-
Vornado to spin off shopping centers
New York — Vornado Realty Trust plans to spin off nearly 16.1 million sq. ft. of shopping center assets into a new publicly traded REIT by the end of 2014, leaving the company with a largely office-centric portfolio, according to SNL Real Estate.
The move will simplify Vornado’s investment strategy and enable the company to focus on the ownership of office assets in the Washington, D.C., and New York City regions, including the high-value Manhattan office over retail assets.
-
Hughes reveals latest digital media solutions
GERMANTOWN, Md. — Hughes Network Systems, a provider of broadband satellite solutions and a leading provider of managed network services, announced that it will unveil at Digital Signage Expo the latest additions to its digital media solutions lineup designed to increase employee and customer satisfaction through high-impact video.
Hughes Digital Associate enables customers to easily browse products and services on a touchscreen display and drill down into the details using engaging videos, graphics and photos.