Vornado Realty Trust

Lexington Ramps Up Deleveraging Plan

NEW YORK CITY-Lexington Realty Trust’s board of directors has targeted an annualized dividend level for 2009, which the company says will allow it to retain around $63 million of capital. "The targeted dividend for 2009 will...

BRIEF-UBS cuts price targets on several U.S. REITs

Nov 26 (Reuters) - * UBS cuts Alexandria Real Estate Equities Inc price target to $68 from $112; rating buy * UBS cuts AMB Property Corp price target to $14 from $20; rating neutral * UBS cuts Boston Properties price target to...

Invisible Hand Shakes City REITs

On Sept. 19, a full six months after Wall Street began its catastrophic decline with the demise of Bear Stearns, and just four days after Lehman Brothers, New York real estate financier extraordinaire, collapsed, two publicly...

Zacks Analyst Blog Highlights: Salix Pharmaceuticals, Ltd., AK Steel Holding Corp., GameStop...

Zacks Analyst Blog Highlights: Salix Pharmaceuticals, Ltd., AK Steel Holding Corp., GameStop Corp., Nucor Corp. and Vornado Realty TrustCHICAGOIL-ZACKS.COM CHICAGO--(BUSINESS WIRE)-- Every day the Zacks Equity Research analysts...

Vornado Realty Trust (VNO) (Zacks.com)

Monday November 24, 1:00 am ET By Greg Sukenik Vornado Realty Trust (NYSE: VNO - News ) - Vornado is a New York-based real estate investment trust (REIT) that acquires, owns, and leases office properties, retail space and...

MLB says Tribune sets Dec. 1 deadline for Cubs bids

NEW YORK - Bidders for the Cubs have until Dec. 1 to submit offers, Major League Baseball said Wednesday after a meeting of its ownership committee. Bob DuPuy, baseball's chief operating officer, said representatives of four...

MLB Network scraps plan to move to Harlem

By Associated Press Thursday, November 20, 2008 - Added 2m ago NEW YORK - Baseball’s television network won’t be relocating to a 21-story office building in Harlem. Baseball officials say the $435 million project with Vornado...

UPDATE - Economy, TARP hits US commercial property debt, stocks (at Reuters)

By Al Yoon and Helen Chernikoff NEW YORK, Nov 19 (Reuters) - The prices of bonds and stocks with exposure to commercial real estate plunged on Wednesday on fears the weakening U.S. economy could lead to a wave of defaults on...

Cheap Today, Cheaper Tomorrow?

"There is a great opportunity to purchase real estate today," Wendy Silverstein, the executive vice president of capital markets at Vornado Realty Trust, said at the conference. "Unfortunately, if you buy property today, it...

Sullivan & Cromwell Announces Newly Elected Partners (PR Newswire)

Sullivan & Cromwell LLP announced today that five attorneys have been elected partners of the Firm, effective January 1, 2009. The newly elected partners bring unique strengths and depth of experience in assisting the Firm's...

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