become a leader in the life science industry is taking shape today as Forest City Science + Technology Group, a division of Forest City Enterprises (NYSE: FCEA) (NYSE: FCEB), announced that Evanston Northwestern Healthcare (ENH), a leading Chicago health care provider, is joining the emerging cluster of technology companies at the Illinois Science + Technology Park being developed by Forest City in Skokie.
ENH will be initially relocating... |
| | | | 04/18/06 | Forest City Enterprises - Harrah's Entertainment Inc. Present Plan for Harrah's Station Square Casino to Pennsylvania Gaming Control Board|
Harrah's CFO Charles Atwood reinforces Harrah's industry leadership
position and ability to generate the most jobs and property tax relief
for the citizens of Pittsburgh
Harrah's Station Square team supports Arena Funding Plan
PITTSBURGH, April 18 /PRNewswire-FirstCall/ -- Forest City Enterprises
(NYSE: FCEA; FCEB) and Harrah's Entertainment, Inc. (NYSE: HET) today
presented their plan for investing more than $1 billion at Station Square to
the Pennsylvania Gam... |
| | | | 04/05/06 | Illinois Science + Technology Park Signs Leading Nanotechnology Company to Lease| NanoInk signs 21,000 square foot lease in state-of-the-art facility on Forest City Campus
Skokie, Illinois--April 5, 2006--Forest City Science + Technology Group announced today that NanoInk, a company commercializing the Dip Pen Nanolithography™ (DPN™) method of nanoscale manufacturing, has relocated its offices to the state-of-the-art Illinois Science + Technology Park in Skokie, Illinois. The company has signed a lease for 21,000 square feet on the Campus. Scott Brandwein of CB Richard Ell... |
| | | | 03/29/06 | Forest City Enterprises Reminder of Semi-Annual Earnings Conference Call Friday, March 31, 2006, 11:00 A.M. ET| CLEVELAND--(BUSINESS WIRE)--March 29, 2006--Forest City
Enterprises (NYSE:FCEA)(NYSE:FCEB)
FOREST CITY ENTERPRISES
REMINDER OF SEMI-ANNUAL EARNINGS
CONFERENCE CALL
Friday, March 31, 2006, 11:00 A.M. ET
TO: Interested analysts, brokers, and investors
FROM: Forest City Enterprises
RE: Forest City Enterprises' Semi-Annual Earnings Conference
Forest City ... |
| | | | 03/28/06 | Forest City Reports Fiscal 2005 Full-Year and Fourth-Quarter Results| CLEVELAND--(BUSINESS WIRE)--March 28, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced revenues, net
earnings and EBDT for the fiscal fourth quarter and full year ended
January 31, 2006. All per-share figures are adjusted for the Company's
two-for-one stock split effective July 11, 2005.
For the year ended January 31, 2006, consolidated revenues were
$1.2 billion, a 21.8 percent increase over last year's $986 million.
Net earnings for fiscal 2005 were $83... |
| | | | 03/27/06 | Fitzsimons Redevelopment Authority and Forest City Reach Agreement on Long-Term Partnership to Develop Bioscience Park| AURORA, Colo., March 27 /PRNewswire/ -- The Fitzsimons Redevelopment
Authority (FRA) and Forest City Fitzsimons, Inc., a subsidiary of Forest City
Enterprises, have entered into a Memorandum of Understanding (MOU) for a
long-term partnership to develop the 160-acre private-sector bioscience park
adjacent to the University of Colorado Health Sciences Center campus at the
former Fitzsimons Army Medical Center in Aurora.
Aurora Mayor Ed Tauer, chairman of the Fitzsimons Redevelo... |
| | | | 03/23/06 | Forest City Declares Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--March 23, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced today that the
Board of Directors declared a quarterly cash dividend of $0.06 per
share (annual rate of $0.24 per share) on the outstanding shares of
both Class A and Class B Common Stock, payable on June 15, 2006, to
shareholders of record at the close of business on June 1, 2006.
Corporate Description
Forest City Enterprises, Inc. is an $8.0 billion NYSE-listed
nationa... |
| | | | 03/20/06 | Sunstone Hotel Investors, Inc. Completes the Previously Announced Acquisition of the 444-Room Hilton Times Square| San Clemente, Calif. (March 20, 2006) - Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it has completed the acquisition of the Hilton Times Square located in New York City on 42nd Street one half block west of Times Square for a purchase price of approximately $242.5 million. Sunstone has executed its option and made an additional $15.0 million payment to convert the property to a franchise. Sunstone Hotel Properties, a division of Interstate Hotels & Resorts, will manage the pr... |
| | | | 03/20/06 | Forest City Enterprises Notice of Semi-Annual Earnings Conference Call Friday, March 31, 2006, 11:00 A.M. ET| CLEVELAND--(BUSINESS WIRE)--March 20, 2006--Forest City
Enterprises (NYSE:FCEA)(NYSE:FCEB)
FOREST CITY ENTERPRISES
NOTICE OF SEMI-ANNUAL EARNINGS CONFERENCE CALL
Friday, March 31, 2006, 11:00 A.M. ET
TO: Interested analysts, brokers, and investors
FROM: Forest City Enterprises
RE: Forest City Enterprises' Semi-Annual Conference Call
Forest City Enterprises will release its fiscal year-... |
| | | | 02/23/06 | Village Brokers Deal with Forest City Military Communities to Purchase 35 Acres of Surplus Land| Cooperative Venture will Involve Park, School Districts
February 23, 2006 – Village President Kerry Cummings announced today that the Village will purchase 35 acres of land located west of Shermer Road just north of West Lake Avenue from Midwest Family Housing (MFH), a partnership between Forest City Military Communities and the United States Navy.
The cost to the Village will be $20.5 million. MFH will demolish all existing structures prior to transfer to the Village. A land use ... |
| | | | 02/16/06 | Forest City to Host Investor and Analyst Conference| CLEVELAND--(BUSINESS WIRE)--Feb. 16, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) will host an investor and
analyst conference on Monday March 13, 2006 in Cleveland.
The event will open with remarks by Charles A. Ratner, Forest City
Enterprises' president and chief executive officer. The conference
will provide attendees with the opportunity to hear from, and visit
with, many members of the management team, including representatives
from Forest City's Commercial Grou... |
| | | | 01/23/06 | Forest City Enterprises & Harrah's Entertainment Inc. Unveil Plans for Harrah's Station Square Casino| More than $1 Billion Mixed Use Plan Put ForwardPITTSBURGH, Jan 23, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Forest City Enterprises
(NYSE: FCEA; FCEB) today unveiled plans for over $1 billion of investment at
Station Square in Pittsburgh, including dramatic new investment in the
vitality of downtown Pittsburgh, a $512 million casino managed by Harrah's
Entertainment Inc. (NYSE: HET), a community partnership with the Pittsburgh
History & Landmarks Foundation and the creation of... |
| | | | 01/13/06 | Forest City Disposes of Apartment Communities| CLEVELAND--(BUSINESS WIRE)--Jan. 13, 2006--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the
disposition of the Enclave apartment community, which consists of 637
rental residential units in San Jose, California. The property sold
for approximately $127 million, at a capitalization rate below 4
percent. The transaction generated $29 million in cash proceeds for
the Company.
"In 2004 and 2005, we have been more active with dispositions to
take advantage of m... |
| | | | 01/06/06 | Forest City Signs Partnership Agreement for U.S. Navy Family Housing in Midwest| CLEVELAND--(BUSINESS WIRE)--Jan. 6, 2006--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the signing of a 50-year
partnership agreement between its Forest City Military Communities
subsidiary and the U.S. Navy for the ownership, development and
management of military family housing in the Chicago area.
The partnership agreement results in the formation of Midwest
Family Housing, LLC, a public/private venture (PPV) for Navy family
housing. Under Forest City's ... |
| | | | 12/28/05 | Forest City Enterprises & Harrah's Entertainment Inc. File Application to Create Gaming Facility in Pittsburgh| PITTSBURGH, Dec. 28 /PRNewswire-FirstCall/ -- Forest City Enterprises
(NYSE: FCEA; FCEB) and Harrah's Entertainment, Inc. (NYSE: HET) have united in
a team approach to securing a license to create a gaming facility in
Pittsburgh and formally filed their application with the Pennsylvania Gaming
Control Board today. The application provides that Forest City Enterprises,
together with a group of prominent local business people, will own the gaming
facility, while Harrah's Entertainment, ... |
| | | | 12/13/05 | Forest City Declares Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--Dec. 13, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced today that the
Board of Directors declared a quarterly cash dividend of $0.06 per
share (annual rate of $0.24 per share) on the outstanding shares of
both Class A and Class B Common Stock, payable on March 15, 2006, to
shareholders of record at the close of business on March 1, 2006.
Corporate Description
Forest City Enterprises, Inc. is a $7.4 billion NYSE-listed
nationa... |
| | | | 12/08/05 | Forest City Reports Third-Quarter and Year-to-Date Financial Results| CLEVELAND--(BUSINESS WIRE)--Dec. 8, 2005--Forest City Enterprises,
Inc. (NYSE:FCEA) (NYSE:FCEB) today announced revenues, net earnings
and EBDT for the third quarter and nine months ended October 31, 2005.
All per-share figures are adjusted for the Company's two-for-one stock
split effective July 11, 2005.
For the third quarter ended October 31, 2005, consolidated
revenues increased to $291.2 million compared with $250.3 million for
the third quarter a year ago. Third-quarter net ... |
| | | | 10/27/05 | Forest City Announces Grand Opening of Simi Valley Town Center in Southern California| CLEVELAND--(BUSINESS WIRE)--Oct. 27, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) and The Corti Gilchrist
Partnership, LLC today announced the grand opening of the new Simi
Valley Town Center open-air regional lifestyle center in Southern
California.
The 600,000-square-foot center features anchor tenants Macy's and
Robinsons-May, and more than 110 premier specialty shops and
restaurants including Anthropologie, BombayKids, Brighton
Collectibles, California Pizza Kit... |
| | | | 10/21/05 | Magna Entertainment and Forest City Announce Joint Venture Partnership Agreement for The Village at Gulfstream Park| AURORA, Ontario, Canada & CLEVELAND, Ohio--(BUSINESS WIRE)--Oct.
21, 2005--Magna Entertainment Corp. ("MEC") (NASDAQ:MECA)
(TSX:MEC.SV.A) and Forest City Enterprises, Inc. ("Forest City")
(NYSE:FCEA) (NYSE:FCEB) today announced that MEC and Forest City have
entered into a joint venture partnership agreement concerning the
planned development of "The Village at Gulfstream Park(TM)", a
55-acre, mixed-use retail, entertainment and residential project in
Hallandale, Florida.
The plan... |
| | | | 09/29/05 | Forest City Declares Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--Sept. 29, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) announced today that the
Board of Directors declared a quarterly cash dividend of $0.06 per
share (annual rate of $0.24 per share) on the outstanding shares of
both Class A and Class B Common Stock, payable on December 15, 2005,
to shareholders of record at the close of business on December 1,
2005.
Corporate Description
Forest City Enterprises, Inc. is a $7.4 billion NYSE-listed... |
| | | | 09/22/05 | Forest City Announces Agreement to Acquire Land for Brooklyn Atlantic Yards Mixed-Use Project| CLEVELAND--(BUSINESS WIRE)--Sept. 22, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that the New
York State transit agency has accepted the Company's offer to acquire
8.3 acres of land in Brooklyn for the development of its Brooklyn
Atlantic Yards project.
The $100 million agreement with the Metropolitan Transportation
Authority (MTA) is a significant milestone in Forest City's long-term
development of the 21-acre Atlantic Yards mixed-use project. The ... |
| | | | 09/13/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Over 1,000 Employees Participate| CLEVELAND, OH - After an extremely successful event its first year, Forest
City Enterprises (NYSE: FCEA) (NYSE: FCEB), a real estate development company
headquartered in Cleveland, Ohio, is again giving its employees the opportunity
to spend a work day volunteering with local service organizations. Over 1,000
associates, from across the United States, will participate in the company's
annual, nationwide volunteer day - Community Day - to be held on Friday,
September 16, 2... |
| | | | 09/13/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Washington-area Employees Participate at Van Ness Elementary School| Washington, DC - After an extremely successful event its first year, Forest
City Enterprises, a real estate development company headquartered in Cleveland,
Ohio, is again giving its employees the opportunity to spend a work day volunteering
with local service organizations. Forest City employees from the Washington
office, residential properties The Grand and The Lenox Club and the Ballston
Common Mall will spend their time during the company's Community Day - Friday,
Sep... |
| | | | 09/13/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Forest City Southwest Employees Participate at the Marana Health Center| Tucson, AZ - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Employees from the Land Division of Forest City Southwest will spend their
time during the company's Community Day - Friday, September 16, 2005 -
doing facilities repair, drywall, painting, landscaping, clean-up and m... |
| | | | 09/13/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
San Francisco Employees Participate at Clementina Child Development Center & Yerba Buena Gardens' Child Development Center| San Francisco, CA - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations. Forest City's San Francisco employees will spend their time during the company's Community Day - Friday, September 16, 2005 - working with the Clementina Child Development Center & Yerba Buena Gardens' Child Development Ce... |
| | | | 09/13/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Short Pump Town Center to Volunteer at the Interfaith Housing Corp. | Richmond, VA - After an extremely successful event its first year, Forest City
Enterprises, a real estate development company headquartered in Cleveland, Ohio,
is again giving its employees the opportunity to spend a work day volunteering
with local service organizations. Employees from Short Pump Town Center and
The Lofts at Tobacco Row will spend their time during the company's Community
Day - Friday, September 16, 2005 - working with the Interfaith Housing Corporation
... |
| | | | 09/13/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Forest City Military Communities to Volunteer in North Chicago| CHICAGO, IL - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Over 30 employees from Forest City Military Communities in the Chicago area
will spend their time during the company's Community Day - Friday, September
16, 2005 - planting a garden and new landscaping and installing eight ... |
| | | | 09/13/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Charleston Town Center Employees Participate at Salvation Army Boys & Girls Club| Charleston, WV - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Employees from Charleston Town Center will spend their time during the company's
Community Day - Friday, September 16, 2005 - doing minor repairs to some
transitional housing and spending the afternoon interacting... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Carl D. Perkins Employees Participate at the United Helping Hand Thrift Store | Pikeville, KY - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Employees from the Carl D. Perkins Apartments will spend their time during
the company's Community Day - Friday, September 16, 2005 - building clothing
racks and shelves and sorting donated items at the United Help... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Chicago's Pavilion Employees Participate at “We Grow Dreams”| Chicago, IL - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations. Forest City employees from the Pavilion apartment community in Chicago will spend their time during the company's Community Day - Friday, September 16, 2005 - doing renovations, painting, laying gravel, and working with special ... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Forest City Ratner Employees Participate at Prospect Park Alliance| Brooklyn, NY - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Employees from Forest City Ratner in Brooklyn, N.Y., will spend their time
during the company's Community Day - Friday, September 16, 2005 - weeding
flower beds, caring for newly planted trees, cleaning the lakeshor... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Antelope Valley Mall Employees to Volunteer at the Domestic Violence Shelter| Palmdale, CA - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Forest City employees from Antelope Valley Mall will spend their time during
the company's Community Day - Friday, September 16, 2005 - cleaning,
painting, doing yard work and making repairs to the facilities of the... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
100 Sterling Glen Employees Participate in Long Island | Long Island, NY - After an extremely successful event its first year, Forest
City Enterprises, a real estate development company headquartered in Cleveland,
Ohio, is again giving its employees the opportunity to spend a work day volunteering
with local service organizations. Forest City Daly and Sterling Glen employees,
from the N.Y.-metropolitan and tri-state area, will spend their time during
the company's Community Day - Friday, September 16, 2005 - preparing
and servi... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Philadelphia Sterling Glen Employees Participate at Smith Memorial Playground| Philadelphia, PA - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Employees from Sterling Glen will spend their time during the company's Community
Day - Friday, September 16, 2005 - painting, gardening, cleaning the playground
area and observing children during activities at ... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Charlotte Employees Assist Mecklenburg County Animal Control with a Pet Adoption| Charlotte, NC - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Employees from Forest City's Charlotte office will spend their time during
the company's Community Day - Friday, September 16, 2005 - working with
the county and community to host a pet adoption with the Mecklenbur... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Boulevard Mall Employees Participate at Habitat for Humanity| Buffalo, NY - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Forest City employees Boulevard Mall will spend their time during the company's
Community Day - Friday, September 16, 2005 - building and refurbishing
a home on Bradley Street in Buffalo, through Buffalo's Habitat fo... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
The Mall at Stonecrest Employees Participate at Decatur Cooperative Ministry| Decatur, GA - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Employees The Mall at Stonecrest will spend their time during the company's
Community Day - Friday, September 16, 2005 - painting, doing carpentry
and repair work, cleaning, organizing, decorating and remodeling at t... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
San Jose Employees Participate at Silicon Valley Habitat for Humanity| San Jose, CA - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Employees from 101 San Fernando, a Forest City residential community, will
spend their time during the company's Community Day - Friday, September 16,
2005 - contributing to the construction five houses for low-inco... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
American Village Employees Participate at New Directions Housing Corp.| Louisville, KY - After an extremely successful event its first year, Forest
City Enterprises, a real estate development company headquartered in Cleveland,
Ohio, is again giving its employees the opportunity to spend a work day volunteering
with local service organizations. Employees from Forest City's residential property,
American Village will spend their time during the company's Community Day
- Friday, September 16, 2005 - doing minor repairs at the home of a low-income
... |
| | | | 09/12/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Detroit Employees Participate at Gleaners Food Bank| Detroit, MI - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Forest City Residential employees from the Michigan regional office and properties in the Detroit area - Bowin Place, North Port Village, Farmington Place, Mable H. Kehres Apartments, Village Center and Millender Center - wi... |
| | | | 09/11/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Temecula Employees Participate at The Boys and Girls Club| Temecula, CA - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Employees at the Promenade in Temecula mall will spend their time during the
company's Community Day - Friday, September 16, 2005 - painting, doing
carpentry work and power washing a building at The Boys and Girls C... |
| | | | 09/11/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Forest City | Boston Employees Participate at The Greater Boston Food Bank and Reach Out to Hurricane Katrina Survivors| Boston, MA - After an extremely successful event its first year, Forest City
Enterprises, a real estate development company headquartered in Cleveland, Ohio,
is again giving its employees the opportunity to spend a work day volunteering
with local service organizations. Employees from Forest City | Boston and the
University Park at MIT residential properties 23 Sidney, 91 and 100 Landsdowne
and KBL will spend their time during the company's Community Day - Friday,
Septemb... |
| | | | 09/11/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Buckeye Towers Employees Participate at the Salvation Army| Portsmouth, OH - After an extremely successful event its first year, Forest
City Enterprises, a real estate development company headquartered in Cleveland,
Ohio, is again giving its employees the opportunity to spend a work day volunteering
with local service organizations. Its 2nd annual Community Day will be
held on Friday, September 16, 2005.
Employees at Buckeye Towers in New Boston, Ohio, will spend their time during the company's volunteer event preparing and serving lu... |
| | | | 09/11/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Over 500 Employees Participate in Cleveland| CLEVELAND, OH - After an extremely successful event its first year, Forest
City Enterprises, a real estate development company headquartered in Cleveland
is again giving its employees the opportunity to spend a work day volunteering
with local service organizations. More than 1,000 associates, from across the United
States, will participate in the company's annual, nationwide volunteer day -
Community Day - to be held on Friday, September 16, 2005.
Forest City associates ... |
| | | | 09/11/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Stapleton Employees Participate at the North East Denver Housing Center| Denver, CO - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Employees from Forest City Stapleton, at 7351 E. 29th Ave., Denver, will spend
their time during the company's Community Day - Friday, September 16, 2005
- rehabilitating a residential courtyard into a green space with ... |
| | | | 09/11/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Galleria at Sunset Employees Volunteer at the Boys and Girls Clubs | Henderson, NV - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations.
Employees from the Galleria at Sunset will spend their time during the company's
Community Day - Friday, September 16, 2005 - at the Boys and Girls Clubs
of Henderson at 401 Drake Street. The Boys and Girls Clubs p... |
| | | | 09/11/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Forest City Hawaii Employees Participate at Aliamanu Elementary School and Makalapa Community Center| Honolulu, HI - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations. Employees at Forest City's Hawaii Military Communities will spend their time during the company's Community Day - Friday, September 16, 2005 - at two locations: Aliamanu Elementary School, 3265 Salt Lake Blvd., installing secur... |
| | | | 09/11/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
American Village Employees Participate at New Directions Housing Corp.| Louisville, KY - After an extremely successful event its first year, Forest
City Enterprises, a real estate development company headquartered in Cleveland,
Ohio, is again giving its employees the opportunity to spend a work day volunteering
with local service organizations. Employees from Forest City's residential property,
American Village will spend their time during the company's Community Day
- Friday, September 16, 2005 - doing minor repairs at the home of a low-income
... |
| | | | 09/11/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Pittsburgh Employees Participate at Rebuilding Together Pittsburgh | Pittsburgh, PA - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations. Forest City employees from Station Square Mall and the Mall at Robinson will spend their time during the company's Community Day - Friday, September 16, 2005 - renovating the home of a disabled homeowner through Rebuilding To... |
| | | | 09/11/05 | Forest City Enterprises Holds its 2nd Annual, Company-Wide, Volunteer Event in 37 Locations Across the U.S.
Victoria Gardens Employees Participate at James L. Brulte Senior Center| Rancho Cucamonga, CA - After an extremely successful event its first year, Forest City Enterprises, a real estate development company headquartered in Cleveland, Ohio, is again giving its employees the opportunity to spend a work day volunteering with local service organizations. Employees from Victoria Gardens will spend their time during the company's Community Day - Friday, September 16, 2005 - volunteering at the James L. Brulte Senior Center at Central Park, 11200 Base Line Road, Rancho Cuc... |
| | | | 09/07/05 | Forest City Enterprises Reminder of Semi-Annual Earnings Conference Call Friday, September 9, 2005, 10:00 A.M. ET| CLEVELAND--(BUSINESS WIRE)--Sept. 7, 2005--Forest City Enterprises
(NYSE:FCEA)(NYSE:FCEB)
TO: Interested analysts, brokers, and investors
FROM: Forest City Enterprises
RE: Forest City Enterprises' Semi-Annual Conference Call
Forest City Enterprises released its fiscal second quarter and
year-to-date financial results today, Wednesday, September 7, 2005 and
will hold a conference call on Friday, September 9, 2005 to discuss
these results. You are invite... |
| | | | 09/07/05 | Forest City Reports Second-Quarter and Year-to-Date Financial Results| CLEVELAND--(BUSINESS WIRE)--Sept. 7, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced revenues, net
earnings and EBDT for the second quarter and six months ended July 31,
2005. All per-share figures are adjusted for the Company's two-for-one
stock split effective July 11, 2005.
Consolidated revenues reached record highs for the second quarter
and first six months of fiscal 2005. Consolidated revenues for the
first half increased 23.0 percent to $620.3 mil... |
| | | | 08/31/05 | Forest City Enterprises Notice of Semi-Annual Earnings Conference Call Friday, September 9, 2005, 10:00 A.M. ET| CLEVELAND--(BUSINESS WIRE)--Aug. 31, 2005--Forest City Enterprises
(NYSE:FCEA)(NYSE:FCEB)
TO: Interested analysts, brokers, and investors
FROM: Forest City Enterprises
RE: Forest City Enterprises' Semi-Annual Conference Call
Forest City Enterprises will release its fiscal second quarter and
year-to-date financial results on Wednesday, September 7, 2005 and
will hold a conference call on Friday, September 9, 2005 to discuss
these results. You are invited to dia... |
| | | | 07/21/05 | Senior Executives at Forest City Sell Shares; Cancel Rule 10b5-1 Stock Trading Plans| CLEVELAND--(BUSINESS WIRE)--July 21, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) has been advised that seven
of the Company's senior executives, all members of the Ratner and
Miller families, have cancelled their recently adopted plans under
Rule 10b5-1 promulgated under the Securities Exchange Act of 1934,
which provided for the predetermined sales of a portion of their
shares and/or shares held in trust for other family members. The
Company announced these plans on Ju... |
| | | | 07/15/05 | Senior Executives at Forest City Adopt Rule 10b5-1 Stock Trading Plans| CLEVELAND--(BUSINESS WIRE)--July 15, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) has been advised that seven
of the Company's senior executives, all members of the Ratner and
Miller families, have adopted plans under Rule 10b5-1 promulgated
under the Securities Exchange Act of 1934 to provide for the
predetermined sales of a portion of their shares and/or shares held in
trust for other family members.
The Company's Co-Chairmen Albert Ratner and Sam Miller; President... |
| | | | 07/14/05 | Bass Pro Shops 'Tops Off' New Building | Construction Crew Places Final Truss in Roof Structure
DENVER (July 13, 2005) -- City officials, Forest City Enterprises, Inc. and Bass Pro Shops representatives held a ‘topping off' ceremony today as construction workers placed the final truss in the roof structure of the new Bass Pro Shops Outdoor World in Denver, Colorado. The 180,000-square-foot super outdoor store will anchor NorthField at Stapleton, a 1.2-million-square-foot lifestyle, entertainment, and retail center in Denver. Th... |
| | | | 06/21/05 | Forest City Splits Stock 2-for-1 and Increases Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--June 21, 2005--Charles A. Ratner,
President and Chief Executive Officer of Forest City Enterprises, Inc.
(NYSE:FCEA)(NYSE:FCEB) announced today that the Board of Directors has
approved a two-for-one stock split to be effected as a stock dividend
and also declared a 20 percent increase in the Company's quarterly
cash dividend.
Holders of Forest City's Class A and Class B Common Stock will
receive one additional share of Common Stock for every one share h... |
| | | | 06/08/05 | Forest City Reports Fiscal 2005 First-Quarter Results| CLEVELAND--(BUSINESS WIRE)--June 8, 2005--Forest City Enterprises,
Inc. (NYSE:FCEA) (NYSE:FCEB) today announced increases in revenues,
net earnings and EBDT for the fiscal first quarter ended April 30,
2005. The second-quarter dividend is expected to be declared at the
quarterly Board meeting on June 21, 2005.
The Company reported first-quarter consolidated revenues increased
29 percent to $309.3 million compared with $239.9 million a year
earlier. Fiscal first-quarter net earning... |
| | | | 05/13/05 | Forest City Announces Milestones at Four Open-Air Regional Lifestyle Center Developments Totaling 3.2 Million Square Feet| CLEVELAND--(BUSINESS WIRE)--May 13, 2005--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced milestones at four
open-air regional lifestyle center projects, totaling 3.2 million
square feet that are currently being developed. The Company's
increased focus on regional lifestyle centers across the country is in
response to the retail industry's trend toward open-air formats.
In Southern California, 20 additional tenants recently signed
leases for the new 600,000-sq... |
| | | | 05/02/05 | Forest City Acquires Ballston Common Office Center in Arlington, Virginia| CLEVELAND--(BUSINESS WIRE)--May 2, 2005--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the acquisition of
Ballston Common Office Center in Arlington, Virginia. The
176,000-square-foot building sits above the Company's existing
Ballston Common Mall, a four-level, 578,000-square-foot urban retail
center.
The office center is 99 percent leased to three existing tenants -
the U.S. Coast Guard (the largest tenant), Better Business Bureau, and
Global Knowledge. T... |
| | | | 04/13/05 | Navy Selects Forest City Military Communities for Military Family Housing in Midwest| CLEVELAND--(BUSINESS WIRE)--April 13, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced that its
Forest City Military Communities, LLC subsidiary has been selected to
participate in exclusive negotiations for a significant public-private
partnership in the U.S. Navy's Midwest Region. The privatization
initiative will make available, high-quality, energy-efficient,
well-managed housing to military families assigned to Naval Station
Great Lakes Illinois (NAVSTA... |
| | | | 03/31/05 | Forest City Enterprises Reminder of Semi-Annual Earnings Conference Call Tuesday, April 5, 2005, 11:00 A.M. ET|
CLEVELAND--(BUSINESS WIRE)--March 31, 2005--
TO: Interested analysts, brokers, and investors
FROM: Forest City Enterprises
RE: Forest City Enterprises' Semi-Annual Earnings Conference
Forest City Enterprises (NYSE:FCEA)(NYSE:FCEB) announced its
fiscal year-end results today March 31, 2005, and will be conducting a
conference call, Tuesday, April 5, 2005 at 11:00 A.M. ET.
You are invited to dial into the conference call with Charles A.
Ratner, Pre... |
| | | | 03/31/05 | Forest City Reports Increases in Net Earnings, Revenues and EBDT for Fiscal 2004| CLEVELAND--(BUSINESS WIRE)--March 31, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced increases in
net earnings, revenues and EBDT for the fiscal year ended January 31,
2005.
Net earnings for fiscal year 2004 were $85.2 million, or $1.67 per
share, compared with $42.7 million, or $0.84 per share, for the prior
year. Consolidated revenues for the year were $1.0 billion, a 22.8
percent increase over last year's $848.1 million. For the year, EBDT
(Earning... |
| | | | 03/28/05 | Forest City Enterprises Notice of Semi-Annual Earnings Conference Call Tuesday, April 5, 2005, 11:00 A.M. ET|
CLEVELAND--(BUSINESS WIRE)--March 28, 2005--
TO: Interested analysts, brokers, and investors
FROM: Forest City Enterprises
RE: Forest City Enterprises' Semi-Annual Conference Call
Forest City Enterprises (NYSE:FCEA)(NYSE:FCEB) will release its
fiscal year-end financial results on March 31, 2005 and will hold a
conference call on Tuesday, April 5, 2005 at 11:00 A.M. ET to discuss
these results.
You are invited to dial into a conference call with C... |
| | | | 03/24/05 | Forest City Declares Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--March 24, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced today that the
Board of Directors declared a quarterly cash dividend of $0.10 per
share (annual rate of $0.40 per share) on the outstanding shares of
both Class A and Class B Common Stock, payable on June 15, 2005, to
shareholders of record at the close of business on June 1, 2005.
Corporate Description
Forest City Enterprises, Inc. is a $7.3 billion NYSE-listed real
est... |
| | | | 03/18/05 | Forest City Purchases High-Technology Business Campus Near Chicago| CLEVELAND--(BUSINESS WIRE)--March 18, 2005--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the Company has purchased and will redevelop a 28-acre technology and research park in Skokie, Illinois, to be called the Illinois Technology Innovation Campus.
Forest City is planning to redevelop the site, acquired from Pfizer
Inc., into a high-technology research and office park. The project, which is to be developed over the next five to 10 years, will be geared towar... |
| | | | 03/02/05 | Forest City Announces Sale of Showcase Specialty Retail Center in Las Vegas| CLEVELAND--(BUSINESS WIRE)--March 2, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) and Makena Development
announced the sale of the Showcase specialty retail center as well as
the ground lease and expansion rights to Showcase located in Las
Vegas. The total sales price was $162 million. Forest City's share is
expected to generate total cash proceeds of approximately $26 million
and a total pretax gain of approximately $19 million. The development
parcel may generate addit... |
| | | | 01/20/05 | Forest City to Issue $150 Million in Senior Notes| CLEVELAND--(BUSINESS WIRE)--Jan. 20, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that it
intends to offer $150 million of Senior Notes in a public offering.
The Company expects to use the net proceeds from the offering to
repay recourse debt outstanding under the Company's $450 million
credit facility and for general corporate and working capital
purposes.
This press release shall not constitute an offer to sell or the
solicitation of an offer t... |
| | | | 01/20/05 | Forest City Completes $150 Million in Senior Notes| CLEVELAND--(BUSINESS WIRE)--Jan. 20, 2005--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that it has
agreed to sell $150 million of 6.50% Senior Notes due 2017 in a public
offering, which is expected to close January 25, 2005.
The Company expects to use the net proceeds from the offering to
repay recourse debt outstanding under the Company's $450 million
credit facility and for general corporate and working capital
purposes.
The underwriter of this offe... |
| | | | 12/21/04 | Forest City Selected to Develop $500 Million New East Baltimore Community| CLEVELAND--(BUSINESS WIRE)--Dec. 21, 2004--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that Forest
City and a team of local developers have been chosen to develop the
first phase of an 80-acre mixed-use community adjacent to the Johns
Hopkins University medical campus in East Baltimore, Md. The 30-acre
first phase of the project is a 10-year, $500 million redevelopment
effort.
The Forest City team plans to develop the first phase with up to
1.1 million sq... |
| | | | 12/09/04 | Forest City Declares Special Dividend| CLEVELAND--(BUSINESS WIRE)--Dec. 9, 2004--Forest City Enterprises,
Inc. (NYSE:FCEA) (NYSE:FCEB) announced today that its Board of
Directors has declared a special cash dividend.
The special one-time dividend of $0.20 per share is in recognition
of Forest City Enterprises' sale of an entire strategic business unit,
Forest City Trading Group, Inc., a lumber wholesaler. The special
dividend enables shareholders to benefit directly from the incremental
liquidity realized from the sale... |
| | | | 12/09/04 | Forest City Declares Regular Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--Dec. 9, 2004--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) announced today that the Board of
Directors declared a quarterly cash dividend of $0.10 per share
(annual rate of $0.40 per share) on the outstanding shares of both
Class A and Class B Common Stock, payable on March 15, 2005, to
shareholders of record at the close of business on March 1, 2005.
Corporate Description
Forest City Enterprises, Inc. is a $7.2 billion NYSE-listed real
est... |
| | | | 12/09/04 | Forest City Reports Increases in Net Earnings, Revenues and EBDT for Fiscal 2004 Third Quarter and Year-to-Date| CLEVELAND--(BUSINESS WIRE)--Dec. 9, 2004--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced increases in net earnings,
revenues and EBDT for the third quarter and nine months ended October
31, 2004.
Net earnings for the fiscal 2004 third quarter were $37.3 million,
or $0.73 per share, compared with $26.0 million, or $0.51 per share,
in 2003. Third-quarter consolidated revenues increased 8.5 percent to
$256.1 million compared with $236.0 million in the prior year... |
| | | | 12/03/04 | Forest City Announces Disposition of Five Apartment Communities| CLEVELAND--(BUSINESS WIRE)--Dec. 3, 2004--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the disposition of five
apartment communities, with 1,125 total units. The five dispositions
represent a total after-tax gain of approximately $9 million and
generated cash proceeds of approximately $25 million. The properties
were disposed of at a blended capitalization rate of 6.5 percent.
Four of the properties - all in Virginia - were sold to Berkshire
Property Adviso... |
| | | | 11/12/04 | Forest City Announces Sale of Forest City Trading Group, Inc.| CLEVELAND--(BUSINESS WIRE)--Nov. 12, 2004--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the sale of
Forest City Trading Group, Inc. ("Trading Group"), a lumber wholesaler
based in Portland, Oregon, to the employees of Trading Group.
Of the approximate $40 million selling price, $35 million was paid
in cash at closing. Pursuant to the terms of the Purchase Agreement,
the remaining purchase price will be paid over the next five years by
the buyer. The buyer a... |
| | | | 11/03/04 | Forest City Opens Victoria Gardens Regional Lifestyle Center in Southern California| CLEVELAND--(BUSINESS WIRE)--Nov. 3, 2004--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the grand opening of
Victoria Gardens, its $185 million open-air lifestyle center in
Southern California's Inland Empire region.
Located on a 147-acre site east of Los Angeles, Victoria Gardens
is designed as a pedestrian-friendly new downtown for Rancho Cucamonga
and a premier destination for people throughout the Inland Empire, one
of the fastest-growing regions in the ... |
| | | | 10/01/04 | Forest City Boston's University Park at MIT named Finalist for Urban Land Institute's 2004 Awards of Excellence| CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 1, 2004--Forest City
Enterprises, Inc., a national real estate developer, today announced
that University Park at MIT, the company's 2.3-million-square-foot,
mixed-use biotech park has been named a finalist for the Urban Land
Institute's (ULI) 2004 Awards of Excellence. The winners will be
announced at an awards gala held by ULI on Thursday, November 4, 2004
in New York City.
"We are honored to be considered for this prestigious award that
... |
| | | | 09/30/04 | Forest City Disposes of Regency Towers Apartment Community in Jackson, New Jersey| CLEVELAND--(BUSINESS WIRE)--Sept. 30, 2004--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the
disposition of its Regency Towers apartment community in Jackson, New
Jersey.
Acquired by Forest City in 1994, Regency Towers is a 372-unit
garden apartment community. The $36 million transaction was structured
as a tax-deferred exchange. It will result in an after-tax gain of
approximately $15 million.
Charles A. Ratner, president and chief executive officer o... |
| | | | 09/13/04 | Forest City Enterprises Reminder of Semi-Annual Earnings Conference Call Tuesday, September 14, 2004, 10:00 A.M. ET|
CLEVELAND--(BUSINESS WIRE)--Sept. 13, 2004--
TO: Interested analysts, brokers, and investors
FROM: Forest City Enterprises
RE: Forest City Enterprises' Semi-Annual Earnings Conference
Forest City Enterprises announced its second quarter financial
results Thursday, September 9, 2004, and will be conducting a
conference call, Tuesday, September 14, 2004 at 10:00 A.M. ET.
You are invited to dial into the conference call with Charles A.
Ratner, President and... |
| | | | 09/09/04 | Forest City Reports Second-Quarter and Year-to-Date Financial Results| CLEVELAND--(BUSINESS WIRE)--Sept. 9, 2004--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced increases in
net earnings, revenues and EBDT for the second quarter and six months
ended July 31, 2004.
Net earnings for the 2004 second quarter were $34.8 million, or
$0.68 per share, compared with $6.6 million, or $0.13 per share, in
2003. A primary reason for the increase was Forest City's disposition
of two regional shopping malls and a specialty retail center (all
... |
| | | | 09/09/04 | School, Canal Area, Receive Clean Up From Forest City Enterprises' Employees| HONOLULU, Sept. 9 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend a work day cleaning up the
drainage canals at Halawa Valley and painting and landscaping at Aliamanu
Elementary School. The Honolulu-based employees are joining nearly 1,000
Forest City associates across the United States in the company's first
nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they... |
| | | | 09/09/04 | Transitional Housing Center Receives Clean-up by Forest City Enterprises' Employees| SAN FRANCISCO, Sept. 9 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend a work day painting
transitional housing units and playing with resident children at a local
agency. The San Francisco-based employees are joining nearly 1,000 Forest
City associates across the United States in the company's first nationwide
volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, l... |
| | | | 09/09/04 | Greater Philadelphia Food Bank Gets a Helping Hand From Forest City Enterprises' Employees| PHILADELPHIA, Sept. 9 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend a work day serving up community
service at the Greater Philadelphia Food Bank. The Philadelphia-based
employees are joining nearly 1,000 Forest City associates across the United
States in the company's first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helping hand to ... |
| | | | 09/08/04 | Forest City Declares Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--Sept. 8, 2004--Forest City
Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) announced today that the
Board of Directors declared a quarterly cash dividend of $0.10 per
share (annual rate of $0.40 per share) on the outstanding shares of
both Class A and Class B Common Stock, payable on December 15, 2004,
to shareholders of record at the close of business on December 1,
2004.
Corporate Description
Forest City Enterprises, Inc. is a $7.2 billion NYSE-listed ... |
| | | | 09/08/04 | 400 Local Forest City Employees Roll Up Sleeves to Help Local Organizations| CLEVELAND, Sept. 8 /PRNewswire-FirstCall/ -- More than 400 Cleveland
employees of Forest City Enterprises (NYSE: FCEA) (NYSE: FCEB) will spend a
work day helping five local service organizations. The Cleveland-based
employees are joining nearly 1,000 Forest City associates across the United
States in the company's first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helping hand to local ... |
| | | | 09/08/04 | Rainer Valley American Red Cross Aided by Forest City Enterprises' Employees| SEATTLE, Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend a work day helping the
volunteers of the Rainer Valley American Red Cross office distribute
information about translation services. The Bellevue-based employees are
joining nearly 1,000 Forest City associates across the United States in the
company's first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the commu... |
| | | | 09/08/04 | Children's Discovery Museum Gets Spruced Up by Forest City Enterprises' Employees| SAN JOSE, Calif., Sept. 8 /PRNewswire-FirstCall/ -- Forest City
Enterprises' (NYSE: FCEA) (NYSE: FCEB) employees will spend a work day tidying
up the Children's Discovery Museum rose garden. The San Jose-based employees
are joining nearly 1,000 Forest City associates across the United States in
the company's first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helping hand to local non-pr... |
| | | | 09/08/04 | Virginia Home for Boys Receives Clean Up From Forest City Enterprises' Employees| RICHMOND, Va., Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend a work day cleaning and
repairing the facilities of the Virginia Home for Boys. The Richmond-based
employees are joining nearly 1,000 Forest City associates across the United
States in the company's first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helping hand to lo... |
| | | | 09/08/04 | Sherwood Conservatory of Music Receives Clean-Up From Forest City Enterprises' Employees| CHICAGO, Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees, along with employees of Fogelson
Properties, Inc., will spend a work day painting and cleaning up the Sherwood
Conservatory of Music. The Chicago-based employees are joining more than
1,000 Forest City associates across the United States in the company's first
nationwide volunteer day. Forest City and Fogelson Properties, Inc. are joint
venture partners in the Central Station Deve... |
| | | | 09/08/04 | Trinity Elementary School to be Primed for Academic Year by Forest City Enterprises' Employees| LOS ANGELES, Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend a work day priming and painting
Trinity Elementary School near downtown Los Angeles. The Los Angeles-based
employees are joining nearly 1,000 Forest City associates across the United
States in the company's first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helping hand... |
| | | | 09/08/04 | Panther Hollow Receives Clean-Up From Forest City Enterprises' Employees| PITTSBURGH, Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend a work day cleaning up Panther
Hollow, a section of the Riverfront trail in Pittsburgh. The Pittsburgh-based
employees are joining nearly 1,000 Forest City associates across the United
States in the company's first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helping han... |
| | | | 09/08/04 | Focus: HOPE, YWCA, Salvation Army Receive Helping Hand From Forest City Enterprises' Employees| DETROIT, Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend a work day helping Focus: HOPE
by boxing food for the elderly, the YWCA of Redford by painting and cleaning
up the site and the Salvation Army in Warren by cleaning and serving lunches.
The Livonia, Michigan-based employees are joining nearly 1,000 Forest City
associates across the United States in the company's first nationwide
volunteer day.
On September 10, 2004, F... |
| | | | 09/08/04 | Carson Beach in South Boston Receives Clean-Up from Forest City Enterprises' Employees| BOSTON, Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend a work day cleaning up Carson
Beach in South Boston. The Boston-based employees are joining nearly 1,000
Forest City associates across the United States participating in the company's
first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helping hand to local non-profit
groups ... |
| | | | 09/08/04 | Brava Theater Academy Receives Clean-Up From Forest City Enterprises' Employees| SAN FRANCISCO, Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend a work day painting and
cleaning up the Brava Theater Academy. The San Francisco-based employees are
joining nearly 1,000 Forest City associates across the United States in the
company's first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helping hand to local non-prof... |
| | | | 09/08/04 | Denver Children's Home Receives New Look from Forest City Enterprises' Employees| DENVER, Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend their work day renovating parts
of the Denver Children's Home (DCH). The Denver-based employees are joining
nearly 1,000 Forest City associates across the United States in the company's
first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helping hand to local non-profit
grou... |
| | | | 09/08/04 | Meals on Wheels Gets a Lift From Forest City Enterprises' Employees| ATLANTA, Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA; FCEB) employees will spend a work day delivering meals to
residents in Lithonia, Georgia. The Atlanta-based employees, who represent
The Mall at Stonecrest, are joining more than 1,000 fellow Forest City
associates across the United States in the company's first nationwide
volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a... |
| | | | 09/08/04 | D.C. Public Library Southwest Branch Receives Clean-Up from Forest City Enterprises' Employees| WASHINGTON, Sept. 8 /PRNewswire-FirstCall/ -- Forest City Enterprises'
(NYSE: FCEA) (NYSE: FCEB) employees will spend a work day landscaping and
cleaning up the Southwest Branch of the D.C. Public Library. The Washington
D.C.-based employees are joining nearly 1,000 Forest City associates across
the United States in the company's first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helpin... |
| | | | 09/08/04 | Habitat For Humanity Receives Help From Charleston Town Center Mall Employees| CHARLESTON, W.Va., Sept. 8 /PRNewswire-FirstCall/ -- Charleston Town
Center Mall employees will spend a work day working on a Habitat for Humanity
home for a family in the Charleston area. The employees are joining nearly
1,000 associates across the United States in the first nationwide volunteer
day sponsored by parent company Forest City Enterprises (NYSE: FCEA)
(NYSE: FCEB).
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve,... |
| | | | 09/08/04 | Boys and Girls Club of Henderson Receives Help From Forest City Enterprises' Employees| HENDERSON, Nev., Sept. 8 /PRNewswire-FirstCall/ -- Forest City
Enterprises' (NYSE: FCEA) (NYSE: FCEB) employees will spend a work day
volunteering at the Boys and Girls Club of Henderson. The Nevada-based
employees are joining nearly 1,000 Forest City associates across the United
States in the company's first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helping hand to local non-profit
... |
| | | | 09/08/04 | American Village Employees to Cook Meals, Sort Donations at Wayside Mission| LOUISVILLE, Ky., Sept. 8 /PRNewswire-FirstCall/ -- American Village
employees will spend a work day helping the Wayside Mission in its service to
the homeless. The Louisville-based employees are joining nearly 1,000
associates across the United States in the first nationwide volunteer day
sponsored by parent company Forest City Enterprises (NYSE: FCEA) (NYSE: FCEB).
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a he... |
| | | | 09/08/04 | Red Cross Spruced up by Forest City Enterprises' Employees| RANCHO CUCAMONGA, Calif., Sept. 8 /PRNewswire-FirstCall/ -- Forest City
Enterprises' (NYSE: FCEA) (NYSE: FCEB) employees will spend a work day
painting the American Red Cross's Claremont Chapter office. The Victoria
Gardens' employees are joining nearly 1,000 Forest City associates across the
United States in the company's first nationwide volunteer day.
On September 10, 2004, Forest City associates in 22 cities will volunteer
in the communities they serve, lending a helping hand ... |
| | | | 09/03/04 | Forest City Enterprises Notice of Semi-Annual Earnings Conference Call Tuesday, September 14, 2004, 10:00 A.M. ET|
CLEVELAND--(BUSINESS WIRE)--Sept. 3, 2004--
TO: Interested analysts, brokers, and investors
FROM: Forest City Enterprises
RE: Forest City Enterprises' Semi-Annual Conference Call
Forest City Enterprises will release its second quarter financial
results on Friday, September 10, 2004 and will hold a conference call
on Tuesday, September 14, 2004 at 10:00 A.M. ET to discuss these
results.
You are invited to dial into a conference call with Charles A.
Ratne... |
| | | | 07/02/04 | Forest City Receives $320 Million Construction Loan for 52-Story New York Times Headquarters Building| CLEVELAND--(BUSINESS WIRE)--July 2, 2004--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the closing of $320
million in construction financing to build the new New York Times
Headquarters building in New York City's Times Square. The transaction
is the single-largest project loan in the Company's history.
Financing for construction of the approximately
1.5-million-square-foot, 52-story office building is being provided by
GMAC Commercial Mortgage Corporation.... |
| | | | 06/08/04 | Forest City Reports Fiscal 2004 First-Quarter Results| CLEVELAND--(BUSINESS WIRE)--June 8, 2004--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB)
-- Net earnings of $7.2 million, or $0.14 per share
-- Revenues of $288.6 million, up 25.1 percent
-- EBDT increases 5.9 percent to $1.08 per share
Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today
announced net earnings, revenues and EBDT for the fiscal first quarter
ended April 30, 2004.
The Company reported net earnings of $7.2 million, or $0.14 pe... |
| | | | 06/08/04 | Forest City Increases Quarterly Dividend| CLEVELAND--(BUSINESS WIRE)--June 8, 2004--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) announced today that the Board of
Directors declared a quarterly cash dividend of $0.10 per share
(annual rate of $0.40 per share) on the outstanding shares of both
Class A and Class B Common Stock, payable on September 15, 2004, to
shareholders of record at the close of business on September 1, 2004.
The change in the dividend represents an 11 percent increase from
the previous quarter'... |
| | | | 06/02/04 | Forest City Announces Sale of Manhattan Town Center in Kansas| CLEVELAND--(BUSINESS WIRE)--June 2, 2004--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the Company has sold its
interest in Manhattan Town Center in Manhattan, Kansas, to MTC
Development Group, Inc. The transaction is effective immediately.
Charles A. Ratner, president and chief executive officer of Forest
City Enterprises, said, "The sale of Manhattan Town Center is our
second retail-property divestiture in two weeks. Such decisions enable
us to maximize t... |
| | | | 05/21/04 | Forest City Announces Sale of Chapel Hill Mall in Akron, Ohio| CLEVELAND--(BUSINESS WIRE)--May 21, 2004--Forest City Enterprises,
Inc. (NYSE:FCEA)(NYSE:FCEB) today announced the Company has sold its
membership interest in the owner of Chapel Hill Mall and Chapel Hill
Suburban community center both located in Akron, Ohio, to CBL &
Associates Properties, Inc. The transaction is effective immediately.
Charles A. Ratner, president and chief executive officer of Forest
City Enterprises, said, "This transaction is consistent with our core
market st... |
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