Vornado Realty Trust
raised a quick
through an offering of 8.1 million shares priced after the close of trading yesterday. Vornado, fresh off
agreeing to buy the Manhattan Mall for $689 million
, says it is looking to make more buys, possibly spending up to $3 billion on properties
or company buyouts.
If recent history is any guide, Vornado could have any number of deals up its sleeve. In the past 24 months its bought office and retail properties in one-off deals, but also has invested heavily in retailers, participating in the takeovers of Toys 'R' Us and Sears last year.