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Vornado Realty Trust (VNO) has reportedly bid for the parent of the second-largest manager of...

Vornado Realty Trust (VNO) has reportedly bid for the parent of the second-largest manager of delinquent CRE loans in the U.S. A buyer for CW Financial - which services $18B in delinquent CRE loans - could be chosen in the coming week, and Apollo Global Management and Centerbridge have reportedly dropped out.
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  • Nathan W Martin
    , contributor
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    It's good to see bidders for this type of asset even if at lower prices. VNO appears to have come out of this mess as a relatively stronger player than before.
    18 Jun 2010, 01:11 PM Reply Like
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