$104 million office purchase; research grant; number portability.
Vornado Realty Trust, in Paramus, announced Monday it has entered into an agreement to acquire 97.5 percent interest in 1399 New York Ave., in Washington, D.C., an 11-story, 130,000-square-foot class A office building, for approximately $104 million.
PTC Therapeutics Inc., in South Plainfield, announced Monday it will receive funding through Grand Challenges Explorations, an initiative created by the Bill & Melinda Gates Foundation. Dr. Zhengxian Gu, director of antiviral biology, will pursue a global health research project, “Exploration of a Novel Mechanism Regulating HIV Latency.”
Telcordia, in Piscataway, announced Tuesday it has been selected to manage mobile number portability in Argentina. Telcordia will also provide training and managed services over the five-year term.