Vornado Realty Trust
Coverage of Vornado Realty Trust in the Nexus archive.
- Bond Trader Bets on Fed Hike Poised for Gut Check From Jobs Data
A bond trader is betting on a Federal Reserve interest rate hike, which will be tested by upcoming jobs data. Vornado Realty Trust's office tower development in New York City for Citadel faces risks due to Mayor Zohran Mamdani's proposed tax changes.
- New York real estate titan likens the phrase ‘tax the rich’ to racial slurs
New York City billionaire Steve Roth compared the phrase 'tax the rich' to racial slurs, expressing support for fellow billionaire Ken Griffin. The comment was made in response to New York's mayor announcing a tax on second homes worth over $5m. The tax targets homes valued at more than $5 million.
- Billionaires of the world, unite!
Billionaire real estate magnate Steve Roth stands strong with fellow billionaire Ken Griffin in a spat with Mayor Zohran Mamdani over taxation of the wealthy. Roth thinks the ultra-rich should be praised and thanked instead of being taxed more. The dispute may impact a $6 billion plan to develop a Midtown office tower.