Vornado Realty Trust

Recently, 15 graduate and undergraduate students completed the Fried Frank and Project Destined Real Estate Law and Development Bridge Program. This multiweek program provided the students with career opportunities in real estate law and development through a curriculum led by Fried Frank’s Real Estate partners and graduate school professors. The students were also treated to a special walking tour of Vornado Realty Trust’s PENN 1, PENN 2 and Moynihan Train Hall, where they received a behind-the-scenes look at one of New York City’s largest developments.

To honor September 11th, Vornado Realty Trust participated in the National Day of Service and Remembrance by volunteering with the NYC Meal Pack at the Intrepid Museum. Vornado helped pack 2 million meals for New Yorkers experiencing food insecurity, which will be distributed through City Harvest and the Food Bank For New York City. This act of service reflects the spirit of unity that brought the nation together after 9/11, transforming the anniversary into a day of giving back.

ModeScore has awarded its first US certification to New York’s PENN DISTRICT campus, recognising Vornado Realty Trust's success in transforming the area into a greener, more accessible, and more connected commercial hub with a Platinum ModeScore rating 🏆 Situated directly above Penn Station, THE PENN DISTRICT has come to life from a meticulous masterplan developed by Foster + Partners, under the direction of Vornado, to dramatically transform the experience for office tenants, commuters, and visitors. With direct proximity to the busiest transit hub in North America, THE PENN DISTRICT earned a high score in the Public Transport section of the ModeScore assessment. The district also impressed in the Site-wide Mobility section, thanks to the prevalence of both pedal-powered and electric deliveries to the site 🚛⚡️ Vornado worked with New York City to reconfigure the streets around Penn Station and Madison Square Garden to create a connected campus for PENN 1 and PENN 2. The works included separating and updating the entrances to the office buildings, closing 33rd Street to create an outdoor pedestrian park, and upgrading entrances to create barrier-free access to commuter, regional and national train systems. James Nash, co-founder of ModeScore and ActiveScore, said: “We're thrilled to see Vornado Realty Trust’s PENN DISTRICT lead the way in the USA with North America’s first ModeScore certification. This marks a significant step towards our shared vision for sustainable mobility in real estate. The new PENN DISTRICT feels open, intuitively interconnected, effortless and exhilarating. Together, we're paving the way for a greener, more accessible and more connected future.” Glen Weiss, Executive Vice President of Vornado Realty Trust, said: “We are honored to be the country’s first recipient of ModeScore certification. Sustainability and accessibility have been at the core of our vision for THE PENN DISTRICT. We are proud to have transformed the area into a beautiful, welcoming, and dynamic destination for all those who come to the District.” #THEPENNDISTRICT #NewYork #ModeScore #ModeScorePlatinum #ESG

Vornado Realty Trust has been named to the TIME list of World’s Most Sustainable Companies 2024. TIME, partnering with data firm Statista, began with a comprehensive selection from over 5,000 of the world's largest and most influential companies, considering factors such as revenue, market capitalization, and public prominence. “The ranking sets a benchmark for other businesses, fostering transparency and accountability and encouraging the integration of sustainability into core corporate strategies,” TIME said. To learn more, head to the link below. https://lnkd.in/ebnJj5iE

Bloomberg has extended its headquarters lease through 2040 at 731 Lexington Avenue, a 56-story, mixed-use tower with breathtaking views of Central Park and panoramic vistas of New York City. Maintaining its exclusive occupancy, Bloomberg will retain all 946,815 square feet of office space at 731 Lexington Ave. To learn more, head to the link below. https://lnkd.in/egXFYkEc

Fast Company recently toured THE PENN DISTRICT, exploring its remarkable transformation into a vibrant, pedestrian-friendly tech hub. “Where once there was a FedEx, there is now a Blue Bottle Coffee. Just next door, there is an upscale sushi bar, a hip taqueria, a Roberta’s Pizza, and an Anita Gelato, both opening this month. The surrounding buildings have been retrofitted, reskinned, and repositioned for tech giants...and the stretch of 33rd street where I am sitting—between 7th and 8th Avenue—has become a pedestrian oasis called Plaza 33, complete with a swooping new entrance to MSG and Penn Station.” Read more about THE PENN DISTRICT’s transformation at the link below. https://lnkd.in/eZufHpyz

The Commercial Observer’s Spring State of Office Forum, held at PENN 2’s Town Hall and hosted by Vornado Realty Trust and Cushman & Wakefield, brought together key real estate leaders, including Glen Weiss, Vornado’s EVP, Co-Head of Real Estate & Office Leasing. The event took place in the 4,000 SF multi-use theater space suspended above Plaza 33. Executives discussed how they navigated 2023 to end the year on top, assessed market performance with 2024 Q1 data, and explored the trajectory of the office sector as tenant’s needs evolve.

The Real Deal recently toured PENN 2, led by Brad Zizmor of Architecture Plus Information (A+I) and Dan Shannon of MdeAS Architects, who designed the interior and exterior of PENN 2. Their collaboration focused on "designing from the inside out," emphasizing that an office worker’s experience extends beyond the office to the building’s surroundings. PENN 2 is an architectural icon that continues Vornado's WorkLife amenity ethos by featuring over an acre of outdoor terraces and various flexible tenant spaces for working, socializing, and private events. Read more about PENN 2’s $750 million transformation at the link below. https://lnkd.in/ekmEYCxE

Vornado Realty Trust's Rego Center, where nearly one million square feet of premier, value-driven retailers converge with over 300 luxury rental units, is now home to an interactive mural brought to life by Queens-based artist Rob Anderson. With a profound dedication to community engagement, Anderson's interactive mural serves as a beacon of creativity, drawing the community together as they collaborate to transform visions into vibrant reality.

555 California Street has been recognized by CleanPowerSF, an initiative that rewards customers for cutting down their energy consumption during peak demand periods on California’s electric grid. The 2023 season, spanning from July to October, witnessed the highest number of participants and the largest load reduction in the program’s history. We look forward to continuing our commitment to sustainability. To learn more, head to the link below. https://lnkd.in/dSXZxcAy