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Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:36 EDTPEI, VNOPennsylvania REIT agrees to acquire Springfield Town Center for $465M
PREIT (PEI) announced that it has entered into an agreement with Vornado (VNO) to acquire Springfield Town Center in Springfield, VA. Total consideration is $465M. The transaction is expected to be funded using $125M in PREIT Common and Preferred Operating Partnership Units with the balance expected to be paid in cash,
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August 21, 2014
16:57 EDTVNOVornado JV sells Georgetown Park for $272.5M
Vornado Realty Trust announced that a joint venture owned equally by Vornado’s real estate fund and its joint venture partner, a real estate fund managed by Angelo, Gordon & Co., have sold Georgetown Park for $272.5M. Vornado owns 25% of Vornado Capital Partners. Georgetown Park is a prominent 305,000 square foot multi-level retail property located at M Street and Wisconsin Avenue in Georgetown. Vornado was responsible for developing and leasing the property, which was completely renovated and transformed, reconfiguring its floor plates to accommodate large format retail tenants with modern tenant demands.
August 19, 2014
08:04 EDTPEIPennsylvania REIT to sell anchor pad in Bethlehem
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