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 > takeover speculation

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Post by uogradon Mar 15, 2018 3:56pm

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Post# 27722988

takeover speculation

Nuttall mentioned it on bnn this morning and the rumour I heard is mccardy is fedup with not getting any traction and wants to sell out, play some golf do some travelling and start over in summer of 2019.

he has done this a few times before so his forte is to build and sell not to build and then build bigger which he has done here but has only caused his shareholders investments to go in the tank.

We wiil see but that rumour has been floating around town since xmas.

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