In a sign that New York’s battered retail market isn’t expected to see a big recovery anytime soon, Vornado Realty Trust said it agreed to sell five Manhattan properties at a loss for $184.5 million.
Vornado’s Sale of Manhattan Retail Properties at a Loss Could Signal Further Market Stress
As Sector Struggles, Landlord Has Said Its Tenants Have Been Hurt by Lack of Tourists in New York
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