Real-Estate Pioneer Loses Its Touch

0

Vornado Realty Trust grew from a small, New Jersey strip-center owner to a giant in real estate partly through its strategy of buying big stakes in retailers to get a piece of their valuable holdings of malls, stores and parking lots. But, as the Wall Street Journal reports, you would never know it from how the company fared in its latest deal, a failed investment in J.C. Penney Co.

No posts to display