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