Vornado Realty Trust
Vornado Sells $1.2B Stake in NYC Retail Venture
In its latest move to generate big proceeds, the REIT sold a 45.4 percent common equity interest in its Upper Fifth Avenue and Times Square collection.
Vornado Refinances NYC Mixed-Use for $580M
The REIT secured an interest-only loan to replace a 2015 mortgage on the approximately 1 million-square-foot property in Midtown Manhattan.
Vornado Completes $168M Manhattan Office Refi
The newly constructed 170,000-square-foot property in the Meatpacking District had been fully preleased before completion. Aetna took the office space, while the property also features one of the world’s largest Starbucks.
Top 10 Office Owners in Manhattan
Local investors such as SL Green or Vornado Realty Trust are not only the largest office landlords, but also some of the most active players in the metro.
Vornado Realty Trust Refinances NYC Retail Property
The financing replaces an existing $205 million loan on a 78,000-square-foot Manhattan building occupied in its entirety by Old Navy.
Host Hotels & Resorts Announces Two Major NYC Sales
The company sold the New York Marriott Marquis retail, theater and signage in a $442 million deal, as well as the W New York – Union Square, in a separate transaction.
Vornado Realty Trust Inks Long-Term Theater District Lease
Open Jar Studios will occupy roughly 51,000 square feet at 1601 Broadway, aiming to create the largest Manhattan studio encompassing rehearsal, audition and office space.
Vornado to Exit Troubled Kushner Building in NYC
Kushner Cos. will buy out Vornado Realty Trust’s nearly one-half interest in the 666 Fifth Ave. office condominium, as a sale of a similar stake to another mega-investor reportedly is pending.
Bloomberg HQ Awarded 3-Star Fitwel Certification
The 29-story office building marks the first Fitwel certification pursued jointly by a landlord and tenant. In addition, it is the first non-governmental, single-tenant property to be three-star certified.
Vornado Sells LA Office Asset for $148M
The company sold 800 Corporate Pointe, a four-story, 245,786-square-foot building in Culver City, Calif., to Northwood Investors. NKF’s Capital Markets team represented the seller in the transaction.