the realty trust . for the fan manufacturer see vornado air llc . this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . july 2012 learn how and when to remove this template message vornado realty trust type public company traded as nyse vno s & p 500 component industry real estate investment trust founded 1982 headquarters new york city new york key people steven roth chairman & ceo michael j. franco chief investment officer 1 revenue us 2.502 billion 2015 1 operating income us 807.168 million 2015 1 net income us 679.856 million 2015 1 total assets us 21.143 billion 2015 1 total equity us 6.697 billion 2015 1 number of employees 4 089 2015 1 website www.vno.com vornado realty trust is a real estate investment trust based in new york city . contents 1 history 1.1 two guys 1.2 alexander s 1.3 vornado air 1.4 world trade center 1.5 2001 present 2 current operations 2.1 major holdings 2.2 office buildings 2.3 manhattan street retail 2.4 merchandise mart properties inc. mmpi 3 references 4 external links history edit 1999 k street nw in washington d.c. was developed by vornado realty trust and sold for 208m in 2009 . it was designed by architect helmut jahn . two guys edit vornado realty trust s origins can be traced back to an early discount store chain called two guys founded in 1946 by brothers sidney and herbert hubschman . in 1959 the company acquired o. a. sutton corporation manufacturers of the vornado line of electric fans air conditioners and dehumidifiers . the merged company was renamed vornado inc. at its retail peak in the early 1970s vornado operated 53 two guys stores 65 supermarkets 240 fosters freeze restaurants and other retail operations . 2 vornado began divesting its retail operations and by the late 1970s owned only 60 two guys stores . by the fall of 1979 interstate properties inc. a private partnership engaged in shopping center development controlled by steven roth had taken a 17 % stake in vornado as roth became interested in the company s real estate holdings . the next year interstate properties took control of the firm after winning a proxy struggle . he liquidated two guys and by 1985 real estate outstripped merchandising as the chief source of sales . 2 alexander s edit in 1986 interstate properties and donald trump each bought approximately 20 % of alexander s a failing retailer whose real estate holdings included its flagship store occupying the entire block between east 58th and 59th streets and lexington and third avenues . 3 in 1988 they each raised their stakes to 27 % but trump pledged his interest as collateral for a personal loan from citicorp and in 1991 trump was forced to turn over his holdings to the bank . 4 in 1992 roth and alexander s creditors forced alexander s into bankruptcy . 5 alexander s emerged from bankruptcy in 1993 as a real estate investment trust . that same year vornado inc. was converted into a reit vornado realty trust . in 1995 vornado bought citicorp s interest in alexander s. 6 vornado air edit in 1989 the vornado name was licensed to a new company in the wichita area currently known as vornado air llc to manufacture heating and cooling equipment . outside of the brand licensing agreement the trust has no relation to vornado air llc . world trade center edit on february 15 2001 the port authority announced that vornado realty trust had won the bid a 99 year lease for the world trade center offering 3.25 billion . 7 silverstein properties was outbid by 30 million by vornado . however vornado balked over lease terms and possible tax liabilities . 8 silverstein signed a lease for the world trade center in april 2001 . 9 2001 present edit in 2001 the company acquired charles e. smith commercial realty owner of a portfolio of assets primarily in arlington virginia in a 1.58 billion transaction . robert e. smith and robert p. kogod were added to the board of directors of vornado . 10 in 2005 the company bought a 32.5 % interest in toys r us . 11 in 2013 steven roth replaced michael d. fascitelli as vornado s ceo . fascitelli had been ceo since 2009 . 12 in 2015 the company spun off its interest in urban edge properties to its shareholders . 13 current operations edit 330 madison avenue vornado owns the following major holdings edit alexander s 32.4 % merchandise mart 100 % toys r us 32.5 % office buildings edit new york city 150 east 58th st 640 fifth avenue 689 fifth avenue 608 fifth avenue 40 fulton street 731 lexington avenue 330 madison avenue 595 madison avenue 90 park avenue 350 park avenue one penn plaza two penn plaza 11 penn plaza 888 seventh avenue 155 spring street 909 third avenue 40 42 thompson street 100 west 33rd street 7 west 34th street 330 west 34th street 29 west 57th street 31 west 57th street 49 west 57th street 50 west 57th street san francisco 555 california street washington d.c. 1700 k street nw nw 1725 desales street 1999 k street nw 1925 k street nw 800 17th street nw pnc center 1919 m street nw 1101 17th street nw 2101 l street nw 1150 17th street 1776 k street nw 1666 k street nw 1730 m street nw waterfront station arlington virginia 200 12th street south 201 12th street south 241 18th street south 251 18th street south 1550 crystal drive 1750 crystal drive 2011 crystal drive 2100 crystal drive 2121 crystal drive 2200 crystal drive 2231 crystal drive 2345 crystal drive 2451 crystal drive 2001 jefferson davis highway 1800 south bell street 1801 south bell street 1851 south bell street 1901 south bell street 1215 south clark street 1225 south clark street 1235 south clark street 1919 south eads street rosslyn virginia rosslyn plaza c rosslyn plaza d rosslyn plaza e rosslyn plaza north courthouse plaza i courthouse plaza ii reston virginia commerce executive park iii commerce executive park iv commerce executive park v falls church virginia one skyline place two skyline place three skyline place four skyline place five skyline place six skyline place skyline technology center one skyline tower tysons corner virginia fairfax square bethesda maryland one democracy plaza two democracy plaza the bedford building the camalier building the champlain building the westmoreland building manhattan street retail edit upper west side 211 217 columbus avenue upper east side 677 679 madison avenue 759 771 madison avenue madison avenue midtown west 31 west 57th street luxury hotel planned 14 49 west 57th street 50 west 57th street 825 seventh avenue seventh avenue midtown east 640 fifth avenue 689 fifth avenue 595 madison avenue bloomberg tower 964 third avenue 968 third avenue 150 east 58th street 715 lexington avenue grand central terminal area 90 park avenue 330 madison avenue times square area 1540 broadway pennsylvania plaza one penn plaza two penn plaza 11 penn plaza manhattan mall 7 west 34th street 330 west 34th street hotel pennsylvania 415 seventh avenue 435 seventh avenue 484 eighth avenue union square area 4 union square south 25 west 14th street greenwich village 692 broadway 770 broadway soho 122 124 spring street 386 west broadway 387 west broadway 73 wooster 478 486 broadway 40 42 thompson street wall street area 40 fulton street merchandise mart properties inc. mmpi edit chicago illinois 222 merchandise mart plaza orleans & hubbard parking facilities new york city architects & designers building 150 east 58th street piers 92 & 94 references edit a b c d e f g vornado realty trust 2015 form 10 k annual report a b vornado realty trust . fundinguniverse . retrieved august 31 2014 . trump to acquire 20 % of alexander s . new york times . november 22 1986 . alexander s jumps on trump rumor . new york times . may 14 1991 . alexander s shuts all its 11 stores ; plans liquidation . new york times . may 16 1992 . vornado and affiliate get control of alexander s . new york times . march 7 1995 . vornado wins wtc lease . reuters . february 22 2001 . bagli chales march 17 2001 . world trade center deal remains in doubt . new york times . bagli chales april 27 2001 . deal is signed to take over trade center . new york times . vornado to acquire rest of charles e. smith . costar . october 19 2001 . bain capital kkr and vornado complete acquisition of toys r us inc. . toys r us . july 21 2005 . michael d. fascitelli to step down as vornado s chief executive officer ; steven roth the company s chairman appointed as chief executive officer . vornado . february 27 2013 . vornado announces completion of spin off of urban edge properties . vornado . january 15 2015 . vornado chief plans seven star hotel by central park . wall street journal . september 9 2014 . external links edit vornado realty trust retrieved from https en.wikipedia.org w index.php title vornado realty trust & oldid 741039961 categories companies listed on the new york stock exchangereal estate investment trusts of the united statescompanies based in new york citycompanies established in 1982property management companiesreal estate companies of the united states1982 establishments in new yorkhidden categories articles needing additional references from july 2012all articles needing additional references navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschsvenska edit links this page was last modified on 25 september 2016 at 00 48 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to 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