secwatch.observer — SEC 8-K summary
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Issuer:     ALEXANDERS INC (ALX)
CIK:        0000003499
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0000003499-23-000021
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alexander's completes sale of Rego Park III land parcel for $71M; expects $54M gain
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- Sold Rego Park III land parcel in Queens, NY for $71 million, inclusive of Brownfield tax benefits and cost reimbursement.
- Expects a financial statement gain of approximately $54 million from the sale.
- Property comprises 670,000 buildable sq ft in an Opportunity Zone, vested for 421a Affordable Housing Program.
- Shareholders re-elected three directors and recommended, via non-binding vote, an advisory vote on exec compensation every three years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3499/000000349923000021/0000003499-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3499/000000349923000021/alx-20230518.htm
  HTML page:      https://secwatch.observer/filing/0000003499-23-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer