EXHIBIT 99.1

CONTACT:   JOSEPH MACNOW
           (201) 587-8541

                                                        [ALEXANDER'S, INC. LOGO]

                                                        210 Route 4 East
                                                        Paramus, NJ 07652

FOR IMMEDIATE RELEASE - September 29, 2004

            ALEXANDER'S ANNOUNCES LIVE WEBCAST

PARAMUS, NEW JERSEY.......ALEXANDER'S, INC. (New York Stock Exchange:ALX) today
announced that Vornado Realty Trust (NYSE:VNO), the manager which conducts
Alexander's operations, will host an investor conference on October 5, 2004 at
2:00 P.M. EDT. At the conference, information concerning Alexander's may be
discussed. The conference will be webcast live by Vornado Realty Trust and the
webcast and materials presented at the conference can be accessed at Vornado
Realty Trust's website www.vno.com. A replay of the conference will be available
from October 6, 2004 through November 5, 2004, at the above website.

To ensure your computer's compatibility, please go to the Webcast Registration
Page link to review the application viewing requirements. If your computer does
not meet system or software requirements, the following call-in number will be
available 888-481-3045, user passcode 102004.

Alexander's, Inc. is a real estate investment trust which has six properties in
the greater New York City metropolitan area.

Certain statements contained or incorporated herein and in the investor
conference referred to in this release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of Alexander's, Inc. to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, risks associated
with the timing of and costs associated with property improvements, financing
commitments and general competitive factors.

More detailed information about these and other factors is set forth in
Alexander's, Inc.'s Annual Report on Form 10-K for the fiscal year ended
December 31, 2003 and in its Quarterly Report on Form 10-Q for the fiscal
quarter ended June 30, 2004. Alexander's, Inc. is under no obligation to, and
expressly disclaims any such obligation to, update or alter its forward-looking
statements.

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