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Posts Tagged ‘vornado realty trust’

  • From left: 1114 Sixth Avenue, 909 Third Avenue and Interpublic Group CEO Michael Roth

    From left: 1114 Sixth Avenue, 909 Third Avenue and Interpublic Group CEO Michael Roth

    The Interpublic Group, one of the “big four” global advertising shops, is expanding its Third Avenue footprint by more than 100,000 square feet, The Real Deal has learned. [more]

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  • From left: Swatch Group CEO Nick Hayeck and the St. Regis retail condominium at 2 East 55th Street

    From left: Swatch Group CEO Nick Hayeck and the St. Regis retail condominium at 2 East 55th Street

    The Swatch Group is looking to open up an upscale shop on Fifth Avenue. [more]

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  • Wendy Silverstein

    Wendy Silverstein

    Wendy Silverstein, who as co-head of acquisitions and capital markets was the top female executive at Vornado Realty Trust, has left the multibillion-dollar real estate investment trust, according to Securities and Exchange Commission filings. [more]

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  • 220CPS

    A rendering of 220 Central Park South

    One of the mystery penthouses at 220 Central Park South is now officially listed on the project’s offering plan, and it’s asking $100 million. [more]

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  • From left: Steven Roth, Penn Station and 1 Penn Plaza

    From left: Steven Roth, Penn Station and 1 Penn Plaza

    Vornado Realty Trust is looking to upgrade the area around Penn Station, by investing money in retail space, public plazas and infrastructure. [more]

    2 Comments
  • T-Mobile will pay about $13 million per year to take space and LED signage at Vornado Realty Trust’s redevelopment project at 1535 Broadway, in Times Square’s Bow Tie, according to several industry sources familiar with the deal. [more]

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  • steven-roth-vornado

    Vornado’s Steven Roth

    The most undervalued part of Vornado Realty Trust’s portfolio is the firm’s urban retail, according to Vornado chairman and founder Steven Roth.

    “This is just one man’s opinion that the market underestimates the value of that retail buy at an enormous number, double-digit number,” Roth said during a Citigroup investor conference last week, according to a transcript cited by the Wall Street Journal. [more]

    2 Comments
  • 220 Central Park South

    A rendering of 220 Central Park South(Credit: Robert A.M. Stern Architects)

    Bring on the sales at 220 Central Park South!

    Vornado Realty Trust’s long-delayed luxury condominium got the green light on Wednesday from the New York Attorney General’s office, The Real Deal has learned. The priciest penthouse will ask between $150 and $175 million, according to well-placed sources. Click here for pricing and a peek at a handful of the building’s floor plans.

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  • From left: Steven Roth and 770 Broadway

    From left: Steven Roth and 770 Broadway

    Vornado Realty Trust saw a net profit in the fourth quarter of 2014 as well as an unexpected increase in funds from operations. [more]

    1 Comment
  • From left: Vornado Realty Trust's Steven Roth and 20 Broad Street

    From left: Vornado Realty Trust’s Steven Roth and 20 Broad Street

    IntercontinentalExchange Group, the parent company of the New York Stock Exchange, is leaving its 381,000-square-foot space at 20 Broad Street when its lease expires next year. [more]

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  • Young’uns flock to Queens’ Rego Park

    February 06, 2015 05:45PM
    rego park

    The Rego Modern at 99-39 66th Avenue in Rego Park and a rendering of QueensWay (credit: dlandstudio and WXY)

    Young professionals searching for more bang for their buck are beginning to land in Queens’ Rego Park neighborhood, where developers have been keeping busy on a variety of new buildings. [more]

    5 Comments
  • 1601 Broadway

    1601 Broadway

    UPDATED, 4:05 p.m., Feb. 17: Vornado Realty Trust paid $39 million to increase its stake in 1601 Broadway, a 46-story commercial mixed-use building in Times Square that is home to a Crowne Plaza, according to property records filed with the city and a press release from the real estate investment trust.

    The seller of the stake was the City Investment Fund, property records show. The site has about 216,000 square feet of unused air rights, according to PropertyShark. [more]

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  • neuman

    1290 Sixth Avenue and Neuberger CEO George Walker

    Neuberger Berman hasn’t moved into its new Manhattan headquarters yet, but the investment firm is already expanding its new office.

    In total, the firm will occupy roughly 400,000 square feet at its new Sixth Avenue location. [more]

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  • 280 Park Avenue in Midtown

    280 Park Avenue in Midtown

    UPDATED, Jan. 8, 12:58 p.m.: Mutual fund heavyweight Franklin Templeton and subsidiary Fiduciary Trust International signed a 15-year lease at SL Green Realty and Vornado Realty Trust’s Midtown office property 280 Park Avenue. [more]

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  • amc

    From left: Roger Sterling (John Slattery) as Santa on “Mad Men,” 11 Penn Plaza and Mary Ann Tighe

    AMC Networks, which airs TV series such as “Mad Men” and “The Walking Dead,” is expanding by 40,000 square feet at Vornado Realty Trust’s 11 Penn Plaza. [more]

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  • Clockwise from top left: Doug Harmon, Adam Spies, Marc Holliday, Barry Sternlicht, Steven Roth, Harry Macklowe and Stanley Chera

    Clockwise from top left: Doug Harmon, Adam Spies, Marc Holliday, Barry Sternlicht, Steven Roth, Harry Macklowe and Stanley Chera

    The ever-increasing throngs of brand-hungry shoppers traipsing through Manhattan has resulted in record retail deals this year. And it’s the usual suspects who are pouncing on the opportunity. [more]

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  • Michael Fascitelli and renderings of 509 West 38th Street

    Michael Fascitelli and renderings of 509 West 38th Street

    About a year and a half after he resigned as the chief executive at Vornado Realty Trust, Michael Fascitelli is back on the New York City real estate scene, quietly working on a residential development in Hudson Yards through his new investment firm. [more]

    4 Comments
  • The Center Building in Long Island City, Queens

    The Center Building in Long Island City, Queens

    Vornado Realty Trust is buying the Center Building, a 437,000-square-foot office building in Long Island City, for $142 million. [more]

    1 Comment
  • From left: Jeff Bezos and 7 West 34th Street

    From left: Jeff Bezos and 7 West 34th Street

    Online retail giant Amazon inked a 17-year lease for 470,000 square feet at a Vornado Realty Trust-owned building across the street from the Empire State Building. [more]

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  • The new LED screen at West 45th Street and Broadway

    The new LED screen at West 45th Street and Broadway (Credit: Mark Maurer)

    A countdown clock on Times Square usually means Ryan Seacrest is around and the ball is about to drop. [more]

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