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Vornado Discloses $48 Million Manhattan Office Loan Default as Quarterly Loss Reaches $47 Million

Vornado Discloses $48 Million Manhattan Office Loan Default as Quarterly Loss Reaches $47 Million

by Nathan S. Pierce | Nov 3, 2026 | Commercial Real Estate News, Real Estate News

A $48 million mortgage on a Manhattan office property owned through a Vornado Realty Trust joint venture matured without repayment on October 26, according to a newly released company financial report. The disclosure underscores the uneven state of office real estate...
Vornado Realty Trust Purchases Manhattan Office Tower for $218 Million

Vornado Realty Trust Purchases Manhattan Office Tower for $218 Million

by Phil Hall | Aug 25, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Vornado Realty Trust (NYSE: VNO) has announced its $218 million acquisition of the 623 Fifth Avenue office condominium in Midtown Manhattan. The 36-story, 382,500-rentable-square-foot building is based directly above the flagship Saks Fifth Avenue department store and...
St. Patrick’s Cathedral Sells Air Rights to Ken Griffin

St. Patrick’s Cathedral Sells Air Rights to Ken Griffin

by Phil Hall | Dec 13, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

New York City’s landmark St. Patrick’s Cathedral is in a contract to sell some of its air rights to hedge fund executive Ken Griffin. Bloomberg reported Griffin, the CEO of Citadel LLC, is partnering with Vornado Realty Trust and Rudin Management on the creation of a...
Jason Kirschner Joins Vorando Realty Trust as EVP and Head of Capital Markets

Jason Kirschner Joins Vorando Realty Trust as EVP and Head of Capital Markets

by Phil Hall | Oct 11, 2023 | Commercial Real Estate News, Current News & Events, Real Estate Investing, WRE News Exclusive

New York City-based Vornado Realty Trust (NYSE:VNO) has hired Jason Kirschner as executive vice president and head of capital markets. Kirschner will report to Michael Franco, Vornado’s president and chief financial officer. He brings more than 20 years of experience...

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