Vornado Buys, Payrolls Sluggish, Uncertainty Looms



Vornado to buy Fifth Avenue space for $707 million – [Crain’s New York]

Uncertainty keeps lid on Manhattan leasing – [Globest.com]

U.S. payrolls rise less than expected; jobless at 8.2 percent – [Bloomberg]

 Report: street improvements linked to office appeal – [Crain’s New York]

Robert Sammons is vice president of research services at Cassidy Turley, a full-service commercial real estate services provider offering tenant representation, project leasing, capital markets and research and consulting, among other platforms. Mr. Sammons can be reached at Robert.Sammons@Cassidyturley.com. To subscribe to Cassidy Turley’s daily news roundup email Arielle.Herzfeld@cassidyturley.com.