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RCA in the commercial property press:


Vornado PE fund seeks $1B


Thursday, July 09, 2009
Source: The Daily Deal


The Daily Deal reports: On Monday, Deutsche Bank AG (NYSE:DB) sold its office property WorldWide Plaza in Manhattan for $605 million. The German bank took possession of the property after Macklowe Properties was unable to pay its mortgage. According to Real Capital Analytics, the office was acquired during the height of the real estate boom in 2007 for $1.74 billion by developer Harry Macklowe.


View the full article on The Daily Deal: Vornado PE fund seeks $1B

Posted by: Richard Trautmann

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