Key Takeaways Vornado Realty Trust will buy the 623 Fifth Avenue office condo for $218 million.The 36-story property will be redeveloped and delivered to tenants in 2027.The deal strengthens Vornado's New York office portfolio to meet the growing demand for quality office spaces.In a boost to its portfolio, Vornado Realty Trust (VNO) recently announced that it is set to acquire the 623 Fifth Avenue office condominium for $218 million. The company plans to completely reposition and redevelop this 75% vacant ...