Vornado Realty Trust’s (VNO) 52% owned street retail joint venture (“JV”) recently completed a $450 million financing of 1535 Broadway, a premier Times Square retail destination with full blockfront 4K LED signage.The interest-only, non-recourse loan carries a fixed rate of 6.90% and is slated to mature in May 2030.After considering transaction costs and reserves, $407 million of the net proceeds from the financing was utilized to partially redeem preferred equity of Vornado’s Retail JV.VNO: In a SnapshotWi ...