Vornado Realty Trust finally clarified speculation surrounding LNR Property LLC's future, announcing that the diversified real estate investment, finance, management and development company has entered into a definitive agreement to be sold, without providing any details on the buyer. Vornado, a 26.2% stakeholder in LNR Property LLC, said that the deal would be finalized in the second quarter of this year, netting the trust a cool $241 million.