Forest City Ent Cl A (FCE.A) 22.39 $FCE.A
Forest City joint venture closes sale of Queens entertainment property to Kaufman Astoria Studios
PR Newswire - Thu Jun 09, 6:30AM CDT
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) and Kaufman Astoria Studios today announced the completion of the sale of Steinway Street Theaters, known locally as UA Kaufman Astoria Cinemas, an 84,000-square-foot movie theater complex in Astoria, Queens. An affiliate of Kaufman Astoria Studios acquired the property from Forest City and its joint venture partner, Madison International Realty, LLC, for a total purchase price of $45 million.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City to Webcast 2016 Annual Meeting of Shareholders
PR Newswire - Tue May 24, 7:00AM CDT
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) today announced that it will webcast its 2016 annual meeting of shareholders beginning at 2:00 p.m. eastern time on Wednesday, May 25, 2016. The annual meeting is being held at the Ritz-Carlton hotel in Cleveland.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City board declares regular quarterly dividend
PR Newswire - Tue May 17, 7:43AM CDT
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that its board of directors has declared a second-quarter 2016 cash dividend of $.06 per share of common stock, payable on June 24, 2016, to shareholders of record as of the close of business on June 10, 2016.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City Reports 2016 First-Quarter Results
PR Newswire - Thu May 05, 3:15PM CDT
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) today announced financial results for the three months ended March 31, 2016.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City expands revolving credit facility to $600 million; adds $335 million, five-year term loan facility
PR Newswire - Thu May 05, 7:00AM CDT
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) today announced that it has exercised a portion of the accordion feature of its unsecured credit facility, raising the total facility from $500 million to $600 million. In addition, the company announced it has closed a new credit agreement, which provides for a $335 million, five-year term loan facility. Borrowing under the term loan facility are expected to be used, together with proceeds from asset dispositions, to address the 2017 mortgage maturity on the company's interest in the New York Times building, a 52-story, Renzo Piano-designed office building in midtown Manhattan.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City Realty Trust Notice of First-Quarter Earnings and Conference Call
PR Newswire - Wed Apr 06, 1:46PM CDT
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) will release its first-quarter financial results on Thursday, May 5, 2016, after the NYSE close, and will hold a conference call with investors on Friday, May 6, 2016 at 11:00 a.m. ET, to discuss these results. Investors are invited to dial into the conference call hosted by David J. LaRue, president and chief executive officer.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Bedrock Real Estate Services Acquires The Avenue Shops at Tower City Center in Downtown Cleveland
PR Newswire - Wed Mar 23, 7:30AM CDT
Detroit-based Bedrock Real Estate Services today announced the acquisition of The Avenue Shops at Tower City Center from Forest City Enterprises. The iconic three-story, 366,000 square foot retail center is located at 230 West Huron Road in the heart of downtown Cleveland.
FCE.A: 22.39 (+0.04)
Forest City completes disposition of Avenue retail center
PR Newswire - Wed Mar 23, 7:30AM CDT
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that it has completed the sale of the Avenue at Tower City Center, a 366,000-square-foot specialty retail center in downtown Cleveland, together with related parking assets, to subsidiaries of Bedrock Real Estate Services. The sale price was $56.5 million, including contractual parking rights, and is expected to generate net proceeds after commissions and customary closing costs of approximately $52.9 million.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City to present at Citi 2016 Global Property CEO Conference
PR Newswire - Fri Mar 11, 2:18PM CST
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) today announced that President and Chief Executive Officer David J. LaRue and Executive Vice President and Chief Financial Officer Bob O'Brien will make a presentation to investors attending the Citi 2016 Global Property CEO Conference, March 14-16, 2016, at The Diplomat Resort and Spa in Hollywood, Florida.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City Announces Cash Repurchases of $153.6 Million of Senior Notes
PR Newswire - Wed Mar 09, 7:30AM CST
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) today announced that it has executed separate, privately negotiated agreements under which it will repurchase approximately $77.3 million aggregate principal amount of its 4.25% Convertible Senior Notes due 2018 and approximately $76.3 million aggregate principal amount of its 3.625% Convertible Senior Notes due 2020, for a total of $177.8 million in cash, inclusive of interest payable on the notes through maturity and additional cash inducement.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City Realty Trust Notice of Fourth-Quarter and Year-end 2015 Earnings and Conference Call
PR Newswire - Fri Feb 05, 8:25AM CST
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) will release its fourth-quarter and year-end 2015 financial results on Tuesday, February 23, 2016, after the NYSE close, and will hold a conference call with investors on Wednesday, February 24, 2016 at 11:00 a.m. ET, to discuss these results. Investors are invited to dial into the conference call hosted by David J. LaRue, president and chief executive officer.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City, QIC enter joint venture for Westchester's Ridge Hill
PR Newswire - Tue Feb 02, 7:30AM CST
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) today announced the creation of a previously disclosed joint venture with QIC, one of the largest institutional investment managers in Australia, under which QIC acquired 51 percent equity ownership of Westchester's Ridge Hill, a 1.3 million-square-foot regional mall developed by Forest City in Yonkers, New York. Forest City retained 49 percent equity ownership and expects to receive total proceeds from creation of the joint venture of approximately $90 million. The transaction also includes a provision under which Forest City has the opportunity to receive additional proceeds based on the center's future performance. Proceeds from the transaction will be used primarily to pay down debt as part of the company's ongoing deleveraging program.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City closes sale of equity interest in Barclays Center, Brooklyn Nets to Onexim Sports and Entertainment
PR Newswire - Mon Feb 01, 7:30AM CST
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that its subsidiary, Nets Sports and Entertainment, LLC (NS&E), has completed the previously announced sale of its equity interests in both the Barclays Center arena and the Brooklyn Nets basketball team to Onexim Sports and Entertainment Holding USA, Inc. (Onexim). As previously disclosed, the transaction values the team at approximately $875 million and the arena at $825 million, inclusive of debt for each asset. The transaction was approved in December by the Board of Governors of the NBA, and achieves the NBA's objective of having ownership and control of both assets under one owner.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City reaches agreement for sale of federally assisted housing portfolio
PR Newswire - Tue Jan 19, 3:30PM CST
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that it has executed a master purchase and sale agreement with Jonathan Rose Companies under which Rose will acquire Forest City's equity interest in a portfolio of 47 federally assisted housing apartment communities in nine states and the District of Columbia. The gross transaction price is $80 million with anticipated net cash proceeds to Forest City of approximately $65 million after capital reserves and closing costs.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City completes sale of Brooklyn development site for $158 million
PR Newswire - Thu Jan 14, 8:04AM CST
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that it has closed the sale of 625 Fulton Street, an unencumbered development site in Brooklyn, New York, to The Rabsky Group. The sale price was $158 million, of which $100 million was paid at closing with the balance due in 90 days.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City completes conversion to REIT status
PR Newswire - Mon Jan 04, 6:30AM CST
On behalf of Forest City Enterprises, Inc., Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) today announced the completion of the merger of FCE Merger Sub, Inc., an Ohio corporation, with and into Forest City Enterprises, Inc., with Forest City Enterprises, Inc. surviving as a wholly-owned subsidiary of Forest City Realty Trust, Inc. The merger marks the final step in the company's planned conversion to real estate investment trust (REIT) status for the taxable year ending December 31, 2016.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City reaches agreement with Onexim for sale of Barclays Center, Brooklyn Nets
PR Newswire - Tue Dec 22, 4:36PM CST
Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) announced today that its subsidiary, Nets Sports and Entertainment (NS&E), has executed a purchase and sale agreement with Onexim Sports and Entertainment under which Onexim will become the 100 percent equity owner of the Barclays Center arena and the Brooklyn Nets basketball team. The NBA's Board of Governors unanimously approved the transaction earlier this month.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Federal Realty Taps Forest City Executive, Ramsey D. Meiser, To Strengthen Mixed-Use Development Team
PR Newswire - Wed Dec 02, 3:35PM CST
Federal Realty Investment Trust (NYSE: FRT) is pleased to announce the addition of Ramsey D. Meiser to the newly created position of Senior Vice President, Mixed-Use Development reporting to Executive Vice President, Development Donald Briggs. He will be based in the Trust's Headquarters in Rockville, MD and join the firm January 5, 2016. Mr. Meiser comes to Federal from Forest City Enterprises, where he has spent much of the past decade stewarding The Yards, Forest City's much heralded and expansive 6 million square foot mixed use development near Nationals Park in Washington D.C. as its Senior Vice President of Development. Prior to his time at Forest City, Mr. Meiser spent nearly 16 years at the Mills Corporation, where he worked in various development capacities on over 5 million square feet of development. Mr. Meiser holds a Bachelor's degree in Accounting from Virginia Tech.
FCE.A: 22.39 (+0.04), FRT: 156.70 (-0.32)
Forest City closes new $500 million revolving credit facility
PR Newswire - Thu Nov 19, 3:15PM CST
Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that it has closed a new, $500 million unsecured credit facility. The four-year facility, with two six-month extension options, includes an accordion feature allowing the overall facility to be increased to $750 million. The facility is initially priced at LIBOR plus 160 bps, subject to adjustment based on the company's leverage ratio.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Hunt Companies Signs Definitive Agreement to Acquire Military Housing Portfolio with Long-Term Contracts from Forest City Enterprises
BusinessWire - Mon Nov 09, 1:30PM CST
Hunt Companies, Inc. announced today that it has signed a definitive purchase and sale agreement to acquire the entire portfolio of military housing assets including equity interests and various service contracts from Forest City Enterprises, Inc. (NYSE: FCEA and FCEB). The pending acquisition adds approximately 15,000 units to Hunt's existing portfolio, increasing the Company's total number of military housing units owned and managed to over 32,000 and owned to over 51,000.
FCE.A: 22.39 (+0.04)
Forest City joint venture closes sale of Queens entertainment property to Kaufman Astoria Studios
PR Newswire - Thu Jun 09, 6:30AM CDT
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) and Kaufman Astoria Studios today announced the completion of the sale of Steinway Street Theaters, known locally as UA Kaufman Astoria Cinemas, an 84,000-square-foot movie theater complex in Astoria, Queens. An affiliate of Kaufman Astoria Studios acquired the property from Forest City and its joint venture partner, Madison International Realty, LLC, for a total purchase price of $45 million.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City to Webcast 2016 Annual Meeting of Shareholders
PR Newswire - Tue May 24, 7:00AM CDT
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) today announced that it will webcast its 2016 annual meeting of shareholders beginning at 2:00 p.m. eastern time on Wednesday, May 25, 2016. The annual meeting is being held at the Ritz-Carlton hotel in Cleveland.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City board declares regular quarterly dividend
PR Newswire - Tue May 17, 7:43AM CDT
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that its board of directors has declared a second-quarter 2016 cash dividend of $.06 per share of common stock, payable on June 24, 2016, to shareholders of record as of the close of business on June 10, 2016.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City Reports 2016 First-Quarter Results
PR Newswire - Thu May 05, 3:15PM CDT
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) today announced financial results for the three months ended March 31, 2016.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City expands revolving credit facility to $600 million; adds $335 million, five-year term loan facility
PR Newswire - Thu May 05, 7:00AM CDT
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) today announced that it has exercised a portion of the accordion feature of its unsecured credit facility, raising the total facility from $500 million to $600 million. In addition, the company announced it has closed a new credit agreement, which provides for a $335 million, five-year term loan facility. Borrowing under the term loan facility are expected to be used, together with proceeds from asset dispositions, to address the 2017 mortgage maturity on the company's interest in the New York Times building, a 52-story, Renzo Piano-designed office building in midtown Manhattan.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City Realty Trust Notice of First-Quarter Earnings and Conference Call
PR Newswire - Wed Apr 06, 1:46PM CDT
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) will release its first-quarter financial results on Thursday, May 5, 2016, after the NYSE close, and will hold a conference call with investors on Friday, May 6, 2016 at 11:00 a.m. ET, to discuss these results. Investors are invited to dial into the conference call hosted by David J. LaRue, president and chief executive officer.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Bedrock Real Estate Services Acquires The Avenue Shops at Tower City Center in Downtown Cleveland
PR Newswire - Wed Mar 23, 7:30AM CDT
Detroit-based Bedrock Real Estate Services today announced the acquisition of The Avenue Shops at Tower City Center from Forest City Enterprises. The iconic three-story, 366,000 square foot retail center is located at 230 West Huron Road in the heart of downtown Cleveland.
FCE.A: 22.39 (+0.04)
Forest City completes disposition of Avenue retail center
PR Newswire - Wed Mar 23, 7:30AM CDT
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that it has completed the sale of the Avenue at Tower City Center, a 366,000-square-foot specialty retail center in downtown Cleveland, together with related parking assets, to subsidiaries of Bedrock Real Estate Services. The sale price was $56.5 million, including contractual parking rights, and is expected to generate net proceeds after commissions and customary closing costs of approximately $52.9 million.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City to present at Citi 2016 Global Property CEO Conference
PR Newswire - Fri Mar 11, 2:18PM CST
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) today announced that President and Chief Executive Officer David J. LaRue and Executive Vice President and Chief Financial Officer Bob O'Brien will make a presentation to investors attending the Citi 2016 Global Property CEO Conference, March 14-16, 2016, at The Diplomat Resort and Spa in Hollywood, Florida.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City Announces Cash Repurchases of $153.6 Million of Senior Notes
PR Newswire - Wed Mar 09, 7:30AM CST
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) today announced that it has executed separate, privately negotiated agreements under which it will repurchase approximately $77.3 million aggregate principal amount of its 4.25% Convertible Senior Notes due 2018 and approximately $76.3 million aggregate principal amount of its 3.625% Convertible Senior Notes due 2020, for a total of $177.8 million in cash, inclusive of interest payable on the notes through maturity and additional cash inducement.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City Realty Trust Notice of Fourth-Quarter and Year-end 2015 Earnings and Conference Call
PR Newswire - Fri Feb 05, 8:25AM CST
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) will release its fourth-quarter and year-end 2015 financial results on Tuesday, February 23, 2016, after the NYSE close, and will hold a conference call with investors on Wednesday, February 24, 2016 at 11:00 a.m. ET, to discuss these results. Investors are invited to dial into the conference call hosted by David J. LaRue, president and chief executive officer.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City, QIC enter joint venture for Westchester's Ridge Hill
PR Newswire - Tue Feb 02, 7:30AM CST
Forest City Realty Trust, Inc., (NYSE: FCEA and FCEB) today announced the creation of a previously disclosed joint venture with QIC, one of the largest institutional investment managers in Australia, under which QIC acquired 51 percent equity ownership of Westchester's Ridge Hill, a 1.3 million-square-foot regional mall developed by Forest City in Yonkers, New York. Forest City retained 49 percent equity ownership and expects to receive total proceeds from creation of the joint venture of approximately $90 million. The transaction also includes a provision under which Forest City has the opportunity to receive additional proceeds based on the center's future performance. Proceeds from the transaction will be used primarily to pay down debt as part of the company's ongoing deleveraging program.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City closes sale of equity interest in Barclays Center, Brooklyn Nets to Onexim Sports and Entertainment
PR Newswire - Mon Feb 01, 7:30AM CST
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that its subsidiary, Nets Sports and Entertainment, LLC (NS&E), has completed the previously announced sale of its equity interests in both the Barclays Center arena and the Brooklyn Nets basketball team to Onexim Sports and Entertainment Holding USA, Inc. (Onexim). As previously disclosed, the transaction values the team at approximately $875 million and the arena at $825 million, inclusive of debt for each asset. The transaction was approved in December by the Board of Governors of the NBA, and achieves the NBA's objective of having ownership and control of both assets under one owner.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City reaches agreement for sale of federally assisted housing portfolio
PR Newswire - Tue Jan 19, 3:30PM CST
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that it has executed a master purchase and sale agreement with Jonathan Rose Companies under which Rose will acquire Forest City's equity interest in a portfolio of 47 federally assisted housing apartment communities in nine states and the District of Columbia. The gross transaction price is $80 million with anticipated net cash proceeds to Forest City of approximately $65 million after capital reserves and closing costs.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City completes sale of Brooklyn development site for $158 million
PR Newswire - Thu Jan 14, 8:04AM CST
Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) announced today that it has closed the sale of 625 Fulton Street, an unencumbered development site in Brooklyn, New York, to The Rabsky Group. The sale price was $158 million, of which $100 million was paid at closing with the balance due in 90 days.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City completes conversion to REIT status
PR Newswire - Mon Jan 04, 6:30AM CST
On behalf of Forest City Enterprises, Inc., Forest City Realty Trust, Inc. (NYSE: FCEA and FCEB) today announced the completion of the merger of FCE Merger Sub, Inc., an Ohio corporation, with and into Forest City Enterprises, Inc., with Forest City Enterprises, Inc. surviving as a wholly-owned subsidiary of Forest City Realty Trust, Inc. The merger marks the final step in the company's planned conversion to real estate investment trust (REIT) status for the taxable year ending December 31, 2016.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Forest City reaches agreement with Onexim for sale of Barclays Center, Brooklyn Nets
PR Newswire - Tue Dec 22, 4:36PM CST
Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) announced today that its subsidiary, Nets Sports and Entertainment (NS&E), has executed a purchase and sale agreement with Onexim Sports and Entertainment under which Onexim will become the 100 percent equity owner of the Barclays Center arena and the Brooklyn Nets basketball team. The NBA's Board of Governors unanimously approved the transaction earlier this month.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Federal Realty Taps Forest City Executive, Ramsey D. Meiser, To Strengthen Mixed-Use Development Team
PR Newswire - Wed Dec 02, 3:35PM CST
Federal Realty Investment Trust (NYSE: FRT) is pleased to announce the addition of Ramsey D. Meiser to the newly created position of Senior Vice President, Mixed-Use Development reporting to Executive Vice President, Development Donald Briggs. He will be based in the Trust's Headquarters in Rockville, MD and join the firm January 5, 2016. Mr. Meiser comes to Federal from Forest City Enterprises, where he has spent much of the past decade stewarding The Yards, Forest City's much heralded and expansive 6 million square foot mixed use development near Nationals Park in Washington D.C. as its Senior Vice President of Development. Prior to his time at Forest City, Mr. Meiser spent nearly 16 years at the Mills Corporation, where he worked in various development capacities on over 5 million square feet of development. Mr. Meiser holds a Bachelor's degree in Accounting from Virginia Tech.
FCE.A: 22.39 (+0.04), FRT: 156.70 (-0.32)
Forest City closes new $500 million revolving credit facility
PR Newswire - Thu Nov 19, 3:15PM CST
Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that it has closed a new, $500 million unsecured credit facility. The four-year facility, with two six-month extension options, includes an accordion feature allowing the overall facility to be increased to $750 million. The facility is initially priced at LIBOR plus 160 bps, subject to adjustment based on the company's leverage ratio.
FCE.B: 22.62 (-0.06), FCE.A: 22.39 (+0.04)
Hunt Companies Signs Definitive Agreement to Acquire Military Housing Portfolio with Long-Term Contracts from Forest City Enterprises
BusinessWire - Mon Nov 09, 1:30PM CST
Hunt Companies, Inc. announced today that it has signed a definitive purchase and sale agreement to acquire the entire portfolio of military housing assets including equity interests and various service contracts from Forest City Enterprises, Inc. (NYSE: FCEA and FCEB). The pending acquisition adds approximately 15,000 units to Hunt's existing portfolio, increasing the Company's total number of military housing units owned and managed to over 32,000 and owned to over 51,000.
FCE.A: 22.39 (+0.04)
