JBG, New York REIT terminate merger deal

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The JBG Cos. and New York REIT Inc. have called off their proposed $8.4 billion merger, striking a blow to the prolific Chevy Chase developer’s ambition to expand to the Big Apple and become a publicly traded company. New York REIT (NYSE: NYRT) disclosed the termination, effective immediately, in a press release distributed Tuesday morning. The company cited insurmountable resistance from shareholders who preferred a liquidation, asset sales or other more immediate return on their investment. JBG…