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June 13, 2008
Forest City in the News
New Lenox Patriot, Economic slowdown delays NL mall
Forest City is tapping the breaks on a mall in Illinois:
Despite a delay in one of its major mall projects, Mayor Tim Baldermann said New Lenox is still in an advantageous position and both that project and the other mall are still moving forward.
"We've been in constant contact with them," Baldermann said of the village's communication with Forest City Enterprises Inc., developers of the Birches of New Lenox. "It's not anything that we're concerned with."
...
Baldermann said Forest City hasn't had any concerns, but retailers planning to set up shop in the center are wary given the current economic downturn.
The Real Deal, Harlem big-box retail store to open October '09
Bruce Ratner brings you more big-box retail:
East River Plaza, a former dormant wire factory in East Harlem, will be opened as a big-box retail complex in October 2009, 15 years after developer David Blumenthal purchased the site. The property, which runs from 116th to 119th street along Franklin D. Roosevelt Drive, will cater to stores like Costco and Wal-Mart. Home Depot and Target have already signed on, though Home Depot might sublet it space as it trims its expansion because of the weak economy.... Blumenthal is developing the site with Forest City Ratner.
wkyc.com, Making The Grade: Helping Our Kids Achieve
"Channel 3 has once again teamed up with Voices for Children of Greater Cleveland, KidsOhio.org, The Center for Families and Children, Invest in Children, Chuck and Ilana Horowitz Ratner and Forest City Enterprises to bring NE Ohio several important local community events and the third in a series of compelling local specials Making The Grade: Helping Our Kids Achieve," said WKYC President and General Manager Brooke Spectorsky.
"Our children and their successes are vital to the growth and future of our community," added Horowitz Ratner.
mffais.com [MFFAIS - Mutual Fund Facts About Individual Stocks], Forest City Enterprises Inc (FCYA.BE) dumped by Macquarie Group Ltd
Macquarie Group Ltd completely dumped all -11,305 shares they owned of Forest City Enterprises Inc (FCYA.BE) as shown by filings made public on 2008-06-11.
The stock is currently owned by 174 funds/institutions with a total activity score of 0.08. With 44.97 % of owning funds reported recently buying shares, 15.38 % maintaining existing share level and 39.64 % selling shares. Full details for Forest City Enterprises Inc (FCYA.BE) available at http://www.mffais.com/fcya.be.html.
GlobeSt.com, $719M Funds Affordable Creation, Preservation
At least these subsidies will fund housing instead of a hoops emporium.
The largest Brooklyn financing is for 80 DeKalb Ave, an 80/20 project in the Fort Greene neighborhood near downtown Brooklyn, which will receive $137 million in financing for a 34-story building with 365 units, of which 73 will be reserved for low-income tenants. The borrower will be FC 80 DeKalb Associates LLC, whose principals include Bruce Ratner, chairman of Forest City Ratner Cos.
Posted by lumi at June 13, 2008 4:12 AM