Vornado Realty Trust said Monday it has halted plans to sell a tract of land in Arlington, Va., and that the undisclosed purchaser forfeited a $27 million deposit. The 8.6 acres is located in the Pentagon City area of Arlington. The Paramus, N.J., company, a ...

Vornado Realty Trust on Tuesday said its third-quarter profit rose 15 percent, benefiting from the sale of an office building in Washington, D.C. and its investment in Toys R Us. The company posted funds from operations of $234.2 million, or $1.25 ...

REIT RALLY: RIGHT ON?

Despite a $51.9 million second-quarter earnings loss reported Aug. 4 and a bleak outlook for commercial real estate, shares of Vornado Realty Trust--one of the biggest players in commercial realty--have doubled since hitting a low of 28.95 on Mar. 6. Similar real estate investment trusts have also rallied, as investors wager that weakness ...

Office landlord Vornado Realty Trust is hoping to launch its own private equity fund to buy bargain-basement properties, according to a report published Tuesday. The Paramus, N.J., company is meeting with investors, hoping to raise $1 billion for its venture, tentatively called Vornado Capital Partners LP ...