2009 News Releases |
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| Date | Title | | | 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.
(Logo: http://www.newscom... |
| | | 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.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080515/FRSTCTYLOGO )
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 | 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... |
| | | 06/08/09 | 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... |
| | | 06/03/09 | 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 | 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... |
| | | 03/30/09 | 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... |
| | | 03/23/09 | 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... |
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