Vornado Explores Possible Sale of Manhattan’s Farley Building
- Firm is weighing options, including offloading the property
- CEO has said the former Post Office could be liquidity source
The Farley Building in New York.
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Vornado Realty Trust is exploring options for its redeveloped Farley Building, as it seeks to shore up liquidity during a commercial-property downturn.
Vornado is exploring options including a partial or entire sale of the building, according to people familiar with the matter who asked not to be identified citing private information. The company could also put a mortgage on the asset, which currently has no debt on it, the people said.