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Vornado Realty Trust (VNO)

43.26
+0.68 (1.60%)

Vornado Realty Trust is a prominent real estate investment trust (REIT) that focuses on owning, managing, and developing a diverse portfolio of high-quality commercial properties, primarily in major urban markets such as New York City and Washington, D.C. The company specializes in office buildings, retail spaces, and mixed-use developments, leveraging its strategic locations and market expertise to maximize value for investors and tenants alike. Vornado is known for its commitment to innovative design, sustainable practices, and creating vibrant environments that enhance the urban experience, positioning itself as a leader in the real estate industry.

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Vornado Realty Trust, Hudson Pacific, Blackstone, and New York City Economic Development Corporation to Create Public-Private Partnership and First Purpose-Built Studio Campus in Manhattan at Pier 94
Today, Vornado Realty Trust (NYSEVNO), Hudson Pacific Properties NYSE: HPPNYSEHPP)(NYSE: BXNYSEBX, the City of New York, and New York City Economic Development Corporation (NYCEDC) announced they have entered into Manhattan’s first public-private partnership venture to build a purpose-built studio campus at Pier 94. Vornado, who contributed its long-term leasehold for Pier 94 to the venture, will own 49.9%; Hudson Pacific will own 25.6%; and Blackstone’s institutional Core+ Real Estate strategy will own 24.5%. Vornado will be responsible for development and Hudson Pacific will provide design oversight and manage the facility’s leasing and operations.
By Hudson Pacific Properties · Via Business Wire · August 29, 2023
5 Best Office REITs to Buy Now
Office REITs own and manage office space and lease it to various tenants. Learn more about investing in office REITs and the top office REITs to buy.
Via MarketBeat · August 2, 2023
Are Dividend-Paying Office REITs Finally Staging A Comeback?
Dividend-paying Office REITs, beaten down due to remote work and declining occupancy rates, show signs of recovery as recent developments boost stock prices.
Via MarketBeat · July 7, 2023
General Electric Stock, The Sum of All Parts Strategy is Paying Off
Industrial power solutions company General Electric Company (NYSEGE) stock has climbed over 20% in 2023 as positive sentiment for its restructuring gains
Via MarketBeat · January 16, 2023
Revolutionary Heart Therapy Offers Hope to Patients and Investors Alike
Palm Beach, FL – May 31, 2022 – FinancialNewsMedia.com News Commentary – Diabetes is a chronic health condition that occurs when your body’s blood glucose, also called blood sugar, is too high. Blood sugar must be carefully regulated to ensure the body functions properly. Too much blood sugar can then cause serious damage to organs, […]
Via FinancialNewsMedia · May 31, 2022