Vornado Realty Trust

Adams Faces Criticism on Film Studio Development Deal

Generous incentives will secure a project that keeps New York’s motion picture industry competitive, officials say. Critics call the price too steep.

Financial Challenges ‘Clobber’ New York City’s Office Landlords

Remote work and rising interest rates are dealing a double blow to office landlords, with potentially grave consequences for the city and even national economy.

The Office Market is Cratering. Why Should That Hold Up Penn Station?

Several lawmakers have withdrawn their support for the state’s project in Midtown Manhattan as new developers rush to offer alternatives for remaking the transit hub.

Plan B for Fixing Penn Station Would Wrap Madison Square Garden in Glass

The previous proposal to help pay for the renovation of the station, which could cost up to $10 billion in state funds, has been shelved.

C.E.O.s Are Talking More About Recession

The possibility of an economic slowdown has been a hot topic during the latest batch of quarterly earnings conference calls.