Vornado Realty Trust is increasing its focus on its $2 billion investment in the redeveloped Penn Station-area office towers by bringing in new dining options, including a 150-seat outpost of the Bromberg brothers’ Blue Ribbon empire at Penn 1. This move marks Vornado’s most significant culinary endeavor at its Penn campus, which has seen tremendous …
Apple Bank is leaving its outdated location at 250 W. 23rd St. for a modern space at 278 Eighth Ave., a new 14-story rental apartment building developed by the Jemal family’s JJ Operating Inc. and Alchemy-ABR Investment Partners. The new branch, spanning 2,800 square feet, will have high visibility in the Chelsea neighborhood, where Apple …
Office tenants in today’s challenging market aren’t only interested in brand-new towers when seeking quality. The concept of “flight to quality” extends to properties built in the 20th Century that have undergone extensive reinvestment, making them “new” once again. Vornado Realty Trust recognized the potential of the once-obsolete office tower located on Seventh Avenue between …
Cedric Bobo, founder of Project Destined, a social impact platform, has introduced a new program aimed at helping Black student-athletes transition into the commercial real estate market. The program provides paid internships and training in finance, with a focus on real estate investing. It has already garnered support from major real estate firms, including Boston …
Vornado Realty Trust is continuing its office upgrades in the Penn Station area with a $2 billion investment. The enhancements have included various improvements such as new office building facades, public spaces, and amenities for tenants. However, the latest addition is truly one of a kind – pickleball courts. Yes, you read that right. Vornado …
New York’s gambling-addicted politicians and their wealthy donors are embroiled in yet another sleazy scandal involving pay-for-play schemes and shady connections. Governor Kathy Hochul, who already has a long history of unscrupulous dealings, was recently spotted cozying up to billionaire Steve Cohen, owner of the New York Mets and aspiring gambling magnate. Cohen has poured …