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. Return to main story

Updated Sept. 11, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
Terms of Use