Two months ago, it seemed Vornado Realty Trust’s ownership of 650 Madison Avenue was coming to an end. But Steven Roth was able to hold onto the building. Vornado is free of special servicing at the Plaza District office building after fulfilling its obligations on the $800 million mortgage backing the property, Crain’s reported. The loan is considered current and ownership prefunded shortfalls for the next 12 months, as well as a $1.5 million leasing reserve, according to Morningstar Credit Analytics. No modification was made to the mortgage, which matures in three years. Ownership also dodged a workout fee from […]

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