sl green realty corp (SLG) Key Developments
SL Green Realty Corp. Announces Dividend on Common Stock and Preferred Stock for Second Quarter 2015, Payable on July 15, 2015
Jun 16 15
SL Green Realty Corp. announced that its board of directors has declared the quarterly dividend of $0.60 per share of common stock. The dividend is payable on July 15, 2015 to shareholders of record at the close of business on June 30, 2015. The board of directors also declared the regular quarterly dividend on the company's Series I Preferred Stock for the period April 15, 2015 through and including July 14, 2015, of $0.40625 per share, which is the equivalent of an annualized dividend of $1.625 per share. The dividend will be payable July 15, 2015 to shareholders of record at the close of business on June 30, 2015.
New York City Council Grants Final Approval to SL Green's One Vanderbilt Office Tower
May 27 15
SL Green Realty Corp. announced that the New York City Council approved plans for its 63-story One Vanderbilt office tower. Located directly west of Grand Central Terminal, construction of One Vanderbilt is expected to commence immediately, beginning with the demolition of the site. One Vanderbilt is bounded by Vanderbilt Avenue and Madison Avenue between East 42nd and East 43rd Streets. The 63-story skyscraper will be 1,501 feet tall and contain 1.6 million square feet of Class A commercial space. Designed by Kohn Pedersen Fox (KPF), One Vanderbilt's architecture and building materials pay homage to the landmarked Terminal and the surrounding East Midtown business district. One Vanderbilt features open floor plans, efficient use of space, and the high level of sustainable design in New York City. SL Green will invest an unprecedented $220 million in public infrastructure, constructing new, direct subway access points and circulation areas, easing platform and mezzanine crowding and allowing trains to move more quickly through the station at peak hours. Approximately two thirds of the $220 million in public infrastructure funding will go to enhancing connections and circulation spaces along the Lexington Avenue 4/5/6 subway line. One Vanderbilt will also create direct subgrade connections to Long Island Railroad East Side Access, Metro North and New York City Transit subway lines. Under this agreement, SL Green will create a new public plaza on Vanderbilt Avenue adjacent to the Terminal as well as two transit halls at the base of the tower. The full package of improvements is projected to be finished by 2021, concurrently with the completion of the building.
SL Green Realty Corp. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015
May 23 15
SL Green Realty Corp. Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-09-2015 . Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.
SL Green Realty Corp. Enters a Deal to Buy 11 Madison Ave. in Manhattan's Midtown South, N.Y
May 20 15
SL Green Realty Corp. announced that it inked a definitive agreement to buy 11 Madison Ave. in Manhattan's Midtown South, N.Y., for $2.29 billion. The price is exclusive of about $300 million in costs associated with lease stipulated improvements to the property. A joint venture of the Sapir Organization and CIM Group is selling the 29-story class A office property measuring 2.3 million square feet. The property will serve as the new headquarters for Sony Corp. of America. Other tenants include Yelp, Young & Rubicam, William Morris Endeavor Entertainment and Fidelity Investments, among others. The transaction should close in the third quarter, subject to customary closing conditions.
Parimala Rao Joins Senior Vice President of Information Technology of SL Green Realty Corp
Apr 27 15
SL Green Realty Corp. announced that Parimala Rao has joined the company as senior vice president of information technology. Mrs. Rao brings twenty years of experience to the position. Most recently, Mrs. Rao served as executive director of technology at The New York Times where she was awarded the Publisher's Award for Technology Innovation.