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Real Estate

Vornado Buys Stake in Two Office Complexes for 1.8B

Vornado Realty Trust of Paramus today said it has agreed to pay $1.8 billion for a 70 percent interest in 1290 Avenue of the Americas, a Manhattan office building with 2 million square feet, and 555 California Street, an office complex with 1.8 million square feet in San Francisco’s financial district. The two complexes have

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Equity Office Properties Rejects Vornado Offer

Vornado Realty Trust was dealt an apparent setback today as Equity Office Properties Trust (EOP) rejected a $41 billion buyout bid from the Paramus real estate investment trust. Chicago-based EOP issued its statement after consulting with its financial and legal advisors about Vornado’s $56 a share

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