Vornado Realty Trust
Transactions: December 2020
A selection of noteworthy deals announced between October 1 to 23, 2020.
Vornado Secures $500M Refi for Manhattan Tower
The financing package for PENN11 in Midtown retires a $450 million loan originated in 2013.
Facebook Inks 730 KSF Office Lease in Manhattan
Vornado Realty Trust will house the social media giant in the Farley Building redevelopment next to Penn Station.
REITs Ramp Up ESG Campaigns
A new report from Nareit shows that the sector is finding innovative ways to meet environmental, social and governance goals.
New York Retail Mogul Stanley Chera Dies at 78
The founder of Crown Acquisitions led his firm from humble beginnings to its present-day success as one of Manhattan’s major investors.
WeWork Taps Brookfield’s Mathrani as CEO
The veteran retail executive and former GGP leader will step into his new role on Feb. 18.
Vornado JV Closes $800M Refi for Madison Avenue Tower
The new fixed-rate loan on the 600,000-square-foot Manhattan office building has a substantially lower interest rate and matures nearly 10 years later than the loan it replaces.
Carr Properties Sells Premier Arlington Office Asset
An investor active in the metro Washington, D.C., market acquired the 195,128-square-foot office building, situated in the heart of the R-B Corridor.
Mitchell Schear Joins Camber Creek as New Executive Partner
The former president of Vornado/Charles E. Smith and The Kaempfer Co. brings more than 35 years of experience to the proptech venture capital firm.
Yext Lands in New Manhattan Tower for $150M HQ
The online brand management startup will pay around $1 million in monthly rent for the 142,500-square-foot space in the Vornado Realty Trust property, which will serve as its global headquarters.