Vornado Realty Trust, the real estate investment trust, is gearing up to launch its own private equity fund to buy bargain-basement properties, according to The Wall Street Journal.
The Paramus, N.J., company is meeting with investors, hoping to raise $1 billion for its venture, tentatively called Vornado Capital Partners LP, according to The Journal, which cited [...]
Vornado Realty Trust is looking to raise between $550 million and $600 million through a bond sale, The Wall Street Journal said, citing people familiar with the matter. Read Post
Blackstone Group has inked a deal to a stake in two malls owned by Glimcher Realty Trust, through a joint venture set up by the private equity giant and the real estate investment trust. Read Post
The Wall Street Journal reports that real estate developer Michael Sonnenfeldt is selling his Southport, Connecticut waterfront mansion for $11.9 million. Sonnenfeldt is the founder of TIGER 21— an elite and private investment group... Read Post