Artificial Intelligence
Builders Company
Developers/Vornado Realty Trust
VR
Vornado Realty TrustNew York, United States · founded 1982 · 1 active markets
PUBLIC LISTED

Vornado develops, redevelops, owns and manages office, retail, residential and studio assets, concentrated in New York City, with major holdings in Chicago and San Francisco. Its tenants include businesses, retailers, media producers and residents seeking workplaces, services and homes alike.

Years in business
44
founded 1982
Employees
3,145
employees, as reported in a filing · December 31, 2025 · size band 1,001–5,000
LinkedIn headcount
1001-5000
employees, as shown on LinkedIn
Projects last researched October 15, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Vornado Realty Trust1
Headquarters
888 Seventh Avenue1, New York1, United States
Founded
19821
Entity type
PUBLIC LISTED1
Business model
commercial1, mixed use1
Markets
1 market listed
What they build
Office (7 of 10) · Retail (6 of 10) · Mixed use (3 of 10)
Full dossier in About →

Delivery record

5 date-assessed of 10 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
10
within the rolling ten-year window
Median delay
+2.5 mo
the middle of 5 scored projects
Average delay
+2.8 mo
the same projects, pulled by the worst
Average time to deliver
3.0 yrs
start to completion, over 3 delivered projects
Worst slip
+12.0 mo
606 Broadway · +1.0 to +23.0
4
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
0
red rows below

Against other developers

5 date-assessed here · 235 developers, 871 date-assessed projects in United States
Median delay
Vornado Realty Trust·235 developers in United States
+2.5 mo vs +4.5 mo
this developer 2.0 mo better
The typical project on each side.
Average delay
Vornado Realty Trust·235 developers in United States
+2.8 mo vs +7.6 mo
this developer 4.8 mo better
Both pulled by their worst few.
On time
Vornado Realty Trust·235 developers in United States
80% vs 55%
this developer 25 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Vornado Realty Trust·235 developers in United States
3.0 yrs vs 2.9 yrs
this developer 0.1 yrs slower
Start to completion, over 3 delivered here and 721 in the market.
Projects and timelines in Track Record →

Resident experience

9 of 10 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.9/ 10
Weighted judgment across build and operations · from 9 of 9 rated buildings
Structure & systems
6.5/ 10
Fabric, services, waterproofing, envelope · from 3 of 9 rated buildings
Management & living
8.2/ 10
Upkeep, response times, amenities, community · from 8 of 9 rated buildings

Against other developers

9 rated here · 254 developers, 1311 rated buildings in United States
Overall rating
Vornado Realty Trust · 254 other developers in United States
7.9 vs 7.8
this developer 0.1 better
The weighted verdict on each side. From 9 of 9 rated buildings here and 1311 in the market.
Structure & systems
Vornado Realty Trust · 254 other developers in United States
6.5 vs 7.0
this developer 0.5 worse
Fabric and engineering only — fixed at handover. From 3 of 9 rated buildings here and 550 in the market.
Management & living
Vornado Realty Trust · 254 other developers in United States
8.2 vs 7.4
this developer 0.8 better
Upkeep and response — belongs to whoever runs the building now. From 8 of 9 rated buildings here and 1264 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • FINANCIAL DISTRESS Default declared December 10, 2025; forbearance agreement March 9, 2026; reported August 3, 2026 Vornado disclosed that the $244.543 million non-recourse mortgage on 888 Seventh Avenue matured unpaid on December 10, 2025 and the lenders declared an event of default; on March 9, 2026, the parties entered a forbearance agreement under which remedies were deferred through March 2027 while scheduled interest and amortization continued to accrue for later payment.
  • FINANCIAL DISTRESS Notice of default October 2025; cured November 2025; reported February 9, 2026 A joint venture in which Vornado owns 22.2% received an October 2025 notice of default on the $800 million non-recourse mortgage secured by 650 Madison Avenue for failure to pay the full interest and reserve amounts due; the joint venture cured the default in November 2025 and the loan was reported to be in good standing thereafter.
  • DELIVERY DELAY Reported November 18, 2024; postponements described as ongoing at that time Reporting on the Penn District said Vornado had postponed at least eight office-tower projects and halted all but two of the ten planned construction projects after the office-market downturn; the reporting also said Vornado had slow-walked the redevelopment, while the company still stated that it hoped to build a 100-story tower at the former Pennsylvania Hotel site.
  • 5 more in Risk & Sources
Record status
active
Company sources
148 source entries across 148 fields
Projects tracked
10 · 10 completed in assessment
All flags and sources →

Track Record

Delivery record

5 date-assessed of 10 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
10
within the rolling ten-year window
Median delay
+2.5 mo
the middle of 5 scored projects
Average delay
+2.8 mo
the same projects, pulled by the worst
Average time to deliver
3.0 yrs
start to completion, over 3 delivered projects
Worst slip
+12.0 mo
606 Broadway · +1.0 to +23.0
4
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
0
red rows below

Against other developers

5 date-assessed here · 235 developers, 871 date-assessed projects in United States
Median delay
Vornado Realty Trust·235 developers in United States
+2.5 mo vs +4.5 mo
this developer 2.0 mo better
The typical project on each side.
Average delay
Vornado Realty Trust·235 developers in United States
+2.8 mo vs +7.6 mo
this developer 4.8 mo better
Both pulled by their worst few.
On time
Vornado Realty Trust·235 developers in United States
80% vs 55%
this developer 25 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Vornado Realty Trust·235 developers in United States
3.0 yrs vs 2.9 yrs
this developer 0.1 yrs slower
Start to completion, over 3 delivered here and 721 in the market.
The market here is United States: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

10 of 10 projects dated · 3 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
New York City, United States
New York, United States
San Francisco, United States
2015201620172018201920202021202220232024202520262027todayNEW YORK CITY, UNITED STATES+2.5 moverifiedcompleted, no target published−3 moverifiedNEW YORK, UNITED STATES+27 moestimated+2.5 moverified+53.5 moestimated+11.5 moestimated+12 moverifiedon timeverifiedSAN FRANCISCO, UNITED STATEScompleted, no target published
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 1 dated statement is held back: a broker listing with no date on it, or a page with no year, cannot fix a date. 3 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

9 of 10 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.9/ 10
Weighted judgment across build and operations · from 9 of 9 rated buildings
Structure & systems
6.5/ 10
Fabric, services, waterproofing, envelope · from 3 of 9 rated buildings
Management & living
8.2/ 10
Upkeep, response times, amenities, community · from 8 of 9 rated buildings

Against other developers

9 rated here · 254 developers, 1311 rated buildings in United States
Overall rating
Vornado Realty Trust · 254 other developers in United States
7.9 vs 7.8
this developer 0.1 better
The weighted verdict on each side. From 9 of 9 rated buildings here and 1311 in the market.
Structure & systems
Vornado Realty Trust · 254 other developers in United States
6.5 vs 7.0
this developer 0.5 worse
Fabric and engineering only — fixed at handover. From 3 of 9 rated buildings here and 550 in the market.
Management & living
Vornado Realty Trust · 254 other developers in United States
8.2 vs 7.4
this developer 0.8 better
Upkeep and response — belongs to whoever runs the building now. From 8 of 9 rated buildings here and 1264 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

9 rated · 1 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
61 Ninth AvenueMeatpacking District, New York
9.3/ 10
—/ 10
9.3/ 10

The only published aggregate located for the address is 4.7/5 from 57 reviews, which sets the level and converts to 9.1/10 under the stated curve. The written comments are mostly positive about the location and visitor attractions, supporting a modest upward commentary adjustment, but they do not provide evidence about residential management or building systems.

+ Popular nearby destinations+ Positive visitor experience+ Starbucks Reserve attraction
− Crowding− Occasional protests outside

no notes returned

no links returned

The available reviews describe the address mainly as a visitor destination rather than a residence or residential-management experience. Positive comments call the area “really enjoyable,” “the best place to visit,” and highlight the Starbucks Reserve Roastery; one review says it was “a little crowded” with “some protesting outside,” but otherwise okay.

The Farley Building — commercial redevelopmentNew York
9.1/ 10
—/ 10
9.1/ 10

The building-specific Google Reviews/Maps aggregate of 4.7/5 from 18 reviews sets the anchor, converted to 9.1/10 using the stated curve. The visible written reviews were uniformly positive, but no recurring complaint theme or building-condition review evidence was found to justify a further adjustment; the score therefore reflects the anchor alone and does not infer residential performance from the commercial property description.

+ Office atmosphere+ Historic character+ Convenient Penn Station location+ Train hall+ Clean and quiet travel access

no notes returned

no links returned

The visible reviews emphasize the everyday experience of visiting and working around the property rather than residential management: one reviewer praised “the walls, the artwork and the vibe,” while another called the train hall “Good.” A separate review described the Amtrak access as “clean, quiet, & luxurious,” and another simply noted that the building is “Right near Penn Station.”

Moynihan Train HallMidtown West, New York
8.2/ 10
—/ 10
8.2/ 10

Google Reviews/Maps has the largest reported review base at 309 and its published 4.5/5 converts to 8.5 under the supplied curve. Tripadvisor and Yelp are materially lower at 4.0/5 and 4.1/5, so the score is pulled down modestly in proportion to their smaller bases; repeated praise for cleanliness, design and helpful staff partly offsets that movement. The evidence supports a strong living-quality assessment, but no separate structure score because no source published a building-systems rating or a specific systems defect.

+ Clean and well-maintained+ Modern architecture+ Spacious concourse+ Clear signage and wayfinding
+ Clean common areas+ Helpful staff+ Clear signage+ Food and coffee options+ Secure and orderly atmosphere
− Limited seating near boarding areas− Long restroom lines− Some boarding/announcement confusion

Reviewers repeatedly describe the hall as “clean,” “spacious,” modern and easy to navigate, and Tripadvisor readers praised its light-filled design and vaulted historic building. No reviewed source supplied a specific defect involving the framework, plumbing, HVAC, electrical infrastructure or waterproofing; the reported physical criticisms concerned seating and restroom capacity rather than a structural failure.

The dominant day-to-day feedback is favorable: reviewers call the hall “clean and neat,” say staff were “very helpful and nice,” and describe many food options and available security personnel. The recurring practical drawback is limited seating near boarding areas; other reviews report restroom waits of 20–30 minutes and occasional confusion when a track changes or announcements are missed.

PENN 2PENN DISTRICT, New York City
8.2/ 10
—/ 10
8.2/ 10

The 4.4/5 building-level aggregate based on 19 reviews sets the level; using the stated market conversion curve, 4.4/5 converts to 8.2/10. The sampled written feedback is predominantly positive, but the one security complaint is not recurring or a severe failure, so it produces no additional adjustment.

+ Fresh carpet+ Modern appearance+ Natural light+ Column-free floor plates
+ Professional service+ Attractive venue+ Multi-use event space+ Outdoor work and social spaces
− Security exclusion complaint

The published material describes a major redevelopment with a new curtain wall, extensive outdoor space and a column-free floor with abundant natural light. A reviewer specifically praised the “fresh carpet,” while independent reporting described the transformed building as “better than a hermetically sealed new glass box”; no published review evidence identified leaks, plumbing, HVAC, electrical or lift failures.

Most sampled reviews describe the venue positively: “Multi-use space great for meetings, parties, receptions, etc.” and “Muy profesional y muy buen servicio cliente.” One reviewer said security immediately asked them to leave an otherwise empty seating area while they were unwell, so the security experience was not uniformly positive.

PENN 1PENN DISTRICT, New York City
8.1/ 10
—/ 10
8.1/ 10

The Google Reviews/Maps aggregate for the PENN 1 building is 4.2/5 from 3,404 reviews, which sets the anchor at 7.8/10 under the requested conversion curve. Repeated praise for cleanliness, helpful staff, security and amenities supports a modest upward adjustment; the published evidence contains no recurring serious or moderate failure theme.

+ Clean and inviting common areas+ Helpful desk staff+ Professional security+ Strong lobby and amenity offering+ Open space and seating
− Vehicle retrieval delay− Limited seating for older train passengers− Homeless activity around the station

no notes returned

no links returned

Published reviews describe PENN 1 as “very clean and inviting,” with helpful desk staff, a “tremendous lobby,” good technology and “great service.” The main operational criticism was a reported 30–35 minute wait to retrieve a car; another review said there were not enough places for older people to sit while waiting for the train, while a separate review noted homeless people around the station despite describing security as strong.

220 Central Park SouthMidtown, New York
8.0/ 10
7.5/ 10
8.5/ 10

Google’s 4.5/5 from 30 reviews is the only rating with a review base large enough to anchor the score, converting to 8.5/10 under the requested curve. The one-review Openigloo 5.0/5 result is reported but cannot anchor the score, while the later water lawsuit and related testing allegations justify a limited downward adjustment; the building’s structure score remains provisional because most physical-condition evidence is a single disputed case rather than a resident rating.

+ No open HPD housing-code violations+ No open HPD Class B or C violations+ No open HPD pest violations+ No recorded bedbug infestations in the cited five-year series+ Minimal mapped flood hazard
− Alleged persistent murky hot water− Elevated metals reported in water testing− Possible plumbing-related metal leaching− Open DOB violations remain− Boiler inspection-filing violations
+ Friendly staff reported by a tenant+ Full-time doorman+ Concierge service+ Large pool, gym and wellness amenities+ Central Park views and location
− One report of a rude concierge− One report of very slow service− High expense reported− High nearby street-noise signal

A 2026 report on a Manhattan Supreme Court lawsuit says one owner alleged that hot water had been “milky” and “white” for about seven years, with elevated zinc, aluminum, iron and copper found in testing; the building’s association disputed the claim and said its routine testing found the water safe. Separately, the cited city-record summary reports no open HPD violations but 33 open DOB violations, including repeated low-pressure-boiler inspection-filing violations; these are record findings rather than a published resident rating.

Resident-facing material describes “Friendly staff, amazing views, large apartments,” while public place reviews praise the view and building but include one complaint calling the concierge “Very rude” and another describing service as “very messy, very slow.” The building has extensive amenities and formal front-desk/digital-service infrastructure, but the public review evidence is mixed in quality because much of the Google material appears to come from visitors rather than long-term residents.

345 Montgomery StreetSan Francisco
7.9/ 10
7.5/ 10
7.5/ 10

Google Maps supplies the only building-specific aggregate, 5/5 from one review, whose unconstrained conversion is 10. The evidence is unusually thin and visitor-based rather than resident-based, so the under-10-review rule limits the score to 7.5; repeated praise supports the upper end of that constrained range, while one minor noise report prevents a higher result.

+ 2020 renovation complete+ Structural updates and reinforced concrete piers+ Five-story atrium and central stair system+ Two elevators serving all levels+ Advanced fire-safety system
− Occasional clanking noise from adjacent underground parking garage
+ Welcoming front-desk staff+ Free public access+ Family-friendly makers area+ Community programming and events+ Convenient public-transit access
− Some upper floors are not used for the museum− Paid parking nearby

Reviewers repeatedly describe the space as “beautiful,” “airy,” and marked by “high ceilings and walls of windows”; one reviewer also called the building itself “a work of art.” The renovation documentation reports structural updates, reinforced concrete piers intended to improve earthquake resistance, two elevator/service towers and an advanced smoke-control fire-safety system, while one visitor reported “occasional clanking sounds” from the neighboring underground parking garage.

The available visitor feedback describes a welcoming cultural environment: one reviewer said the “front desk was very lovely and kind,” while others praised the free admission, makers area, seating and easy public-transit access. The same review set is not residential or tenant-oriented, so it provides only limited evidence about day-to-day management, security or long-term living quality.

512 West 22nd StreetChelsea, New York
7.0/ 10
—/ 10
7.0/ 10

The only located building-specific aggregate is 4.0/5 from 2 reviews, which converts to 7/10 under the stated curve. Because the review base is below 10, this is a low-confidence anchor and is retained within one point of 6.5; no recurring review themes justify an adjustment. The property is published as an office building rather than a residential building, so no separate structure score is assigned.

+ LEED Gold certification+ filtered-air systems+ landscaped terraces
+ High Line access+ tenant terraces+ landscaped lobby garden+ tenant event space

The located review listing provides no written infrastructure complaint or praise, only a 4.0/5 aggregate from two reviews. Independent project descriptions identify the property as an office building and describe filtered-air distribution, operable windows, landscaped terraces and LEED Gold certification; these are published project features, not resident review findings.

The only located building-specific review evidence is a 4.0/5 aggregate from 2 reviews, with no individual text available to identify staff, management or upkeep themes. Published project material describes a tenant event space, landscaped viewing garden and more than 15,000 square feet of outdoor tenant space, but these are amenities rather than resident-review feedback.

Sunset Pier 94 StudiosManhattan's West Side, New York City
5.3/ 10
4.5/ 10
—/ 10

The largest published review base is the Postcard-displayed Google aggregate of 3.6/5 from 13 reviews, converted to approximately 5.8/10. Repeated allegations about unsafe practices, poor workmanship, and building integrity justify a roughly 0.5-point commentary reduction, while the evidence does not support a separate management or resident-living score.

− Unsafe construction practices reported− Poor workmanship reported− Infrastructure craftsmanship criticized− Building integrity questioned
+ Positive aesthetic reaction+ Manhattan location praised

The written feedback is strongly focused on physical construction rather than resident operations: one reviewer called the observed practices “unsafe,” while another said the workmanship was “abismal” and predicted the building might not still be standing in five years. These are reviewer allegations, not independently verified engineering findings; no published engineering assessment or systems-performance review was located.

The available reviews are about a film-production facility, not a residential building, so they provide little evidence about management speed, security, staff attitude, or common-area upkeep. The only clear lifestyle-adjacent praise was “Gorgeous Studios and in Manhattan!!! Bravo!!!”; another reviewer welcomed the finished venue to the neighborhood.

Only buildings that have reached handover are rated. 1 of 10 projects carries no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Vornado Realty Trust
Headquarters
888 Seventh Avenue, New York, United States
10019
Founded
1982
United States
Entity type
PUBLIC LISTED
Revenue
USD 1.81 billion USD
year ended December 31, 2025
Business model
commercial, mixed use

Offices

head office and 1 other
Paramus

Sources: office cities

COMPANYdate not shown in source

Contact VNO | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Administrative Office ... 210 Route 4 East Paramus, NJ 07652
value seen: Paramus
https://www.vno.com/contact-us/general-contact

Partners

7 partners
Related Companies
joint venture

50% joint venture for the Farley Post Office commercial-space lease and development.

Empire State Development
government partner

Development agreement for the Moynihan Train Hall redevelopment.

Skanska Moynihan Train Hall Builders
contractor

Design-build contractor for the Moynihan Train Hall.

Hudson Pacific Properties
joint venture

Joint venture partner developing Pier 94 into a purpose-built studio campus.

Blackstone Inc.
joint venture

Joint venture partner and institutional capital provider for Pier 94.

Rudin
joint venture

Partner with Vornado and Kenneth Griffin developing 350 Park Avenue.

Kenneth Griffin
partner

Partner in the 350 Park Avenue office-tower development.

Sources: partners

COMPANY2017-06-19

Vornado Joint Venture Acquires 99-Year Leasehold of Farley Post Office

Vornado Realty Trust · carried by investors.vno.com
its 50% joint venture with the Related Companies has completed a 99-year lease
value seen: Related Companies
https://investors.vno.com/news-releases/news-release-details/vornado-joint-venture-acquires-99-year-leasehold-farley-post

Sources: partners

COMPANY2017-06-19

Vornado Joint Venture Acquires 99-Year Leasehold of Farley Post Office

Vornado Realty Trust · carried by investors.vno.com
The joint venture has also entered into a development agreement with ESD
value seen: Empire State Development
held out of the figures · the quote does not carry this value
https://investors.vno.com/news-releases/news-release-details/vornado-joint-venture-acquires-99-year-leasehold-farley-post

Sources: partners

COMPANY2017-06-19

Vornado Joint Venture Acquires 99-Year Leasehold of Farley Post Office

Vornado Realty Trust · carried by investors.vno.com
a design-build contract with Skanska Moynihan Train Hall Builders
value seen: Skanska Moynihan Train Hall Builders
https://investors.vno.com/news-releases/news-release-details/vornado-joint-venture-acquires-99-year-leasehold-farley-post

Sources: partners

FILING2026-02-09

vno-20251231

U.S. Securities and Exchange Commission · carried by sec.gov
we, together with Hudson Pacific Properties and Blackstone Inc., formed a joint venture to develop Pier 94
value seen: Hudson Pacific Properties
https://www.sec.gov/Archives/edgar/data/899689/000089968926000009/vno-20251231.htm

Sources: partners

FILING2026-02-09

vno-20251231

U.S. Securities and Exchange Commission · carried by sec.gov
we, together with Hudson Pacific Properties and Blackstone Inc., formed a joint venture to develop Pier 94
value seen: Blackstone Inc.
https://www.sec.gov/Archives/edgar/data/899689/000089968926000009/vno-20251231.htm

Sources: partners

OTHERdate not shown in source

350 Park Avenue — Commercial Office Space

Rudin
In partnership with Vornado Realty Trust and Kenneth Griffin, Rudin is developing 350 Park Avenue
value seen: Rudin
value paraphrased from this source
https://www.rudin.com/properties/development/350-park-avenue

Sources: partners

OTHERdate not shown in source

350 Park Avenue — Commercial Office Space

Rudin
In partnership with Vornado Realty Trust and Kenneth Griffin, Rudin is developing 350 Park Avenue
value seen: Kenneth Griffin
value paraphrased from this source
https://www.rudin.com/properties/development/350-park-avenue

Registrations & licences

TAX ID22-1657560
U.S. Securities and Exchange Commission · US · active registrant
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
United Statesactive 10 projects tracked

What they build

5 types
Office7 of 10
Retail6 of 10
Mixed use3 of 10
Other2 of 10
Residential, for sale1 of 10
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
SR
Steven Roth
Roth is Vornado’s chairman and CEO. He is also co-founder and managing general partner of Interstate Properties and chairman and CEO of Alexander’s.
Current title
Chairman of the Board and Chief Executive Officer
Experience
no career length stated
Companies before
Interstate PropertiesAlexander’s, Inc.
Education
Dartmouth CollegeAB
Dartmouth's Amos Tuck School of Business AdministrationMBS with High Distinction
Other boards
Alexander’s, Inc.Chairman Emeritus of JBG Smith Properties
Known for
ChairmanCEOInterstate Properties co-founderDartmouth MBS
since Chairman since May 1989; CEO reappointed April 15, 2013
“We’re not bashful to say no to a deal that doesn’t give us the financial results that we think our shareholders are entitled to.” The Real Deal May 6, 2025https://therealdeal.com/new-york/2025/05/06/vornado-welcomes-trumps-penn-takeover/
“We expect that, over time, street retail will recover.” The Real Deal Feb 15, 2022https://therealdeal.com/new-york/2022/02/15/roth-nyc-retail-might-never-fully-recover/

Sources: institution

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Chairman of the Board and Chief Executive Officer
value seen: Dartmouth College
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: institution

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Chairman of the Board and Chief Executive Officer
value seen: Dartmouth's Amos Tuck School of Business Administration
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: full name

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Steven Roth
value seen: Steven Roth
https://www.vno.com/governance/executive-management

Sources: other boards

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Alexander’s, Inc.
value seen: Alexander’s, Inc.
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: other boards

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Chairman Emeritus of JBG Smith Properties
value seen: Chairman Emeritus of JBG Smith Properties
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: previous companies

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Chairman of the Board and Chief Executive Officer
value seen: Interstate Properties
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: previous companies

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Chairman of the Board and Chief Executive Officer
value seen: Alexander’s, Inc.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: quote

PRESS2025-05-06

Governance | Vornado Realty Trust

The Real Deal
“We’re not bashful to say no to a deal that doesn’t give us the financial results that we think our shareholders are entitled to.”
value seen: “We’re not bashful to say no to a deal that doesn’t give us the financial results that we think our shareholders are entitled to.”
https://therealdeal.com/new-york/2025/05/06/vornado-welcomes-trumps-penn-takeover/

Sources: quote

PRESS2022-02-15

Governance | Vornado Realty Trust

The Real Deal
“We expect that, over time, street retail will recover.”
value seen: “We expect that, over time, street retail will recover.”
https://therealdeal.com/new-york/2022/02/15/roth-nyc-retail-might-never-fully-recover/

Sources: since

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Mr. Roth has been Chairman of the Board since May 1989 and was reappointed on April 15, 2013.
value seen: Chairman since May 1989; CEO reappointed April 15, 2013
held out of the figures · the quote does not carry this value
https://www.vno.com/governance/executive-management

Sources: summary

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Roth is Vornado’s chairman and CEO. He is also co-founder and managing general partner of Interstate Properties and chairman and CEO of Alexander’s.
value seen: Roth is Vornado’s chairman and CEO. He is also co-founder and managing general partner of Interstate Properties and chairman and CEO of Alexander’s.
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Chairman of the Board and Chief Executive Officer
value seen: Chairman
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Chairman of the Board and Chief Executive Officer
value seen: CEO
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Chairman of the Board and Chief Executive Officer
value seen: Interstate Properties co-founder
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Chairman of the Board and Chief Executive Officer
value seen: Dartmouth MBS
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: title

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Steven Roth Chairman of the Board and Chief Executive Officer
value seen: Chairman of the Board and Chief Executive Officer
https://www.vno.com/governance/executive-management
MJ
Michael J. Franco
Franco leads Vornado as president and CFO. Before joining in 2010, he spent 20 years at Morgan Stanley and acquired or disposed of over $40 billion of real estate.
Current title
President and Chief Financial Officer
Experience
no career length stated
Companies before
Morgan Stanley
Education
The Wharton School, University of PennsylvaniaBachelor of Science in Economics, Concentration in Finance
Other boards
Chairman, Breaking GroundExecutive Committee, REBNYTrustee, Urban Land Institute
Known for
PresidentCFOMorgan Stanley>$40bn real estate
https://linkedin.com/in/michael-j-franco-64169716
since President in 2019; CFO in 2020
“The focus today is investing in existing business, whether new development or paying down some debt,” The Real Deal May 6, 2025https://therealdeal.com/new-york/2025/05/06/vornado-welcomes-trumps-penn-takeover/
“Most of these assets do not contribute to our [funds from operations] right now and have little to no equity value.” Bisnow November 05, 2024https://www.bisnow.com/new-york/news/office/vornado-reports-net-loss-and-decreased-ffo-in-third-quarter-earnings

Sources: institution

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
President and Chief Financial Officer
value seen: The Wharton School, University of Pennsylvania
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: full name

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Michael J. Franco
value seen: Michael J. Franco
https://www.vno.com/governance/executive-management

Sources: linkedin page

SOCIALdate not shown in source

Governance | Vornado Realty Trust

LinkedIn
Executive Vice President, Finance and Chief Administrative Officer at Vornado Realty Trust
value seen: https://linkedin.com/in/michael-j-franco-64169716
https://linkedin.com/in/michael-j-franco-64169716

Sources: other boards

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Chairman, Breaking Ground
value seen: Chairman, Breaking Ground
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: other boards

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Committee, REBNY
value seen: Executive Committee, REBNY
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: other boards

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Trustee, Urban Land Institute
value seen: Trustee, Urban Land Institute
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: previous companies

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
President and Chief Financial Officer
value seen: Morgan Stanley
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: quote

PRESS2025-05-06

Governance | Vornado Realty Trust

The Real Deal
“The focus today is investing in existing business, whether new development or paying down some debt,”
value seen: “The focus today is investing in existing business, whether new development or paying down some debt,”
https://therealdeal.com/new-york/2025/05/06/vornado-welcomes-trumps-penn-takeover/

Sources: quote

PRESS2024-11-05

Governance | Vornado Realty Trust

The Real Deal · carried by bisnow.com
“Most of these assets do not contribute to our [funds from operations] right now and have little to no equity value.”
value seen: “Most of these assets do not contribute to our [funds from operations] right now and have little to no equity value.”
https://www.bisnow.com/new-york/news/office/vornado-reports-net-loss-and-decreased-ffo-in-third-quarter-earnings

Sources: since

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Prior to becoming President in 2019 and adding the Chief Financial Officer role in 2020
value seen: President in 2019; CFO in 2020
https://www.vno.com/governance/executive-management

Sources: summary

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Franco leads Vornado as president and CFO. Before joining in 2010, he spent 20 years at Morgan Stanley and acquired or disposed of over $40 billion of real estate.
value seen: Franco leads Vornado as president and CFO. Before joining in 2010, he spent 20 years at Morgan Stanley and acquired or disposed of over $40 billion of real estate.
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
President and Chief Financial Officer
value seen: President
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
President and Chief Financial Officer
value seen: CFO
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
President and Chief Financial Officer
value seen: Morgan Stanley
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
President and Chief Financial Officer
value seen: >$40bn real estate
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: title

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Michael J. Franco President and Chief Financial Officer
value seen: President and Chief Financial Officer
https://www.vno.com/governance/executive-management
GJ
Glen J. Weiss
Weiss oversees Vornado’s office leasing and is jointly responsible for portfolio strategy, operations, development and acquisitions. He progressed from a summer porter at Mendik through building management into leasing leadership.
Current title
Executive Vice President - Office Leasing and Co-Head of Real Estate
Experience
no career length stated
Companies before
Mendik Company
Education
University of DelawareB.A.
Pace UniversityM.B.A.
Other boards
Board of Governors, Real Estate Board of New York
Known for
Office leasingCo-Head of Real Estate43m+ sq ft ledUniversity of Delaware BAPace MBA

Sources: institution

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Office Leasing and Co-Head of Real Estate
value seen: University of Delaware
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: institution

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Office Leasing and Co-Head of Real Estate
value seen: Pace University
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: full name

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Glen J. Weiss
value seen: Glen J. Weiss
https://www.vno.com/governance/executive-management

Sources: other boards

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Board of Governors, Real Estate Board of New York
value seen: Board of Governors, Real Estate Board of New York
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: previous companies

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Office Leasing and Co-Head of Real Estate
value seen: Mendik Company
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: summary

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Weiss oversees Vornado’s office leasing and is jointly responsible for portfolio strategy, operations, development and acquisitions. He progressed from a summer porter at Mendik through building management into leasing leadership.
value seen: Weiss oversees Vornado’s office leasing and is jointly responsible for portfolio strategy, operations, development and acquisitions. He progressed from a summer porter at Mendik through building management into leasing leadership.
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Office Leasing and Co-Head of Real Estate
value seen: Office leasing
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Office Leasing and Co-Head of Real Estate
value seen: Co-Head of Real Estate
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Office Leasing and Co-Head of Real Estate
value seen: 43m+ sq ft led
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Office Leasing and Co-Head of Real Estate
value seen: University of Delaware BA
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Office Leasing and Co-Head of Real Estate
value seen: Pace MBA
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: title

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Glen J. Weiss Executive Vice President - Office Leasing and Co-Head of Real Estate
value seen: Executive Vice President - Office Leasing and Co-Head of Real Estate
https://www.vno.com/governance/executive-management
BS
Barry S. Langer
Langer jointly runs Vornado’s real-estate business and oversees development, acquisitions and dispositions. His record includes THE PENN DISTRICT, Farley, 220 Central Park South, Pier 94 and 350 Park Avenue.
Current title
Executive Vice President - Development and Co-Head of Real Estate
Experience
no career length stated
Companies before
Boston Properties
Education
Carnegie Mellon UniversityBachelor of Architecture
Columbia UniversityMaster of Science in Real Estate Development
Other boards
Board of Regional Plan AssociationTrustee, Citizens Budget Commission
Known for
DevelopmentCo-Head of Real EstatePenn Districtex-Boston PropertiesCarnegie Mellon BArch

Sources: institution

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Development and Co-Head of Real Estate
value seen: Carnegie Mellon University
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: institution

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Development and Co-Head of Real Estate
value seen: Columbia University
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: full name

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Barry S. Langer
value seen: Barry S. Langer
https://www.vno.com/governance/executive-management

Sources: other boards

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Board of Regional Plan Association
value seen: Board of Regional Plan Association
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: other boards

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Trustee, Citizens Budget Commission
value seen: Trustee, Citizens Budget Commission
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: previous companies

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Development and Co-Head of Real Estate
value seen: Boston Properties
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: summary

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Langer jointly runs Vornado’s real-estate business and oversees development, acquisitions and dispositions. His record includes THE PENN DISTRICT, Farley, 220 Central Park South, Pier 94 and 350 Park Avenue.
value seen: Langer jointly runs Vornado’s real-estate business and oversees development, acquisitions and dispositions. His record includes THE PENN DISTRICT, Farley, 220 Central Park South, Pier 94 and 350 Park Avenue.
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Development and Co-Head of Real Estate
value seen: Development
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Development and Co-Head of Real Estate
value seen: Co-Head of Real Estate
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Development and Co-Head of Real Estate
value seen: Penn District
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Development and Co-Head of Real Estate
value seen: ex-Boston Properties
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Development and Co-Head of Real Estate
value seen: Carnegie Mellon BArch
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Development and Co-Head of Real Estate
value seen: Columbia MSRED
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: title

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Barry S. Langer Executive Vice President - Development and Co-Head of Real Estate
value seen: Executive Vice President - Development and Co-Head of Real Estate
https://www.vno.com/governance/executive-management
HC
Haim Chera
Chera runs Vornado’s New York street-retail leasing portfolio, covering more than 2.4 million square feet. He was previously a principal at Crown Acquisitions and began in the family retail-clothing business.
Current title
Executive Vice President - Head of Retail
Experience
22+ years real estate
Companies before
Crown AcquisitionsChera family retail clothing business
Education
Hofstra University
The University of Pennsylvania
Other boards
Boards of charitable community organizations in New York City
Known for
Head of Retailex-Crown Acquisitions666 Fifth Avenue
https://linkedin.com/in/haim-chera-753158199
“We need our international tourists back. We need our workers back in the office to fill the streets. And that’s a little behind the curve,” The Real Deal Feb 15, 2022https://therealdeal.com/new-york/2022/02/15/roth-nyc-retail-might-never-fully-recover/

Sources: institution

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Head of Retail
value seen: Hofstra University
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: institution

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Head of Retail
value seen: The University of Pennsylvania
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: full name

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Haim Chera
value seen: Haim Chera
https://www.vno.com/governance/executive-management

Sources: linkedin page

SOCIALdate not shown in source

Governance | Vornado Realty Trust

LinkedIn
Head of Retail at Vornado (Current)
value seen: https://linkedin.com/in/haim-chera-753158199
https://linkedin.com/in/haim-chera-753158199

Sources: other boards

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Boards of charitable community organizations in New York City
value seen: Boards of charitable community organizations in New York City
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: previous companies

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Head of Retail
value seen: Crown Acquisitions
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: previous companies

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Head of Retail
value seen: Chera family retail clothing business
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: quote

PRESS2022-02-15

Governance | Vornado Realty Trust

The Real Deal
“We need our international tourists back. We need our workers back in the office to fill the streets. And that’s a little behind the curve,”
value seen: “We need our international tourists back. We need our workers back in the office to fill the streets. And that’s a little behind the curve,”
https://therealdeal.com/new-york/2022/02/15/roth-nyc-retail-might-never-fully-recover/

Sources: summary

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Chera runs Vornado’s New York street-retail leasing portfolio, covering more than 2.4 million square feet. He was previously a principal at Crown Acquisitions and began in the family retail-clothing business.
value seen: Chera runs Vornado’s New York street-retail leasing portfolio, covering more than 2.4 million square feet. He was previously a principal at Crown Acquisitions and began in the family retail-clothing business.
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Head of Retail
value seen: Head of Retail
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Head of Retail
value seen: ex-Crown Acquisitions
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Head of Retail
value seen: 22+ years real estate
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President - Head of Retail
value seen: 666 Fifth Avenue
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: title

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Haim Chera Executive Vice President - Head of Retail
value seen: Executive Vice President - Head of Retail
https://www.vno.com/governance/executive-management
TS
Thomas Sanelli
Sanelli oversees Vornado’s financial matters and large transactions across its office, retail, residential and hotel properties in New York, Chicago and San Francisco.
Current title
Executive Vice President – Finance and Chief Administrative Officer
Experience
no career length stated
Companies before
none sourced
Education
Pace UniversityBachelor of Business Administration in Accounting
Other boards
none sourced
Known for
FinanceChief Administrative OfficerPace accountingCPA
https://linkedin.com/in/thomas-sanelli-8311bb91

Sources: institution

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President – Finance and Chief Administrative Officer
value seen: Pace University
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: full name

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Thomas Sanelli
value seen: Thomas Sanelli
https://www.vno.com/governance/executive-management

Sources: linkedin page

SOCIALdate not shown in source

Governance | Vornado Realty Trust

LinkedIn
Executive Vice President, Finance and Chief Administrative Officer at Vornado Realty Trust
value seen: https://linkedin.com/in/thomas-sanelli-8311bb91
https://linkedin.com/in/thomas-sanelli-8311bb91

Sources: summary

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Sanelli oversees Vornado’s financial matters and large transactions across its office, retail, residential and hotel properties in New York, Chicago and San Francisco.
value seen: Sanelli oversees Vornado’s financial matters and large transactions across its office, retail, residential and hotel properties in New York, Chicago and San Francisco.
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President – Finance and Chief Administrative Officer
value seen: Finance
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President – Finance and Chief Administrative Officer
value seen: Chief Administrative Officer
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President – Finance and Chief Administrative Officer
value seen: Pace accounting
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: tags

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Executive Vice President – Finance and Chief Administrative Officer
value seen: CPA
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.vno.com/governance/executive-management

Sources: title

COMPANYdate not shown in source

Governance | Vornado Realty Trust

Vornado Realty Trust · carried by vno.com
Thomas Sanelli Executive Vice President – Finance and Chief Administrative Officer
value seen: Executive Vice President – Finance and Chief Administrative Officer
https://www.vno.com/governance/executive-management

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

10 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Sunset Pier 94 StudiosNew York City, United States
Manhattan's West Side
other——266,000 sq ftUSD 350m
investment announced
—2023Aug 29 2023Sep 2025 – Dec 2025Jan 2026+2.5 mo
(+1.0 to +4.0)
sourcedcompleted
PENN 1New York City, United States
PENN DISTRICT
office, retail—572,524,000 sq ft——2018before the end of the year—Jan 2023 – Dec 2023—not scorablecompleted
PENN 2New York City, United States
PENN DISTRICT
office, retail—311,619,000 sq ft——2021April 2021Jul 2023 – Dec 2023Jan 2023 – Dec 2023−3.0 mo
(−11.0 to +5.0)
sourcedcompleted
The Farley Building — commercial redevelopmentNew York, United States
office, retail, mixed use—————2016this fallJul 2020 – Sep 2020Nov 2022+27.0 mo
(+26.0 to +28.0)
estimatedcompleted
Moynihan Train HallNew York, United States
Midtown West
other, mixed use——255,000 sq ft————Sep 2020 – Dec 2020Jan 2021+2.5 mo
(+1.0 to +4.0)
sourcedcompleted
220 Central Park SouthNew York, United States
Midtown
residential for sale—67—USD 1.4bn
estimated cost
—2015March 1, 2015Jan 2016 – Dec 2016Dec 2020+53.5 mo
(+48.0 to +59.0)
estimatedcompleted
345 Montgomery StreetSan Francisco, United States
office—578,000 sq ft—————Jan 2020 – Dec 2020—not scorablecompleted
61 Ninth AvenueNew York, United States
Meatpacking District
office, retail—10165,000 sq ft——2016Jul 28, 2016Jan 2018 – Apr 2018Feb 2019+11.5 mo
(+10.0 to +13.0)
estimatedcompleted
606 BroadwayNew York, United States
SoHo
office, retail, mixed use—634,000 sq ft——2016August 2, 2016Jan 2018 – Dec 2018Jan 2019 – Dec 2019+12.0 mo
(+1.0 to +23.0)
sourcedcompleted
512 West 22nd StreetNew York, United States
Chelsea
office, retail—11172,000 sq ft————Oct 2017 – Dec 2017Oct 2017 – Dec 20170.0 mo
(−2.0 to +2.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

7 found
PROJECT AWARD Winner 2025
2025 CoStar Impact Award — Redevelopment of the Year · THE PENN DISTRICT
Vornado Realty Trust’s redevelopment of Penn Station and the surrounding Penn District was selected by New York real-estate professionals as the 2025 CoStar Impact Award winner for Redevelopment of the Year in New York City.
RANKING Ranked 2025; reported April 8, 2026
GRESB Green Star and 5-Star Rating
Vornado reported that in 2025 it ranked in the top 3% of Office REIT peers for GRESB and Performance scores, retained its Green Star distinction, and achieved a five-star rating for the 13th year.
SUSTAINABILITY Winner 2024
ENERGY STAR Partner of the Year — Sustained Excellence
Vornado Realty Trust was listed by ENERGY STAR as a Partner of the Year: Sustained Excellence recipient in Energy Management.
PROJECT AWARD Winner 2024; awarded September 26, 2024
BOMA New York Pinnacle Award — Renovated Building · PENN 1
PENN 1, owned by Vornado Realty Trust, won the 2024 BOMA New York Pinnacle Award in the Renovated Building category.
COMPANY AWARD Winner 2024
The Impact at Scale Award · THE PENN DISTRICT
Vornado reported receiving Nareit’s inaugural Impact at Scale Award for portfolio-wide operational initiatives advancing corporate sustainability and delivering measurable impact through THE PENN DISTRICT transformation.
SUSTAINABILITY Certified 2024
100% LEED Certification across the in-service managed office portfolio
Vornado became the first major U.S. real-estate company to achieve LEED certification across 100% of its in-service managed office portfolio, covering more than 25 million square feet.
SUSTAINABILITY Certified 2025; reported April 8, 2026
WELL Health-Safety certification across the portfolio
Vornado achieved 100% WELL Health-Safety certification across its in-service managed portfolio in 2025, based on third-party-verified protocols addressing cleaning, air and water quality, emergency preparedness, and stakeholder engagement.

Risks

Auditor & credit ratings

6 agencies
AuditorDeloitte & Touche LLP
FitchBB+
Moody’sBa1
S&PBBB-
FitchBB-
Moody’sBa3
S&PB+

Risk flags

8 found
FINANCIAL DISTRESS Default declared December 10, 2025; forbearance agreement March 9, 2026; reported August 3, 2026
Vornado disclosed that the $244.543 million non-recourse mortgage on 888 Seventh Avenue matured unpaid on December 10, 2025 and the lenders declared an event of default; on March 9, 2026, the parties entered a forbearance agreement under which remedies were deferred through March 2027 while scheduled interest and amortization continued to accrue for later payment.
FINANCIAL DISTRESS Notice of default October 2025; cured November 2025; reported February 9, 2026
A joint venture in which Vornado owns 22.2% received an October 2025 notice of default on the $800 million non-recourse mortgage secured by 650 Madison Avenue for failure to pay the full interest and reserve amounts due; the joint venture cured the default in November 2025 and the loan was reported to be in good standing thereafter.
DELIVERY DELAY Reported November 18, 2024; postponements described as ongoing at that time
Reporting on the Penn District said Vornado had postponed at least eight office-tower projects and halted all but two of the ten planned construction projects after the office-market downturn; the reporting also said Vornado had slow-walked the redevelopment, while the company still stated that it hoped to build a 100-story tower at the former Pennsylvania Hotel site.
LEGAL Arbitration determination April 22, 2025; litigation status reported May 2025
Vornado reported that an arbitration panel set PENN 1 ground rent at $15 million annually, but the ground lessor was litigating the matter in New York County Supreme Court; the court had denied Vornado’s subsidiary’s motion to dismiss, and the subsidiary filed a notice of appeal, leaving the rent determination subject to further litigation.
PROJECT CANCELLED 2023-06-26 (state decoupling/shelving announcement); status researched as of 2026-10-15
The Vornado-led Penn Station-area office-tower development plan was shelved by New York State in June 2023 after Vornado paused ground-up construction; the station rebuild proceeded separately, while later reporting described Vornado as potentially involved in a different federally led station proposal rather than reviving the cancelled tower-financing plan.
DELIVERY DELAY 2022-11-01 to 2023-02-24; status researched as of 2026-10-15
Vornado’s Penn District ground-up development was put on hold indefinitely in November 2022 because management said market conditions were not conducive to new construction; a 2023 account reported a further expected delay of roughly two to three years, and no completion of that ground-up plan is documented here by the research date.
PROJECT CANCELLED 2017-02-28; older evidence, with no later resolution established in the retrieved sources
Before the Vornado–JBG merger, Vornado put three Northern Virginia projects in Pentagon City and Crystal City on hold or cancelled their applications; the projects were subsequently associated with JBG Smith, so the reports document a Vornado-era development pullback but do not establish continuing parent liability.
PROJECT CANCELLED 2015-12-21; older evidence
Vornado scrapped the approved 1900 Crystal Drive office-and-retail tower and allowed its approval to expire without seeking an extension, while also placing the related 223 23rd Street office/residential proposal on hold; the underlying report predates the requested window but documents an older unresolved development failure.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 15, 2026 this month
Profile last researchedOctober 15, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.