Vornado Realty Trust Increases Ownership Interest in Farley Post Office Joint Venture with Related Companies to 95%

October 30, 2018

S&C represents Vornado Realty Trust in the increase of its ownership interest in its Farley Post Office joint venture with the Related Companies to 95% by acquiring an additional 44.9% from Related, for a purchase price of $41.5 million plus the reimbursement of costs funded to date. The S&C team on the transaction was led by Arthur Adler, along with Adam Sofen and Danielle Schulweis.