Business Briefs Nov 5, 2008
A firm controlled by financier Carl Icahn sued developer Harry Macklowe, claiming Macklowe reneged on a promise to fund their 2006 bid to buy six New York skyscrapers from Reckson Associates Realty. An Icahn- affiliate company said a Macklowe company failed to put up its half of 1. (New York Post -- Business)
Scott Rechler resigns from board of American Campus Communities Oct 14, 2008
He also played a key role in the company s early years as CEO of Reckson Associates Realty Corp. the majority owner of American Campus predecessor entities. Scott has been involved with American Campus since 1997 and has supported the company s dramatic growth and transformation, says CEO Bill Bayless. (Austin Business Journal, TX)
A real estate fund steers clear of New York Sep 27, 2007
SL Green became the biggest owner of New York skyscrapers in January when it bought Reckson Associates Realty. The company also bought properties in northern and Long Island suburbs, and said it would acquire the tallest office tower in Brooklyn, at 16 Court Street. (International Herald Tribune -- Business Asia)
U.S. REITs' Dealmaking; Comparing OMX to Bausch & Lomb May 30, 2007
Three failed offers --for Equity Office, Mills Corp. and Reckson Associates Realty Corp. - - account for almost half of this year's number. The bid for Archstone-Smith, based in Englewood, Colorado, from Tishman Speyer Properties LP and Lehman Brothers Holdings Inc. accounts for much of the remaining value. (Bloomberg -- Columnists)
MFS, Deutsche Bank Dump REIT Shares as Blackstone Pays Most Ever in Buyout Feb 13, 2007
5 billion acquisition of Uniondale, New York-based Reckson Associates Realty Corp., the trust whose 101 properties included five midtown Manhattan skyscrapers. Dividend yields on REITs may rebound as five-year leases on office property signed at discounts in the wake of the Sept. 11 terrorist attacks get renewed at higher prices. (Bloomberg)
Standard & Poor's Announces Changes to U.S. Indices Jan 23, 2007
Strategic Hotels ts, Inc. (NYSE: ) will replace Reckson Associates Realty Corp. (NYSE: ) in the S Composite after the close of trading on Thursday, January 25. Reckson is being acquired by S Composite constituent SL Green Realty Corp. (NYSE: ) in a deal expected to close on or about that date, pending final approvals. (PR Newswire)
They plan to win this one together Jan 22, 2007
Both are savoring their freedom in the private sphere after years in the spotlight chairing public companies; Wang at the helm of Computer Associates, Rechler at Reckson Associates Realty Corp., which is to be acquired later this week. But each comes to the table scarred and wary of betrayal, too. (Newsday -- Business)
NASDAQ Announces December Market Performance Statistics Jan 13, 2007
Reckson Associates Realty Corporation (NYSE: - ), Canetic Resources Trust (NYSE: - ), Silver Wheaton Corp. (NYSE: - ), Pengrowth Energy Trust (NYSE: - ), Interpublic Group of Companies, Inc. (NYSE: - ), Fording Inc. (NYSE: - ), Symbol Technologies Inc. ( - ), Reader's Digest Association, Inc. (NYSE: - ) Clear Channel Communications, Inc. (NYSE: - ), AT&T Inc. (NYSE: - ), Fannie Mae (NYSE: - ), American Oriental Bioengineering, Inc. (NYSE: - ), International Game Technology (NYSE: - ),... (Primezone Releases)
Rival bid may emerge to threaten Blackstone's REIT deal Jan 12, 2007
"Whilst topping bids have been rare, they are increasing and reflect the strong appetite for real estate," Feldman added, alluding to billionaire financier Carl Icahn's competing bid for REIT Reckson Associates Realty Corp. ( : RA, , , Last ... Reckson Associates Realty Corp (). (Yahoo News -- Real Estate)
Reckson selling three buildings Jan 5, 2007
January 5, 2007 Reckson Associates Realty Corp. is selling three Long Island office buildings amid reports that chairman Scott Rechler's partnership with Charles Wang may be expanding to encompass Wang's other holdings, including his mammoth "Old Plainview" mixed-use development proposal in the Town of Oyster Bay. The buildings to be sold, totaling more than 614,000 square feet, will go to a partnership between real estate heavyweights Craig Koenigsberg, Howard Parnes and Todd Menowitz. (Newsday -- Business)
