Vornado’s Steven Roth on potential Mamdani victory: “We have not seen any pullback or hesitancy”
Steven Roth opened Vornado Realty Trust’s Election Day third-quarter earnings call with politics. “The election in New York City with the prospect of a Democrat socialist mayor has attracted enormous attention,” Roth said. “I’m an optimist and believe that everything will work out for the best. Importantly, with respect to the prospect of a Mamdani mayoralty, we have not seen any pullback or hesitancy in space demand from our customers. In fact, the opposite.” The Vornado chairman and CEO stayed upbeat as he turned to the topic of real estate. Manhattan’s office market has entered what he called “the third […]
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