The Real Deal New York

Posts Tagged ‘vornado realty trust’

  • 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]

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  • 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]

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  • 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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  • Take a 3D walk through Vornado’s 90 Park

    November 18, 2014 04:35PM
    A screenshot of 90 Park Avenue (Credit: Floored)

    A screenshot of the 90 Park Avenue walkthrough (Credit: Floored)

    What’s the point of a multimillion-dollar renovation if you can’t show it off in 3D? Check out an exclusive interactive tour through Vornado Realty Trust’s 90 Park Avenue after the jump.

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  • From left: Leon Charney, Steven Roth and an LED billboard in Times Square

    From left: Leon Charney, Steven Roth and an LED billboard in Times Square

    Apparently, massive LED signage on Times Square is the new advertising. [more]

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  • Times-Square

    From left: 721 Seventh Avenue, 152 West 49th Street and 163-165 West 48th Street (Photo credit: Google)

    The Japan-based Rockefeller Group Development gave up long-held plans to build another skyscraper at Seventh Avenue between 48th and 49th streets with the sale of two parcels for $49 million, city records show. [more]

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  • facebook

    From left: 770 Broadway, Mark Zuckerberg and Jim Wenk

    Facebook is holding an official unveiling ceremony tonight to show off its new 185,000-square-foot space at the Vornado Realty Trust building at 770 Broadway. The social-media titan sees itself as a “catalyst” for the tech industry in New York City and expects the new Frank Gehry-designed space to serve as a recruiting tool. [more]

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  • From left: Blackstone's Jonathan Gray, Vornado's Steven Roth, and 1740 Broadway

    From left: Blackstone’s Jonathan Gray, Vornado’s Steven Roth, and 1740 Broadway

    Private equity giant Blackstone Group is the buyer of Vornado Realty Trust’s 1740 Broadway, The Real Deal has learned. Sources familiar with the $605 million transaction said that Blackstone made the buy through its core-plus real estate fund. [more]

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  • 304-334-Roth

    From left: 304-306 Canal Street, 334 Canal Street (Photo credit: Google) and Steven Roth

    Vornado Realty Trust confirmed today that it is the new owner of the former Pearl Paint building, marking the firm’s second retail acquisition on Canal Street south of Soho, information from its public filings show. [more]

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  • From left: Steven Roth and 1740 Broadway

    From left: Steven Roth and 1740 Broadway

    Vornado Realty Trust is selling 1740 Broadway for $605 million, or approximately $1,000 per square foot. [more]

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  • 280-park

    280 Park Avenue in Midtown and Steven Durels

    Blue Mountain Realty, a subsidiary of Midtown-based hedge fund Blue Mountain Capital, expanded its space at Vornado Realty Trust and SL Green’s 280 Park Avenue with an extra 28,857 square feet.

    The firm now occupies a total of 78,398 square feet at the 1.2 million-square-foot tower. The landlords are almost done making about $150 million in capital improvements. Flatiron District-based investment firm Thayer Street Partners also recently grabbed 7,560 square feet in the building. [more]

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  • REITs reap rewards from keeping it simple

    September 24, 2014 11:00AM
    From left: Vornado CEO and chairman Steven Roth, 666 Fifth Avenue and 100 West 33rd Street

    From left: Vornado CEO and chairman Steven Roth, 666 Fifth Avenue and 100 West 33rd Street

    In April, Vornado Realty Trust announced that it would spin off more than 80 U.S. shopping centers into a separate publicly traded real estate investment trust. The strategy — which has seen the company focus on office and retail property — fits into what has since become a broader trend of REITs slimming down portfolios and setting their sights on core business.

    The moves have been welcomed by investors, who see diversity as a liability because different types of property are valued with different models, the Wall Street Journal reported. Investors also see value in a simple, straightforward operating strategy, investors told the newspaper. [more]

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  • rizzoli-roth

    31 West 57th Street and Steven Roth

    Vornado Realty Trust and the LeFrak Organization plan to build a “seven-star hotel” on the site of iconic Rizzoli Bookstore, Vornado CEO Steven Roth said at a panel talk today.

    The developers filed plans in May to demolish the bookstore at 31 West 57th Street. It was reported at the time that high-rise condominiums would rise on the site, but instead, Roth said, it will be a commercial use. Vornado’s priorities have largely been retail and office development in recent years. [more]

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  • cassidy

    From left: 2 Penn Plaza, UBM CEO Tim Cobbold and Richard Bernstein

    Vornado Realty Trust signed marketing and communications firm UBM to a 26,444-square-foot space at Two Penn Plaza in Midtown.

    UBM, which acquired Canon Communications in 2010 for $287,000, inked a 10-year lease that consolidates three of its offices into one space. The company currently occupies an office in Manhasset on Long Island and two additional locations in the city. [more]

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  • From left: 270 Park Avenue and Jamie Dimon

    From left: 270 Park Avenue and Jamie Dimon

    JPMorgan Chase is talking to several developers about potentially moving its headquarters. [more]

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  • From left: Donny Deutsch, 111 Eighth Avenue and 330 West 34th Street

    From left: Donny Deutsch, 111 Eighth Avenue and 330 West 34th Street

    Donny Deutsch’s advertising firm is moving out of its two-floor spot at 111 Eighth Avenue, freeing up nearly 135,000 square feet for Google in the building the search giant bought in 2010. [more]

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  • 15-penn

    From left: Steven Roth, 15 Penn Plaza (right) rendering and Hotel Pennsylvania

    Amid demand from prospective office tenants seeking space, Vornado Realty Trust is considering reviving plans to demolish the Hotel Pennsylvania and construct a 3 million-square-foot office tower. [more]

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  • From left: Steven Roth and 61 Ninth Avenue

    From left: Steven Roth and 61 Ninth Avenue

    Steven Roth’s Vornado Realty Trust is in contract to lease the Prince Lumber site in the Meatpacking District. [more]

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