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Vornado Says Meta’s Office Cutbacks Won’t Hurt Two New York Towers

CEO Steven Roth Offers Optimism on Negative Macroeconomic Backdrop
Vornado said the idea to potentially spin off its Penn District project surrounding the Penn Station transit hub is still “on the table.” (Vornado)
Vornado said the idea to potentially spin off its Penn District project surrounding the Penn Station transit hub is still “on the table.” (Vornado)
CoStar News
November 1, 2022 | 8:03 P.M.

Vornado Realty Trust, which counts Facebook parent Meta as its largest tenant, said the social media giant’s recent announcement on consolidating its real estate footprint won’t hurt two major New York properties.

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