Retail Traffic

Vornado Tornado

Vornado Realty Trust was swirling in retail news in March. First, it partnered with two other firms to buy Toys ‘R’ Us. Then it acquired the 17,000-square-foot retail condominium portion of the former Westbury Hotel for $113 million. Vornado also gave its blessing to the Sears/Kmart megamerger. It owns a 4.3 percent stake in Sears, and was reported to have been interested in buying the company before the Toys ‘R’ Us deal firmed up.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish