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NEW YORK CITY-Vornado Realty Trust late Thursday afternoon closed the loop on its previously announced acquisition of the retail condominium at 666 Fifth Ave., announcing that it had finalized the $707-million acquisition from a partnership of the Kushner Cos., Crown Acquisitions and the Carlyle Group. The REIT says the acquisition will be used in a like-kind exchange for income tax purposes for two completed asset sales and its previously announced $500-million sale of the Green Acres Mall in Valley Stream, NY, which is slated to be finalized in the first quarter of 2013.

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