The Denver Business Journal (Free subscription) | 07/24/2009
The Orchard Town Center outdoor shopping center in Westminster is among the Forest City Enterprises Inc. projects involved in $325 million in new financings and extensions of existing financings obtained by the developer, Forest City said Friday. (FCEA)
Market Wire (Free subscription) | 07/17/2009
NEW DELHI, INDIA (MARKET WIRE) Investors seeking the best unbiased research on Forest City Enterprises Inc. (NYSE: FCE-A), Hawaiian Holdings Inc. (NASDAQ: HA), Valero Energy Corp. (NYSE: VLO), AFLAC Inc. (NYSE: AFL), Loews Corporation (NYSE: L) and Waters Corp. (NYSE: WAT) should sign up to StreetInvesting.com today to gain free access to the most educational research reports on the web. Click Below...
The Tampa Bay Business Journal (Free subscription) | 03/30/2009
Real estate developer Forest City Enterprises Inc., one of the two owners of Shops at Wiregrass in Wesley Chapel, reported a fourth-quarter net loss of $45.1 million, or 44 cents a share, compared to a year-earlier profit of $12.6 million, or 12 cents a share. (FCEA)
The Denver Business Journal (Free subscription) | 03/30/2009
The Stapleton mixed-use redevelopment project at the site of Denver's former airport has experienced a "slowdown" in the sale of lots to homebuilders, developer Forest City Enterprises Inc. said Monday. (FCEA)
PR News Wire (Free subscription) | 03/23/2009
CLEVELAND, March 23 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) will release its fourth-quarter and full-year 2008 financial results on Monday, March 30, 2009, and will hold a conference call with investors on Tuesday, March 31, 2009 at 11:00 a.m. ET to discuss these results. Investors are invited to dial into the conference call hosted by Charles A. Ratner, president...
Atlantic Yards Report (Free subscription) | 03/22/2009
Public Radio's Marketplace reported this week on troubles facing the 31-acre Science + Technology Park at Johns Hopkins, Forest City Enterprises' project in Baltimore, another sign of the developer's struggles.Half the labs aren't operating; Forest City's leasing head Scott Levitan says, "The challenge now is to ride out the storm, get over the Valley of Death." The problem: the business...
No Land Grab (Free subscription) | 03/20/2009
Though overexamining the daily trading activity of a single stock can be uninformative in the overall scheme of things, we noticed that somebody, or somebodies, were dumping shares of Forest City Enterprises ( NYSE: FCE-A ) late yesterday (March 19, 2009). FCE-A traded in a narrow range almost all day, then, on late spiking volume, traded lower by several percentage points, to close just below the...
Brooklyn Heights Blog (Free subscription) | 03/19/2009
In a bid to raise much-needed cash, Forest City Enterprises could be selling The Heights — that is, the movie theater and Barnes & Noble complex on Court Street. The news comes from the subscription-only Real Estate Alert newsletter via Atlantic Yards Report. Here’s the article’s (free) snippet: Forest City Puts Mix of Properties on Block (03/11/2009) Moving [...]
Atlantic Yards Report (Free subscription) | 03/18/2009
Yesterday, I speculated on which four New York City retail properties would be sold, among a total of some 15 properties nationally, by developer Forest City Enterprises to raise cash.It turns out that yes, the outer-borough movie theaters are on the block.A reader put me out of my misery by forwarding the actual coverage in the newsletter Real Estate Alert:Eastdil is also marketing the retail
Atlantic Yards Report (Free subscription) | 03/18/2009
Despite suffering serious losses, more than $30 million a year, the owners of the New Jersey Nets have adjusted a key loan that could help the team limp toward a transition to a new Brooklyn arena. The Forest City Enterprises press release issued yesterday sounds like gobbledygook:Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) announced today that Brooklyn Basketball, LLC, in which the
No Land Grab (Free subscription) | 03/17/2009
Atlantic Yards Report Even though Forest City Enterprises tried to discredit Morningstar's previous analysis that deemed the company's stock nearly worthless, it didn't prevent the rating company from repeating itself. It looks like déjà vu from December. An analyst from Morningstar, in a report (subscribers-only) that repeats nearly verbatim the conclusions in a report issued three...
No Land Grab (Free subscription) | 03/17/2009
Atlantic Yards Report Forest City Enterprises is apparently in the position where it feels it has to sell off some of its premium performing assests, including four retail properties in NYC. Norman Oder surveys the online list of Forest City's NYC holdings and speculates about which ones the company has decided to hold. There are no Forest City Ratner listings publicly available via either the CBRE...
Atlantic Yards Report (Free subscription) | 03/17/2009
It looks like déjà vu from December. An analyst from Morningstar, in a report (subscribers-only) that repeats nearly verbatim the conclusions in a report issued three months ago, yesterday again warned that stock from Forest City Enterprises (FCE), parent company of Forest City Ratner, is essentially worthless.And, most likely, company representatives will fire back, as they did in December,...
Atlantic Yards Report (Free subscription) | 03/17/2009
According to Crain's Cleveland Business (via NLG), Forest City Enterprises (FCE) is so desperate for cash that, rather than sell only poor-performing properties, it is now marketing a very different portfolio, "gem office and retail buildings in superior markets and apartments in hot rental markets."On the block are 10 apartment buildings around the country, office space in Boston, and, via...
Atlantic Yards Report (Free subscription) | 03/14/2009
Though developer Forest City Enterprises (FCE) in December maintained it was committed to a $300 million housing and office project in downtown Fresno, CA, yesterday FCE announced it has abandoned the project.The key issue, apparently, was the inability to secure state and federal subsidies, despite the developer's effort to make cuts.The Fresno Bee reported:The company has had an exclusive
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