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May 14, 2012
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| 08:02 EDT |  | FCE.A |
| theflyonthewall.com: | Forest City confirms exploring potential recapitalization of apartment tower | | Forest City confirmed that Forest City and National Real Estate Advisors, partners in the ownership of 8 Spruce Street in Lower Manhattan, have retained CBRE to explore the possibility of bringing a minority partner into the ownership of this iconic Frank Gehry-designed, 899-unit apartment tower. Both Forest City and NREA remain fully committed to the property and expect to retain substantial ownership positions. :theflyonthewall.com |
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