Vornado Realty Trust VNO

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Ken Griffin went to Oslo, called the New York mayor's video creepy, and threatened to take Citadel's jobs to Miami. Then the demolition crews showed up anyway.

Vornado Realty Trust recently agreed to form a joint venture with Rudin Management and an affiliate of Kenneth C. Griffin to develop a 1.9 million square foot, US$6.20 billion trophy office tower at 350 Park Avenue, with Griffin owning 60%, Vornado 36% and Rudin 4%. By contributing US$500 million of land and committing about US$400 million of additional capital while also acting as developer, operating member, property manager and leasing agent, Vornado is tying its future closely to a...

Vornado Realty Trust (VNO) has drawn fresh attention after agreeing to a joint venture with Rudin Management and an affiliate of Kenneth C. Griffin to develop a 1.9 million square foot office tower at 350 Park Avenue. See our latest analysis for Vornado Realty Trust. The joint venture news lands at a time when Vornado Realty Trust’s share price has eased slightly in the near term, with a 30 day share price return of 2.13% down. However, the 90 day share price return of 27.53% and three year...

Vornado Realty Trust (NYSE: VNO) entered a joint venture to develop a 1.9 million square foot office tower at 350 Park Avenue in Manhattan. The partnership brings together Vornado, Rudin Management, and an affiliate of Kenneth C. Griffin for the high profile Park Avenue project. The development is expected to be a major Class A office property, with a significant capital commitment from the partners. Investors are watching the deal closely given its potential influence on Vornado's long term...

A $396M CMBS loan on Vornado and Related’s Google-anchored Chelsea office entered special servicing amid NYC office pressures.