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How Vornado Is Expanding in Manhattan While Strengthening Liquidity
ZACKS· 2026-01-09 17:16
Key Takeaways VNO bought 3 East 54th Street for $141M, adding a demolition-ready Plaza District development site.VNO extended maturities on more than $2B of financing, pushing major facilities out to 2031.VNO leased 3.7M square feet in the first nine months of 2025, supporting higher NYC occupancy.Vornado Realty Trust (VNO) has bolstered its Manhattan strategy with the acquisition of 3 East 54th Street, a demolition-ready development site covering 18,400 square feet in the prestigious Plaza District between ...