Vornado Realty Trust (VNO) closes the sale of Green Acres Mall on Long Island for $500M, with...

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

Vornado Realty Trust (VNO) closes the sale of Green Acres Mall on Long Island for $500M, with net proceeds of $185M after paying off the mortgage. The company will book a gain of $205M, though taxes will be deferred as the sale was part of a like-kind exchange. (PR)