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December 17, 2007
Forest City in the News
CLEVELAND, OH
Business Wire, Forest City Announces Promotions of Two Corporate Officers
From the Forest City Enterprises press release:
Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced that Linda M. Kane has been promoted to senior vice president, chief accounting and administrative officer, and Charles D. Obert has been promoted to vice president, corporate controller.
“These two outstanding individuals are key leaders in our accounting, compliance and administrative management efforts, and are representative of the depth and quality of talent in these vital areas,” said Charles A. Ratner, Forest City president and chief executive officer. “It is a great pleasure to announce their promotions.”
DALLAS, TX
Dallas Morning News, Plans for master-planned community in Prosper Advance
Forest City Enterprises said Friday that it's moving ahead with plans to develop a 2,100-acre master-planned community in Prosper.
As part of the deal, Forest City and the Mahard family – which owns the land – say they have reached an agreement with Prosper to annex the property at U.S. Highway 380 and FM423.
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Plans for the project include neighborhoods of single-family homes, shopping centers, office space, parks and recreational facilities.
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Forest City also has large community developments in Colorado and New Mexico. It is best-known in the Dallas area for its redevelopment of downtown's historic Mercantile National Bank tower.
NoLandGrab: Note that Forest City doesn't readily brag about its history of accomplishment in Brooklyn.
OAKLAND, CA
Contra Costa Times, Positive message a plus to community
A monument is going up in Fox Square:
The 25,000 square-foot park -- bordered by Telegraph, San Pablo, 19th Street and Williams -- is surrounded by mixed-use residential and retail space, with 665 residential units, currently under construction by Forest City Enterprises and MacFarlane Partners. Forest City is footing the bill for 24-hour security in the area. The long-closed Fox Theatre a block away is being renovated back to its art deco glory and will be downtown Oakland's second live theater, along with the Paramount. The 19th Street BART station is a block away from the monument park.
NoLandGrab: The monument is supposed to be a boost to the community, though the article doesn't mention what the monument depicts or commemorates.
Posted by lumi at December 17, 2007 4:55 AM