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February 26, 2008
Forest City in the News
BusinessWire, Forest City Enterprises Announces Project Financings
These days, when Forest City completes the financing on a project, they issue a release. It's hard to know whether the release is supposed to buck up their employees (who can't be having fun working in commercial real estate during a credit drought), assure skittish investors, or be a signal to the company's detractors that they still have their mojo.
Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) today announced seven recently completed financing transactions, totaling nearly $380 million, in the Company’s national portfolio of operating properties and in its development pipeline.
“These successful transactions reflect our continuing ability to access the capital needed to finance our extensive real estate portfolio, make selective strategic acquisitions and fund our robust development pipeline,” said Charles A. Ratner, Forest City president and CEO. “They also reflect the strong relationships we have with a wide variety of lenders and other sources of funding.”
Q: Don't seven projects whose financing transactions total around $380 million seem like peanuts compared to Atlantic Yards?
TradingMarkets.com, S.R. 56 Road Work May Start Next Month
Tampa Tribune - McClatchy-Tribune Information Services via COMTEX) -- FCE.A | news | PowerRating | PR Charts -- Construction on State Road 56 east of Bruce B. Downs Boulevard could begin March 12, the project coordinator said Thursday.
GoodForest LLC, the company developing the Shops at Wiregrass mall, plans to hold a groundbreaking ceremony for the new road on that day, said Jim Richardson, vice president of Cleveland-based Forest City Enterprises.
NoLandGrab: Who would you pick to run "BadForest LLC?"
New Mexico Business Weekly, Schott to break ground in early March
The German manufacturer is set to break ground on a new plant as part of Forest City's Mesa del Sol plan.
Posted by lumi at February 26, 2008 4:38 AM