Exhibit 21

PARENTS AND SUBSIDIARIES

The voting securities of the subsidiaries below are in each case owned by
Forest City Enterprises, Inc. except where a subsidiary's name is indented, in
which case that subsidiary's voting securities are owned by the next preceding
subsidiary whose name is not so indented. All subsidiaries of the parent,
except those which are 50%-owned, are included in the consolidated financial
statements of the Registrant.

PERCENTAGE
OF
VOTING
SECURITIES
OWNED BY
IMMEDIATE STATE OF
NAME OF SUBSIDIARY PARENT INCORPORATION
- --------------------------------------------------------- ------------ -------------

Forest City Rental Properties Corporation 100 Ohio
Bear Valley II, Inc. 100 Ohio
Center Courtland, Inc. 100 Ohio
F.C. Canton Centre, Inc. 100 Ohio
F.C. Irvine, Inc. 100 California
F.C. Park Labrea Towers, Inc. 100 Ohio
Tower City Retail, Inc. 100 Ohio
FL -- Pembroke, Inc. 100 Florida
Forest City 64 Sidney Street, Inc. 100 Ohio
Forest City B.U.G. Building, Inc. 100 New York
Forest City Central Station, Inc. 100 Ohio
Forest City Commercial Construction, Inc. 100 Ohio
Forest City East Coast, Inc. 100 New York
Forest City Finance Corporation 100 Ohio
Forest City Galaxy, Inc. 100 Nevada
Forest City Commercial Management, Inc. 100 Ohio
Forest City Peripheral Land, Inc. 100 Delaware
Forest City Rental Properties Corporation of Nevada,
Inc. 100 Nevada
Forest City Robinson Mall, Inc. 100 Delaware
Robinson Mall, Inc. 100 Pennsylvania
Forest City San Jose, Inc. 100 California
Forest City S.I.A.C. Building, Inc. 100 New York
Forest City Southpark Two, Inc. 100 California
Terminal Investments, Inc. 100 Ohio
Tower City Land Corporation 100 Ohio
Forest City Residential Group, Inc. 100 Ohio
Forest City Residential, Inc. 100 Ohio
Forest City Residential Management Inc. 100 Ohio
Forest City Equity Services Inc. 100 Ohio
Forest City Capital Corporation 100 Ohio
Forest City Franklin Town Corp. 100 Ohio
Forest City Residential West, Inc. 100 California
Forest City Trading Group, Inc. 100 Oregon
Sunrise Development Company 100 Ohio
Sunrise Land Company 100 Ohio
FC -- Granite, Inc. 100 Ohio

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Omitted are certain subsidiaries that, considered in the aggregate as a
single subsidiary, would not constitute a "significant subsidiary" as of January
31, 1997.