Despite the cloud of uncertainty hanging over New York City real estate in recent months, Vornado Realty Trust’s latest earnings call started on a positive note thanks to Facebook’s finalized deal to lease the Farley Post Office redevelopment. “We normally don’t go for the drama of timing deals with earnings calls, but this one just worked out that way,” CEO Steve Roth said on Tuesday’s call, referring to the announcement the day before that the
source https://therealdeal.com/2020/08/04/vornado-may-convert-midtown-j-c-penney-space-to-last-mile-facility/
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