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Stock Market & Financial Investment News

News Breaks
December 3, 2012
08:16 EDTSLGSL Green Realty to receive $34.3M net proceeds in sale of London office asset
SL Green Realty and its partner Westcore Properties announced the sale of the Jersey Property Unit Trust that owns a long-term leasehold interest in Procession House, a Class A office building located in London. The sale to a UK based property company for $100M closed on November 22. SL Green will receive approximately $34.3M in net proceeds from the completed transaction and realize an internal rate of return in excess of 20% on its investment. SL Green and Westcore acquired the property’s mortgage in September 2010. When the mortgage defaulted in June 2012, Green Loan Services LLC exercised remedies and put the property into receivership.
News For SLG From The Last 14 Days
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January 28, 2015
17:04 EDTSLGSL Green Realty reports Q4 FFO $1.45, consensus $1.45
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15:37 EDTSLGNotable companies reporting after market close
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January 23, 2015
10:02 EDTSLGOn the Fly: Analyst Downgrade Summary
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07:16 EDTSLGSL Green Realty downgraded to Neutral from Buy at SunTrust
SunTrust downgraded SL Green Realty to Neutral based on valuation. Price target raised to $142 from $137.
January 16, 2015
10:13 EDTSLGBofA/Merrill Office REITs analyst holds analyst/industry conference call
U.S. Office & Warehouse REIT Analyst Feldman, along with Jones Lang LaSalle (JLL) Research, Lasing and Capital Markets teams, provide a comprehensive update on leasing and capital market conditions ahead of earnings on an Analyst/Industry conference call to be held on January 20 at 11 am.

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