Vornado To Buy DC High-Rise For $104M

Law360, New York (November 7, 2011, 3:43 PM EST) -- Vornado Realty Trust plans to buy the 97.5 percent interest it doesn't already own in Washington's Executive Tower — a redeveloped, 11-story building in the city's central business district — for $104 million, the company said Monday.

New York-based Vornado, a real estate investment trust that currently manages the 130,000-square-foot property located at 1399 New York Ave. NW, said it expected the purchase to close before the end of 2011, though it didn't identify any of the potential sellers.

"There can be no assurance that the...
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