Abu Dhabi buys out Vornado at 330 Madison

The Abu Dhabi Investment Authority bought Vornado Realty
Trust’s minority interest in 330 Madison Avenue, giving the
sovereign wealth fund for the wealthy Middle Eastern emirate full
ownership of the property. The deal values the Midtown East
building at just over $1,000 per square foot, or about $900
million. A representative for the ADIA confirmed to The Real Deal
that it purchased Vornado’s 25-percent stake through a
subsidiary. Vornado announced the sale early Tuesday, saying
[…]

Source: FS – All – Real Estate News 2
Abu Dhabi buys out Vornado at 330 Madison