Latest news with #SLGreen
Business Journals
3 days ago
- Business
- Business Journals
Tom Ford to relocate New York City headquarters
Listen to this article 2 min Tom Ford Fashion is relocating its New York City headquarters. The design house has signed a 10-year, 11,000-square-foot lease at 500 Park Ave., the former Pepsi-Cola headquarters building. The company is currently headquartered at 595 Madison Ave. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Tom Ford's lease signing on the sixth floor makes 500 Park Ave. 100% leased, according to a statement from the property's owner, SL Green Realty Corp. (NYSE: SLG). The building's "location and boutique quality continue to attract luxury, international, financial and other world-class companies seeking a best-in-class experience," said Steven Durels, executive vice president and director of leasing and real property at SL Green, in a statement. Tom Ford has two retail locations in Manhattan at 672 Madison Ave. and 611 5th Ave. The asking price of the transaction was not disclosed. In Midtown Manhattan, office landlords are seeking an average of $83.67 per square foot, according to Avison Young. Notable tenants at the 201,000-square-foot office building include Vera Wang, The Georgetown Co. and Friedland Properties. SL Green bought 500 Park Ave. last November for $130 million and plans an extensive lobby renovation. As of March, SL Green has ownership interests covering more than 27 million square feet of Manhattan buildings. Tom Ford was represented in the lease signing by Savills' David Goldstein, Jarod Stern and Sam Mann. JLL's Frank Doyle, Cynthia Wasserberger and Michael Pallas represented SL Green. Sign up for the Business Journal's free daily newsletter to receive the latest business news impacting New York.
Bloomberg
7 days ago
- Business
- Bloomberg
NYC Buildings in Midtown, SoHo Are Going Up for Sale by SL Green
SL Green Realty Corp. is marketing two Manhattan buildings for sale as demand for the city's office properties heats up. The landlord hired brokerage Eastdil Secured to market 110 Greene St., a SoHo office building with a Balenciaga store, and 690 Madison Ave., a property just one block from Central Park that houses jeweler Van Cleef & Arpels, according to marketing materials viewed by Bloomberg.
Globe and Mail
19-05-2025
- Business
- Globe and Mail
SL Green Realty Corp. Announces Common Stock Dividend
NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.2575 per share of common stock, which is the equivalent of an annualized dividend of $3.09 per share. The dividend is payable in cash on June 16, 2025 to shareholders of record at the close of business on May 30, 2025. About SL Green Realty Corp. SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of March 31, 2025, SL Green held interests in 55 buildings totaling 30.8 million square feet. This included ownership interests in 27.2 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. Forward Looking Statement This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including such matters as future capital expenditures, dividends and acquisitions (including the amount and nature thereof), development trends of the real estate industry and the New York metropolitan area markets, occupancy, business strategies, expansion and growth of our operations and other similar matters, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or the negative of these words, or other similar words or terms. Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.
Yahoo
16-05-2025
- Business
- Yahoo
SL Green (SLG) Up 10.7% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for SL Green (SLG). Shares have added about 10.7% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is SL Green due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. It turns out, fresh estimates have trended downward during the past month. At this time, SL Green has a poor Growth Score of F, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions has been net zero. Notably, SL Green has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SL Green Realty Corporation (SLG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
16-05-2025
- Business
- Bloomberg
Pinterest Is in Talks to Lease Offices at NYC's 11 Madison Tower
Pinterest Inc. is in talks to take office space at Manhattan's 11 Madison Ave. The tech firm is negotiating a deal for roughly 80,000 square feet (7,430 square meters) of office space at the tower owned by SL Green Realty Corp. and PGIM Real Estate, according to people familiar with the matter.
