Vornado liquidating trust
BOSTON, July 19, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that its venture which owns 701 Seventh Avenue (a/k/a 20 Times Square) in Times Square area of Manhattan, New York has entered into a lease with The Hershey Company for retail space of BOSTON, July 11, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust ("Winthrop") (NYSE: FUR), announced that it will release its second quarter 2016 results on Thursday, July 28, 2016 prior to the market open.
Management will host a conference call to discuss the Company's results at PM Eastern BOSTON, July 05, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that its 550,000 square foot warehouse property located in Jacksonville, Florida was sold for a gross sales price of ,500,000.
It’s a complicated undertaking and not one that all high-level real estate executives would want.
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In 2017’s second quarter, Manhattan investment sales plummeted 60 percent year-over-year to $13.8 billion.
And she has the added challenge of unloading those assets under the dark cloud cast by NYRT’s previous affiliate American Realty Capital Partners, whose former chief financial officer, Brian Block, was convicted in June of misleading shareholders about the financial health of the company.
Leading the charge were Winthrop REIT Advisors’ Michael Ashner and developer Steve Witkoff, who fired off an angry letter to the board opposing the deal and instead lobbied it to elect five new members.
The following month, Ashner asked Silverstein to join the replacement board.
Nonetheless, Silverstein — who ended her run at Vornado as the company’s highest-ranked female — sought out the job.