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Vornado JV refinances $161M loan for Manhattan office-retail property, extending maturity to 2029

Company Fundamentals
12 May 2026
GlobeNewsWire
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Neutral
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Vornado Realty Trust's joint venture completed a $161 million refinancing of 61 Ninth Avenue, a fully leased office and retail property in Manhattan's Meatpacking district. The new interest-only loan matures in March 2029 and carries a variable rate based on SOFR plus a margin that increases over time. This refinancing replaces a $155 million loan that was due in November 2026, providing longer-term financial stability for the property leased to Aetna and Starbucks.

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