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October 26, 2006

Forest City in the News

ForestCity-Sign.jpgThe Detriot News, Developers aim to get Detroit on its feet
Al Ratner will be participating in the the 20th annual University of Michigan/Urban Land Institute Real Estate Forum at Cobo Center in Detroit.

NoLandGrab: It's ironic that the forum will discuss creating pedestrian-friendly infrastructure in Detriot, while meanwhile, back in Brooklyn, Forest City's plans to create surface parking has transportation advocates scratching their heads.

Editor & Publisher, Times Co. Looking for Tenants to Rent Five Floors in New HQ
The NY Times Co. is looking to rent out five of the 29 floors they own in the Times Tower, the new headquarters developed in partnership with Forest City Ratner.

Business Wire, Forest City Offers Westfield San Francisco Centre Tour to NAREIT Attendees
Forest City will be holding a tour of the Westfield San Francisco Centre for attendees of the National Association of Real Estate Investment Trusts (NAREIT) convention.

Rocky Mountain News, New gem for Forest City
An article about Forest City's recent developments in Colorado with some historical background.

The final phase of Northfield Stapleton, a 1.2 million-square-foot outdoor shopping center, debuts at 10 a.m. today.

It's the latest from Forest City Enterprises, the Cleveland-based developer that has begun several other area projects since becoming master developer of the 4,700-acre redevelopment project in 1999.
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Most recently, Forest City was named developer for the 160-acre Fitzsimons Bioscience Park in Aurora, whose aim is to attract bioscience companies and about 10,000 jobs in the next couple of decades.

Forest City was one of about a dozen developers that vied for the job, said Jill Sikora Farnham, executive director of the Fitzsimons Redevelopment Authority.
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Forest City Enterprises has its roots in a lumberyard business founded in 1921 by Polish immigrant siblings Charles, Max, -Leonard and Fannye Ratner.

The company went public in 1960 and today owns, develops and manages diverse real estate projects in 25 states. It reported revenue of $1.2 billion last year.
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Northfield Stapleton was built with enough sustainable characteristics to win it LEED-CS Silver Certification from the U.S. Green Building Council.

Posted by lumi at October 26, 2006 7:52 AM