66 Bldgs Receive BOMA 360 Designation in Q1

The Building Owners and Managers Association (BOMA) International conferred 66 new buildings with the BOMA 360 Performance Program designation during the first quarter of 2012. The new inductees bring the total to 420 buildings in 55 markets that have received the designation since th
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Real Money: Vornado Refinances Two Manhattan Office Bldgs

Vornado Realty Trust in Paramus, NJ, completed a $ 330 million refinancing of Eleven Penn Plaza, a 1.1 million-square-foot Manhattan office building. The 7-year loan bears interest at LIBOR plus 2.35%, about 2.64%. The loan amortizes based on a 30-year schedule beginning in the fourth
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