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Vornado, Trump Secure Refinancing, Loan Helps Write Story Line for CBS Building, Ashford Breathes Easier

A Weekly Look at the Commercial Mortgage-Backed Securities Business
The property at 1290 Avenue of the Americas in New York is a 2.1 million-square-foot office tower owned by Vornado Realty Trust and the Trump Organization. (James Hooker/CoStar)
The property at 1290 Avenue of the Americas in New York is a 2.1 million-square-foot office tower owned by Vornado Realty Trust and the Trump Organization. (James Hooker/CoStar)
CoStar News
November 11, 2021 | 3:08 P.M.

Vornado, Trump Secure Refinancing: Vornado Realty Trust has lined up a $950 million refinancing for 1290 Avenue of the Americas in New York, which it owns with the Trump Organization. Vornado had considered selling the building along with another office property in 2020.

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