Vornado JV Completes $161 Million Refinancing of 61 Ninth Avenue
Vornado Realty Trust’s joint venture secured a $161 million refinancing loan for its 61 Ninth Avenue property in Manhattan, replacing an existing $155 million loan with a longer maturity and higher interest rates tied to SOFR. The property is fully leased to major tenants Aetna and Starbucks, and the new loan matures in March 2029 with escalating m…