No one leaving New York City because of Mamdani, say two top real estate CEOs [CNBC]
Vornado Realty Trust (VNO)
Last vornado realty trust earnings: 2/18 04:38 pm
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Source: CNBC
no sign of any looming corporate exodus caused by democratic socialist Mayor-elect Zohran Mamdani's election win. That was the view shared by two top commercial real estate executives based in New York at CNBC's Delivering Alpha conference on Thursday: Scott Rechler, CEO of RXR Realty, and Bill Rudin, long-time CEO of family-owned Rudin Management who is now co-executive chairman. One prominent example cited was outspoken conservative hedge fund billionaire Ken Griffin, who is a partner in a Rudin project to build a new two million square foot office building at 350 Park Avenue. “Ken is committed, and will have more employees at 350 Park than in Miami,” Rudin said. Scott Rechler, RXZR Realty Chairman and CEO, and Bill Rudin, Rudin Management Co-Chairman, speaking at CNBC's Delivering Alpha event in New York on Nov. 13th, 2025. Adam Jeffery | CNBC New York Mayor-elect Zohran Mamdani's views have sparked fears that there will be an exodus of companies and capital from the city
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- 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
- 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
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- Vornado Realty Trust (NYSE:VNO) had its price target lowered by analysts at Scotiabank from $40.00 to $38.00. They now have a "sector perform" rating on the stock.MarketBeat