International Business News - VNO http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Following the broader market down, shares of real estate investment trusts tumbled Monday after the House defeated a $700 billion emergency rescue bill designed to bail out the stumbling financial industry. http://www.ibtimes.com/articles/20080929/sector-snap-reit-shares-amid-market-sell-off.htm Mon, 29 Sep 2008 14:56:10 EDT Vornado Realty Trust said Wednesday it has formed a joint venture with India's Reliance Industries Ltd. to invest in shopping centers in India. Vornado, a Paramus, N.J.-based real estate investment trust, and Reliance will each commit up to $250 million to the 50/50 venture to acquire, develop and operate shopping centers in key Indian cities. http://www.ibtimes.com/articles/20080813/vornado-reliance-form-retail-venture-in-india.htm Wed, 13 Aug 2008 10:14:44 EDT Vornado Realty Trust said Tuesday its profit and a measure that gauges performance of real estate investment trusts both fell in the second quarter. The Paramus-based owner of office and retail properties said net income fell 17 percent to $125.4 million, or 79 cents per share, in the three months ended June 30, compared with $151.6 million, or 96 cents per share, in the year-ago quarter. http://www.ibtimes.com/articles/20080805/vornados-second-quarter-profit-dips.htm Tue, 05 Aug 2008 10:46:39 EDT Data center company DuPont Fabros Technology Inc. said Tuesday it named Mark L. Wetzel executive vice president and chief financial officer, replacing Steven G. Osgood. http://www.ibtimes.com/articles/20080617/dupont-fabros-technology-names-wetzel-cfo.htm Tue, 17 Jun 2008 17:28:42 EDT Vornado Realty Trust said it will book a narrower loss from its 33 percent stake in toy retailer Toys R Us in its second-quarter results. The real estate investment trust said it would book negative funds from operations before income taxes from the holding of $14.6 million, or 8 cents per share. A year ago, the holding led to a loss of $17.9 million, or 10 cents per share. http://www.ibtimes.com/articles/20080617/vornado-realty-loss-from-toys-r-us-stake-narrows.htm Tue, 17 Jun 2008 11:46:40 EDT Real estate investment trust Vornado Realty Trust said Thursday it has agreed to sell an office building complex in Virginia to an undisclosed buyer for about $152.8 million. http://www.ibtimes.com/articles/20080522/vornado-realty-to-sell-office-complex-for-152-8m.htm Thu, 22 May 2008 15:07:39 EDT The transit agency that owns 26 acres of prime real estate on Manhattan's far West Side reopened conversations Tuesday with other developers after last-ditch talks failed to resurrect a deal with builder Tishman Speyer Properties. http://www.ibtimes.com/articles/20080513/mta-talks-with-other-developers-about-west-side.htm Tue, 13 May 2008 19:06:37 EDT The transit agency that owns 26 acres of prime real estate on Manhattan's far West Side reopened conversations Tuesday with other developers after last-ditch talks failed to resurrect a deal with builder Tishman Speyer Properties. http://www.ibtimes.com/articles/20080513/mta-talks-with-other-developers-on-hudson-yards.htm Tue, 13 May 2008 18:49:39 EDT A $1 billion deal to build skyscrapers, apartments and parks over a desolate stretch of rail yards by the Hudson River collapsed due to a zoning "impasse," the rail yards' owner said Thursday. http://www.ibtimes.com/articles/20080508/1b-deal-in-nyc-to-develop-west-side-rail-yards-collapses.htm Thu, 08 May 2008 21:32:08 EDT Real estate investment trust Vornado Realty Trust said Tuesday its first-quarter results nearly doubled, boosted by the sale of its interest in AmeriCold Realty Trust last month. http://www.ibtimes.com/articles/20080506/vornados-1q-results-nearly-double-on-sale-proceeds.htm Tue, 06 May 2008 12:47:38 EDT Shares of major real estate investment trusts mostly rose Wednesday after the Federal Reserve cut a key interest rate by a quarter-point to 2 percent as expected by Wall Street. http://www.ibtimes.com/articles/20080430/sector-glance-big-reits-shares-up-after-fed-rate-cut.htm Wed, 30 Apr 2008 14:40:02 EDT Shares of real estate investment trusts closed mostly lower Tuesday as consumer confidence declined further in April amid increased concerns about soaring inflation and the weakening job market. http://www.ibtimes.com/articles/20080429/closing-glance-reits-fall-as-consumer-confidence-dips.htm Tue, 29 Apr 2008 16:27:18 EDT Shares of real estate investment trusts were mixed Tuesday morning as consumer confidence slipped further in April amid heightened concerns about soaring inflation and the weakening job market. http://www.ibtimes.com/articles/20080429/opening-glance-reits-mixed-as-consumer-confidence-slips.htm Tue, 29 Apr 2008 10:12:12 EDT Shares of real estate investment trusts closed mixed Friday after a consumer sentiment reading fell to its lowest level in more than 25 years and consumers awaited tax rebate checks. http://www.ibtimes.com/articles/20080425/closing-glance-reits-mixed-consumer-sentiment-reading-dips.htm Fri, 25 Apr 2008 16:19:31 EDT Shares of real estate investment trusts closed higher Thursday as investors shrugged off a report that sales of new homes dropped to their lowest level since 1991. http://www.ibtimes.com/articles/20080424/closing-glance-reits-rise-even-as-new-home-sales-decline.htm Thu, 24 Apr 2008 16:05:56 EDT Shares of real estate investment trusts mostly fell Thursday morning as orders to factories for big-ticket manufactured goods dropped for a third straight month in March, the longest string of declines since the 2001 recession. The market was also weighed down by a report that sales of new homes fell to their lowest level since 1991, a sign that the housing market has not yet started to recover. http://www.ibtimes.com/articles/20080424/opening-glance-reits-mostly-fall-on-weak-economic-data.htm Thu, 24 Apr 2008 10:09:22 EDT Shares of real estate investment trusts ended up Wednesday after Host Hotels & Resorts Inc. and Taubman Centers Inc. reported earlier that their quarterly funds from operations improved. http://www.ibtimes.com/articles/20080423/closing-glance-reits-end-higher-on-positive-ffo-results.htm Wed, 23 Apr 2008 16:10:03 EDT Shares of real estate investment ended mostly down Monday, along with the broader market as investors digested weaker-than-expected Bank of America Corp. earnings and disappointing news from National City Corp. http://www.ibtimes.com/articles/20080421/closing-glance-reits-fall-after-weak-bank-of-america-earns.htm Mon, 21 Apr 2008 16:10:45 EDT Shares of real estate investment trusts headed higher Thursday morning as earnings from Citigroup Inc. and Google Inc. helped to ease investor anxiety. How some real estate investment trusts perform... http://www.ibtimes.com/articles/20080418/opening-glance-reits-climb-on-sunnier-earnings-reports.htm Fri, 18 Apr 2008 10:05:09 EDT The chairman and chief executive of real estate investment trust Vornado Realty Trust sold 250,000 shares of common stock, according to a filing with the Securities and Exchange Commission. In a For... http://www.ibtimes.com/articles/20080416/vornado-realty-trust-chairman-and-ceo-sells-250-000-shares.htm Wed, 16 Apr 2008 16:57:16 EDT