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October 30, 2009
Forest City in the News
Associated Press, Forest City refinances office buildings in Mass
Real estate company Forest City Enterprises Inc. said Thursday that it closed on a $90 million refinancing for twin office buildings in its University Park in Cambridge, Mass.
The seven-year, fixed-rate refinancing represents about a 50 percent increase in principal over the prior financing, Forest City said in a release. Jeff Linton, a company spokesman, said additional terms of the deal were not being released.
The Cleveland Plain-Dealer, Forest City refinances two Massachusetts office buildings
The real estate company, based in Cleveland, has secured a seven-year, fixed-rate refinancing for the 45/75 Sydney Street buildings through two insurance companies. The new deal represents a 50 percent increase in principal over the prior financing for the properties.
Posted by lumi at October 30, 2009 5:24 AM