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DEALMAKING DYNAMOS

STEVEN ROTH
CHAIRMAN & CEO

MICHAEL D. FASCITELLI
PRESIDENT
Vornado Realty Trust
Saddle Brook, N.J.

THE COMBINATION OF ROTH, A CANNY, blunt-spoken real estate operator with an eye for value, and Fascitelli, a dealmaker par excellence, is unleashing a whirlwind of acquisition activity. The duo are expanding Vornado's focus from shopping centers in the Northeast to new property types and geographic areas. Their latest foray: office properties in New York and Pennsylvania. Vornado may also be eyeing the mall holdings of the Cleveland-based Jacobs group. If prices get too rich for Vornado, Roth can focus on redevelopment plans he has in New York City.



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Updated Sept. 11, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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