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Steve Roth

All articles tagged with #steve roth

business1 month ago•30 min saved

Ken Griffin Won’t Walk Away From NYC’s 350 Park Tower Deal

On a Curbed-reported earnings call, Vornado’s Steve Roth confirmed Ken Griffin will remain in the 350 Park Avenue project as the leading partner, with Griffin’s Citadel as anchor tenant and Vornado exercising its option to own up to 36% of the deal while Griffin holds about 60%; the $4.5 billion development is still slated to close in September, despite Griffin’s earlier threats to pull out over New York’s pied‑à‑terre tax controversy and a recent spate of related political tension.

via Curbed|

#350-park #business #ken-griffin

business4 months ago•2 min saved

Vornado CEO equates 'tax the rich' with slurs, champions the 1%

On a Vornado Realty Trust earnings call, Steve Roth said the phrase 'tax the rich' is as hateful as racial slurs and argued the top 1% drive New York’s economy and taxes; he defended Ken Griffin against mayor Mamdani’s Pied-à-terre tax critique, noted Vornado paid about $560 million in real estate taxes, and suggested Griffin could help back like-minded candidates to grow the tax base.

via The Guardian|

#business #ken-griffin #pied-a-terre-tax

politics4 months ago•5 min saved

Vornado CEO: 'Tax the rich' rhetoric is as hateful as slurs

Steve Roth, CEO of Vornado Realty Trust, argued that calls to 'tax the rich' should be praised, not condemned, claiming the phrase is as hateful as racial slurs during an investor call; he criticized Mayor Zohran Mamdani’s pied-à-terre tax video and suggested Ken Griffin could play a role in educating voters, while Hochul resists broad tax hikes and Citadel weighs a paused $6 billion Midtown project involving Roth’s firm.

via Politico|

#pied-a-terre-tax #politics #steve-roth