Alexander’s to Sell Rego Park I for Net Proceeds of $202 Million
Alexander's, Inc. (ALX)
US:NYSE Investor Relations:
alx-inc.com
Company Research
Source: GlobeNewswire
PARAMUS, N.J., March 09, 2026 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) announced today that it has entered into an agreement to sell its Rego Park I property to Northwell Health, Inc. The gross purchase price is $235.5 million and the net proceeds will be $202 million. The property is unencumbered. The property is located at the intersection of Queens Boulevard and Junction Boulevard, adjacent to the Long Island Expressway, in Queens, New York. The Rego Park I property is comprised of a vacant, three-story, 338,000 gross leasable square foot structure built in 1959 and a 1,236 space parking garage, located on 5.9 acres. Alexander’s recently vacated the property by relocating tenants to its adjacent Rego Park II shopping center. The financial statement gain will be approximately $147 million and the tax gain will be approximately $145 million, of which $48 million was recognized in 2025 and approximately $97 million will be recognized in 2026. The sale is subject to custo
Show less
Read more
Impact Snapshot
Event Time:
ALX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALX alerts
High impacting Alexander's, Inc. news events
Weekly update
A roundup of the hottest topics
ALX
News
- Alexander's to Sell Rego Park I for Net Proceeds of $202 Million [Yahoo! Finance]Yahoo! Finance
- Alexander's (ALX) was downgraded by Zacks Research from "strong-buy" to "hold".MarketBeat
- Alexander's, Inc. (ALX): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Alexander's Inc (ALX) Q4 2025 Earnings Call Highlights: Navigating Market Challenges with ... [Yahoo! Finance]Yahoo! Finance
- Alexander’s Announces Fourth Quarter Financial ResultsGlobeNewswire
ALX
Earnings
- 2/9/26 - Miss
ALX
Sec Filings
- 3/9/26 - Form 8-K
- 2/12/26 - Form SCHEDULE
- 2/9/26 - Form 10-K
- ALX's page on the SEC website