View Single Post
  #69  
Old Posted May 6, 2013, 10:31 PM
mgs11's Avatar
mgs11 mgs11 is offline
Registered User
 
Join Date: Aug 2012
Location: ABQ
Posts: 589
Forest City lines up deal for Mesa del Sol stake

By Damon Scott and Dennis Domrzalski,
Albuquerque Business First Reporters


Forest City Enterprises Inc. is getting out of Albuquerque.

A spokesman for the $11 billion Cleveland-based developer said Monday that it plans to transfer its interest in Mesa del Sol in Albuquerque to its partner in the 13,000-acre master planned community project, the Covington Group Inc.

Forest City (NYSE: FCE.A) has been trying to sell its 3,000-acre stake in the project south of the Albuquerque International Sunport for more than a year.

http://www.bizjournals.com/albuquerq...sol-stake.html
Reply With Quote