CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Vornado, Ken Griffin and Rudin Close 350 Park Avenue Joint Venture

By Public Technologies
  • Vornado Realty Trust closed a joint venture with Ken Griffin and Rudin to develop 350 Park Avenue in Manhattan.
  • A Griffin affiliate owns 60% of the venture, with Vornado holding 36% and Rudin 4%.
  • The venture secured a $3.3 billion construction loan.
  • Citadel Enterprise Americas signed a 1.05 million-square-foot anchor lease; 850,000 square feet will be available to the market.
  • Construction is underway on the 66-story tower, which will deliver more than 1.9 million square feet.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vornado Realty Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610210909PRIMZONEFULLFEED9850439) on October 21, 2026, and is solely responsible for the information contained therein.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk