New York workers' return to office ignites deal hopes in battered real estate market [Yahoo! Finance]
Vornado Realty Trust (VNO)
Last vornado realty trust earnings: 2/18 04:38 pm
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Source: Yahoo! Finance
office properties in New York as companies call employees back to the office, fueling a nascent recovery in the battered commercial real estate market. The increasing appetite for offices in New York and beyond could signal a broader economic recovery for major cities worldwide as many workers return in person five days a week, lifting demand for local services. The turnaround comes after investors shunned emptied-out commercial spaces for years after the pandemic. Real estate investors, consultants and bankers say demand is rising for top-quality offices in New York, spurring them to strike more deals. Among the bullish signs are Amazon hunting for space, BXP holding talks with tenants for new building and Blackstone getting more optimistic on the sector. Blackstone's President Jonathan Gray said offices in New York City and San Francisco offer compelling value. "In New York, you have financial services firms who are growing rapidly, you don't have any new building," Gray tol
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News
- Vornado Realty Trust (NYSE:VNO) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Reassessing Vornado Realty Trust After Sharp Swings In New York Office Market Expectations [Yahoo! Finance]Yahoo! Finance
- Celebrating Excellence, Innovation, and Shared Value in the Year of the Horse [Yahoo! Finance]Yahoo! Finance
- Vornado Realty Trust (NYSE:VNO) had its price target lowered by analysts at Truist Financial Corporation from $40.00 to $36.00. They now have a "hold" rating on the stock.MarketBeat
- Vornado Realty Trust (NYSE:VNO) had its price target lowered by analysts at Evercore ISI from $43.00 to $42.00. They now have an "outperform" rating on the stock.MarketBeat