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To lift their sagging stock, some companies turn to financial face-lifts

To lift their sagging stock, some companies turn to financial face-lifts

Commercial landlord Cedar Realty Trust has had a tough year. To save about $500,000 in annual rental costs, the unprofitable Long Island retail-property owner plans to relocate next year, moving its headquarters from a Port Washington office building to what management described as an “essentially unrentable” space in the back of a Massapequa shopping center. “This is a terrific G&A savings opportunity,”...

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Bruce Schanzer Cedar Realty Long Island Port Washington Wall Street Zizmor