NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 55% owned joint venture has completed the previously announced sale of 512 West 22nd Street, a 173,000 square foot Class A office building, for $205 million.
Related Questions
How does this transaction impact Vornado's overall portfolio exposure to Class A office space in NYC?
What is the market’s perception of the joint‑venture’s 55 % ownership stake and its exit timing?
Does the sale indicate a broader strategic shift for Vornado toward liquidity or asset reallocation?
Will the proceeds from the sale be used for debt repayment, dividend payouts, or further acquisitions?
Will the transaction influence VNO’s stock price volatility in the short term?
Is there any forward‑looking guidance from management regarding future disposition activity or capital allocation plans?
How does this deal compare to recent comparable sales by competitors such as SL Green, Boston Properties, and Prologis?
What are the tax implications of the sale for Vornado and its JV partners?
How will the $205 million sale price affect Vornado's (VNO) valuation and earnings per share?
What is the implied cap rate on the transaction and how does it compare to recent Manhattan office deals?