The Real Deal New York

Posts Tagged ‘vornado realty trust’

  • From left: Jeff Olson and Steve Roth

    From left: Jeff Olson and Steve Roth

    The speculation is over. Vornado Realty Trust will spin off its 85 shopping centers into a publicly-traded real estate investment trust. The move is in line with Vornado CEO Steven Roth’s pledge to focus the company’s efforts on core assets in New York City and Washington, D.C. [more]

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  • Rizzoli Bookstore at 31 West 57th Street

    Rizzoli Bookstore at 31 West 57th Street

    The Landmarks Preservation Commission is weighing an application to preserve the interior of the Rizzoli Bookstore, just days before the retailer plans to shut down. [more]

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  • Rizzoli Bookstore at 31 West 57th Street

    Rizzoli Bookstore at 31 West 57th Street

    WEEKENDEDITION Those hoping to save the much loved and elegant Rizzoli Bookstore remain positive despite being denied landmark status. [more]

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  • From left: 31 West 57th Street, inside Rizzoli Bookstore

    From left: 31 West 57th Street, inside Rizzoli Bookstore

    Bookstore owners are increasingly turning the page and leaving Manhattan amid soaring rents.

    Sarah McNally, owner of McNally Jackson at 52 Prince Street, sought to open a second outpost on the Upper West Side. But she said she was deterred by $40,000-plus monthly rents for tiny spaces. [more]

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  • From left: Rendering of 220 Central Park South and the site now

    From left: Rendering of 220 Central Park South and the site now

    Vornado’s sky-high tower at 220 Central Park South, originally slated to hit a height of 920 feet, will actually reach 1,031 feet tall. [more]

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  • From left: Vornado's Steven Roth and Rego Park Shopping Center in Queens

    From left: Vornado’s Steven Roth and Rego Park Shopping Center in Queens

    Vornado Realty Trust is reportedly mulling a spinoff of the company’s suburban shopping centers into a separate company. [more]

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  • Renderings of 220 Central Park South

    Renderings of 220 Central Park South

    In what will likely be one of the largest loans issued in Manhattan this year, The Bank of China was identified in city records as the company financing Vornado Realty Trust’s long-delayed luxury condominium at 220 Central Park South.  [more]

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  • broadway-mall

    Broadway Mall in Hicksville and Peter Fair

    Vornado Realty Trust sold Broadway Mall on Long Island to an investor group that included private equity bigwig KKR for $94 million.

    KKR’s partners were Clifton Realty and Continuum Partners’ Peter Fair and Pacific Retail Capital Partners. Broker Andrew Merin of Cushman and Wakefield represented Vornado in the deal. The 1.1 million-square-foot mall at 358 North Broadway in Hicksville was last renovated in 1991. Tenants include Macy’s, Ikea and Target. [more]

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  • From left: Publicis' Maurice Lévy and 1 Penn Plaza

    From left: Publicis’ Maurice Lévy and 1 Penn Plaza

    UPDATED, 10:50 a.m., Feb. 13:Advertising giant Publicis has inked a deal for nearly 114,000 square feet of temporary space in the lower floors of 1 Penn Plaza. [more]

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  • From left: Marc Holliday (Credit: Steve Friedman), 280 Park Avenue and Steve Roth

    From left: Marc Holliday (Credit: Steve Friedman), 280 Park Avenue and Steve Roth

    Vornado Realty Trust and SL Green Realty have signed two hedge funds to their jointly-owned office building at 280 Park Avenue, The Real Deal has learned. Napier Park Global Capital, a spinoff from Citigroup, will take 25,000 square feet on the third floor of the building, while Mount Kellett Capital Management will set up right above them on the fourth floor in a deal for up to 35,000 square feet. [more]

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  • 1 Park Avenue

    1 Park Avenue

    Vornado Realty Trust is asking roughly $650 million for its 20-story office tower at 1 Park Avenue, Bloomberg News reported, citing unnamed sources.

    Adam Spies and Douglas Harmon of Eastdil Secured were recruited to handle marketing for the property at East 33rd Street. The real estate investment trust saved the 925,000-square-foot tower from foreclosure in 2011 after paying $180 million to recapitalize and gain control of it from Norman Sturner’s Murray Hill Properties, as The Real Deal had reported at the time. [more]

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  • 220-cps

    Renderings for 220 Central Park South

    Vornado Realty Trust unveiled renderings for the Robert A.M. Stern-designed condominium tower at 220 Central Park South that reveal a second, smaller 14-story structure on the site. [more]

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  • 330 Madison Avenue

    330 Madison Avenue

    UPDATED: 6:04 p.m., Jan. 14, 2013

    A handful of big-name financial firms leased space in the relatively lackluster office tower 330 Madison Avenue, despite rising rents.

    New tenants include Abbott Downing, a subsidiary of Wells Fargo; Tiger Legatus Management, a spinoff of the hedge fund giant Tiger Management; Kokino, a wealth management firm; and Chimney Rock, a boutique investment firm. Although landlord Vornado Realty Trust, the city’s largest commercial owner, is asking more than $80 per square foot in some spaces, each company picked up 5,000 square feet of space on varying floors. London-based bank HSBC leased 75,000 square feet at the end of 2013. [more]

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  • From left: Steven Roth, Sam Zell and Marc Holliday

    From left: Steven Roth, Sam Zell and Marc Holliday

    New York-focused real estate investment trusts are still reeling from the Federal Reserve’s “taper talk,” but Vornado Realty Trust’s continued push to streamline its business ensured it led the pack in the fourth quarter of 2013, according to investor returns data from the investment banking firm Sandler O’Neill + Partners. [more]

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  • 866-un-plaza

    From left: Jacob Frydman, 866 United Nations Plaza, Eli Verschleiser and Meadow’s Jeffrey Kaplan

    UPDATED, 12:12 p.m., Dec. 22: The former president of United Realty Partners is suing the firm and its CEO over an allegedly improper fund transfer that resulted in United being disqualified as a prospective buyer of 866 United Nations Plaza. On Tuesday, Meadow Partners closed on the $200 million acquisition of the office tower, between First and York avenues, from Vornado Realty Trust. [more]

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  • From left: Vornado's Glen Weiss, 330 Madison Avenue and JLL's Peter Riguardi

    From left: Vornado’s Glen Weiss, 330 Madison Avenue and JLL’s Peter Riguardi

    London-based bank HSBC is bucking the current trend among financial firms of in the city of shaving space, and is instead adding a total of 75,000 square feet to their Madison Avenue outpost. [more]

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  • From left: Bruce Mosler and 1290 Sixth Avenue

    From left: Bruce Mosler and 1290 Sixth Avenue

    Publisher Hachette Book Group has inked a deal for 137,000 square feet at Vornado Realty Trust’s 1290 Sixth Avenue, filling more than half of a block to be vacated by longtime tenant Microsoft. [more]

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  • From left: Niketown at 6 East 57th Street, Donald Trump and 640 Fifth Avenue

    From left: Niketown at 6 East 57th Street, Donald Trump and 640 Fifth Avenue

    Nike is looking to vacate its “Niketown” digs at East 57th Street and is likely to jump ship to H&M’s 40,756-square-foot space at Vornado Realty Trust’s 640 Fifth Avenue. [more]

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  • Eleven Penn Plaza

    11 Penn Plaza

    Steven Roth’s Vornado Realty Trust has pocketed a cool $107 million with the completion of a $450 million refinancing of 11 Penn Plaza, the real estate investment trust said. [more]

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  • From left: Steve Roth, John Boehner and Mort Zuckerman

    From left: Steve Roth, John Boehner and Mort Zuckerman

    New York’s real estate titans, including Boston Properties’ chairman Mort Zuckerman and Vornado Realty Trust’s Steven Roth, sent a letter to top Washington D.C. leaders urging Congress to pass comprehensive immigration reform. [more]

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