NYSE:VNOOffice REITs
How Investors Are Reacting To Vornado Realty Trust (VNO) Penn District Retail Push And Meatpacking Refinance
Vornado Realty Trust recently announced that its 45.1% owned joint venture refinanced 61 Ninth Avenue with a US$161 million, interest-only loan maturing in March 2029, while also advancing its Penn District plan by hiring Newmark to lease over 100,000 square feet of new Seventh Avenue retail space aimed at fashion and beauty brands for completion in late 2027.
These moves highlight Vornado’s continued focus on Manhattan flagship assets, pairing long-term financing on a fully leased...