Steven Roth

Steven Roth News

• J.C. Penney Investors Re-Elect Board That Oversaw Johnson Era

  Ron Johnson’s job at J.C. Penney Co. ended after his attempt to overhaul the retailer wiped out a quarter of its sales and about half of its market value. The board members who hired him are staying.

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  Vornado Chairman Roth Named CEO as Fascitelli Resigns

  Vornado Realty Trust, the owner of more than 100 million square feet of U.S. properties, said Chief Executive Officer Michael Fascitelli resigned and will be replaced by Chairman Steven Roth.

• Vornado to Sell Harlem Office-Tower Site for $65 Million

  Vornado Realty Trust agreed to sell a parcel near the MetroNorth commuter rail station in Manhattan’s Harlem neighborhood, where it had planned to build an office tower five years ago.

• Vornado More Likely to Sell Than Buy After Prices Rise

  Vornado Realty Trust, owner of more than 100 million square feet (9.3 million square meters) of U.S. properties, will probably sell more real estate than it acquires following a surge in values, Chairman Steven Roth said today.

• Vornado Said to Sell Stake in Boston Site to Millennium

  Vornado Realty Trust sold its stake in a site in Boston’s Downtown Crossing district, ending an investment that had been plagued by years of stalled development.

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  Ackman-Roth Scored With Sears Before J.C. Penney Debacle

  Just when it looked like 2013 couldn’t get worse for hedge-fund manager William Ackman, one of his longest-standing investment allies is abandoning ship.

• Vornado CEO Says J.C. Penney Loss Unrelated to Exit

  Michael Fascitelli, who is leaving next week as Vornado Realty Trust’s chief executive officer, said losses on the company’s investment in J.C. Penney Co. had nothing to do with his decision to resign.

• J.C. Penney’s Post-Johnson Options Seen to Include Sale

  J.C. Penney Co. made a radical break with tradition by hiring Silicon Valley wunderkind Ron Johnson as chief executive officer. With Johnson gone, the chain may have to pursue more radical options, such as selling itself.

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  J.C. Penney’s Post-Johnson Options Seen to Include Sale

  J.C. Penney Co. made a radical break with tradition by hiring Silicon Valley wunderkind Ron Johnson as chief executive officer. With Johnson gone, the chain may have to pursue even more radical options, such as selling itself.

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  Ackman’s J.C. Penney Losses Signal Buyout Need: Real M&A

  Bill Ackman’s best shot at salvaging his investment in J.C. Penney Co. is to push the department store to go private before it runs out of cash and loses another billion dollars for shareholders.

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Quote

• "My belly tells me that prices are now higher than future prospects and therefore, we will buy carefully and likely sell more than we buy."

  - Steven Roth on Apr 12, 2013

Related Topics

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  New York

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  Pershing Square

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  Bill Ackman

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