NEW YORK, June 10, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it has arranged a $675 million loan on behalf of Vornado Realty Trust and Stellar Management for the refinancing of Independence Plaza, a 1,328-unit multifamily property located in the Tribeca neighborhood of Manhattan. Newmark Co-President of Glob ...

Key Takeaways Vornado's JV secured a $675 million refinancing for the Independence Plaza complex in Manhattan The new five-year, interest-only loan carries a fixed rate of 5.84% and matures in June 2030. This replaces a prior $675 million loan with a 4.25% rate that was set to mature in July 2025.Vornado Realty Trust, Inc. (VNO) announced that its joint venture (JV), in which it holds a 50.1% stake, has completed a refinancing of $675 million for Independence Plaza, a residential complex comprising 1,328 ...

NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 50.1% owned joint venture has completed a $675 million refinancing of Independence Plaza, a 1,328 unit residential complex in the Tribeca submarket of Manhattan. The five-year interest only loan matures in June 2030 and has a fixed rate of 5.84%. This loan replaces the prior $675 million loan that bore interest at 4.25% and was scheduled to mature in July 2025. Vornado Realty Trust is a fully-integrated equi ...

A month has gone by since the last earnings report for Vornado (VNO) . Shares have added about 1.2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Vornado due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, est ...

28 May 2025 | 6:25PM EDT Caitlin Burrows Vornado Realty Trust (VNO): 1Q25 Model Update: PENN 2 leasing (and NOI/FFO contribution) in focus Following 1Q25 earnings, we provide earnings call takeaways, update model and price target, and show valuation trends. For additional office insight, we are hosting meetings with HPP (on 6/3) and KRC (on 6/4) as part of NAREIT in NYC, and a separate group event with Tishman Speyer on June 10 in NYC. Please be in touch if you would like to join. Earnings call takeaways Se ...

Following 1Q25 earnings, we provide earnings call takeaways, update model and price target, and show valuation trends. For additional office insight, we are hosting meetings with HPP (on 6/3) and KRC (on 6/4) as part of NAREIT in NYC, and a separate group event with Tishman Speyer on June 10 in NYC. Please be in touch if you would like to join. Earnings call takeaways See our VNO 1Q25 First Take for details on the quarter. We highlight the following key takeaways from the earnings call: Vornado Realty Trust ...

Shares of Vornado Realty Trust (VNO) have gained 6.7% in a month, outperforming the industry’s growth of 3.4%.This office real estate investment trust (REIT) owns a concentration of high-quality office properties strategically located in markets of New York, Chicago and San Francisco. It is poised to benefit from tenants’ healthy demand for premier office spaces with class-apart amenities. A healthy balance sheet position supports its growth endeavors.Analysts seem positive about this Zacks Rank #3 (Hold) c ...

Vornado Realty Trust (VNO) announced that its 55% owned joint venture (“JV”) has entered into an agreement to sell 512 West 22nd Street, a 173,000 square foot Class A office building, for $205 million. Subject to customary closing conditions, the sale is expected to close in the third quarter of 2025.JV will use part of the proceeds to repay the $123.6 million mortgage loan encumbering the property.Past Sale of VNO's JVIn January 2025, Vornado’s 52% owned street retail JV, the Fifth Avenue and Times Square, ...

NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 55% owned joint venture has entered into an agreement to sell 512 West 22nd Street, a 173,000 square foot Class A office building, for $205 million. The sale is expected to close in the third quarter of 2025 and is subject to customary closing conditions. A portion of the proceeds will be used by the joint venture to repay the $123.6 million mortgage loan encumbering the property. Vornado Realty Trust is a fu ...

Group 1 - Vornado Realty Trust reported a total New York occupancy of 83.5% for fiscal 2025 first quarter, which is a decrease of 470 basis points compared to the same period last year and a decline from 87.6% in the fourth quarter [1] - The company is focusing on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]