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[8-K] ALEXANDERS INC Reports Material Event
Alexander’s, Inc. (ALX) has filed an 8-K report detailing a material event where it amended Bloomberg L.P.'s long-term lease at 731 Lexington Avenue. The amendment grants Bloomberg a rent abatement of $56,808,900 for April 1 to December 1, 2026, offset by an equivalent reduction in Bloomberg’s tenant improvement fund. A related loan agreement was also amended to create a free rent reserve account to cover debt service during the abatement period, ensuring Alexander’s cash flow stability.