2012 News Releases |
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| Date | Title | | | 12/21/12 | Forest City completes recapitalization of New York by Gehry at Eight Spruce Street luxury residential tower| - Transaction values 76-story, 898-unit high rise at $1.05 billion
- TIAA-CREF becomes 49 percent equity owner
CLEVELAND, Dec. 21, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced the completion of a recapitalization of New York by Gehry at Eight Spruce Street, the company's Frank Gehry-designed, luxury residential tower in Lower Manhattan.
The transaction values the 76-story, 898-unit high rise at $1.05 billion. TIAA-CREF, a national financi... |
|  | | 12/21/12 | Forest City, Arizona State Retirement System launch $400 million fund for multifamily development|
CLEVELAND, Dec. 21, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) and the Arizona State Retirement System (ASRS) today announced the creation of a strategic capital partnership and a $400 million equity fund that will invest in multifamily development projects primarily in five core markets: New York City, Washington, D.C., Boston, Los Angeles, and San Francisco.
Funding for the venture will be 75 percent from ASRS and 25 percent from Forest City. ... |
| | | 12/20/12 | Forest City Announces Share Repurchase Program|
CLEVELAND, Dec. 20, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that its Board of Directors has approved a new $100 million common share repurchase program to replace its prior program. The shares, including both the company's Class A and Class B common shares, may be repurchased, in light of prevailing market and economic conditions, to take advantage of investment opportunities at times when the Board and company management believe the ... |
| | | 12/13/12 | Forest City Announces Exchange of $75.7 million of Convertible Preferred Stock for Common Stock|
CLEVELAND, Dec. 13, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that it has entered into separate, privately negotiated exchange agreements whereby it will exchange approximately $75.7 million in aggregate amount of liquidation preference, or approximately 1.5 million shares of its outstanding Series A Cumulative Perpetual Convertible Preferred Stock, for approximately 5.0 million shares of its Class A common stock, plus a total cash p... |
| | | 12/06/12 | REMINDER: Forest City Enterprises Fiscal 2012 Third-Quarter Earnings Conference Call|
CLEVELAND, Dec. 6, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) has released its third-quarter 2012 financial results and will hold a conference call on Friday, December 7, 2012 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, or to listen to a live webcast of the call through www.forestcity.net.
The conference call is scheduled for 11:00 a.m. ET, Fr... |
| | | 12/06/12 | Forest City Reports Fiscal 2012 Third-Quarter and Year-to-Date Results| FFO up for the quarter; Operating FFO up for quarter and nine months
Continued strong performance in multifamily
Barclays Center arena is major opening in the quarter
New independent director named; board now majority independent
Company reports additional progress on land dispositions
CLEVELAND, Dec. 6, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced FFO, Operating FFO, net earnings/loss and revenues for the year to date and the third quar... |
| | | 12/05/12 | Kenneth J. Bacon joins Forest City Board of Directors|
CLEVELAND, Dec. 5, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that Kenneth J. Bacon, co-founder of RailField Partners and presiding director of the board for Comcast Corporation, has accepted an appointment to Forest City's board of directors, effective immediately. Bacon, 58, will stand for re-election at the company's next annual meeting of shareholders.
Bacon becomes the board's seventh independent director, achieving the compa... |
| | | 11/30/12 | Forest City Enterprises Notice of Third-Quarter 2012 Earnings and Conference Call|
CLEVELAND, Nov. 30, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its third-quarter 2012 financial results on Thursday, December 6, 2012, after the NYSE close, and will hold a conference call with investors on Friday, December 7, 2012 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 11:00 A.M. ET, Fr... |
| | | 10/24/12 | Forest City announces New York Islanders will relocate to Barclays Center| First NHL Team to Play Home Games in Brooklyn
CLEVELAND, Ohio and BROOKLYN, New York, Oct. 24, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that the New York Islanders have signed a 25-year lease agreement to relocate to the company's Barclays Center arena in Brooklyn. The relocation, which is subject to approval by the National Hockey League Board of Governors, is expected to commence with the 2015-16 season.
(Logo: http://photos.prnewswire.com... |
| | | 10/17/12 | Forest City to webcast Investor Day event from Barclays Center, Brooklyn|
CLEVELAND, Oct. 17, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that the company will webcast its upcoming Investor Day event at Barclays Center arena in Brooklyn beginning at 3:00 p.m. Eastern time, Monday, October 22, 2012.
The event will be hosted by David J. LaRue, Forest City president and chief executive officer, and will include presentations by LaRue and Robert G. O'Brien, executive vice president and chief financial officer.&nb... |
| | | 10/16/12 | Forest City Announces Exchange of $133.7 million of Convertible Preferred Stock for Common Stock|
CLEVELAND, Oct. 16, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that it has entered into separate, privately negotiated exchange agreements whereby it will exchange approximately $133.7 million in aggregate amount of liquidation preference, or approximately 2.7 million shares of its outstanding Series A Cumulative Perpetual Convertible Preferred Stock, for approximately 8.8 million shares of its Class A common stock, plus a total cash payment of ap... |
| | | 10/11/12 | Forest City's Stapleton among nation's top-ten master-planned communities|
CLEVELAND, Oct. 11, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that its Stapleton mixed-use community in Denver has been rated as the ninth best selling master-planned community in the nation by Metrostudy, a national real estate rating service. Stapleton moved up six spots in the 2012 ranking, having ranked 15th in 2011. The current ranking covers the period from July 2011 through June 2012.
"This ranking confirms what our Den... |
| | | 09/26/12 | Forest City to participate in 2012 NAREIT REITWorld Conference|
CLEVELAND, Sept. 26, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that President and Chief Executive Officer David J. LaRue and Executive Vice President and Chief Financial Officer Robert G. O'Brien are scheduled to participate in the upcoming 2012 NAREIT REITWorld Conference, November 13-15, in San Diego, California.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
REITWorld is an annual event that provides opportunities for r... |
| | | 09/21/12 | Forest City celebrates Barclays Center ribbon cutting in Brooklyn|
CLEVELAND and BROOKLYN, N.Y., Sept. 21, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today officially marked the completion of Barclays Center, its state-of-the-art arena in downtown Brooklyn and the anchor element of the overall Atlantic Yards development. At the ribbon cutting, senior executives from the company were joined by New York City Mayor Michael Bloomberg, Brooklyn Borough President Marty Markowitz, Brooklyn Nets owner Mikhail Prokhorov, Brooklyn Nets CE... |
| | | 09/04/12 | REMINDER: Forest City Enterprises Fiscal 2012 Second-Quarter Earnings Conference Call|
CLEVELAND, Sept. 4, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) has released its second-quarter 2012 financial results and will hold a conference call on Wednesday, September 5, 2012 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, or to listen to a live webcast of the call through http://www.forestcity.net/.
The conference call is schedule... |
| | | 09/04/12 | Forest City Reports Fiscal 2012 Second-Quarter and Year-to-Date Results| Portfolio shows continued strength: comparable NOI, occupancy up in all core products
"Operating FFO" introduced to spotlight recurring contribution from portfolio
Significant progress on land disposition strategy, additional impairment incurred
Asset sales contribute to greater focus on core markets, products
New multifamily starts in Boston, Washington D.C.
CLEVELAND, Ohio, Sept. 4, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced FFO... |
| | | 08/29/12 | Forest City Enterprises Notice of Second-Quarter 2012 Earnings and Conference Call|
CLEVELAND, Aug. 29, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its second-quarter 2012 financial results on Tuesday, September 4, 2012, after the NYSE close, and will hold a conference call with investors on Wednesday, September 5, 2012 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 11:00 A.M... |
| | | 07/18/12 | Forest City Announces Partial Redemption of 7.625 Percent Senior Notes Due 2015|
CLEVELAND, July 18, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that it has provided notice to the indenture trustee, The Bank of New York Mellon Trust Company, N.A., of Forest City's intention to redeem an aggregate principal amount of $125 million of its 7.625 percent Senior Notes due 2015 (the "Notes") outstanding on August 20, 2012 (the "Redemption Date"), pursuant to the terms of the Notes. The redemption price will be 100 percent of the princ... |
| | | 07/09/12 | EVENT TODAY: Forest City and quasar energy group bring renewable energy to former brownfield site through anaerobic digestion system|
What:
Forest City and quasar energy group are turning a once-vacant brownfield site into a source of local, renewable energy with the launch of the Collinwood BioEnergy Anaerobic Digestion System.
Located at the former General Motors Fisher Body Plant in Collinwood, these two local companies have partnered to build a 1.3 Megawatt waste-to-energy system that recycles organic waste residuals from local businesses and produces electricity that will be sold to Cleveland... |
| | | 07/03/12 | Forest City closes offering of $125 Million of Senior Notes|
CLEVELAND, July 3, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced the closing of its offering of $125 million aggregate principal amount of 7.375 percent Senior Notes Due 2034 (NYSE: FCY) (the "Notes"). Forest City has also granted the underwriters a 30-day option to purchase up to an additional $18.75 million principal amount of the Notes to cover overallotments.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
The Notes were offered ... |
| | | 07/02/12 | Forest City and quasar energy group bring renewable energy to former brownfield site through anaerobic digestion system|
What:
Forest City and quasar energy group are turning a once-vacant brownfield site into a source of local, renewable energy with the launch of the Collinwood BioEnergy Anaerobic Digestion System.
Located at the former General Motors Fisher Body Plant in Collinwood, these two local companies have partnered to build a 1.3 Megawatt waste-to-energy system that recycles organic waste residuals from local businesses and produces electricity that will be sold to Cleveland Public Power.
... |
| | | 06/28/12 | Forest City announces pricing of $125 Million of Senior Notes|
CLEVELAND, June 28, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced pricing of its offering of $125 million aggregate principal amount of 7.375 percent Senior Notes Due 2034 (NYSE: FCY) (the "Notes"). The offering price of the Notes will be $24.1078, including accrued interest from May 1, 2012. Forest City has also granted the underwriters a 30-day option to purchase up to an additional $18.75 million principal amount of the Notes to cover overal... |
| | | 06/27/12 | Forest City to Offer Senior Notes|
CLEVELAND, June 27, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. today announced its intention to offer, subject to market and other conditions, 7.375 percent Senior Notes Due 2034 (NYSE: FCY) (the "Notes").
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
The Notes are being offered as additional notes under an indenture pursuant to which the company issued $100 million aggregate principal amount of 7.375 percent Senior Notes Due 2034 on February 10, 2004... |
| | | 06/12/12 | Forest City to Webcast 2012 Annual Meeting of Shareholders|
CLEVELAND, June 12, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that the Company will webcast its 2012 annual meeting of shareholders beginning at 2:00 p.m. eastern time on Wednesday, June 13, 2012. 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 meetings and presentations will be broadcast live over the internet through... |
| | | 06/11/12 | Forest City Announces Major Office Tenant for Pittsburgh's Station Square|
CLEVELAND, June 11, 2012 /PRNewswire/ -- Forest City Commercial Management, Inc. today announced a major tenant signing in one of the company's Pittsburgh-area office properties.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
invivodata, inc. has signed a lease for approximately 28,000 square feet of space in the Commerce Court building located at Station Square, a mixed-use, historic redevelopment area along Pittsburgh's riverfront. invivodata is a fast-paced and inno... |
| | | 06/08/12 | REMINDER: Forest City Enterprises Fiscal 2012 First-Quarter Earnings Conference Call|
CLEVELAND, June 8, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) has released its first-quarter 2012 financial results and will hold a conference call today, Friday, June 8, 2012 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, or to listen to a live webcast of the call through www.forestcity.net.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRS... |
| | | 06/07/12 | Forest City Reports Fiscal 2012 First-Quarter Results| Results reflect strong operating fundamentals in all property types
Company initiates reporting of FFO (funds from operations)
CLEVELAND, June 7, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced FFO, EBDT, net earnings and revenues for the first quarter ended April 30, 2012.FFO
As previously announced, Forest City is initiating reporting of FFO (funds from operations) and FFO per share, non-GAAP measures commonly used by publicly traded real estate in... |
| | | 06/01/12 | Forest City Enterprises Notice of First-Quarter 2012 Earnings and Conference Call|
CLEVELAND, June 1, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its first-quarter 2012 financial results on Thursday, June 7, 2012, after the NYSE close, and will hold a conference call with investors on Friday, June 8, 2012 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.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )... |
| | | 05/24/12 | Forest City Builds Communities From Within Through National Day of Service| 1,200+ associates nationwide participate in ninth annual Forest City Community Day
CLEVELAND, May 24, 2012 /PRNewswire/ -- Today, more than 1,200 Forest City associates nationwide will trade in their computers and office supplies for work gloves, paint brushes and shovels during the company's ninth Annual Community Day.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
Community Day is a day of service that brings together Forest City associates from ac... |
| | | 05/14/12 | Forest City confirms exploring potential recapitalization of 8 Spruce Street apartment tower|
CLEVELAND, May 14, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today confirmed that Forest City and National Real Estate Advisors (NREA), partners in the ownership of 8 Spruce Street in Lower Manhattan, have retained CBRE to explore the possibility of bringing a minority partner into the ownership of this iconic Frank Gehry-designed, 899-unit apartment tower.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
Both Forest City and NREA remain ful... |
| | | 04/19/12 | Project Style 2012 Begins Nationwide Search for Next Chic Stylist| Forest City shopping centers team up with Jeannie Mai and Nick
Verreos to identify fashion trendsetters
CLEVELAND, Apr 19, 2012 (BUSINESS WIRE) --Fifteen Forest City shopping centers around the country are seeking
entries for this year's Project Style contest, an award-winning fashion
competition that allows participants to show off their unique style and
have a chance to win thousands of dollars' worth of prizes, including a
trip to Mercedes-Be... |
| | | 03/30/12 | REMINDER: Forest City Enterprises Fiscal 2011 Fourth-Quarter and Full Year Earnings Conference Call|
CLEVELAND, March 30, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) has released its fourth-quarter and full year 2011 financial results and will hold a conference call today, Friday, March 30, 2012 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, or to listen to a live webcast of the call through www.forestcity.net.
(Logo: http://photos.prnewswire.com... |
| | | 03/29/12 | Forest City Reports Fiscal 2011 Fourth-Quarter and Full-Year Results| -- Record full-year total EBDT of $334.4 million
-- Solid 2011 operating results: comparable NOI, occupancies, leasing spreads
-- Reduced total debt by $1.4 billion, at full consolidation, during 2011
CLEVELAND, Ohio, March 29, 2012 /PRNewswire/ -- 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, 2012.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
EBDT
E... |
| | | 03/26/12 | Forest City Enterprises Notice of Fourth-Quarter and Full-Year 2011 Earnings and Conference Call|
CLEVELAND, March 26, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its fourth-quarter and full-year 2011 financial results on Thursday, March 29, 2012, after the NYSE close, and will hold a conference call with investors on Friday, March 30, 2012 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.
(Logo: http://photos.prnewswire.com/prnh/2... |
| | | 03/09/12 | Forest City to Present at Citi 2012 Global Property CEO Conference|
CLEVELAND, March 9, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that President and Chief Executive Officer David J. LaRue and Executive Vice President and Chief Financial Officer Bob O'Brien will participate in a roundtable presentation at the Citi 2012 Global Property CEO Conference in Palm Beach, Florida.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
The company's roundtable presentation is scheduled for Wednesday, March... |
| | | 03/05/12 | Forest City, Public Officials Celebrate Dedication of New Las Vegas City Hall|
CLEVELAND, March 5, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today celebrated the dedication of the newly completed Las Vegas City Hall. Company officials joined Las Vegas Mayor Carolyn G. Goodman, City Manager Betsy Fretwell, members of City Council and other civic leaders for an evening dedication ceremony that showcased the building's iconic architecture and computer-controlled LED lighting.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYL... |
| | | 03/01/12 | Forest City Announces Sale of Quebec Square Retail Center in Denver|
CLEVELAND, March 1, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced the closing of the sale of Quebec Square, a retail "power" center in Denver, to Quebec Square, CMH, LLC. The sale price of $34.25 million generated net proceeds of approximately $8 million, representing an effective cap rate of 6.4 percent based on 2011 net operating income.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
"We're pleased to complete this sale," ... |
| | | 02/24/12 | Forest City Receives Final Payment in Cleveland Casino Land and Air Rights Sale|
CLEVELAND, Feb. 24, 2012 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that it has received the final cash installment payment of $34 million related to its previously announced $85 million land and air rights sale to Rock Ohio Caesars Cleveland LLC, for development of a casino in downtown Cleveland. The company expects to recognize a gain on the sale of the land and air rights of approximately $36.4 million, which will be reflected in EBDT results for th... |
| | | 02/02/12 | Forest City Enterprises Notice of Investor Conference Call| CLEVELAND, Feb. 2, 2012 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will hold a conference call with investors on Friday, February 3, 2012 at 10:00 a.m. ET, to discuss a series of announcements the company made today after the New York Stock Exchange close. Investors are invited to dial into the conference call hosted by David J. LaRue, president and chief executive officer.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
The conference c... |
| | | 02/02/12 | Forest City Announces Governance Actions|
- Reducing the size of the board from current 15 authorized seats to 13
- Goal: majority independent director nominees at 2012 Annual Meeting
CLEVELAND, Feb. 2, 2012 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that its board of directors has determined to reduce the size of the board from the current 15 authorized seats to 13, effective with the company's annual meeting of shareholders in June 2012.
(Logo: http://photos.prnewswire.com/p... |
| | | 02/02/12 | Forest City Announces Strategic Actions and Enhanced Disclosure|
- Strategically repositioning portions of the land business
- Schedule of net asset value (NAV) components to be part of Supplemental Packages
CLEVELAND, Feb. 2, 2012 /PRNewswire via COMTEX/ --Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced actions that further position the company to launch its new, four-year strategic plan, and further enhance the company's disclosure to investors.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
"As we implement... |
| | | 01/30/12 | Forest City Closes $300 Million in Property-level Financings|
CLEVELAND, Jan. 30, 2012 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced more than $300 million in property-level financings completed in the quarter ending January 31, 2012.
"These completed loans illustrate two important opportunities in the current lending environment that benefit Forest City," said David J. LaRue, president and chief executive officer. "First, we're able to lock-in attractive, long-term rates that reduce interest expense a... |
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