Vornado Realty Trust News

Penney's board unchanged despite losses

Vornado Realty Trust and a handful of key Lincoln Road property owners have endorsed South Beach Ace's proposal to modernize the Miami Beach Convention Center.

The priciest office lease deal signed in the first quarter of 2013 was Macy's $620-plus million renewal at 11 Penn Plaza, according to The Real Deal's first-ever quarterly ranking of Manhattan's most valuable leases.

Owners of the sprawling home to businesses including CineBistro, LA Fitness and Pottery Barn began seeking bidders over the past week but have given no listing price, said Madison Marquette senior vice president Chuck Taylor, whose firm is a partial owner.

The company has announced that Michael D. Fascitelli and Michael Ward have resigned their spots on the company's board of directors.

Green Street Advisors' Mike Kirby likes Equity Residential, Taubman Centers and Vornado Realty Trust.

There are a couple of malls in the area that could be accurately described as "Where Happiness Goes to Die" , but Springfield Mall might be in worse shape than any of them.

Vornado Realty Trust chairman Steven Roth could be ousted from the board of J.C. Penney for playing a role in recruiting the retailer's ousted CEO Ron Johnson, the Wall Street Journal reported.

We have been following J.C. Penney Company Inc. off and on since 2011 because Bill Ackman had taken a position in JCP and because Ackman was influential in recruiting Ron Johnson away from Apple Retail in order to become JCP's new CEO to succeed Myron Ullman, who was JCP's CEO from 2004-2011. Although we demurred from taking a stake in JCP, we were ... (more)

Vornado Realty Trust has locked in Whole Foods Market Inc. for its 700-unit residential project on the border of Pentagon City and Crystal City, company leaders said Tuesday in their quarterly earnings call.

Vornado Realty Trust recently reported its first quarter earnings and discussed the following topics in its earnings conference call.

's stock had its "overweight" rating reiterated by investment analysts at JPMorgan Chase in a note issued to investors on Tuesday, Analyst Ratings Network.com reports.

Michael Fascitelli as CEO for an expected short run in the post, deflected analysts' inquiries on the company's first-quarter call May 7 about his second tour as chief executive, but then was persuaded to provide some color.

Posting an Internship? The help you need could help a student get the experience today's job market demands! Post your Intern Jobs on GlobeSt.com Career Center.

The shuttered Springfield Mall under reconstruction in late February. It will reopen in mid-2014 as the $225 million Springfield Town Center.

Real estate investment trust Vornado Realty Trust said its first-quarter results were hurt by its investment in J. C. Penney Co.

Vornado Realty Trust delivered a profit and missed Wall Street's expectations, BUT beat the revenue expectation.

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.

Vornado Realty Trust said a key metric of real estate investment trust performance fell in the first quarter, hurt by its investment in J C Penney Co Inc and weakness in its Washington office portfolio.

Vornado Realty Trust announced a quarterly dividend on Thursday, May 2nd, AnalystRatingsNetwork.com reports.