Seaport Entertainment Group Announces Agreement to Sell 250 Water Street Development Project to Tavros for $150.5 Million
NEW YORK--(BUSINESS WIRE)--Seaport Entertainment Group (NYSE: SEG) announces agreement to sell 250 Water Street development for $150.5 million; closing expected by end of 2025.
What are the key closing conditions and timeline risks that could affect the expected endâ2025 completion date?
What valuation multiple does this sale represent compared to similar development asset transactions in the entertainment realâestate sector?
How will the $150.5âŻmillion proceeds impact Seaport Entertainment Group's balance sheet and future capital allocation?
5 days ago