Sunday, August 17, 2014
Multiple sources are speculating that JPMorgan could be the one that Steve Roth is looking for. As you remember Mr. Roth stated in the company's second quarter conference call, that the plans for 15 Penn Plaza have been erected again, and although he could not say who he has had"..interesting offers" for the site.
Tuesday, August 5, 2014
Vornado posted their 2nd Quarter earnings, and held a conference call to discuss. No word on Steve Roth's retirement, but they did cover the current state of the renovations of the Hotel Pennsylvania (currently on hold). Mr. Roth talks about it at time index 1:13:00. "So we are going down 2 paths. One path is the renovation of the hotel, which will drive more income and improve the neighborhood, and the second is putting our big toe into the marketplace to explore the opportunity to land a major anchor tenant for the site and the Penn Plaza district." Roth stated. http://earningscast.com/events/13009c8a1ba15d20dc735886b98a9be4/sawidget.html