SL Green Realty
| Company type | Public company |
|---|---|
| NYSE: SLG S&P 500 Index component | |
| Industry | Real estate investment trust |
| Founded | 1997 |
| Founder | Stephen L. Green |
| Headquarters | |
Key people | Stephen L. Green, Chairman Marc Holliday, CEO Andrew W. Mathias, President Matthew J. DiLiberto, CFO[1] |
| Revenue |  $1.863 billion (2016)[1] |
 $0.278 billion (2016)[1] | |
| Total assets | $15.857 billion (2016)[1] |
| Total equity | $7.750 billion (2016)[1] |
Number of employees | 1,075 (2016)[1] |
| Website | www |
SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City.
Investments
Notable properties owned by the company are:[1]
- One Astor Plaza / 1515 Broadway - 1,330,735 square feet leased to Viacom
- One Vanderbilt
- 461 Fifth Avenue
- 810 Seventh Avenue
- 919 Third Avenue
- Daily News Building / 220 East 42nd Street
History
The company's predecessor, S.L. Green Properties, Inc., was formed in 1980 by Stephen L. Green.[1]
In 1997, the company was formed as a successor.[1]
In November 2004, the company sold The Knickerbocker Hotel (Manhattan) for $160 million.[2]
In 2005, the company acquired the Metropolitan Life Insurance Company Tower for $916 million and converted the building into condominiums.[3]
In 2006, the company acquired Reckson Associates in a $4 billion transaction.[4]
In December 2007, the company acquired 388 Greenwich Street from Citigroup in a leaseback transaction.[5] Citigroup reacquired the building in 2016.[6]
In March 2008, the company sold 1250 Broadway for $310 million.[7]
In 2011, the company sold One Court Square to Israeli investors.[8]
In February 2012, the company acquired 724 Fifth Avenue.[9]
In November 2014, the company acquired 102 Greene Street for $32.3 million.[10]
In July 2015, the company acquired 187 Broadway and 5-7 Dey Street for $63.7 million.[11] The company also announced the sale of Tower 45, the office building located at 120 West 45th Street, for $365.0 million and the joint venture of 131-137 Spring Street, based on a property value of $277.8 million.[12]
In August 2017, the company sold the Montague-Court Building for $171.0 million. The company had bought the property for $107.5 million in 2007 and made significant upgrades.[13]
References
- ^ a b c d e f g h i SL Green Realty Corp. 2016 Form 10-K Annual Report
- ^ Stoler, Michael (April 20, 2006). "Condos, New Retail To Be Added to Times Square Mix". The New York Sun.
- ^ Lueck, Thomas J. (March 31, 2005). "$1 Billion Deal Turns MetLife Into Condos". The New York Times.(subscription required)
- ^ Deutsch, Claudia H. (August 4, 2006). "SL Green Acquires Reckson Associates for $4 Billion". The New York Times.
- ^ Burr, Andrew C. (December 5, 2007). "Citigroup Sells Pair of NYC Office Buildings in $1.5 Billion Deal With SL Green". CoStar Group.
- ^ "SL Green & Citi Reach Agreement on Early Purchase of 388-390 Greenwich Street" (Press release). Business Wire. April 20, 2016.
- ^ "SL Green Announces Sale of 1250 Broadway" (Press release). Business Wire. March 4, 2008.
- ^ "SL Green's One Court Square purchased by Israeli investors". The Real Deal. November 9, 2011.
- ^ "SL Green Acquires 724 Fifth Avenue" (Press release). Business Wire. February 1, 2012.
- ^ "SL Green buys 102 Greene Street for $32M". The Real Deal. November 4, 2014.
- ^ "SL Green Announces Acquisition of Mixed-Use Properties in Downtown Manhattan" (Press release). Business Wire. July 21, 2015.
- ^ "SL Green Announces Sale of Tower 45 and Joint Venture of SoHo Property" (Press release). Business Wire. July 13, 2015.
- ^ "SL Green Announces Sale of 16 Court Street in Brooklyn, NY" (Press release). Business Wire. August 10, 2017.
External links
- Business data for SL Green Realty Corp.: