Vornado Realty Trust Joint Venture Completes $161 Million Refinancing of 61 Ninth Avenue Office Property in New York City

NEW YORK — Vornado Realty Trust (NYSE: VNO) announced May 12, 2026, that its 45.1%-owned joint venture has completed a $161 million refinancing of 61 Ninth Avenue, an office property located in New York City.

Deal Overview: $161 Million Office Real Estate Refinancing

The refinancing was executed through a joint venture in which Vornado Realty Trust holds a 45.1% ownership stake. The transaction covers 61 Ninth Avenue, a 623,000-square-foot office building in Manhattan. The property was originally constructed in 1910 and renovated in 2019.

According to the announcement, the joint venture completed the refinancing on May 12, 2026. The lender and specific loan terms, including interest rate and maturity date, were not disclosed in the press release.

Property Profile: 61 Ninth Avenue

61 Ninth Avenue is an office building that underwent a renovation completed in 2019. The property is approximately 85% occupied, with tenants including Google and Farfetch among its roster.

Vornado Realty Trust's Role in the Joint Venture

Vornado Realty Trust, a real estate investment trust listed on the New York Stock Exchange, holds a 45.1% interest in the joint venture that owns 61 Ninth Avenue. The remaining ownership percentage and identity of joint venture partners were not disclosed in the press release.

About Vornado Realty Trust

Vornado Realty Trust is a fully integrated real estate investment trust and one of the largest owners and managers of commercial real estate in the United States, with a portfolio concentrated in New York City. The company's holdings span office and street retail properties. Vornado trades on the New York Stock Exchange under the ticker symbol VNO.

Source: GlobeNewswire press release, May 12, 2026 (link).