Vornado Realty Trust and its partners are full-steam ahead at 350 Park Avenue, securing one of the largest known construction loans in New York City history. Vornado, Citadel and Rudin are “ready to go” with a $3.3 billion financing package to facilitate the 2 million-square-foot office development, Vornado’s Steven Roth revealed on a second-quarter earnings call Tuesday. The real estate investment trust did not reveal where the financing is coming from. The volume of the debt is relatively unprecedented in the history of New York office developments. Remarkably, the total is barely half of the estimated $6 billion price tag […]

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