Vornado CEO Is Bullish on New York Real Estate, Sees Facebook Lease as Validation

Barron’s, Aug. 4, 2020–Andrew Bary
Vornado Realty Trust CEO Steve Roth offered an upbeat assessment of New York City and its commercial real estate market on the company’s earnings conference call on Tuesday, while acknowledging that it “may take a couple of years” for New York’s “ecosystem to return to normal.” (subscription)