Real Estate News

Vornado Announces Non-Cash Impairment Charges to be Included in its Fourth Quarter 2022 Financial Results

NEW YORK, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE: VNO) today announced that its financial results for the quarter ended December 31, 2022 will include approximately $600 million of non-cash impairment charges, of which approximately $480 million relates to Vornado’s common equity investment in the Fifth Avenue and Times Square joint venture (“Retail JV”).

Premier Sotheby’s International Realty New Development Division to Represent Kolter Urban’s Ritz-Carlton Residences, Sarasota Bay

LINK: https://www.theresidencessarasotabay.com/

RENDERINGS: https://www.dropbox.com/scl/fo/sw3gm7ulqgdddt7mfmcdj/h?dl=0&rlkey=asydkfuy2x14flrlcip2yfwhr

PHOTO/RENDERING CREDIT: Kolter Urban

SARASOTA, Fla., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Premier Sotheby’s International Realty New Development Division Senior Vice President John Gleeson announced today that the company has been selected as the exclusive brokerage for The Ritz-Carlton Residences Sarasota Bay, a collection of spacious grand residences on the Sarasota bayfront, developed by Kolter Urban of Palm Beach County, Florida.

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