Sports Tech Firm Genius Sports Moves U.S. HQ to Vornado’s 1290 Avenue of the Americas
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- 13 stories mentioning Vornado on the wire in the past 90 days. Vornado coverage →
Computed from Real Estate Trail’s own tracked coverage
Sports analytics and technology company Genius Sports is relocating its U.S. headquarters to 1290 Avenue of the Americas . The London-based company’s new 10-year lease with landlord Vornado Realty Trust spans 53,000 s…
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