No Land Grab (Free subscription) | 22/11/2008
Atlantic Yards Report The price of Forest City Enterprises stock went up 15% yesterday, to $3.94 which was a very good deal for anyone who bought the stock on Thursday, when it it closed at $3.42. But it's still off 92% from its one-year high of $50.27. A day earlier, it was off 93%. link
Atlantic Yards Report (Free subscription) | 22/11/2008
The price of Forest City Enterprises stock went up 15% yesterday, to $3.94 which was a very good deal for anyone who bought the stock on Thursday, when it it closed at $3.42. But it's still off 92% from its one-year high of $50.27. A day earlier, it was off 93%.
No Land Grab (Free subscription) | 21/11/2008
Writes Like She Talks An Ohio blogger discovers Atlantic Yards Report, which prompts her to relate her own negative experiences with a Forest City Enterprises development known as Sterling Lakes. I live in a town that is saddled with a little something developed by Forest City called Sterling Lakes which, to the best of my knowledge, has done not one single exemplary thing for our city and continues...
No Land Grab (Free subscription) | 21/11/2008
Cleveland company withdraws its plans for giant housing, retail project between Dublin, Marysville The Columbus Dispatch By Mike Pramik An ambitious plan to turn nearly 1,000 acres of rural Union County land into a bustling community is being canceled. Cleveland-based Forest City Enterprises, the proposed developer of Bayly Pointe, today plans to withdraw a zoning application it had filed with Millcreek...
No Land Grab (Free subscription) | 21/11/2008
Develop Don't Destroy Brooklyn continues the Forest City stockwatch : Forest City Ratner's parent company Forest City Enterprises' stock continued its vertiginous descent into uncharted territory today, down 74 cents (17.79%) to $3.42. One month ago the stock price was $16.13. The stock is down 93% for the year. NoLandGrab: Granted the market has been in a freefall and the real estate sector has been...
Atlantic Yards Report (Free subscription) | 21/11/2008
As the stock of Forest City Enterprises (FCE) continued its mind-boggling fall--down nearly 18% yesterday to $3.42, a new low, and 93% for the year--the casualties have begun. Yesterday, the Columbus Dispatch reported that Bayly Pointe, a project planned for 1000 acres in central Ohio, had been scrapped. Why? A letter from the company cited the poor economy and infrastructure issues. Lessons
Curbed (Free subscription) | 20/11/2008
Who's in control of Atlantic Yards? The Empire State Development Corp. says that it's in charge of what goes on and the timetable for development, etc. But Forest City Enterprises says it's in charge. It's "telling the real estate industry...
No Land Grab (Free subscription) | 20/11/2008
Atlantic Yards Report What should we make of the astounding continued fall in the stock price of Forest City Enterprises, parent company of developer Forest City Ratner? The nearly 27% decline yesterday brought the stock to $4.16, nearly 92% below the stock's 52-week high.... The stock has fallen nearly 79% since October 10, when it was $19.79. ... How does the lack of investor confidence affect Atlantic...
No Land Grab (Free subscription) | 20/11/2008
Develop Don't Destroy Brooklyn continues to track the stock of Atlantic Yards developer Forest City Enterprises . The stock price of Forest City Ratner's parent company—Forest City Enterprises—continues its precipitous nosedive, reaching a 12 year low. It closed today down 1.53 (26.89%):
No Land Grab (Free subscription) | 18/11/2008
Develop Don't Destroy Brooklyn ran this screen cap , noting that Forest City Enterprises's share price reached an over ten-year low yesterday, closing at 5.56. It is worth noting that Barclays Bank, who just publicly reaffirmed the lucrative naming rights deal for a new arena in Brooklyn, recently became one of the largest institutional investors in Forest City Enterprises . On June 30, 2008 Barclays...
No Land Grab (Free subscription) | 18/11/2008
Though we doubt that the folks at Forest City Enterprises have changed their homepages to the Atlantic Yards Deathwatch , the site made a ripple in the blogosphere. Norman Oder of Atlantic Yards Report sez : I'm not sure I buy the concept of the Atlantic Yards Deathwatch. Maybe it should be the Atlantic Yards Delay-watch. Comments from the Brownstoner pack : ...guess they're pretty sure the project...
No Land Grab (Free subscription) | 13/11/2008
Atlantic Yards Report A week ago, I speculated that Forest City Ratner (FCR) had laid off some people working on the Atlantic Yards project, even as corporate officials at parent Forest City Enterprises (FCE) would not specify where there'd been layoffs. Yesterday, there was partial confirmation, as the New York Post quoted sources saying there had been layoffs at FCR. Though no projects were specified,...
No Land Grab (Free subscription) | 10/11/2008
Crain's Cleveland Business By Stan Bullard Last week, we missed this article about the layoffs at Forest City Enterprises. Crain's didn't get any further than the Plain Dealer did in pinning down further details about the workforce cuts: Forest City Enterprises Inc. (NYSE: FCEa, FCEb), the Cleveland-based mega developer and property owner, confirmed today that it will lay off an undisclosed number...
No Land Grab (Free subscription) | 06/11/2008
Atlantic Yards Report Norman Oder plumbs the Cleveland Plain Dealer's report about layoffs at Forest City for clues as to where Atlantic Yards lies in the company's development queue. A brief paragraph, I think, provides some clues about Atlantic Yards: [Forest City Enterprises spokesman Jeff Linton] said the company remains committed to all projects already under way. "It's those far-future things...
No Land Grab (Free subscription) | 06/11/2008
The Cleveland Plain Dealer By Shaheen Samavati Due to the one-two punch of sagging demand and scarce credit, Atlantic Yards developer Forest City Enterprises is laying some employees off this week. Spokesman Jeff Linton wouldn't say how many people are affected, but he said it's a small percentage of the company's work force of 3,200. Of those, about 800 work at the company's headquarters in downtown...
