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Stock impact report

Major NYC landlords get surprise boost from growing media giant [Yahoo! Finance]

Vornado Realty Trust (VNO) 
Last vornado realty trust earnings: 2/18 04:38 pm Check Earnings Report
US:NYSE Investor Relations: vno.com/investor-relations/overview
Company Research Source: Yahoo! Finance
The media giant's 924,876 square-foot renewal and expansion at 919 Third Ave., which we reported first, came as a welcome surprise to landlord SL Green. CEO Marc Holliday revealed in his company's third-quarter investors' call that Bloomberg's commitment “was not really within [our] expectations at the beginning of this year. So it was a very pleasant surprise.” Bloomberg was a boon as well to Vornado Realty Trust. It extended its 900,000 square-foot lease at 731 Lexington Ave. to 2040, although Vornado chief Steve Roth helped the deal along with a pledge of a combination of capital upgrades and free rent worth $300 million, Crains reported. January will be another happy month for Vornado, when New York University is expected to master-lease all 1.1 million square feet of office space at 770 Broadway – home to the new Wegmans — Roth revealed in an investors' call. Not every owner or building has been so fortunate. Even so, for an undeniably challenged market, Manhattan office Show less Read more
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