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August 12, 2009
Forest City in the News
Bradenton Herald, Arbor Park developer avoids foreclosure
Forest City dodges a foreclosure in Florida.
The developer of a stalled residential and commercial project in northern Manatee County has avoided foreclosure, according to court records.
Orion Bank has dropped its lawsuit seeking to foreclose on the 483-acre Arbor Park project after reaching a settlement with the developer, Palmer Investors LC, court records show.
Details of the settlement were not disclosed, and several attorneys involved in the case declined comment Monday.
But a Tampa attorney representing Palmer Investors — a joint venture between Medallion Homes and Forest City Enterprises Inc., a real-estate development company based in Cleveland — said Orion agreed to modify the loan terms.
The attorney, William Dufoe, referred other questions to Forest City. Calls to the company were not immediately returned.
PR Newswire, Forest City Announces Major Pittsburgh Office Tenants
Two new tenants and a renewal in Pittsburgh prompt Forest City CEO Chuck Ratner to claim it's "further evidence of the strength of our office portfolio nationwide, which continues to perform well, even under current economic and market conditions."
HorseRaceInsider, Another 13 Tenants Announced for The Village at Gulfstream Park; 45 in All, and Counting
Forest City Enterprises announced the names of another 13 restaurants and stores – ranging from steak houses to a surf shop – that will take up residence at The Village at Gulfstream.
The Village is expected to have its grand opening Feb. 11, the Thursday after Super Bowl XLIV, which will be played in nearby Dolphin Stadium, about nine miles due west of Gulfstream Park.
Posted by eric at August 12, 2009 9:37 AM