(VNO, ARG, PCS, CRWE) Featured Stock by DoubleInStocks.com

FOR IMMEDIATE RELEASE
new york city, New York, United States of America (Free-Press-Release.com) January 12, 2012 -- Vornado Realty Trust (NYSE:VNO) announced that it has completed a $300 million refinancing of 350 Park Avenue, a 558,000 square foot Manhattan office building. The five-year loan bears interest at 3.75% and amortizes based on a 30-year schedule beginning in the 3rd year. The proceeds of the new loan and $132 million of existing cash were used to repay the existing loan and closing costs. Vornado Realty Trust is a fully integrated equity real estate investment trust.

Vornado Realty Trust is a privately owned real estate investment trust. The trust engages in investment, ownership, and management of commercial real estate.

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