Twin Towers: sold for $3.25bn

2 March 2001

Vornado, New York's largest commercial landlord, has snapped up the 99-year leasehold interest in New York's Twin Towers from the Port Authority in a $3.25bn (£2.24bn) deal. Headed by Steve Roth, Vornado has been selected ahead of two competing partnerships – Boston Properties/Brookfield and Silverstein Properties/Westfield America – to buy ...

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