Vornado Realty Trust

- 7 W 34th St. #60, New York, NY 10001

In the intricate and ever-evolving landscape of New York City real estate, Vornado Realty Trust stands as a major player. Unlike a typical real estate agency focused on a few transactions, Vornado is a publicly traded Real Estate Investment Trust (REIT) with a vast portfolio of properties, primarily concentrated in Manhattan. They are not merely a brokerage but a fully integrated real estate company that owns, manages, and develops a wide array of premier office, retail, and residential assets. Their business is deeply rooted in the city, with a primary focus on high-quality, irreplaceable locations.

This article will provide an in-depth overview of Vornado Realty Trust, highlighting its unique position in the New York market. We will explore their central office location and the extensive list of services they offer, which goes well beyond traditional buying and selling. Their services include everything from large-scale construction management and building renovation to day-to-day maintenance and advanced energy management systems. Vornado's business model is centered on creating and sustaining long-term value for its shareholders by operating its buildings to the highest standards and providing a comprehensive suite of services to its tenants.

The company's commitment to sustainability and innovation is a key feature, as evidenced by their many LEED and ENERGY STAR certifications. They leverage their in-house expertise to manage every aspect of their properties, from building design to tenant relations. This ensures a consistent level of quality and professionalism across their portfolio. While a few negative public reviews exist, it is important to understand the scale and nature of a company like Vornado. The reviews often reflect the experiences of a few individuals within a massive operation that spans a huge number of properties and tenants. As you read on, you will gain a clearer picture of Vornado's role as a developer, owner, and service provider in New York City's real estate market.

Vornado Realty Trust is headquartered at 7 W 34th St, New York, NY 10001, USA. This address places the firm in a prime location in Midtown Manhattan, specifically within the highly active Penn District. This is a central and strategic position that offers unparalleled accessibility. The office is located just steps away from major transportation hubs like Penn Station, making it incredibly convenient for clients, employees, and partners. The area is a nexus for business and retail, with easy access to multiple subway lines, commuter rail services, and buses, simplifying travel for anyone coming from any of the five boroughs or the surrounding suburbs.

The building itself is a part of Vornado's extensive portfolio and is designed with professional and modern standards. A notable feature of the property at 7 W 34th St is its wheelchair-accessible entrance, which demonstrates a commitment to inclusivity and ensuring that the building is welcoming to everyone. This central location in a highly-trafficked area underscores Vornado's focus on owning and managing properties in key urban markets. The proximity to commercial centers and major transit links makes their properties desirable and enhances their value.

Vornado Realty Trust is a multifaceted organization that offers a wide range of specialized services, primarily for its own portfolio of properties and tenants. These services go far beyond the scope of a typical real estate agency:

• Real Estate Investment: As a REIT, Vornado's core business is the investment, ownership, and management of real estate assets. They acquire and develop premier properties with the goal of generating long-term returns.

• Tenant Services: Vornado provides an extensive suite of services to its tenants to ensure a comfortable and efficient work environment. This includes a web-based portal for service requests, such as maintenance, janitorial, and HVAC, streamlining the tenant experience.

• Building Services: Through its wholly-owned subsidiary, Building Maintenance Services (BMS), Vornado offers a full range of facility services, including engineering, maintenance, and security. This in-house capability ensures high standards and quick response times.

• Construction Management Services: The company has an experienced team that provides oversight and management for various projects, including initial tenant build-outs, major building alterations, and minor service work. This ensures that construction is handled efficiently and professionally.

• Building Renovation and Adaptive Reuse: Vornado specializes in renovating and adapting existing buildings, transforming them into modern, desirable spaces. This is a key part of their development strategy, exemplified by projects like the redevelopment of The Farley Building and the Penn District.

• Sustainability and Energy Management: Vornado is an industry leader in sustainability. They offer energy management services and have a vast portfolio of LEED-certified and ENERGY STAR-rated buildings, reflecting their commitment to environmental responsibility.

• Interior Design and Building Design: The firm's expertise extends to the design of both building interiors and overall structures, ensuring that their properties are not only functional but also aesthetically pleasing and modern.

• Market Dominance: Vornado is one of the largest owners of commercial real estate in New York City, with a portfolio of over 20 million square feet of prime office and retail properties. This scale and market concentration is a significant highlight.

• In-House Expertise: The use of subsidiaries like BMS for building services and an internal team for construction management ensures a consistent, high-quality experience for tenants and partners. This integrated model is a major feature.

• Commitment to Sustainability: Vornado's status as a real estate leader in sustainability is a notable feature. They have a significant number of LEED-certified buildings and have been recognized as an ENERGY STAR Partner of the Year, which is a major point of pride and a draw for environmentally conscious tenants.

• Strategic Development: The company is known for its large-scale development projects, such as the transformation of the Penn District. These ambitious projects reshape parts of the city and demonstrate Vornado's forward-thinking approach.

• Wheelchair Accessible Entrance: The building at 7 W 34th St, like many of their properties, has a wheelchair-accessible entrance, which is a practical feature that ensures convenience for all visitors.

Address: 7 W 34th St. #60, New York, NY 10001, USA

Phone: (212) 239-6572

Choosing Vornado Realty Trust is not the same as selecting a small-scale real estate agent; it is about partnering with one of the most significant forces in New York City's real estate market. For businesses, investors, and high-profile tenants, Vornado's offerings are highly compelling due to their sheer scale, comprehensive services, and commitment to long-term value. Their integrated business model means that they are not just landlords; they are full-service partners who manage every aspect of their buildings, from maintenance and security to construction and sustainability. This ensures a consistent level of quality and a streamlined experience that is difficult to find with other firms.

The firm's dedication to sustainability is a major differentiator in today's market. Their large number of LEED-certified and ENERGY STAR-rated properties demonstrates a genuine commitment to creating energy-efficient and healthy buildings. For businesses that have their own sustainability goals, leasing space from a company like Vornado helps them meet those objectives. This focus on environmental responsibility not only benefits the planet but also results in well-maintained, high-performance properties. The company’s focus on long-term investment, as opposed to short-term gains, means they invest heavily in their properties, ensuring they remain premier assets for years to come.

While the nature of a massive company like Vornado means that some individual experiences may be less than perfect, as reflected in a few reviews, the overall business model and the scale of their operation are what make them a powerful and reliable partner. For those looking for prime, well-managed commercial or residential space in New York, Vornado’s established track record, extensive portfolio, and commitment to full-service management make them a top-tier choice. Their ability to handle every aspect of a property, from a tenant's request to a major renovation, positions them as a trusted and expert leader in the New York City real estate industry.

Vornado Realty Trust

7 W 34th St. #60, New York, NY 10001, USA