Investors in real estate funds have enjoyed great gains, while investors in homebuilder stocks have lost money as a result of the housing crash, reports Bloomberg. Vornado has sold its 1740 Broadway office building in Manhattan to the Blackstone Group for $605 million, according to Commercial Property Executive. Supermarket chain Safeway sold its real estate development assets to Terramar Retail Centers for $830 million, reveals Supermarkets News. These are among todays must reads from around the commercial real estate industry.
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