secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALEXANDERS INC (ALX)
CIK:        0000003499
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0000003499-26-000014
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alexander's grants Bloomberg $56.8M rent abatement for Apr-Dec 2026; tenant fund reduced
--------------------------------------------------------------------------------

- Rent abatement of $56,808,900 for period April 1, 2026 to December 1, 2026.
- Bloomberg's tenant improvement fund reduced from $113,617,800 to $56,808,900.
- Lease expiration unchanged at Feb 8, 2040; Bloomberg continues to lease entire office condominium at 731 Lexington Ave.
- Loan amendment establishes $56.8M free rent reserve account; monthly rent applied to debt service, excess to Alexander's.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3499/000000349926000014/0000003499-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3499/000000349926000014/alx-20260331.htm
  HTML page:      https://secwatch.observer/filing/0000003499-26-000014

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