Vornado officially plans to sell its stake in 666 Fifth

Vornado Realty Trust plans to sell its 49.5 percent stake in Kushner Companies’ Midtown office tower at 666 Fifth Avenue, according to an annual performance report it filed with the U.S. Securities and Exchange Commission. Last year, Vornado CEO Steve Roth told shareholders that selling the REIT’s minority position in the tower was a possibility, but this appears to be the first time the company has plainly said that it will not keep 666 Fifth […]

Source: Real Estate

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