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The Ruin of Retailing -- Campeau, Lampert and Ackman
In 2010 William Ackman acquired about 16.5 % of J.C. Penney's common stock and together with Stephen Roth, CEO of Vornado Realty, who acquired 6 % of the J.C. Penney stock, had enough clout to demand board seats for both himself and Roth. Together ...
The Rebirth Of General Growth Properties
In the wake of its bankruptcy, General Growth hired as its CEO Sandeep Mathrani, a retail veteran from Vornado Realty Trust (NYSE:VNO), which controls office and retail properties in New York and Washington, D.C.. In November 2011, General Growth ...
Informa Acquires MMPI Canada for $53 Million; Posts Half-year Earnings Losses
The mergers and acquisitions market in the trade show industry is warming up after a few years of quiet times with the recent purchase of Vornado Realty Trust's MMPI Canada by Informa for $53 million. The acquisition is a bright note in what has been a ...
Rack out of closet
Law firm Akerman Senterfitt has leased 48,000 square feet at 666 Fifth Ave. in the first major deal since Kushner Cos., run by Jared Kushner, recapitalized the building with Vornado Realty Trust. Akerman will move to the 19th and 20th floors that were ...
A downtown Morton's
The original 36,000 square-foot H&M flagship US store at 640 Fifth Ave. on the northwest corner of West 51st Street is quietly being shopped for lease to other retailers by Vornado Realty Trust. The cheap-chic fashion outlet has a cheap lease from the ...
Chicago Attracts New Towers With River Views
(The family sold the Mart as well as the Apparel Center in 1998 to Vornado Realty Trust, where they remain stockholders.) The project is being headed by Christopher Kennedy, a son of Robert F. Kennedy.
Springfield retail landscape shifts as mall closes for redo
Vornado Realty Trust vacated all tenants except Macy's, J.C. Penney and Target at the end of June, planning to debut a revitalized Springfield Town Center in mid-2014.
Can Larry Silverstein's Heir Apparent, Marty Burger, Rise to the Occasion?
Mr. Silverstein's steely resolve and endurance through a WTC redevelopment fraught with seismic setbacks and conflicts had given many in the real estate business no reason to doubt he might very well keep a firm hand on his real estate business for ...
San Francisco Office Sales Set for Best Year Since 2007
The high-rise is the city's second-largest office building, behind Vornado Realty Trust's 555 California St., according to CBRE.
SL Green Sells Half Of Stake In $618M 5th Ave. Retail Condo
The deal is the latest reminder that top luxury retail and real estate brands will spare no expense for an asset in Manhattan's legendary shopping corridor.