Vornado Realty Trust's (VNO) purchase of 59% of a Manhattan residential complex values the...

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

Vornado Realty Trust's (VNO) purchase of 59% of a Manhattan residential complex values the property at $844.8M and continues the firm's trend of moving assets to its stronger markets and selling noncore properties. The company recognized a $100M Q4 net gain as part of its latest transaction.