Last Updated: December 11, 2008 11:49am ET

Vornado Scraps Harlem Office Tower

By Paul Bubny

NEW YORK CITY-At an investor conference here, CFO Joseph Macnow said "the economics are not warranted" to proceed with the planned 125th Street project.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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