SL Green to acquire Reckson in $6B deal

SL Green Realty, one of the leading commercial landlords in New York, will acquire fellow real estate investment trust Reckson Associates Realty in a $6 billion deal that’s expected to close in January 2007. The deal has been approved by both REITs’ boards of directors, and includes the assumption by SL Green of Reckson’s approximately $2 billion in outstanding debt. more By Tom Acitelli