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January 18, 2008

Forest City in the News

The Californian, Commission sold on mall changes

Here's a project where Forest City Enterprises is footing the bill for transportation infrastructure changes — in Brooklyn, taxpayers are the lucky ones:

Improvements to The Promenade's ring road were an easy sell to the Planning Commission on Wednesday night.

The commission voted 5-0 to accept the plan intended to ease traffic conflicts on the road encircling the mall with no objections from the public.
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.

Cleveland DBusiness News, SCHOTT Solar Selects Mesa del Sol for New Solar Manufacturing Plant Company to Bring up to 1,500 Jobs to Mesa del Sol’s Renewable Energy Cluster

Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced today that SCHOTT AG, a global leader in glass and optics and one of the largest solar technology manufacturers in the world, will build a 200,000 square foot manufacturing facility for SCHOTT Solar, Inc., its wholly owned subsidiary, on 80 acres at Mesa del Sol, a 12,900 acre mixed-use project in Albuquerque, NM.

Mesa del Sol is being developed by Forest City Covington NM, LLC, a joint venture between Forest City NM, LLC, a subsidiary of Forest City Enterprises, and Covington NM, LLC, an affiliate company of Covington Capital Corporation.

BusinessWire, Fidelity Investments Selects Forest City's Mesa del Sol for New Operations Center

Forest City Enterprises, Inc. (NYSE: FCEA) (NYSE: FCEB) announced today that Fidelity Investments, one of the world’s largest providers of financial services, will locate a new 210,000-square-foot operations center at Mesa del Sol, a 12,900-acre, mixed-use project in Albuquerque, NM.

Posted by lumi at January 18, 2008 6:01 AM