NEW YORK CITY-Some of the biggest landlords in the US are going global due to shortage in the sale of US properties. Vornado Realty Trust has plans to bid for ING Groep NV's private-equity property investment platform.
Along with Vornado, Kohlberg Kravis Roberts & Co., affiliates of Jones Lang LaSalle Inc. and CB Richard Ellis Group Inc. are also bidding for the platform. Final bids are scheduled on December 1. For the full story, go to Wall Street Journal.
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