2016 News Releases
|02/05/16||Forest City Realty Trust Notice of Fourth-Quarter and Year-end 2015 Earnings and Conference Call|
|CLEVELAND, Feb. 5, 2016 /PRNewswire/ -- Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) will release its fourth-quarter and year-end 2015 financial results on Tuesday, February 23, 2016, after the NYSE close, and will hold a conference call with investors on Wednesday, February 24, 2016 at 11:00 a.m. ET, to discuss these results. Investors are invited to dial into the conference call hosted by David J. LaRue, president and chief executive officer.
The conference call is scheduled for... || |
|02/02/16||Forest City, QIC enter joint venture for Westchester's Ridge Hill|
|CLEVELAND, Feb. 2, 2016 /PRNewswire/ -- Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) today announced the creation of a previously disclosed joint venture with QIC, one of the largest institutional investment managers in Australia, under which QIC acquired 51 percent equity ownership of Westchester's Ridge Hill, a 1.3 million-square-foot regional mall developed by Forest City in Yonkers, New York. Forest City retained 49 percent equity ownership and expects to receive total proceeds fro... || |
|02/01/16||Forest City closes sale of equity interest in Barclays Center, Brooklyn Nets to Onexim Sports and Entertainment|
|CLEVELAND, Feb. 1, 2016 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that its subsidiary, Nets Sports and Entertainment, LLC (NS&E), has completed the previously announced sale of its equity interests in both the Barclays Center arena and the Brooklyn Nets basketball team to Onexim Sports and Entertainment Holding USA, Inc. (Onexim). As previously disclosed, the transaction values the team at approximately $875 million and the arena at $825 million, in... || |
|01/19/16||Forest City reaches agreement for sale of federally assisted housing portfolio|
|CLEVELAND, Jan. 19, 2016 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that it has executed a master purchase and sale agreement with Jonathan Rose Companies under which Rose will acquire Forest City's equity interest in a portfolio of 47 federally assisted housing apartment communities in nine states and the District of Columbia. The gross transaction price is $80 million with anticipated net cash proceeds to Forest City of approximately $65 million after ... || |
|01/14/16||Forest City completes sale of Brooklyn development site for $158 million|
|CLEVELAND, Jan. 14, 2016 /PRNewswire/ -- Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that it has closed the sale of 625 Fulton Street, an unencumbered development site in Brooklyn, New York, to The Rabsky Group. The sale price was $158 million, of which $100 million was paid at closing with the balance due in 90 days.
"With the brisk pace of our other development activity in our New York core market, including Pacific Park Brooklyn and the Bridge at Cornell Tec... || |
|01/04/16||Forest City completes conversion to REIT status|
|CLEVELAND, Ohio – January 4, 2016 – On behalf of Forest City Enterprises, Inc., Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) today announced the completion of the merger of FCE Merger Sub, Inc., an Ohio corporation, with and into Forest City Enterprises, Inc., with Forest City Enterprises, Inc. surviving as a wholly-owned subsidiary of Forest City Realty Trust, Inc. The merger marks the final step in the company’s planned conversion to real estate investment trust (REIT) status for the t... || |
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