type public traded as nyse fce.a nyse fce.b industry property management founded 1920 founders charles leonard max and fannye ratner headquarters cleveland ohio united states revenue us 1.18 billion fy 2012 1 operating income us 83.1 million fy 2012 1 total assets us 10.5 billion fy 2012 1 number of employees 2 573 divisions the commercial group the residential group the land development group website www.forestcity.net footnotes references 2 forest city realty trust nyse fcea nyse fceb is an american diversified real estate management and development company based in cleveland ohio united states . 3 its portfolio includes interests in retail centers apartment communities office buildings and mixed use projects in the u.s. the company has recently expanded into military housing communities . 4 contents 1 history 2 projects 3 awards 4 associations 5 references 6 external links history edit forest city was founded as a family owned lumber and hardware business in the 1920 5 by charles leonard max and fannye ratner . in the 1930s the company made its first foray into real estate purchasing lots for commercial development and its first apartment building . during world war ii the company made pre fabricated houses for government housing and began building strip malls . in 1955 forest city began converting its lumberyards forest city lumber into do it yourself home stores . in 1960 forest city became a publicly traded company . in the 1980s the company began divesting of its non core real estate holdings . the company sold its retail lumber business to handy andy home improvement center in 1987 . 6 they are the second largest holder of real estate in downtown cleveland after optima ventures a miami based real estate investment firm led by chaim schochet and 2 3rd owned by the privat group one of ukraine s largest business and banking groups . 7 in a special shareholder meeting on october 15 2015 forest city shareholders voted to convert the company from a c corporation to an reit real estate investment trust mainly for tax related purposes . the newly reorganized company will maintain its corporate headquarters in tower city in downtown cleveland but the corporate home will be in maryland a state whose laws are very complimentary to reits . 8 projects edit forest city enterprises developed the new york times building in new york city in 2008 . the building is one of many forest city assets . projects developed or under development by forest city include 9 8 spruce street also known as new york by gehry is named for its designer world renowned architect frank gehry . pacific park brooklyn a mixed use development in brooklyn new york . this project includes barclays center a new home for the brooklyn nets an nba basketball team owned by bruce ratner executive chairman of forest city s new york city subsidiary . central station a primarily residential development on the site of a former railroad terminal in chicago illinois . mercantile place on main a mixed use urban redevelopment project of a historical office complex in dallas texas . mesa del sol planned for 100 000 inhabitants in albuquerque new mexico is forest city s largest mixed use development co owned by covington capital partners . new york times building a 52 story building designed by architect renzo piano . northfield stapleton is an open air 1 200 000 square foot 110 000 m2 retail town center located at the company s stapleton international airport mixed use redevelopment project in denver colorado . public health service hospital district in san francisco s presidio . showcase mall a shopping center on the las vegas strip . 10 short pump town center a massive outdoor mall in richmond virginia . station square a 52 acre 210 000 m2 indoor and outdoor shopping dining and entertainment complex located in pittsburgh pennsylvania . tower city center a mixed use urban redevelopment project that transformed the mostly vacant union terminal building in downtown cleveland into a mall transit office and hotel structure . university park at mit a mixed use urban redevelopment project located on an abandoned industrial site near the massachusetts institute of technology in cambridge massachusetts . victoria gardens a mixed use shopping center development in rancho cucamonga california . westfield san francisco centre an upscale urban shopping center located in san francisco california and co owned and managed by the westfield group . awards edit 2005 honor award from the national building museum for revitalization efforts and creation of affordable housing . 11 2005 uli award for excellence for the university park at mit project 12 associations edit it is a member of rebny . 13 references edit a b c forest city enterprises inc. fce a . yahoo finance . forest city enterprises overview . forest city enterprises . forest city enterprises inc . bloomberg . retrieved 21 march 2013 . forest city enterprises company overview . wall st journal . retrieved 4 april 2013 . forest city enterprises cleveland plain dealer the most important guy you ve never heard of chaim schochet 25 builds downtown cleveland empire by michelle jarboe mcfee february 04 2012 jarboe michelle 20 october 2015 . forest city shareholders approve company s reit conversion plan . the plain dealer cleveland oh . retrieved 7 december 2015 . forest city enterprises monica caruso december 14 1996 . showcase hopes to be real thing . las vegas review journal via newsbank . a salute to forest city enterprises press release . national building museum . 2005 06 01 . university park at mit wins urban land institute s 2004 awards for excellence press release . university park . 2005 01 03 . member firms . rebny.com . external links edit official website v t e brooklyn nets founded in 1967 formerly the new jersey americans 1967 1968 ; played in new york 1968 1977 and new jersey 1977 2012 based in brooklyn new york franchise franchise history aba nba merger all time roster draft history records head coaches seasons current season arenas teaneck armory long island arena island garden nassau veterans memorial coliseum rutgers athletic center izod center prudential center barclays center personnel owners mikhail prokhorov majority owner bruce ratner minority president irina pavlova general manager sean marks head coach kenny atkinson general managers basel theokas carnesecca boe debusschere mackinnon schaffel weltman reed calipari nash thorn stefanski vandeweghe king marks d league affiliate springfield armor 2011 14 long island nets beginning in 2016 17 retired numbers 3 5 23 25 32 52 aba finals appearances 1973 1974 1976 nba finals appearances 2002 2003 rivalries new york knicks culture and lore just wright brooklyknight marv albert erving for 6 million forest city enterprises media tv wwor tv yes network radio wfan am announcers ian eagle mike fratello ryan ruocco jim spanarkel donny marshall chris carrino tim capstraw retrieved from https en.wikipedia.org w index.php title forest city enterprises & oldid 743405513 categories forest city realty trustcompanies listed on the new york stock exchangereal estate companies of the united statescompanies based in clevelandcompanies established in 1920 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 14 14 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . 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