Vornado Acquires 3 East 54th Street, a Premier Plaza District Development Site
Vornado Realty Trust (VNO)
Last vornado realty trust earnings: 2/18 04:38 pm
Check Earnings Report
US:NYSE Investor Relations:
vno.com/investor-relations/overview
Company Research
Source: GlobeNewswire
NEW YORK, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has acquired 3 East 54th Street, a demolition-ready asset situated on 18,400 square feet of land, for $141 million. Vornado acquired the mortgage on this property in two transactions in 2024 and 2025; the loan balance has accrued to $107 million, including default interest and advances. In connection with the acquisition, the $107 million loan balance was credited towards the purchase price. The site is located between Fifth Avenue and Madison Avenue on 54th Street, adjacent to the St. Regis Hotel and prime Upper Fifth Avenue retail properties owned by Vornado. The land is zoned for approximately 232,500 buildable square feet as-of-right and we intend to promptly demolish the existing buildings on the site. This acquisition further complements Vornado’s nearby Plaza District and Park Avenue holdings of 280 Park Avenue, 350 Park Avenue, 595 Madison Avenue, 623 Fifth Avenue, 640 Fifth
Show less
Read more
Impact Snapshot
Event Time:
VNO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VNO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VNO alerts
High impacting Vornado Realty Trust news events
Weekly update
A roundup of the hottest topics
VNO
News
- Does Plaza District Site Acquisition and Demolition Plan Change The Bull Case For Vornado Realty Trust (VNO)? [Yahoo! Finance]Yahoo! Finance
- A Look At Vornado Realty Trust's (VNO) Valuation After Plaza District Acquisition And US$2b Refinancing [Yahoo! Finance]Yahoo! Finance
- Vornado Prices Public Offering of $500 Million of 7-Year BondsGlobeNewswire
- Vornado Extends Maturities of $2 Billion of Revolving Credit Facility and Term LoanGlobeNewswire
- Vornado Realty Trust (NYSE:VNO) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat