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April 16, 2009
Forest City in the News
The Cleveland Plain Dealer, Maple Heights: Southgate U.S.A. operations given to court-appointed receiver
A shopping mall owned by some of the principals of Forest City Enterprises is going into foreclosure:
Operations of Southgate U.S.A. shopping center on April 9 were given to a court-appointed receiver employed by an Ann Arbor-based real-estate investment company.
...
Southgate U.S.A. was operated by the Terminal Tower-based SG USA through an ownership group comprising members of the Ratner, Miller, Shafran and Siegler families for which Albert B. Ratner was managing member.Ratner is co-chairman of Forest City Enterprises Inc., Cleveland, which had no ownership stake in Southgate.
The Cleveland Plain Dealer, Dan Gilbert, Paul Dolan push for delay of medical mart agreement vote
Two Cleveland pro-sports team owners are calling for a delay in the approval vote for the Medical Mart project. One denies being an agent for Forest City Enterprises!
Brooklyn Daily Eagle, Court St. Boutique Owner Works Amid Sea of Change
Forest City Ratner's 12-story cinema complex is the centerpiece of change on Court St.
Chicago Sun Times, RENT TO OWN
New West Realty, co-developers of the 300-unit Eastgate Village complex at 26th and King Drive, has started one of the more aggressive rent-to-own programs in the Chicago area. It allows for 75 percent of a prospective buyer's monthly rent to be escrowed as a down payment for a purchase within a year. Buyers sign both an agreement to purchase a condo or town house and a one-year lease at Eastgate Village, part of the former campus of Mercy Hospital.
New West is a partner in the project with Fogelson Cos. and Forest City Enterprises Inc.
Posted by lumi at April 16, 2009 5:31 AM