Vornado Realty Trust News

Jihong is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited.

Vornado Chairman Steven Roth reaffirmed Thursday that Vornado plans to shed "non-core assets" such as its 32.7 percent stake in Toys "R" Us, and reduce its enclosed mall and shopping center portfolio to streamline the company and improve performance.

Vornado Realty Trust is following through on its pledge last month to sell many or all of its shopping malls, having hired brokerage Eastdil Secured to market for sale its stakes in three malls in and around New York City.

AIP, a private-equity firm also known as American Industrial Partners, leased the entire 28th floor of 330 Madison Ave., sources said.

The city's top retail landlords and brokers are making final tweaks to their appointment schedule and ironing out which parties and dinners they will attend, just two days before the official start of the world's largest retail trade show, the International Council of Shopping Center's RECon, in Las Vegas.

The long developer face-off at 220 Central Park South may finally be coming to an end.

C. Russell DeMartino, the former vice president at Vornado Realty Trust who helped shepherd the Filene's redevelopment through Boston's approval process only to have the project stall - leaving a hole in the city's shopping district - has joined Bierbrier Development as development vice president.

In a move that demonstrates MMPI's long term commitment to the Los Angeles gift and home market, MMPI and L.A. Mart have set the schedule for the California Gift Show through July 2019.

's stock had its "neutral" rating reiterated by Zacks in a research note issued to investors on Tuesday.

Vornado Realty Trust, owner of office and retail properties chiefly in New York and the Washington, D.C. areas, said first-quarter earnings fell from a year ago when it reported gains from debt extinguishment, mezzanine loan loss reversals and a larger income from its stake in J C Penney Company Inc.

Today they are providing members comprehensive research on the REIT - Diversified industry and are offering free analytical research on Vornado Realty Trust and Douglas Emmett Inc.

General Growth Properties Inc. would be interested in buying some of Vornado Realty Trust's shopping malls if they are put up for sale, ChicagoRealEstateDaily reports.

Vornado is expected to sell some of its malls after Chairman Steven Roth wrote in a letter to investors last month that the company plans "to reduce our exposure to the enclosed-mall business." The New York-based company owns seven regional malls totaling 7.8 million square feet in the United States and Puerto Rico.

The new Springfield Town Center will feature a health club, a movie theater and a "restaurant row" of between eight and ten restaurants, according to McClanahan Mike McClanahan, chief of staff for Lee District Supervisor Jeff McKay .