Vornado to Beautify 330 Madison for $100 M.

Billionaire and golfing ace Steven Roth believes in New York City’s real estate market, no matter how battered and bloodied and black and blue it may appear at the tail end of a brutish winter.

His gesture of confidence: Vornado Realty Trust, of which he is CEO and chairman, will within three months begin construction on a more than $100 million rehabilitation and prettification of 330 Madison Avenue, the classy old broad...

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