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Commercial Real Estate

SL Green Sells Property to Prop Up Its Share Price

SL Green is selling real-estate assets into the private market at high values and using the proceeds to buy back its own public shares at discounted prices.

Vornado’s Plan to Focus on New York Real Estate Hits a Snag

For more than four years, Vornado Realty Trust has been working hard to shed suburban retail and Washington, D.C., office properties in hopes that equity investors would like the company more as a simple New York City commercial landlord. So far the strategy hasn’t panned out.