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Alexander's history
Alexander's company history timeline
In 1928, George Farkas, a Brooklyn native, opened a store on Third Avenue in the Bronx with $7,500 and named it for his deceased father, Alexander.
The chain thrived even during the Great Depression, and opened a location on Fordham Road and the Grand Concourse in The Bronx in 1933.
In February 1959, the company opened a store in Rego Park, Queens.
In 1963, the company opened its flagship store on 59th street in Manhattan after it bought the land from a company controlled by Joseph P. Kennedy Sr. for what seemed like a high price of $125 per square foot.
In December 1968, Alexander's became a public company via an initial public offering, raising $41.17 million, in part to prevent a takeover from competitor E. J. Korvette.
In 1980, after a proxy fight, Interstate Properties, controlled by Steven Roth, took control of the company, seeking to maximize the value of its real estate.
In 1981, management attempted to expand offerings beyond leisure apparel.
In 1986, Donald Trump bought approximately 20% of the company.
1987 was the last year in which the company made a profit from its retail operations.
In 1992, Roth and creditors forced the company into bankruptcy and the company shut all 11 stores on May 15, 1992, laying off 5,000 people.
In 1993, the company emerged from bankruptcy.
In 1995, Vornado Realty Trust bought the interest from Citicorp (formerly owned by Donald Trump) for $54.8 million.
In November 2012, the company sold the Kings Plaza mall in Brooklyn to Macerich for $751 million and used the proceeds to pay a $122 per share dividend to stockholders.
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Alexander's competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Richter | 1999 | $15.0M | 175 | 2 |
| Graham Holdings | 1947 | $4.8B | 11,500 | 39 |
| Riverstone Holdings | - | $55.2M | 100 | - |
| Kls Diversified Asset Management Lp | - | $490,000 | 2 | - |
| Corporate Office Properties Trust | 1988 | $753.3M | 394 | 803 |
| Jordan Company | 1982 | $26.7M | 26 | 13 |
| Castro & Company | 2004 | $1.0M | 50 | 8 |
| Milligan & Company | 1985 | $1.4M | 20 | - |
| Paulson’s | 1994 | $6.6M | 35 | - |
| Walsh & Company | - | - | - | 1 |
Alexander's history FAQs
Zippia gives an in-depth look into the details of Alexander's, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Alexander's. The employee data is based on information from people who have self-reported their past or current employments at Alexander's. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Alexander's. The data presented on this page does not represent the view of Alexander's and its employees or that of Zippia.
Alexander's may also be known as or be related to Alexander Company, Inc., Alexander s Inc., Alexander's, Alexander's Inc, Alexander's Inc., Alexander's, Inc, Alexander's, Inc. and Alexanders.