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| Date | Title | | | 05/16/13 | Forest City and AIG form strategic equity partnership for "3700M" apartment project in Dallas| CLEVELAND, May 16, 2013 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that it has closed a strategic capital partnership with AIG Global Real Estate for the development of 3700M, a 381-unit apartment project in the West Village neighborhood of Dallas. Forest City and AIG will share ownership and fund the equity requirements for the project, which began construction in December 2012 and is expected to be completed in the third quarter of 2014.
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| | | 04/18/13 | Forest City Acquires Partner's Share of Pittsburgh Regional Mall; Sells Its Interest in Adjacent Specialty Center to Partner| CLEVELAND, April 18, 2013 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that it has completed a transaction with its partner in two Pittsburgh-area retail centers in which it acquired 100 percent interest in the Mall at Robinson, a regional enclosed mall, and sold its interest in the Plaza at Robinson Town Center, an adjacent specialty/strip center. Prior to the transaction, Forest City had approximately 72 percent interest in the mall and 50 percent intere... |
|  | | 04/17/13 | Forest City Announces Leadership Transition at New York Subsidiary| MaryAnne Gilmartin Succeeds Bruce Ratner as President & CEO of Forest City Ratner Companies; Ratner to Serve as Executive Chairman
CLEVELAND, April 17, 2013 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that MaryAnne Gilmartin, executive vice president of commercial and residential development, will succeed Bruce Ratner as president and chief executive officer of the company's Brooklyn-based subsidiary, Forest City Ratner Companies (FCRC). ... |
|  | | 04/16/13 | Forest City Announces Exchanges of $138.9 Million of Puttable Equity-Linked Senior Notes for Common Stock| CLEVELAND, April 16, 2013 /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 $138.9 million aggregate principal amount of its 3.625% Puttable Equity-Linked Senior Notes due 2014 ("the Notes") for approximately 9,549,721 shares of its Class A common stock, plus a total cash payment of approximately $4.9 million for additional exchange considerati... |
|  | | 03/27/13 | REMINDER: Forest City Enterprises Fiscal 2012 Fourth-Quarter and Full Year Earnings Conference Call| CLEVELAND, March 27, 2013 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) has released its fourth-quarter and full year 2012 financial results and will hold a conference call tomorrow, Thursday, March 28, 2013 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 schedu... |
|  | | 03/27/13 | Forest City Reports Fiscal 2012 Fourth-Quarter and Full-Year Results| Full-year FFO, Operating FFO up over prior year
Solid progress on strategies: core markets/products, sustainable capital, operational excellence
Core portfolio, particularly multifamily, showed strength throughout 2012
New project starts focus on robust demand in multifamily
Completed sale of substantially all land held for divestiture
CLEVELAND, March 27, 2013 /PRNewswire/ -- Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced FFO (funds from operations), Operatin... |
|  | | 03/25/13 | Forest City completes disposition of Detroit apartment community| Sale generates $15 million in cash proceeds
CLEVELAND, March 25, 2013 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that it has closed the sale of Millender Center, a 339-unit apartment community in Detroit, Michigan, to RCA VG, LLC. The gross selling price reflected a cap rate of 4.3 percent based on the property's 2012 net operating income, and the transaction generated net cash proceeds to Forest City of approximately $15 million.
"As we ... |
|  | | 03/21/13 | Forest City Enterprises Notice of Fourth-Quarter and Full-Year 2012 Earnings and Conference Call| CLEVELAND, March 21, 2013 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its fourth-quarter and full-year 2012 financial results on Wednesday, March 27, 2013, after the NYSE close, and will hold a conference call with investors on Thursday, March 28, 2013 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 ... |
|  | | 03/04/13 | Forest City to present at Citi 2013 Global Property CEO Conference|
CLEVELAND, March 4, 2013 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that David J. LaRue, president and chief executive officer, will participate in a roundtable presentation to the investment community at the Citi 2013 Global Property CEO Conference on Tuesday, March 5, 2013, at 2:55 p.m., Eastern Standard Time. Investors are invited to listen to the presentation live via teleconference at 646-490-2858, passcode 8936848119. No replay w... |
|  | | 02/26/13 | Forest City Announces Redemptions of Preferred Stock and 7.625 Percent Senior Notes Due 2015|
CLEVELAND, Feb. 26, 2013 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that it has provided notices of its intention to redeem all outstanding shares of its Series A Cumulative Perpetual Convertible Preferred Stock (the "Preferred Stock"), and all outstanding 7.625 percent Senior Notes due 2015 (the "Notes").
Approximately 209,877 shares of Preferred Stock, or $10.5 million aggregate liquidation preference, are currently outstanding, and approximate... |
|  | | 02/25/13 | Forest City closes new $465 million revolving credit facility| Three-year facility features more favorable pricing, greater flexibility
CLEVELAND, Feb. 25, 2013 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that it has closed a new, $465 million credit facility with a 14-member bank group. The three-year facility, with an additional one-year extension option, allows for additional banks to join the group, up to a maximum line of $500 million.
"This new credit facility is another step in positioning Fores... |
|  | | 01/31/13 | Statement concerning media reports of leadership succession at Forest City Ratner Companies|
CLEVELAND, Jan. 31, 2013 /PRNewswire/ -- In response to recent media reports concerning leadership succession at Forest City Ratner Companies (FCRC), parent company Forest City Enterprises, Inc. (NYSE: FCEA and FCEB), issued the following statement:
At this time, the company has no definitive announcement to make concerning potential leadership succession at FCRC. The company emphasizes that any such announcement and change in leadership, when appropriate, would be the result of ongoing su... |
|  | | 01/03/13 | Forest City Completes Two Asset Dispositions in Non-Core Markets| Sales generate $73.3 million in total net cash proceeds
CLEVELAND, Jan. 3, 2013 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that it recently completed the disposition of two assets in non-core markets.
In Florida, the company closed the sale of Emerald Palms, a 505-unit apartment community in the Kendall/South Dade submarket in southwest Miami, to Grand Peaks Properties for approximately $70.5 million, reflecting a cap rate of approximately 5.0 perc... |
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