- American City Business Journals•18 hours ago
There will be no rushing into a new Arlington County government center. While the option of a new administration building in the county's Courthouse neighborhood remains a possibility, the Arlington board on Saturday chose to reup its lease at Vornado Realty Trust's (VNO) 2100 Clarendon Blvd. for 15 years, with the option to extend until 2062 in five-year increments. The lease extension comes with significant concessions on Vornado's part.
- American City Business Journals•4 days ago
The JBG Cos.' planned Beauregard community overhaul in Alexandria is the latest in a string of Greater Washington projects to be put on the block as the Chevy Chase developer prepares to merge with Vornado Realty Trust's D.C. business to form the publicly traded JBG Smith Properties . JBG has retained CBRE (CBG) to seek buyers for the Mark Center portfolio, which includes more than 2,600 residential units, The Shops at Mark Center and a massive redevelopment potential of 6.4 million square feet. CBRE recently began marketing the portfolio to interested buyers, and the prospect has already generated a significant amount of interest, CBRE Executive Vice President Mike Muldowney said.
- American City Business Journals•5 days ago
Vornado Realty Trust's plan to add 933 units and retail to its RiverHouse apartments in Pentagon City has been shelved, joining a growing list of recently proposed projects the developer will no longer pursue as it prepares to exit the Washington market. Vornado (VNO) submitted a preliminary plan in September to build three six-story buildings on a surface lot at the half-century old RiverHouse complex — roughly six weeks before the Oct. 31 announcement that The JBG Cos. would merge with Vornado's Washington business to become JBG Smith Properties. While the merger is not expected to close until the second quarter, Arlington reported on its planning website that JBG Smith representatives informed the county that the RiverHouse application would not move forward "at this time." The application for the property at 1400 S. Joyce St., however, will not be withdrawn.
VNO : Summary for Vornado Realty Trust Common Sto - Yahoo Finance
Vornado Realty Trust (VNO)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||109.80 - 111.12|
|52 Week Range||85.96 - 111.72|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||25.53|
|Dividend & Yield||2.84 (2.58%)|
|1y Target Est||N/A|