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Stock Market & Financial Investment News

News Breaks
January 28, 2013
08:18 EDTVNOVornado downgraded to Cautious from Neutral at ISI Group
ISI Group downgraded Vornado due to valuation, weak fundamental data from the DC metro market and concerns regarding its investments in JCPenney and Toys 'R' Us.
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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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