Forest City Offers Westfield San Francisco Centre Tour to NAREIT Attendees.

CLEVELAND -- Forest City Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) today announced a tour of the new 1.5-million-square-foot San Francisco Centre retail/office project in downtown San Francisco. The investment community tour will be held from 1 to 3 p.m. on November 7, 2006, during the NAREIT Annual Convention in San Francisco.

The tour will begin with lunch and a presentation, followed by a walking tour of the retail center. The National Association of Real Estate Investment Trusts (NAREIT) convention is being held November 8-10 at the nearby San Francisco Marriott.

Jointly developed and owned by Forest City and Westfield America, Westfield San Francisco Centre is anchored by the West Coast flagship of Bloomingdale's and the country's second-largest Nordstrom. It also offers a mix of 170 specialty stores and exclusive boutiques, a Century Theatres, an international gourmet grocery store and 14 casual restaurants. The tour will showcase the redevelopment of the historic Emporium department store building, which now connects to the original San Francisco Centre at five levels. The project, which represents a 10-year effort, features the historic elements of the Emporium's landmark dome and grand faE*ade, combined with the modern architecture of Bloomingdale's and other retail areas.

Investors and analysts interested in participating in the tour can sign up at www.forestcity.net/nareit.

Corporate Description

Forest City Enterprises, Inc. is an $8.0 billion NYSE-listed national real estate company. Forest City is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.