Deals & Dealmakers
Insiders see keeping up with the times as best bet in ever-changing market
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Quality not quantity will determine who wins and who loses in the event of a possible market downturn, according to industry insiders. Speaking at the
Deals & Dealmakers
Vornado’s Theriot moving to D.C. for JBG Smith CFO post
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Vornado Realty Trust announced that chief financial officer Stephen W. Theriot will transfer to Washington DC to become CFO of JBG SMITH Properties.
Debt & Equity
Vornado closes on $375M refinance for 888 Seventh Avenue
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Vornado Realty Turst ended 2015 with a $375 million refinancing deal on 888 Seventh Avenue, an 882,000 s/f Manhattan office building. The five-year loan
Deals & Dealmakers
REIT boss Silverstein sees value in paying it forward
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Later this year, when the last of New York REIT’s assets is sold off, Wendy Silverstein will be out a job — and she’s okay with that. After a three-decade
Deals & Dealmakers
Vornado spins off D.C. business in $8.4B merger with JBG Companies
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Vornado Realty Trust will spin off its Washington DC business in an $8.4 billion deal that will create a merger with The JBG Companies. The combined company
Deals & Dealmakers
Software giant expands to 109,000 s/f at 1540 Broadway
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Multinational computer software company Adobe Inc. has inked a 109,296-s/f at 1540 Broadway, a 44-story, Class-A office building. Adobe has renewed its
Featured
BOMA members celebrate reaching the Pinnacle of their careers
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Last night’s BOMA/NY Oscar-style Pinnacle awards ceremony lived up to its theme as a night of firsts, inaugurating the Grand Pinnacle award for the highest
Residential
Heiberger’s TOWN opening office in Vornado’s West Side tower
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TOWN Residential is moving to Midtown West. The luxury services firm founded by Andrew Heiberger has signed a 14,000 s/f lease at Vornado’s 888 Seventh Avenue.
Construction & Design
Skanska reports Moynihan Train Hall project on fast track
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Governor Andrew Cuomo last week showed off the progress being made to overhaul Penn Station, Long Island Rail Road and the Moynihan Train Hall project.
Deals & Dealmakers
Johnson appeals to real estate world with non-partisan promise
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Just three weeks into his new role as speaker of the City Council, Corey Johnson made his pitch to the construction industry as the official who will help
Deals & Dealmakers
Cuomo names LeFrak, Roth to Penn Station task force
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Lefrak Organization CEO Richard LeFrak and Vornado CEO Steven Roth have been named to Gov. Andrew Cuomo’s task force for rehabilitating Penn Station.
Debt & Equity
Rego Park mall refinanced with $252M loan
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Vornado-managed REIT Alexander’s announced that it has completed a $252.5 million refinancing of its 609,000 s/f Rego Park II shopping center in Queens.