SL Green Realty downgraded to Market Perform from Outperform at JMP Securities JMP Securities has a more cautious view on the office REIT sector due to sluggish payroll and economic data and believes SL Green's valuation will be range bound due to investor concerns regarding NYC office fundamentals.
News For SLG From The Last 14 Days
Check below for free stories on SLG the last two weeks.
SL Green Realty consolidates ownership of Citigroup's headquarters property SL Green Realty Corp. (SLG) announced an agreement to acquire Ivanhoe Cambridge’s stake in 388-390 Greenwich Street, thereby assuming full ownership of Citigroup Inc.’s (C) headquarters 2.6 million square foot property located in Tribeca. The transaction values the consolidated investment interest at $1.585B. Callahan Capital Properties served as an advisor to Ivanhoe Cambridge for this transaction. Closing is anticipated to occur during 2Q14.