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
By Andria Cheng
CoStar News
August 30, 2021 | 8:18 P.M.
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IN THIS ARTICLE
- Properties
- The Crosby
40 Crosby St, New York, NY
- Companies
- Vornado Realty Trust
Real Estate