3.01.16 - Inside Vornado’s Penn Plaza ‘war room’
"Penn Plaza takes its moniker, of course, from Pennsylvania Station — the nation’s busiest transit hub. But Vornado Realty Trust, the mega-REIT that owns some 8 million square feet of office space in the area, has another name for it: the Big Kahuna."
"With hot office markets like Hudson Yards(rising to the west), Chelsea (moving north) and Midtown South (coming in from the east), the Penn Plaza area is the company’s top priority."
“They’ve got a war room dedicated to the area,” one source, who visited the company’s headquarters at 888 Seventh Avenue, toldThe Real Deal."