What do Stephen Ross, Steve Roth, Mort Zuckerman, Douglas Durst, Ric Clark and Gerald Hines have in common?
The six landlords are all vying to take a stake in 1 World Trade Center, the since-renamed 1,776-foot “Freedom Tower” that is being developed by the Port Authority of New York and New Jersey.
According to multiple Read More
Tucked away at the bottom of Cablevision’s earnings report Thursday was a curious note: “The Board of Directors of Cablevision has authorized the company’s management to explore the spin-off of its Madison Square Garden business.”
That admission, with no additional explanation or elaboration given, touched off a flurry of speculation: Will the Dolan family, which Read More
Maybe it’s the time of year, but there was something almost biblical in Vornado chairman and CEO Steve Roth’s depiction of the horrors of what he calld “the Great Recession” in his April 2 letter to shareholders. Rather than conjuring images of “detention” and “hell,” he might as well have, for the sake of seasonsality, Read More
Billionaire and golfing ace Steven Roth believes in New York City’s real estate market, no matter how battered and bloodied and black and blue it may appear at the tail end of a brutish winter.
His gesture of confidence: Vornado Realty Trust, of which he is CEO and chairman, will within three months begin Read More
We’ve been paging through the latest round of campaign contribution filings, posted late last week, for New York officials and political parties.
One that caught our eye: A (seemingly) conflicting pair of donations from the same day; made by an unpredictable man.
Steve Roth’s Vornado Realty Trust has filed an application with the city to rezone the site of the 90-year-old Hotel Pennsylvania, clearing hurdles for the real estate firm to demolish the hotel and build an office tower of up to 2.85 million square feet in its place.
One-time demolition target Hotel Pennsylvania continues to line landlord Steve Roth’s pockets, giving him even more reason to hang on to the old McKim, Mead & White-designed lodge. Quarterly figures released this week by Mr. Roth’s Vornado Realty Trust show the historic hotel generating even more revenue than last year — a total Read More
Finally, the dithering has stopped! New York City’s real estate deciders are at last grappling with the monumental decision at hand come November: Do we want an Illinoisan or an Arizonan in the White House?
It’s taken them a while. Last we checked, in mid-July, campaign finance records showed few developers and landlords had Read More
Vornado Realty Trust isn’t hell-bent on demolishing the historic Hotel Pennsylvania, anymore — but it’s putting the paperwork in place, just in case.
Vornado recently applied for a Certification of No Harassment from the city, which, if granted, would by no means guarantee demolition but is apparently a prerequisite for tearing down the Read More
Vornado Realty Trust CEO Steve Roth is considering a design by Pritzker Prize-winning architect Richard Rogers for his planned office tower atop the Port Authority Bus terminal, a Port Authority official confirmed.
The design by Mr. Rogers, along with two other designs (New York-based SHoP was said to be working on a design for Read More
