VNO

Vornado’s Retail JV Completes $400 Million Refinancing of 640 Fifth Avenue

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星期一, 六月 10, 2024
Fifth Avenue, Annual report, Vornado, Vornado Realty Trust, VNO

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed a $400 million refinancing of 640 Fifth Avenue, a 315,000 square foot Manhattan office and retail property.

Key Points: 
  • NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed a $400 million refinancing of 640 Fifth Avenue, a 315,000 square foot Manhattan office and retail property.
  • The interest only, non–recourse loan carries a fixed rate of 7.47% and matures in July 2029.
  • The street retail joint venture paid down by $100 million the prior $500 million loan, which was fully guaranteed by Vornado, bore interest at SOFR plus 1.11% and was scheduled to mature in August 2024.
  • Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.

Vornado Extends One of its Two Revolving Credit Facilities

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星期一, 五月 6, 2024
Chase Bank, Deutsche Bank, JPMorgan Chase, U.S. Bancorp, J.P. Morgan & Co., Vornado Realty Trust, VNO, Sustainability, Annual report, National Association, Bank of America, PNC Financial Services, BofA Securities, Wells Fargo, Credit

NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that Vornado Realty L.P., extended one of its two unsecured revolving credit facilities from April 2026 to April 2029 (as fully extended).

Key Points: 
  • NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that Vornado Realty L.P., extended one of its two unsecured revolving credit facilities from April 2026 to April 2029 (as fully extended).
  • Vornado’s other unsecured revolving credit facility, in the amount of $1.25 billion, matures in December 2027 (as fully extended) and has an interest rate of SOFR plus 1.14% and a facility fee of 0.25%.
  • Bank of America, N.A., PNC Bank, National Association, U.S. Bank National Association and Wells Fargo Bank, National Association serve as Co-Syndication Agents.
  • Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.

Alexander’s Announces First Quarter Earnings Release Date and Vornado Realty Trust Quarterly Conference Call

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星期四, 四月 25, 2024
Vornado Realty Trust, ALX, VNO, Annual report, Webcast, Risk

Vornado Realty Trust (NYSE: VNO), the manager which conducts Alexander’s operations, announced it will host its quarterly earnings conference call and an audio webcast on Tuesday, May 7, 2024 at 10:00 a.m. Eastern Time (ET).

Key Points: 
  • Vornado Realty Trust (NYSE: VNO), the manager which conducts Alexander’s operations, announced it will host its quarterly earnings conference call and an audio webcast on Tuesday, May 7, 2024 at 10:00 a.m. Eastern Time (ET).
  • The conference call can be accessed by dialing 888-317-6003 (domestic) or 412-317-6061 (international) and entering the passcode 5722274.
  • Alexander’s, Inc. is a real estate investment trust that has five properties in the New York City metropolitan area.
  • Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements.

Vornado Announces First Quarter Earnings Release Date and Conference Call Information

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星期四, 四月 25, 2024
Vornado Realty Trust, VNO, Annual report, Webcast

The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, May 7, 2024 at 10:00 a.m. Eastern Time (ET).

Key Points: 
  • The Company will host a quarterly earnings conference call and an audio webcast on Tuesday, May 7, 2024 at 10:00 a.m. Eastern Time (ET).
  • The conference call can be accessed by dialing 888-317-6003 (domestic) or 412-317-6061 (international) and entering the passcode 5722274.
  • Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
  • Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements.

SL Green and Vornado Announce 280 Park Avenue Mezzanine Loan Repayment

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星期三, 四月 17, 2024
Newmark, SL Green Realty, Vornado Realty Trust, VNO, SLG

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO) modified and extended the $125.0 million mezzanine loan on 280 Park Avenue and subsequently repaid the loan for $62.5 million.

Key Points: 

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO) modified and extended the $125.0 million mezzanine loan on 280 Park Avenue and subsequently repaid the loan for $62.5 million.
Newmark advised the parties on the transaction.

SL Green and Vornado Announce 280 Park Avenue Mortgage Loan Refinancing

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星期三, 四月 17, 2024
SL Green Realty, Vornado Realty Trust, VNO, SLG

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO) closed on a modification and extension of the $1.075 billion securitized mortgage on 280 Park Avenue.

Key Points: 
  • NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO) closed on a modification and extension of the $1.075 billion securitized mortgage on 280 Park Avenue.
  • The modification extended the maturity date to September 2026, with the partnership’s option to extend to a fully extended maturity date of September 2028.
  • The interest rate was maintained through the fully extended maturity date at 1.78% over Term SOFR.

SL Green and Vornado Announce 280 Park Avenue Mortgage Loan Refinancing

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星期三, 四月 17, 2024
SL Green Realty, Vornado Realty Trust, VNO, SLG

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO) closed on a modification and extension of the $1.075 billion securitized mortgage on 280 Park Avenue.

Key Points: 
  • NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO) closed on a modification and extension of the $1.075 billion securitized mortgage on 280 Park Avenue.
  • The modification extended the maturity date to September 2026, with the partnership’s option to extend to a fully extended maturity date of September 2028.
  • The interest rate was maintained through the fully extended maturity date at 1.78% over Term SOFR.

SL Green and Vornado Announce 280 Park Avenue Mezzanine Loan Repayment

Retrieved on: 
星期三, 四月 17, 2024
Newmark, SL Green Realty, Vornado Realty Trust, VNO, SLG

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO) modified and extended the $125.0 million mezzanine loan on 280 Park Avenue and subsequently repaid the loan for $62.5 million.

Key Points: 

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG) and Vornado Realty Trust (NYSE: VNO) modified and extended the $125.0 million mezzanine loan on 280 Park Avenue and subsequently repaid the loan for $62.5 million.
Newmark advised the parties on the transaction.

Vornado Releases 2023 Sustainability Report

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星期三, 四月 10, 2024
Vornado, Vornado Realty Trust, VNO, Annual report, Electricity, Guarantee of origin, Wind, Renewable energy

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) announced today that it released its 2023 Sustainability Report.

Key Points: 
  • NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) announced today that it released its 2023 Sustainability Report.
  • This Sustainability Report is Vornado's 15th consecutive annual report which highlights the Company's industry-leading accomplishments in sustainability and provides key metrics on the Company’s sustainability priorities.
  • Key sustainability achievements for 2023 include:
    Procured 100% renewable energy credits (RECs) for electricity directly managed by Vornado in the key markets in which we operate.
  • Our report, along with expanded information on Vornado’s sustainability programs, can be found on the Company's website located at www.vno.com.

Vornado Realty Trust Announces Famed Avra Group Will Open a New 20,000 SF Restaurant in THE PENN DISTRICT

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星期二, 二月 20, 2024
VNO, The Dead Rabbit, Pennsylvania Station, PENN 1, Amtrak, New Yorker, Rabbit, Metro-North Railroad, Studio, Vornado Realty Trust, NJ Transit, CBRE, Retail leasing, Food, Hotel, Vornado, Long Island Rail Road, James A. Farley Building, PATH, 33rd Street, Hotel Chelsea

NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that The Avra Group will open its famed Mediterranean restaurant in THE PENN DISTRICT, one of the most desirable and convenient locations in Manhattan, sitting directly atop Penn Station.

Key Points: 
  • NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that The Avra Group will open its famed Mediterranean restaurant in THE PENN DISTRICT, one of the most desirable and convenient locations in Manhattan, sitting directly atop Penn Station.
  • Avra Estiatorio in THE PENN DISTRICT will be reminiscent of a classic Mediterranean restaurant with an elegant design led by Rockwell Group Partner and Studio Leader Shawn Sullivan.
  • We are confident Avra will exemplify the standards of THE PENN DISTRICT through top-notch cuisine, exquisite design, and unparalleled service,” said Ed Hogan, Executive Vice President for Retail Leasing at Vornado Realty Trust.
  • The Avra Group was represented by Gary Trock at CBRE and Vornado was represented in house by Ed Hogan.