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Billionaire money manager Ken Griffin now has a firm financial investment in Midtown Manhattan months after a public feud with New York City Mayor Zohran Mamdani . Griffin, as part of a joint venture with Vornado Real…
Vornado Realty Trust, Ken Griffin and Rudin on Wednesday announced the closing of their joint venture to develop 350 Park Ave., a 1.9-million-square-foot office tower in Midtown Manhattan. The JV also announced $3.3 b…
Vornado Realty Trust has hired a new head of retail leasing for its Manhattan portfolio, Commercial Observer has learned. Elisa Young started Monday in her new role as executive vice president of Vornado’s retail divi…
McKinsey & Co. renewed 54,710 square feet at Vornado Realty Trust's 555 California St., according to CBRE, keeping the consulting firm in one of the Financial District's best-known towers even as AI-driven demand incr…
It’s On ! The Swiss athletic sneaker and apparel company now known as On is moving and expanding its New York City office headquarters to 85,000 square feet at Vornado Realty Trust ’s Penn 1 , Commercial Observer has…
Human resources technology company Gusto has doubled its footprint at Vornado Realty Trust ’s 2.5 million-square-foot Midtown office tower Penn 1 , also known as 1 Pennsylvania Plaza . The deal includes a 13-year leas…
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…
Vornado Realty Trust and Rudin Management have formally agreed to enter into a joint venture with an affiliate of Kenneth C. Griffin, Citadel’s founder and CEO (KG), to develop a 1.9-million-square-foot trophy office…
A $396 million commercial mortgage-backed securities (CMBS) loan secured by 85 10th Avenue , a 633,000-square-foot office property in Manhattan’s Chelsea neighborhood, has been sent to special servicing due to imminen…
Vornado Realty Trust announced Tuesday morning that it could levy as much as $350 per square foot at one of its latest office developments, at a time when rents over $300 a square foot at trophy properties are becomin…
Snap , the technology firm behind Snapchat , is taking over Verizon ’s three-floor office lease in Manhattan’s Penn District. The 198,983-square-foot sublease spans the eighth through and 10th floors of Vornado Realty…
For many people, their love of soccer — or football, as the rest of the world calls it — came from running around the neighborhood as a kid, kicking a ball into a makeshift net while excitedly yelling “goooooooal” wit…
Vornado Realty Trust has completed its previously announced acquisition of a 49% interest in Park Avenue Plaza. The 1.2-million-square-foot office property at 55 E. 52nd St. traded at a gross valuation of $1.1 billion…
Vornado Realty Trust announced that PENN 2, its reimagined office tower in the Penn District campus, is now 90% leased after completing full-floor leases with both Altana AI and Veeva. Veeva will occupy 62,223 square…
The New York Knicks and the San Antonio Spurs weren’t the only ones making moves in Manhattan’s Penn District this week, as an artificial intelligence data firm quadrupled the size of its headquarters in a relocation…
A data firm that provides software and artificial intelligence solutions for the life sciences sector is relocating its offices to the Penn District, Commercial Observer has learned. Veeva Systems signed a 62,000-squa…