Vornado Realty Trust stands to earn $425 million in cash from a loan against its theater, shops, restaurants and a soaring billboard over Times Square. The city’s second-largest commercial landlord took out a $450 million loan backed by 100,000 square feet of retail stores, the 1,600-seat Marquis Theater and a six-story billboard at 1535 Broadway, […]
This article originally appeared on The Real Deal. Click here to read the full story.