Retailer merges 2 stores in SoCal Jul 25, 2008
Gottschalks will sell the store to Cleveland-based developer Forest City Enterprises, which owns the mall. The sale will leave Gottschalks with 57 stores in six Western states, including eight in the central San Joaquin Valley. (Fresno Bee)
Von Maur plans Joliet store, won't open in New Lenox Jul 25, 2008
1 million-square-foot mall proposed by Cleveland-based Forest City Enterprises Inc. Because of the slowdown in the retail and housing markets, the malls opening was already pushed back a year to 2011. You May Also Like. (Crain's Chicago Business)
Starbucks to close 18 area stores: See if yours is on the list Jul 18, 2008
There are four Starbucks here, says Jerry Ferstman, vice-president at Cleveland-based Forest City Enterprises Inc. How thirsty can people be. . (Crain's Chicago Business)
Spending study shows need for reform, government critics say Jul 15, 2008
The findings underscore the need to control the "wasteful growth" of spending in Cuyahoga County, said Sam Miller, co-chairman of Forest City Enterprises Inc.. "We've been talking about fixing our government, making it more efficient, for far too long," said Miller, whose foundation helped pay for the study. (Cleveland.com)
Revoke Barden slots license, senators urge Jul 15, 2008
Mr. Barden defeated two other applicants, Isle of Capri and Forest City Enterprises, when he won the slots license in December 2006. An Isle of Capri spokesman couldn't be reached yesterday; Forest City had no comment when asked if the company would even be interested in submitting a new bid. (Pittsburgh Post-Gazette, PA)
Forest City Enterprises Announces Recent Financings Jul 1, 2008
Forest City Enterprises, Inc. Logo. (PRNewsFoto/Forest City Enterprises, Inc.) CLEVELAND, OH UNITED STATES ... CLEVELAND, June 30 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: ) (NYSE: ) 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. (PR Newswire)
Forest City Statement on United States Supreme Court Decision Not to Hear Eminent Domain Case Jun 24, 2008
Forest City Enterprises, Inc. Logo. (PRNewsFoto/Forest City Enterprises, Inc.) CLEVELAND, OH UNITED STATES ... 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: 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. (PR Newswire)
Builder lands Navy contract Jun 23, 2008
The Memphis builder is contracted to work at the Naval Support Activity Mid-South by Forest City Military Communities LLC, the military housing arm of Cleveland-based real estate developer Forest City Enterprises LLC.. Chamberlain & McCreery's job is part of a $38 million housing improvement project on the base, which will include new construction, demolition and renovation of a total of 401 housing units, says Susan Moore, a spokesman for Forest City Military Communities. (Memphis Business Journal, TN)
Oil ETF Spikes on Dollar, Higher Unemployment Jun 9, 2008
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Forest City: Revenues jump, loss widens Jun 8, 2008
Forest City Enterprises' revenue jumps, loss widens in first quarter- cleveland ... Forest City Enterprises' revenue jumps, loss widens in first quarter ... A dropped property deal and continued losses on the New Jersey Nets basketball team dragged down Forest City Enterprises during the first quarter. (Cleveland.com)
Only rats, pigeons like developer's Fresno efforts Jun 8, 2008
He picked up the properties for a song -- and only after the city announced that it had given Forest City Enterprises exclusive rights to redevelop 85 acres south of the downtown baseball stadium. Cohen believes in Fresno, all right. (Fresno Bee -- Local)
Forest City Reports Fiscal 2008 First-Quarter Results Jun 6, 2008
Forest City Enterprises, Inc. Logo. (PRNewsFoto/Forest City Enterprises, Inc.) CLEVELAND, OH UNITED STATES ... CLEVELAND, June 5 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: and FCEB) today announced EBDT, net earnings and revenues for the fiscal first quarter ended April 30, 2008. (PR Newswire)
Mega-malls stalled Jun 1, 2008
Collectively, the two projects, one by Forest City Enterprises Inc. and the other by Zaremba Group LLC, both of Cleveland, are forecast to generate as much as $6 million a year in sales tax revenue for the village, New Lenox Mayor Tim Baldermann says. The village currently takes in $4 million in annual sales tax revenue, the single biggest source for its $15-million budget. (Crain's Chicago Business)
Key downtown Fresno project in works Jun 1, 2008
But Forest City Enterprises' South Stadium project still is waiting to turn its first shovelful of dirt, and billionaire developer Donald Trump's effort to buy the bankrupt Running Horse golf and residential project in southwest Fresno fizzled. Autry says the focus now is on "getting the stuff in the ground" -- build something of substance, and watch it spark progress. (Fresno Bee -- Local)
Rendell supports casino financing May 31, 2008
Harrah's had teamed with Forest City Enterprises, the Station Square owner, to bid for the Pittsburgh slots license, but ended up losing out to Mr. Barden and his company, PITG Gaming LLC.. However, the involvement of Apollo in Mr. Barden's financing has fueled speculation that Harrah's could have some role in the Pittsburgh casino. (Pittsburgh Post-Gazette, PA)
L&R Group of Companies Continues Aggressive Expansion, Acquiring Network Parking May 31, 2008
LOS ANGELES and CLEVELAND, May 30, 2008 (PRIME NEWSWIRE) -- The L&R Group of Companies (``L&R''), headquartered in Los Angeles, California, announced today that it has completed the acquisition of Network Parking Company (``Network'') from F.C. Parking, Inc., an affiliate of Forest City Enterprises, Inc., headquartered in Cleveland, Ohio. This acquisition integrates Network into one of the nation's largest parking organizations, bringing together five parking companies under one roof, Five Star... (Primezone Releases)
Harrah's purchaser giving loan to Barden May 21, 2008
One analyst said yesterday Apollo's role in the financing conceivably could bring Harrah's back in the picture as part of the city's casino, nearly 18 months after it and Forest City Enterprises lost out to Mr. Barden and his company, PITG Gaming ... Harrah's was in line to operate a Station Square casino for Forest City Enterprises as part of that bid for the Pittsburgh license. (Pittsburgh Post-Gazette, PA)
Preservationists fight Silver Spring housing project May 20, 2008
A portion of the original block of apartments was demolished in 1992 by Cleveland-based Forest City Enterprises Inc., which built a high rise, the 406-unit Lenox Park Apartments, on the site. At that point, though, Falkland wasn't under consideration for historic preservation. (Washington Business Journal, DC)
Valley Public TV sponsors Fresno mayoral debate May 13, 2008
He is a proponent of the Forest City Enterprises project to redevelop 85 downtown acres with housing and shops. Human rights are a major concern for Realtor Ignacio Garibay as he criticized police for "putting people in jail for no [driver's] license."Henry Monreal, a 32-year veteran of the Fresno Police Department, made neighborhoods and good jobs his focal point. (Fresno Bee -- Local)
Tower progress May 10, 2008
Inside, total restoration and modernization of the tower's 21 elevators should be finished this summer, according to Stephen Bir, general manager of the tower, which houses the corporate offices of its owner, Forest City Enterprises. Replacement of 2,050 windows - many of which had to be custom-made on the site - also should be finished by that time, Bir said. (Cleveland.com)
Hopefuls give downtown visions Apr 14, 2008
The Forest City Enterprises project to redevelop 85 downtown acres with housing and shops "will bring needed housing and is exciting, but it is not the sole savior of downtown Fresno," Eben said. "We have the local talent and will to revitalize downtown with loft projects and other high-density housing opportunities that will provide an urban living experience that is desirable and affordable."City Council Member Jerry Duncan said downtown Fresno already is becoming a great success story. (Fresno Bee -- Local)
Maltz exhibit is tribute to Israel’s past, present, future Apr 11, 2008
Forest City Enterprises co-chairman Sam Miller recalls how, as a fundraiser for the United Jewish Appeal, he approached any likely or unlikely potential philanthropist including the Jewish mafia and the Italian mafia for support for Israel. Other speakers include Etta Burger, who recounts how she and other young people celebrated Israel s Proclamation of Independence with toasts of schnapps. (Cleveland Jewish News, OH)
Upscale complex planned near Homer Glen Apr 3, 2008
And two massive developments are planned just south in New Lenox by Zaremba Group LLC and development giant Forest City Enterprises Inc., both of Cleveland. One reason were bringing the project to market now is we dont want to wait for Forest City and Zaremba to be up, Mr. Locascio says. (Crain's Chicago Business)
Fresno to seek $60m in state aid Apr 2, 2008
A fourth project is Forest City Enterprises' South Stadium redevelopment project, which would transform 85 acres of downtown Fresno for residential and commercial uses. Forest City says it needs as much as $100 million in public financing to make the $232 million project work. (Fresno Bee -- Local)
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Chronicle site considered for development Mar 28, 2008
Hearst Corp., owner of The Chronicle, has signed an agreement with Forest City Enterprises Inc. to explore development possibilities for the newspaper's headquarters and adjacent parcels. "I don't feel that it will have any immediate impact on the facility or employees," said Frank Vega, publisher of The Chronicle. (San Francisco Chronicle -- Business)
Convention center needs a large hotel to prosper Mar 28, 2008
Although Cleveland developer Forest City Enterprises was selected in 2003 to build a 500-room hotel adjacent to the convention center, the project has been stymied for the last five years because of funding shortfalls. The $104 million hotel would combine with the existing 625-room Westin Convention Center hotel to give local tourism officials a bank of 1,125 rooms attached to the convention center. (Pittsburgh Post-Gazette, PA)
Stapleton will get another office building Mar 20, 2008
Located on the site of the former Stapleton International Airport, the Stapleton mixed-use project is being developed by Forest City Enterprises Inc. (NYSE: FCE A/B) of Cleveland. At 4,700 acres, Stapleton includes residential and commercial development. (Denver Business Journal, CO)
New Communications Forum Announces Impressive Speaker Line Up Mar 19, 2008
In addition, dozens of other illustrious speakers and instructors will include leading journalists, media and communications experts and social media pioneers: Jason Alba, JibberJobber; Darren Barefoot, Capulet Communications; Doug Bardwell, Forest City Enterprises; John Bell, Ogilvy Public Relations Worldwide; Richard Binhammer, Dell; Leonard Brody, NowPublic; Raven Brooks, Netroots Nation; Jeff Catlin, Lexalytics; Christian Castle, Esq. Geno Church, Brains on Fire; Gina Cooper, Netroots... (Yahoo! Wire -- Entertainment News)
Buffett named world's richest; Helu is second Mar 7, 2008
Forest City Enterprises Inc., a Cleveland-based developer, is considering how Ann Arbor's Pfizer Inc. campus could fit into its portfolio, Business Review has confirmed. (Photo by Robert Ramey). (Kalamazoo Gazette, MI)
Nanotech struggles to grow up in the Chicago area Mar 6, 2008
Locatedin Skokie, Forest City Enterprises Inc.s Illinois Science + Technology Park is attracting new nanotech startups. Michael Rosen, senior vice president of business development for Forest City, said Chicago is a leader in nanotechnology in the U.S. and nanotech plays a very significant role in his company. (Medill Reports, IL)
Candidates: Respect downtown Mar 1, 2008
The nationally renowned developer, Forest City Enterprises, has its sights set on adding homes, stores and a park just south of the stadium and have begun the environmental study for this exciting, master-planned development. And if you haven't been downtown lately, you may not know that Kern Street is being turned into a sports-themed corridor leading to Chukchansi Park. (Fresno Bee -- Opinion)
Magna Entertainment Corp. announces results for the fourth quarter and year ended December 31, 2007 Mar 1, 2008
The Company also intends to explore selling its membership interests in the mixed-use developments at Gulfstream Park in Florida and Santa Anita Park in California that the Company is pursuing under joint venture arrangements with Forest City Enterprises, Inc. ("Forest City") and Caruso Affiliated, respectively. The Company also intends to sell Great Lakes Downs in Michigan; Thistledown in Ohio; and its interest in Portland Meadows in Oregon. (Yahoo! Wire -- Entertainment News)
Pasco mall to begin second phase Feb 27, 2008
Forest City Enterprises (NYSE: FCEA and FCEB) financed the loan with RBS Citizens NA as the lead lender and Wachovia Bank and National City Bank, according to a company statement released Feb. 25. JCPenney is already open at the 800,000-square-foot mall near the intersection of Bruce B. Downs Boulevard and State Road 56 in east Pasco County. (Tampa Bay Business Journal, FL)
Stapleton home construction, sales top list Feb 23, 2008
The former airport site is being redeveloped by Forest City Enterprises Inc. and eventually will have more than 12,000 homes and apartments. MetroStudy said an average of 34. (Denver Business Journal, CO)
City leaders query developers on Konterra impact Feb 15, 2008
Caleb Gould, whose family owns the Konterra land and is developing the property along with Cleveland-based Forest City Enterprises, assured Moe that the plans they have submitted to Prince George's County planners include road improvements in Laurel's city limits ... "We want to have a safe community, certainly," Tom Archer, a vice president for Forest City Enterprises, said. (Laurel Leader, MD)
Keeping the city on hold Feb 11, 2008
That's because the building lies within the six-block area the Fresno Redevelopment Agency intends to buy and lease to Forest City Enterprises, a massive Cleveland-based development company. The project is among 40 properties in the area that face an uncertain future. (Fresno Bee -- Local)
Station Square getting new tenants Feb 1, 2008
Alcatel-Lucent, a global communications solutions and servicing company, will move this year from other Pittsburgh area locations into 36,953 square feet of space in Commerce Court, the seven-story office building Station Square owner Forest City Enterprises acquired last February. Also, as announced last month, CardWorks, which services credit, debit and prefunded cards and other such products, will move from Smithfield Street, Downtown, into 57,511 square feet in Commerce Court. (Pittsburgh Post-Gazette, PA)
Commission sold on mall changes Jan 17, 2008
The road improvements are expected to cost about 2 million and will be paid for by the mall's parent company, Cleveland-based Forest City Enterprises Inc.. Kenneth Lee, Forest City's vice president for West Coast developments, said the road improvements are slated to begin in April and are due to be completed in September. (North County Times)
Lennar New Homes in September Fetch 60% Less in November as Slump Deepens Jan 11, 2008
The buyers were Cleveland-based Forest City Enterprises Inc. and closely held Covington Capital Corp. The price wasn't disclosed. We're very aggressive right now because the homebuilders are in survival mode,'' said Ken Sheer, chief executive officer of Santa Monica, California-based Covington. (Bloomberg)
Faces of Business 2007: Kofi Bonner, Lennar Corp. vice president Jan 1, 2008
Most inspirational person: Albert Ratner, co-chairman of Forest City Enterprises Inc.. Last place traveled: Accra, Ghana, in May. (San Francisco Chronicle -- Business)
Magazine likes Stapleton neighborhood Dec 20, 2007
The lead developer on the massive, multiyear project is Forest City Enterprises Inc. of Cleveland, Ohio, encompasses 4,700 acres of reclaimed land. Natural Home also noted that six tons of runway concrete was recycled for bike paths and bridges in the development, and all houses there are Energy Star certified. (Denver Business Journal, CO)
NRA will return to city in 2011 Dec 20, 2007
Pittsburgh and Allegheny County, meanwhile, continue to negotiate with Cleveland's Forest City Enterprises over the size of the 400- to 500-room convention hotel, which has been in the drafting stages for six years. The NRA's return is a nice catch for VisitPittsburgh, which has been working on an encore convention "since the day they left" in 2004, Mr. McGrath said. (Pittsburgh Post-Gazette, PA)
Fresno's eminent domain hot issue Dec 9, 2007
City officials said they may need to condemn land in a six-block area downtown targeted for redevelopment by Cleveland-based developer Forest City Enterprises. The reasons cited by council opponents of eminent domain reflect a growing unease nationwide about government seizing land for private economic development. (Fresno Bee)
Convention center hotel getting costlier, smaller too Dec 3, 2007
The authority is expected to meet with Cleveland developer Forest City Enterprises early next year to discuss possible alternatives in scaling back the size of the hotel. Ms. Conturo said she did not know at this point just how many rooms could be eliminated but added the authority's objective is to keep it as close to 500 as possible. (Pittsburgh Post-Gazette, PA)
South Side shopping area rethinks its image Nov 27, 2007
But recent times have not been so good, as Station Square owner Forest City Enterprises has shifted the emphasis away from retail in favor of entertainment and eating. "There's no business here," said Shawn Gantz, the manager of the Station Square store. (Pittsburgh Post-Gazette, PA)
Developer details The Promenade's expansion Nov 15, 2007
Those chains include the Yard House, a brewery and restaurant; Williams-Sonoma, a cookware store; Pottery Barn, a purveyor of home decorations; and Chico's, a clothing store, representatives of Ohio-based Forest City Enterprises said. The row of shops and eateries, which total 126,000 square feet, will extend eastward on the east side of the mall, between Macy's department store and the Edwards movie theater. (North County Times)
Stay or go?: proposed Federation relocation debated Oct 26, 2007
Jackson has had preliminary conversations about the move with Albert Ratner, co-chairman of the board of Forest City Enterprises, Inc. Ratner declined comment for this story. Any time Cleveland loses an organization that does such good work, it s a loss for the city, Jackson says, according to his press secretary. (Cleveland Jewish News, OH)
Forest City's New Prez Oct 22, 2007
Forest City Ratner is a wholly owned subsidiary of Forest City Enterprises, which owns 32 properties in the metro area. . (New York Post -- Business)
Fresno council member enters mayoral race Sep 27, 2007
Duncan's downtown plan includes strong support of a proposal by Cleveland-based developer Forest City Enterprises to build homes and stores just south of Chukchansi Park. Forest City hopes to finish the initial six-block stage in four years. (Fresno Bee -- Local)
Business owners don't want to budge Sep 23, 2007
Baskin's is in the middle of a six-block area that the Fresno Redevelopment Agency has targeted for homes, stores and fountains promised by Cleveland-based developer Forest City Enterprises. The redevelopment agency -- which plans to buy the land and lease it to Forest City -- has the power of eminent domain and can acquire the property from landowners whether they want to sell or not. (Fresno Bee -- Local)
Urban rescuer Sep 23, 2007
Can Forest City Enterprises deliver for downtown Fresno. With billions of dollars in assets and a record of urban revitalization projects around the country, the Cleveland-based development company has earned a reputation for success. (Fresno Bee -- Local)
Design Chosen For Tallest Skyscraper On West Coast Sep 21, 2007
Friday, September 21, 2007, 4:29 am. Go to NBC 7/39, MiSD Travel Expo Sept 29-30. (NBCSandiego.com, CA)
Board picks design for what could be West's tallest building Sep 21, 2007
The other finalists were the developer-designer team of Forest City Enterprises and architect Richard Rogers, and a team composed of Skidmore Owings and Merrill architects and Rockefeller Development Group. Government officials hope to begin demolishing the city's existing bus terminal next year and to have its replacement built by 2014. (Fresno Bee -- State)
Former grocery stores purchased Sep 20, 2007
Forest City Commercial is part of Cleveland-based Forest City Enterprises Inc. (NYSE: FCEA, FCEB), which is redeveloping Denver's old Stapleton International Airport for residential and commercial use. Hampton Retail partner Debbie Tamlin of Fort Collins will manage and lease the Albertsons store spaces. (Denver Business Journal, CO)
San Francisco Stretches Empire State to 1,375 Feet in Plan for Two Towers Sep 20, 2007
The entrants are Richard Rogers, a winner of the Pritzker Prize, architecture's top award, with Forest City Enterprises Inc. of Cleveland; Cesar Pelli, who designed the twin Petronas Towers in Kuala Lumpur, the world's second-tallest occupied buildings, with Hines of Houston; and Skidmore Owings & Merrill LLP, the firm designing New York's 1,776-foot Freedom Tower, with Rockefeller Development Group Inc. of New York. White Obelisk. (Bloomberg -- US)
Stocks to Watch Sep 11, 2007
Forest City Enterprises Inc.'s () second-quarter net income rose to $67. 8 million, or 63 cents a share, from $7. (Fox News)
Speaker: Labor shortage will hurt economy Sep 7, 2007
"It's a true paradigm-changing event," Mark Lautman, director of economic development for Forest City Enterprises, Mesa del Sol, Albuquerque, N.M., said Thursday. He was addressing a Wyoming Economic Development Association conference at the Holiday Inn on the River in Casper. (Casper Star-Tribune, WY)
Forest City plan OK'd Aug 30, 2007
The council unanimously approved a proposal from Forest City Enterprises that includes the promise of 2,000 new downtown residents but lacks key financial details about how the developer will pay for a new neighborhood. After the council's vote, Mayor Alan Autry said he's still skeptical of a developer that after two years of talk has yet to build anything in the area. (Fresno Bee -- Local)
Place: Calling a new Transbay tower an icon doesn't make it one Aug 29, 2007
The worst offender is the team whose proposal I like the best: England's Rogers Stirk Harbour + Partners, working with the local firm SMWM and developers Forest City Enterprises and MacFarlane Partners. The project is described as "a strong and iconic portal," "an iconic gateway" and - wait for it - "an iconic expression of San Francisco's position as the center of gravity for new technologies, creativity, multi-cultural initiatives and knowledge leadership.". (San Francisco Chronicle)
Old growth problems continue to haunt Old Town Temecula Aug 21, 2007
Bob Gibbs, who has worked as a retail consultant for Walt Disney Co. and Forest City Enterprises, which owns The Promenade mall, spoke to the audience about how an improved design plan could improve the retail district of Old Town. He called Temecula a "rarity" as it embodies a charm that attracts tourists. (North County Times)
Downtown dreams no longer frozen Aug 15, 2007
Another project -- Forest City Enterprises -- proposes hundreds of houses in a mixed-use remake of the area south of Chukchansi Park. Jeff Linton, a Forest City spokesman, said Tuesday, "We are still very much in active discussions and are down to the point of detailing various aspects of the proposal."Even if the Forest City proposal is realized, Assemi said he doesn't anticipate an oversupply of homes. (Fresno Bee -- Business)
District financing lays foundation for Henson Ridge Aug 15, 2007
Across the river in Ward 6, Mid-City Urban is working with Forest City Enterprises on a $397 million mixed-use project near the Washington Navy Yard. The project totals almost 2 million square feet, including 600,000 square feet of office space, 18,000 square feet of community space, 75,000 square feet of retail space and 1,150 residential units. (Washington Business Journal, DC)
Rebirth of the terminal Aug 13, 2007
Rogers Stirk Harbour + Partners design for Forest City Enterprises and MacFarlane Partners. What soars. (San Francisco Chronicle)
Two giants team up to develop a mega destination on U.S. 380 Aug 11, 2007
General Growth Properties, Inc. and Forest City Enterprises, Inc. have formed a partnership to develop a master plan for approximately 400 acres at the Dallas North Tollway and U.S. Highway 380 ... Under the master plan, Forest City Enterprises and General Growth Properties will develop a regional open-air commercial and residential center around a waterfront town square park. (McKinney Courier-Gazette, TX)
