Tuesday 23 June 2020

Vornado looks to sell towers co-owned with Trump

Vornado Realty Trust is considering selling a pair of office buildings it owns alongside President Donald Trump’s firm. The real estate investment trust is looking at options to recapitalize 1290 Sixth Avenue in Manhattan and 555 California Street in San Francisco, Bloomberg reported. Vornado owns a 70 percent controlling interest in the properties. The Trump Organization could also sell its stake in the office towers, the news outlet reported. Representatives for Trump declined to comment



source https://therealdeal.com/2020/06/23/vornado-looks-to-sell-towers-co-owned-with-trump/

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