Vornado, Macerich Close on Kings Plaza Sale

Last Updated: December 3, 2012 06:18am ET

UPDATE

Vornado, Macerich Close on Kings Plaza Sale

By Paul Bubny | New York

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NEW YORK CITY-As a result of the $751-million sale of the Brooklyn shopping center, first announced in October, Vornado shareholders will see a special capital gain dividend of $1 per share.

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Paul Bubny is managing editor of Real Estate Forum. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City. Contact Paul Bubny.

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