Vornado Realty Trust

By Ilaina Jonas NEW YORK, June 2 (Reuters) - A group of investors, including Chinese real estate tycoon Zhang Xin, paid about $1 billion for a 40 percent stake in a landmark New York office building, a person familiar with the deal said on Sunday, in the...

(Adds details about the building, expert comments and context about GGP's interest in the market segment) By Ilaina Jonas NEW YORK, May 24 (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for an expensive...

Our burg is looking so festive, with twinkling lights of all colors etching houses and trees. It is such a lovely time of year as community dwellers celebrate Hanukkah and Christmas. Along with the glitter are people coming together to celebrate the...

In a stunning move that could forever alter one of Chicago's most enduring business icons, Kmart Holding Corp. pounced on Sears, Roebuck and Co. today in a $11 billion merger. The new Sears Holdings Corp. will become the nation's third-largest retailer...

Vornado Realty Trust's unexpected disclosure that it had acquired a significant stake in Sears, Roebuck and Co. may have kick-started investor Edward Lampert's plan to merge the company with his Kmart Holding Corp. "Vornado's purchase stimulated activity...

An investor tied to both Sears, Roebuck and Co. and rival Kmart Holding Corp. may move to significantly increase his stake in Sears and possibly propose to merge the two struggling companies, a key source close to the negotiations said late Tuesday. An...

In a bold move that shakes up one of Chicago's most enduring business icons, Kmart Holding Corp. pounced on Sears, Roebuck and Co. Wednesday in a merger valued at $11 billion. The new company, which will be called Sears Holdings Corp., will become the...

It may seem far-fetched that a retailer as massive as Sears, Roebuck and Co. could ever be dismantled to tap the underlying value of its real estate. After all, the Hoffman Estates-based company is an American icon. It has $9.5 billion in market value,...

The disclosure of a large investment in Sears, Roebuck and Co. by a real estate trust known for liquidating retail assets sparked a 23 percent gain in Sears' stock on Friday. Vornado Realty Trust, which owns the Merchandise Mart, shopping malls and...

Why would a real estate investment trust buy 4.3 percent of the stock of Sears, Roebuck and Co.? Retail followers at Prudential Equity Group and Goldman Sachs Group Inc. aren't sure they know the answer, but they're intrigued enough by Vornado Realty...

The Empire State Building's owner lost his bid to stop a new skyscraper from rising in the neighborhood when the New York City Council approved zoning and land use changes Wednesday that pave the way for the 1,190-foot tower. The project, called 15 Penn...

NEW YORK - In the end it wasn't IPods , Netflix, or the internet, but a clothing store, that has forced one of the most famous music shops in the country to close for good. The Virgin Megastore will be replaced by Forever 21, a fashionable yet budget...