Gail Kalinoski/Commercial Property Executive—Vornado Realty Trust has grabbed another prime Fifth Avenue location just as the retail rents there are passing $3,000 per square foot, paying $278 million for a majority stake in 655 Fifth Ave., a retail and office property with 50 feet of frontage on Manhattan’s Fifth Avenue. Vornado, a Paramus, N.J.-based REIT, […]