General Realty & Utilities Corp. Deal - Lehman Brothers Collection
General Realty & Utilities Corp.
|Company Deal||General Realty & Utilities Corporation: organization and stock issue|
|Transaction Type||Common Stock / Preferred Stock|
|Deal Description||General Realty & Utilities Corporation issued shares of preferred stock and common stock in this transaction. The proceeds were used to provide capitalization for the company. The company's initial activities included the acquisition of unimproved property for future improvement or for resale; the construction of large buildings for investment or for sale; the purchase of improved income- producing property for investment; and the financing of real estate operations of all kinds, particularly of construction. Its real estate activities were initially centered in New York City.|
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