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PR News Wire (Free subscription) | 07/24/2008
FRESNO, Calif., July 24 /PRNewswire-FirstCall/ -- Gottschalks Inc.
(NYSE: ) today announced that the Company has entered into a purchase
agreement to sell its wholly-owned store in the Antelope Valley Mall in
Palmdale, California, to Forest City Enterprises, a Cleveland, Ohio-based
real estate management and development company. The Company currently
leases a second store within the same mall and will...
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No Land Grab (Free subscription) | 07/24/2008
Atlantic Yards Report responds to a NoLandGrab post : No Land Grab points out the irony of Forest City Ratner sponsoring an AIANY (American Institute of Architects-New York) panel on historic preservation. I'll remind people that parent Forest City Enterprises embraces historic preservation , just not in Brooklyn. NoLandGrab: Call it irony or hypocricy, it explains why no amount of positive press...
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No Land Grab (Free subscription) | 07/07/2008
Nets Daily The everything-Nets blog cites a report from Sports Business Journal about the latest lop-sided Nets loss and it wasn't on the hardwood. The Nets lost $7.2 million last quarter, more than double last year’s total, according to new filings by Forest City Enterprises. FCE is Bruce Ratner’s corporate parent and the team’s leading investor. It holds a 21 percent stake in the team but is responsible...
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No Land Grab (Free subscription) | 07/02/2008
Atlantic Yards Report Even though Forest City Enterprises CEO and Bruce Ratner's cousin Chuck Ratner declared to investors, "We still need more” subsidies for Atlantic Yards, you don't really think that the Ratners would actually threaten and blackmail local government officials to make sure they got his way? Once upon a time, "'Bruce Ratner said that the project "will be almost exclusively privately...
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No Land Grab (Free subscription) | 07/01/2008
The Earth Times CLEVELAND, June 30 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE: FCEA) (NYSE: FCEB) today announced three recent financing transactions, totaling more than $100 million, in the Company's national portfolio of operating properties and in its development pipeline. "These transactions, all of which closed within the past 30 days, reflect our continuing ability to access...
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No Land Grab (Free subscription) | 06/13/2008
The Brooklyn Paper By Sarah Portlock The New Jersey Nets are losing even more money — adding yet another wrinkle in the team’s plans to relocate to Brooklyn. Despite a promise to bring the Nets here, Forest City Enterprises, which partly owns the team, admitted this month that the squad has lost $10.2 million more this year than at this point last year. The company reported an $18.5-million loss in...
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Atlantic Yards Report (Free subscription) | 06/06/2008
Though Forest City Ratner head Bruce Ratner was nowhere in evidence at the "Brooklyn Day" rally at Borough Hall yesterday, his cousin Chuck Ratner--or someone who looks very much like him--was in attendance. Chuck Ratner is the president and CEO of Cleveland-based Forest City Enterprises (FCE), parent of Forest City Ratner. He's notable for saying that "we still need more" subsidies and offering
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DCmud - The Metro Urban Diary (Free subscription) | 05/30/2008
With a financing package that settled today, construction of the 33-acre Capitol Quarter in Southeast is now set to begin. Spurred by a Hope VI grant from HUD in 2001 that has been leveraged from $34.9 million to $700 million, the DC Housing Authority is partnering with Forest City Enterprises, Mid-City Urban, and EYA Associates, Inc. to create Capitol Quarter on the site of the now-demolished
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No Land Grab (Free subscription) | 05/30/2008
InsuranceNewsNet.com InsuranceNewsNet has the entire transcript of Forest City Enterprises's 4th Quarter 2007 earnings call posted on its web site. Use the search function to dig up references to Atlantic Yards, including the company's latest favorite lie : that it's 18-0 in Atlantic Yards-related legal decisions. JOANNE MINIERI, PRESIDENT, FOREST CITY RATNER COMPANIES: Thanks, Chuck. We and our partners...
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No Land Grab (Free subscription) | 05/27/2008
AP , via WTOL11 (Cleveland) Slumping sales are forcing Cleveland area condo developers to offer free washers, dryers and even cars to lure buyers. ... Forest City Enterprises recently re-launched condo sales with a 5 percent discount, plus a free washer and dryer. The empty condos hurt the city's tax base and drive down property values. article NoLandGrab: What will be the result of Forest City Enterprises's...
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No Land Grab (Free subscription) | 05/25/2008
The cover of the Forest City Enterprises (FCE) annual report, featuring the highly-successful New York Times Tower, jointly developed by FCE subsidiary Forest City Ratner with the New York Times Company, not only uses the typeface from the New York Times Magazine but also is printed on paper of similar dimensions and heft, as opposed to the narrower dimensions of previous reports. If anyone else did...
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Atlantic Yards Report (Free subscription) | 05/25/2008
The cover of the Forest City Enterprises (FCE) annual report, featuring the highly-successful New York Times Tower, jointly developed by FCE subsidiary Forest City Ratner with the New York Times Company, not only uses the typeface from the New York Times Magazine but also is printed on paper of similar dimensions and heft, as opposed to the narrower dimensions of previous reports. If anyone else
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No Land Grab (Free subscription) | 05/20/2008
Though a Forest City September 2005 earnings conference call hardly seems like breaking news, Norman Oder reported yesterday that Forest City Enterprises CEO Charles Ratner told investors that they had been eyeing the Atlantic Yards project. Chuck Ratner, CEO of FCE, said: I will confess that it was less than two or three years ago we were sitting around in New York wondering where the next deals...
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GuruFocus Updates (Free subscription) | 05/15/2008
Third Avenue Management, founded by legendary investor Marty Whitman, looks for cheap and safe investments. They had some quite contrarian plays these days with MBIA, Radian, Ambac etc. Third Avenue Management owns 173 stocks with a total value of $10.5 billion. These are the details of the buys and sells.
