Alexander's Inc V.ALX

Primary Symbol: ALX

Alexander's, Inc. is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). It has five properties in New York City consisting of 731 Lexington Avenue, a 1,079,000 square foot multi-use building comprising the entire block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan; Rego Park I, a 338,000 square foot shopping center, is located on Queens Boulevard and 63rd Road in Queens; Rego Park II, a 616,000 square foot shopping center, is located adjacent to the Rego Park I shopping center in Queens; Flushing, a 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens, and The Alexander apartment tower, located above its Rego Park II shopping center, contains 312 units aggregating 255,000 square feet.

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Alexander's Inc > CVE looking to sell Weyburn assets.. Spartan?

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Post by EstevanOutsideron Jul 13, 2017 2:03am

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Post# 26463431

CVE looking to sell Weyburn assets.. Spartan?

Anyone think Spartan might try to acquire these due to the proximity and light oil?

https://www.bnn.ca/cenovus-expects-up-to-2-5-billion-from-sale-of-weyburn-palliser-assets-report-1.803362

I think they are good assets but I am afraid the stock price will collapse as is the trend of late with acquisitions.

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