Vornado, Oxford Properties to join venture to buy 650 Madison Ave.

08/7/2013 | Bloomberg Businessweek

Vornado Realty Trust and Oxford Properties Group are joining the venture that is buying a Midtown Manhattan property for $1.3 billion. The REIT will invest $12.5 million to help buy 650 Madison Ave. Crown Acquisitions and Highgate Holdings announced in June they are buying the 27-story building.

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