Vornado Realty Trust files a 10-K with the SEC in which it indicates it took a $225M impairment...

|By:, SA News Editor

Vornado Realty Trust files a 10-K with the SEC in which it indicates it took a $225M impairment loss on its position in J.C. Penney (JCP -3.3%). Though the action could be shrugged off as largely an accounting measure, it raises the question of what JCP board member and Vornado Chairman Steve Roth has in mind to turn around his investment.