As Vornado's commercial fortunes declined throughout the mid-to-late 1970s, they began selling off Two Guys stores to various companies. In late 1980, Vornado was taken over by real estate investor Steven Roth through his company, Interstate Properties, Inc., after he noticed that the land that the stores sat on was worth much more than the stores themselves as an ongoing concern. Interstate began the process of liquidating its Two Guys outlets by closing the stores, which had posted a loss of $20 million for the first half of 1981,and leasing the physical locations to other retailers. After selling all of the retail stores, Vornado was later renamed Vornado Realty Trust, having become a real estate management company dealing in valuable commercial retail space.