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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Forest city Enterprises Inc(class A) | NYSE:FCEA | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
CLEVELAND, May 24, 2011 /PRNewswire/ -- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that subsidiaries have recently been awarded two retail property and leasing management contracts.
(Logo: http://photos.prnewswire.com/prnh/20080515/FRSTCTYLOGO )
The contracts are for The Shops at Tanforan, a 973,520-square-foot regional enclosed mall In San Bruno, Calif., and Town Square Las Vegas, a 100-acre, open-air center with mix of retail, restaurant and entertainment tenants, as well as Class A office space, in Las Vegas, Nevada. Forest City will provide property management and leasing management services at both centers. In addition to these assignments, Forest City also provides third-party property and leasing management services for the 1.7 million-square-foot Southlands mixed-use lifestyle center in southeast Denver, Colo.
"We're honored to have been selected for these assignments, which are a testament to the strength and reputation of our retail management and leasing teams," said David J. LaRue, Forest City executive vice president and chief operating officer. "As conditions continue to improve in retail, property owners, including financial institutions, are looking for opportunities to protect and enhance asset values. By applying Forest City's experience and core strengths to projects like these, we're able to help owners preserve and grow value over the long term. Assignments like these also leverage our capabilities and pool of talent, help nurture new, long-term relationships, and generate fee income for Forest City
About Forest City
Forest City Enterprises, Inc. is an NYSE-listed national real estate company with $11.8 billion in total assets. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States. For more information, visit http://www.forestcity.net.
SOURCE Forest City Enterprises, Inc.
Copyright 2011 PR Newswire
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