Welcome to our dedicated page for Sl Green Rlty news (Ticker: SLG), a resource for investors and traders seeking the latest updates and insights on Sl Green Rlty stock.
SL Green Realty Corp. (NYSE: SLG) is a fully integrated REIT that describes itself as Manhattan’s largest office landlord, with a portfolio focused on commercial properties in New York City. The news flow around SL Green often centers on Manhattan office leasing, acquisitions and dispositions of major towers, and financing transactions tied to its properties and credit investments.
On this page, readers can follow company announcements about transactions such as the acquisition of Park Avenue Tower, joint venture arrangements at 100 Park Avenue, and consolidation of ownership at 800 Third Avenue. SL Green also reports on contracts to purchase development sites like 346 Madison Avenue and adjacent parcels, highlighting its ongoing activity in Midtown Manhattan and along Park Avenue.
Regular updates include leasing milestones across the Manhattan office portfolio, with details on new leases, expansions and renewals for tenants in sectors such as financial services, professional services and technology. The company also issues press releases on office leasing volume, same-store occupancy targets and notable tenant commitments at buildings including One Madison Avenue, 11 Madison Avenue, 245 Park Avenue, 280 Park Avenue, 1185 Avenue of the Americas and others.
Investors can also see capital markets and corporate news, including refinancings of large office assets, the launch and deployment of the SLG Opportunistic Debt Fund, and changes to dividend policies for common and preferred stock. Earnings release dates, conference call information and institutional investor conference details are regularly announced, giving context to SL Green’s financial performance and strategy. For anyone tracking SLG, this news feed provides a centralized view of the company’s property-level activity, leasing trends and financing decisions in Manhattan commercial real estate.
SL Green Realty Corp has completed the sale of an 11.0% interest in One Vanderbilt Avenue to Mori Building Co at a gross valuation of $4.7 billion. Following the transaction, SLG maintains a 60.0% ownership stake in the property. The 1.7 million-square-foot skyscraper, standing 1,401 feet tall in Manhattan, is 100% leased and houses premier finance, technology, law, and real estate firms. The building features SUMMIT One Vanderbilt observation experience, two Michelin-starred restaurants, and direct connection to Grand Central Terminal.
SL Green Realty Corp has successfully modified and extended the $742.8 million mortgage on 1515 Broadway. The extension pushes the maturity date by three years to March 2028, maintaining the interest rate at 3.93%. The 54-story office tower, located in Times Square, is fully leased to Viacom and houses the Minskoff Theatre. SL Green, in partnership with Caesars Entertainment and Roc Nation, is pursuing a proposal to transform the property into Caesars Palace Times Square, competing for one of three downstate New York gaming licenses expected to be awarded in 2025.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has declared a monthly ordinary dividend of $0.25 per share of common stock, equivalent to an annualized dividend of $3.00 per share. The dividend will be paid in cash on December 16, 2024 to shareholders of record as of November 29, 2024.
SL Green Realty Corp has secured a significant 72,515 square-foot, 10-year lease with Verition Group NY at 245 Park Avenue. The hedge fund will expand its space by 34,413 square feet, moving from the 35th floor to occupy the entire 14th and 15th floors. This deal brings the building's occupancy to 92.5% and increases SL Green's total office leases for the year to 3,002,971 square feet.
The property is undergoing a transformative redevelopment, including a new lobby, renovated plazas, new windows, and terracotta facade updates. New amenities will feature a wellness center, golf lounge, upscale cafe by Michelin star chef Daniel Boulud's team, and a rooftop garden with city views.
SL Green Realty Corp (NYSE:SLG), Manhattan's largest office landlord, has announced a monthly ordinary dividend of $0.25 per share of common stock. This is equivalent to an annualized dividend of $3.00 per share. The dividend will be paid in cash on November 15, 2024 to shareholders of record at the close of business on October 31, 2024. This announcement demonstrates SL Green's commitment to providing regular returns to its shareholders, maintaining its position as a significant player in the Manhattan office real estate market.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has announced a significant 924,876 square foot renewal and expansion lease with Bloomberg, L.P. at 919 Third Avenue. The transaction includes a 749,035-square-foot, 11-year lease extension starting March 1, 2029, and an expansion of 175,841 square feet with a new 15-year lease.
This lease contributes to SL Green's strong leasing momentum in 2024, with 150 Manhattan office leases totaling 2,795,746 square feet signed to date. The company expects to sign more than 3.3 million square feet of Manhattan office leases in 2024 and increase Manhattan same-store office occupancy to 92.5% by December 31, 2024.
919 Third Avenue is a 1.5 million-square-foot, 47-story office tower that recently underwent extensive renovations. The deal was brokered by CBRE teams representing both Bloomberg and SL Green.
SL Green Realty Corp (NYSE:SLG), Manhattan's largest office landlord, has announced its latest dividend declarations. The company's board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, equivalent to an annualized dividend of $3.00 per share. This dividend will be paid in cash on October 15, 2024, to shareholders of record as of September 30, 2024.
Additionally, the board declared a quarterly dividend on the Series I Preferred Stock of $0.40625 per share, equivalent to an annualized dividend of $1.625 per share. This preferred stock dividend covers the period from July 15, 2024, through October 14, 2024, and will also be paid on October 15, 2024, to shareholders of record as of September 30, 2024.
SL Green Realty Corp (NYSE: SLG), Manhattan's largest office landlord, has announced the release of its third quarter 2024 financial results on October 16, 2024 after market close. The company will host a conference call and audio webcast on October 17, 2024 at 2:00pm ET to discuss the results. The executive management team, led by Marc Holliday, Chairman and CEO, will present the financial data.
Supplemental data will be available on the company's website simultaneously with the earnings release. The live conference call will be webcast in listen-only mode, with a replay available later. Research analysts wishing to participate must register in advance through a provided link.
SL Green Realty Corp (NYSE: SLG), New York City's largest office landlord, has announced its participation in the BofA Securities 2024 Global Real Estate Conference on September 11, 2024. Key executives, including Matt DiLiberto (CFO), Harrison Sitomer (CIO), and Steven Durels (EVP and Director of Leasing and Real Property), will engage in a roundtable discussion at 1:30 PM ET.
The event will be accessible via a live audio-webcast in listen-only mode. Presentation materials will be available before the webcast in the Investors' section of SL Green's website. A replay of the audio-webcast will also be provided. This participation underscores SL Green's commitment to investor relations and market presence in the real estate sector.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has announced a monthly ordinary dividend of $0.25 per share of common stock. This is equivalent to an annualized dividend of $3.00 per share. The dividend will be paid in cash on September 16, 2024 to shareholders of record as of the close of business on August 30, 2024. This announcement demonstrates SL Green's commitment to providing regular returns to its shareholders, which could be seen as a positive sign for investors interested in income-generating real estate investments.