Wendi Kopsick

Vornado Said to Sell Stake in Boston Site to Millennium

Vornado Realty Trust sold its stake in a site in Boston’s Downtown Crossing district, ending an investment that had been plagued by years of stalled development.

Ackman-Roth Scored With Sears Before J.C. Penney Debacle

Just when it looked like 2013 couldn’t get worse for hedge-fund manager William Ackman, one of his longest-standing investment allies is abandoning ship.

Sony’s NYC Tower Draws ‘Aggressive’ $1.1 Billion Price

Sony Corp.’s deal to sell its U.S. headquarters for $1.1 billion is an aggressive price for a tower in need of renovations, according to Real Capital Analytics Inc.

Vornado Climbs After J.C. Penney Stock Said to Be Sold

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.

J.C. Penney Can Raise Billions Under Revised Credit Line

J.C. Penney Co., the retailer backed by hedge-fund manager William Ackman, got clearance from lenders to sell billions of dollars in stock and debt if needed as it struggles to complete a turnaround.

New York Plaza District Offices Empty as Banks Cut Space

Manhattan’s Plaza district, the area near Central Park that commands the nation’s highest office rents, has a glut of space as financial firms cut back and tenants seek trendier neighborhoods south of Midtown.

Warnaco Looking for Deals to Broaden Beyond Calvin Klein

Warnaco Group Inc. wants something to come between it and its Calvin Klein brand.

HFZ Buys Manhattan Apartment Building With Vornado Fund for $170 Million

HFZ Capital Group and Vornado Capital Partners bought a 12-story apartment building on Manhattan’s Upper East Side for $170 million.

Liz Claiborne Takeover Seen With Allure of Kate Spade: Real M&A

Even after losing more money last year than any other U.S. clothing retailer, Liz Claiborne Inc. could still be a bargain in a takeover.

Vornado Park Avenue Office Tower Loan Put On Watch List, Morningstar Says

Debt on Vornado Realty Trust’s 350 Park Ave., a Manhattan office tower the company acquired in 2006, was put under a loan servicer’s watch list this month, according to a report by Morningstar Inc.

New York

Manhattan

Steven Roth

Pershing Square

S&P 500 Futures Jump With Commodities as Treasuries Fall

Payrolls in U.S. Rise 165,000 as Unemployment Rate Drops

U.S. Stock Futures Are Little Changed Before Jobs Report

EU Lowers Forecast as Euro Area Heads For Two-Year Slump

Gold Traders Most Bearish in Three Years After Drop: Commodities