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Trump Stakes in Play as Vornado Explores Office Building Sales

  • Prominent towers in New York, San Francisco could be sold
  • Trump organization owns minority share of the properties
555 California Street stands in San Francisco.
555 California Street stands in San Francisco.Photographer: David Paul Morris/Bloomberg
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Vornado Realty Trust is exploring the potential sale of two office towers that it co-owns with the Trump Organization, a deal that could be complicated by the president’s ownership and an uncertain commercial real estate market.

The New York-based real estate investment trust is working with brokers to market its 70% interest in the properties, 555 California Street in San Francisco and 1290 Avenue of the Americas in Manhattan. The Trump Organization may also sell its stakes in the buildings, according to to people familiar with the matter who asked not to be identified.