Vornado Realty Trust (VNO) News
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VNO News Highlights
- For VNO, its 30 day story count is now at 8.
- Over the past 23 days, the trend for VNO's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- BX, RTX and HPP are the most mentioned tickers in articles about VNO.
Latest VNO News From Around the Web
Below are the latest news stories about VORNADO REALTY TRUST that investors may wish to consider to help them evaluate VNO as an investment opportunity.
Unpacking the Risks and Rewards of Investing in Vornado Realty Trust
Shake Shack upgraded, DoorDash downgraded: Wall Street's top analyst calls
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at RTX, Vornado Realty Trust, New Relic, and Carrier Global. RTX (NYSE:RTX) received two new downgrades yesterday after the company warned that it would take a $3 billion financial hit and told airlines that it may need to ground hundreds of airplanes due to a manufacturing flaw related to its Geared Turbofan (GTF) engines.
Bears are betting on a "Big Short"-style meltdown in 2023.
Most Hollywood creatives have been on strike this year, but New York is betting the entertainment industry will need state-of-the-art studio space minutes from Midtown in the near future. Vornado Realty Trust (VNO), Hudson Pacific Properties and Blackstone (BX) are joining the city in a $350 million public-private partnership to build Manhattan’s first-ever production studio center on Pier 94 on the Hudson River, the city announced Tuesday.
Vornado (VNO) joins forces with Hudson Pacific, Blackstone, the City of New York and NYCEDC to develop NYC's first-of-its-kind studio campus for a joint investment amount of $350 million.
The venture is investing $350 million in a wager that demand from streaming services is strong enough to justify Manhattan’s high development costs.
Vornado Realty Trust, Hudson Pacific, Blackstone, and New York City Economic Development Corporation to Create Public-Private Partnership and First Purpose-Built Studio Campus in Manhattan at Pier 94
NEW YORK & LOS ANGELES, August 29, 2023--Today, Vornado Realty Trust (NYSE: VNO), Hudson Pacific Properties (NYSE: HPP), Blackstone (NYSE: BX), the City of New York, and New York City Economic Development Corporation (NYCEDC) announced they have entered into Manhattan’s first public-private partnership venture to build a purpose-built studio campus at Pier 94. Vornado, who contributed its long-term leasehold for Pier 94 to the venture, will own 49.9%; Hudson Pacific will own 25.6%; and Blackston
Vornado Realty's (VNO) properties are poised to attract tenants due to the solid desire for top-notch assets. Its repositioning efforts bode well, though high interest rates remain a key concern.
With sentiment shifting back towards bearish, you may want to tread carefully in the sector, but in particular, stay away from these seven REITs to avoid in August.