Group 1 - Vornado Realty Trust (VNO) sold a 173,000-square-foot Class A office building at 512 West 22nd Street for $205 million, with net proceeds of nearly $38 million after mortgage repayment and transaction expenses [1][6] - The company expects to report an approximate $11 million financial statement gain from this transaction in the third quarter of 2025 [1][6] - Vornado is focused on improving its core business through opportunistic developments and divestitures, which provide capital for reinvestment [2] Group 2 - Vornado's strategy includes maintaining assets in high-rent, high-barrier-to-entry markets and a diversified tenant base, which is expected to support long-term growth [3] - In January 2025, Vornado's joint venture completed the sale of a portion of its flagship store at 666 Fifth Avenue to UNIQLO for $350 million, realizing net proceeds of $342 million [2] - Over the past three months, Vornado's shares have declined by 6.3%, compared to a 2.4% decline in the industry [3]