5.18.16 - Roth puts Pennsylvania Hotel in his ‘development parking lot’
"While signs point to a slowdown in commercial real estate, at least one segment of the market may be immune to the effects of gravity."
"According to Steven Roth, the Chairman and CEO of Vornado Realty Trust, the sluggish pace of transactions in the CRE market touches everything except prime real estate assets."
“I think in terms of the highest quality, if anything, the demand looks like it’s increasing,” Roth said during an earnings call last week.