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Real Estate Rumor Mill: Vornado, Tishman, Avant

By Andrew McIntyre ( June 2, 2015, 6:31 PM EDT) -- New York real estate investment trust Vornado Realty Trust has purchased the Old Navy building at Herald Square in New York from Starwood Capital Group LLC and Crown Acquisition Group for $355 million, The Real Deal reported Tuesday. The 78,000-square-foot, three-floor property is located at 144-150 W. 34th St., and Vornado, with unused air rights, may be able to develop a 300,000-square-foot hotel and retail tower at the site, according to the report, which cited unnamed sources....

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