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News Breaks | | | | October 22, 2012 | | 09:26 EDT |  | ALX, MAC | Alexander's to sell Kings Plaza Mall for $751M to Macerich
ALEXANDER’S (ALX) has entered into an agreement to sell the Kings Plaza Mall, Brooklyn, New York to The Macerich Company (MAC), for $751M. Net proceeds from the sale will be approximately $481M after repaying the existing loan and closing costs. The financial statement gain will be approximately $602M. The tax gain will be approximately $624M, which is expected to be paid out to stockholders as a special long-term capital gain dividend. | |
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News For ALX;MAC From The Last 14 Days Check below for free stories on ALX;MAC the last two weeks. |
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| June 13, 2013 | | 10:05 EDT |  | MAC | On The Fly: Analyst Upgrade Summary
 Subscribe for More Information | | | 09:12 EDT | | MAC | Macerich upgraded to Buy from Hold at KeyBanc
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