Vornado Realty Trust (VNO) is expanding its prime Manhattan portfolio by agreeing to acquire a...

|About: Vornado Realty Trust (VNO)|By:, SA News Editor

Vornado Realty Trust (VNO) is expanding its prime Manhattan portfolio by agreeing to acquire a retail condominium on 5th Avenue for $707M from a JV of Kushner Cos, Crown Acquisitions, and Carlyle Group (CG), who are set to make a handy profit.