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Stock Market & Financial Investment News

News Breaks
January 24, 2013
09:33 EDTVNOVornado expects $241M from sale of LNR Property
Vornado Realty Trust announced that LNR Property, has entered into a definitive agreement to be sold. Vornado, which owns 26.2%, expects to receive net proceeds of approximately $241M. The transaction is expected to close in Q2 of 2013, subject to customary closing conditions.
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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.

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