Vintage Penn Station tower lands high-paying tenant after $450M facelift: sources

"Flight to quality" doesn't mean that office tenants in today's challenged market invariably gravitate to brand-new towers. The phenomenon includes demand for properties built in the ancient 20th Century that are "new" thanks to hundreds of millions of dollars of reinvestment. Vornado Realty Trust spent $450 million to redesign and reposition the once-obsolescent office tower that's now...