Vornado's Roth expresses optimism toward the market

04/2/2010 | Wall Street Journal, The

In his annual letter to shareholders, Vornado Realty Trust Chairman Steven Roth expressed optimism that the commercial real estate market is entering a long upward cycle, particularly in the New York City office market. Vornado owns 16 million square feet of office space in New York, with several vacant spaces being held off the market in anticipation of higher rents.

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