Vornado Tornado

Vornado Realty Trust was swirling in retail news in March. First, it partnered with two other firms to buy Toys ‘R’ Us. Then it acquired the 17,000-square-foot retail condominium portion of the former Westbury Hotel for $113 million. Vornado also gave its blessing to the Sears/Kmart megamerger. It owns a 4.3 percent stake in Sears, and was reported to have been interested in buying the company before the Toys ‘R’ Us deal firmed up.

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Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

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