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. reports developments tied to its role as a Manhattan-focused office real estate investment trust and landlord. News commonly covers office leasing activity across major New York properties, asset management assignments through Green Property Services, development and adaptive reuse projects such as One Madison Avenue, and portfolio exposure to office and select retail real estate.
Company updates also include dividend actions, credit facility refinancing, debt fund and capital-platform activity, operating and financial results, and governance or leadership changes. These announcements reflect SL Green’s recurring focus on leasing, financing, portfolio management, and shareholder distributions within the Manhattan commercial real estate market.
SL Green Realty Corp (NYSE: SLG), Manhattan's largest office landlord, has announced the closure of three property sales totaling $691.4 million. The transactions include:
1. 625 Madison Avenue: Sold for $634.6 million, with SLG originating a $235.5 million preferred equity investment.
2. 719 Seventh Avenue in Times Square: Sold for $30.5 million.
3. Palisades Premier Conference Center: Sold for $26.3 million.
These sales generated net proceeds of $222.7 million, which the company used for corporate debt repayment. Brett Herschenfeld, Executive VP of Retail & Opportunistic Investments, stated that these strategic transactions demonstrate progress towards SLG's 2024 business goals amidst an improving market backdrop.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has announced 66,014 square feet of new retail leases since Q1 2024, achieving full retail occupancy at One Madison Avenue. The development features high-profile tenants including La Tête d'Or by Daniel Boulud, Delicious Hospitality Group, Los Tacos No. 1, Sweetgreen, Alidoro, and Jōji Box. These join the existing anchor tenant, Chelsea Piers, set to open in August 2024.
Additional notable leases include Brasserie Cognac at 461 Fifth Avenue and Chase Bank's renewal at 810 Seventh Avenue. The strong leasing activity reflects the demand for quality retail space in New York City, driven by increased foot traffic and tourism.
SL Green Realty Corp., Manhattan's largest office landlord, has announced the sellout of the Giorgio Armani Residences at 760 Madison Avenue on the Upper East Side. All 10 luxury residential units are now under contract for a total gross consideration of $168.2 million. The sales are expected to close in the fourth quarter of 2024.
The development, a collaboration between SL Green, Giorgio Armani, COOKFOX architecture firm, and Victoria Hagan as creative consultant, features a fluted limestone façade reflecting Armani's classic style while respecting the Upper East Side's historic aesthetic. Several units offer Central Park views and outdoor space. Douglas Elliman Development Marketing served as the exclusive marketing and sales agency.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, has announced significant leasing activity in 2024. The company signed leases totaling 420,513 square feet in Q2 and an additional 367,401 square feet in July, bringing the year-to-date total to 1,421,574 square feet. Notable leases include:
- Ares Management: 307,336 sq ft at 245 Park Avenue
- Elliot Management Corp: 149,437 sq ft at 280 Park Avenue
- Tradeweb Markets : 75,825 sq ft at 245 Park Avenue
- Golenbock Eiseman Assor Bell & Peskoe: 38,050 sq ft renewal at 711 Third Avenue
- Brightwood Capital Advisors: 17,320 sq ft renewal at 810 Seventh Avenue
SL Green maintains a pipeline of approximately 1.2 million square feet. The company notes that tenant demand is focused on upgraded, amenitized buildings near mass transit.
SL Green Realty Corp. (NYSE: SLG), the largest office landlord in Manhattan, will release its Q2 2024 financial results on July 17, 2024, after market close.
The management team, led by CEO Marc Holliday, will discuss the results in a conference call and audio webcast on July 18, 2024, at 2:00pm ET. Supplemental data will be available on the company's website, with a replay of the call also accessible online.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, announced on June 17, 2024, that its board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, amounting to an annualized dividend of $3.00 per share. The dividend is payable in cash on July 15, 2024, to shareholders of record as of June 28, 2024.
Additionally, the board declared a regular quarterly dividend of $0.40625 per share on the company's Series I Preferred Stock for the period from April 15, 2024, through July 14, 2024. This represents an annualized dividend of $1.625 per share, also payable in cash on July 15, 2024, to shareholders of record at the close of business on June 28, 2024.
SL Green Realty Corp. (NYSE: SLG), the largest office landlord in Manhattan, announced that several of its key executives will participate in a presentation at Nareit's 2024 REITweek. The event is scheduled for Tuesday, June 4, 2024, at 10:15 AM ET. Harrison Sitomer, Chief Investment Officer; Matt DiLiberto, Chief Financial Officer; and Steve Durels, EVP, Director of Leasing and Real Property, will represent SL Green. The presentation will be webcast live and can be accessed via the Investors section of SL Green's website, with a replay available afterward.
SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, announced a monthly dividend of $0.25 per share of common stock. This equates to an annualized dividend of $3.00 per share. The dividend will be paid in cash on June 17, 2024, to shareholders of record as of May 31, 2024.
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