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NEW YORK CITY-Publicly-traded REIT Vornado Realty Trust has entered into two separate agreements to sell $306 million worth of prime Chicago and Manhattan assets. According to Real Capital Analytics, Vornado will be selling the 1.2 million-square-foot former Apparel Center at 350 West Mart Center to San Francisco-based Shorenstein Properties LLC for approximately $228 million. On the New York side, it will sell four small mixed-use properties in Manhattan for $78 million. Sources close to the deal say the investor is Steven Elghanayan.

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