Melville-Based Reckson Associates Realty Corp. Drawing Attention
Long Island Business News › August 04, 2006
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Summary
The kid-sized baseball glove in Scott Rechler's office was a joke gift, but the developer may end up having the last laugh.
Rechler, head of homegrown Reckson Associates Realty Corp., received the glove earlier this year, days before he and partner Charles Wang scored the rights to redevelop the Nassau Veterans Memorial Coliseum. Competitor Ed Blumenfeld sent the glove with a note: Keep practicing and you can play on our team.See the full content of this document
Extract
Melville-Based Reckson Associates Realty Corp. Drawing Attention
After winning the Hub derby, Rechler now plans to take his team private in a deal analysts say could top $4 billion.
The company has hired Goldman Sachs as an adviser and Wall Street has interpreted the move as a harbinger of a sale.Several competitors are said to be interested - there's even speculation that a hostile takeover atte...See the full content of this document
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