Alex Goldfarb News
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Boris Berezovsky, the Russian oligarch who died last week at his U.K. home, was found with a noose around his neck.
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Vornado Realty Trust, the owner of more than 100 million square feet of mostly office and retail properties, rose the most in more than a year after selling part of its money-losing investment in retailer J.C. Penney Co.
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Vornado Realty Trust, the real estate investment trust that owns office and retail properties, said it had a $224.9 million loss on its 11 percent interest in J.C. Penney Co.
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Vornado Realty Trust, the owner of more than 100 million square feet of U.S. properties, said Chief Executive Officer Michael Fascitelli resigned and will be replaced by Chairman Steven Roth.
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Kushner Cos. completed a restructuring of its debt on Manhattan’s 666 Fifth Ave. with Vornado Realty Trust, salvaging an investment made in a record- setting deal at the peak of the property market.
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Vornado Realty Trust, the owner of more than 100 million square feet (9.3 million square meters) of U.S. properties, said third-quarter funds from operations fell 22 percent after losses on investments.
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Vornado Realty Trust said it agreed to buy retail space on New York’s Fifth Avenue, the world’s priciest shopping corridor, for about $707 million, and plans to sell $428 million of properties across the U.S. and Canada.
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Vornado Realty Trust , the third- biggest U.S. real estate investment trust by market value, said first-quarter funds from operations rose 43 percent after gains from retiring debt and its J.C. Penney Co. investment.
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SL Green Realty Corp., New York’s City’s biggest office landlord, said second-quarter funds from operations rose 14 percent as rental revenue increased.
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SL Green Realty Corp., New York’s biggest office landlord, agreed to buy eight Manhattan retail and multifamily properties in a joint venture with Stonehenge Partners for $416 million.
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