Vornado agrees to $8.4B merger of DC properties with JBG

UPDATED, Oct. 31, 6:30 p.m.: Vornado Realty Trust on Monday signed a “definitive agreement” to merge its Washington, D.C. properties with JBG Companies in a $8.4 billion deal, the real estate investment trust announced in its quarterly earnings report. Prior to the agreement, Vornado’s board approved the D.C. properties’ spinoff into a separate entity, paving the way[…]

Vornado agrees to sell DC properties to JBG for $8.4B

Vornado Realty Trust on Monday signed a “definitive agreement” to sell its Washington, D.C. properties to JBG Companies for $8.4 billion, the real estate investment trust announced in its quarterly earnings report. Prior to the agreement, Vornado’s board approved the D.C. properties’ spinoff into a separate entity, paving the way for the merger. Steve Roth,[…]

Yeshiva sells Cardozo housing in Greenwich Village for $58M

A subsidiary of South Florida-based investment firm Pebb Capital is breaking into New York City’s bulk condominium and co-op market with a new $58 million purchase. Pebb’s subsidiary, Collegium Capital Partners, picked up 98 apartments – a mix of condos and co-ops – at a two-building Greenwich Village complex from Yeshiva University’s Benjamin N. Cardozo School[…]

ReCap: NYC real estate’s wins and fails

From the October issue: Brooklyn Borough President Eric Adams offers a stemwinder on developers at a Compass panel, literal real estate porn at the website, “Property Sex: Putting the Home into Homemade Porn,” and NYC real estate haikus in this month’s wrapup of industry happenings. [more] … [more] Source: Real Estate