Every material Form 8-K ALEXANDERS INC has filed with the SEC since March 31, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Alexander's completed the sale of its Rego Park I shopping center in Queens, New York, to Northwell Health, Inc. The company received $224 million at closing, after $21 million of costs it had paid before closing. It expects a financial statement gain of approximately $148 million in the second quarter.
Gross sales price of $235.5 million; net proceeds of $203 million, with $224 million received at closing
Expected financial statement gain of approximately $148 million, to be recognized in the second quarter
Tax gain of approximately $145 million: $48 million recognized in 2025 and approximately $97 million in 2026
The company describes itself as a REIT with four properties in New York City
At its May 21, 2026 annual meeting, Alexander's stockholders approved the 2026 Omnibus Stock Plan, which replaces the 2016 plan and makes 500,000 shares available for equity awards. Stockholders also re-elected three directors, approved executive compensation in a non-binding vote, and ratified Deloitte & Touche LLP as the independent auditor for 2026. The plan's share pool sets the limit on future equity awards to employees, officers and directors.
2026 Omnibus Stock Plan: 500,000 shares available, including 477,121 shares remaining under the 2016 plan; plan approved with 4,145,387 votes for and 290,016 against.
Thomas R. DiBenedetto, Mandakini Puri and Russell B. Wight Jr. re-elected to three-year terms.
Holders of approximately 93.01% of the 5,107,290 eligible shares were present or represented by proxy.
Alexander's subsidiary 731 Office One LLC agreed on March 31, 2026 to a Tenth Amendment of Bloomberg L.P.'s lease at the 731 Lexington Avenue property. Bloomberg receives a $56,808,900 rent abatement for April 1 to December 1, 2026, and its tenant improvement fund is cut by the same amount, from $113,617,800 to $56,808,900. A related loan amendment uses a free rent reserve to cover Bloomberg's monthly base rent for debt service during the abatement period, while Bloomberg's February 8, 2040 lease expiration and full-building lease are unchanged.
Rent abatement of $56,808,900 covers April 1, 2026 to December 1, 2026.
Bloomberg's tenant fund for improvements falls from $113,617,800 to $56,808,900.
Loan amendment sets up a free rent reserve of $56,808,900, of which about $53.9 million was already held in a lender reserve account.
Bloomberg's lease expiration remains February 8, 2040, and it continues to lease the entire office condominium.
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