Vornado’s Steve Roth takes ‘victory lap’ for PENN 1 and PENN 2

Vornado scored a 38,000-square-foot expansion at PENN 1 by payroll and HR management platform Gusto, which brought the redesigned tower to over 90% leased. The asking rent was $135 per square foot, sources said. But while Gusto’s move is relatively modest, it’s revealing to hear Vornado chairman Steve Roth’s comments…

As Charles S. Cohen rebounds from debt issues, leasing proceeds apace at his company’s 475 Park Ave. South. The 400,000-square-foot building just completed five deals totalling 46,000 square feet. In the largest, International Workplace Group (IWG), parent of Regus (RGN),…

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