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Vornado Realty Trust – ‘8-K’ for 5/19/15 – ‘EX-101.LAB’

On:  Tuesday, 5/19/15, at 7:19pm ET   ·   As of:  5/20/15   ·   For:  5/19/15   ·   Accession #:  899689-15-26   ·   File #:  1-11954

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  As Of               Filer                 Filing    For·On·As Docs:Size

 5/20/15  Vornado Realty Trust              8-K:8,9     5/19/15  110:30M

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     54K 
 3: EX-23       Consent of Experts or Counsel -- exhibit231         HTML     34K 
 4: EX-99       Miscellaneous Exhibit -- exhibit991                 HTML    222K 
 5: EX-99       Miscellaneous Exhibit -- exhibit992                 HTML   2.35M 
 6: EX-99       Miscellaneous Exhibit -- exhibit993                 HTML   2.33M 
 2: EX-12       Statement re: Computation of Ratios -- exhibit121   HTML    103K 
74: R1          Document and Entity Information                     HTML     58K 
57: R2          Consolidated Balance Sheets                         HTML    188K 
69: R3          Consolidated Balance Sheets (Parentheticals)        HTML     75K 
78: R4          Consolidated Statements of Income                   HTML    178K 
100: R5          Consolidated Statements of Comprehensive Income     HTML     67K  
59: R6          Consolidated Statements of Changes in Equity        HTML    330K 
68: R7          Consolidated Statements of Cash Flows               HTML    290K 
51: R8          Consolidated Statements of Cash Flows               HTML     31K 
                (Parentheticals)                                                 
41: R9          Organization and Business                           HTML     41K 
102: R10         Basis of Presentation and Significant Accounting    HTML    119K  
                Policies                                                         
80: R11         Vornado Capital Partners Real Estate Fund (the      HTML     55K 
                "Fund")                                                          
79: R12         Acquisitions                                        HTML     40K 
86: R13         Marketable Securities and Derivative Instruments    HTML     62K 
87: R14         Investments in Partially Owned Entities             HTML    247K 
84: R15         Mortgage and Mezzanine Loans Receivable             HTML     41K 
88: R16         Dispositions                                        HTML     81K 
70: R17         Identified Intangible Assets and Liabilities        HTML     61K 
75: R18         Debt                                                HTML     77K 
82: R19         Redeemable Noncontrolling Interests                 HTML     67K 
110: R20         Shareholders Equity                                 HTML     89K  
96: R21         Variable Interest Entities ("VIEs")                 HTML     35K 
64: R22         Fair Value Measurements                             HTML    164K 
81: R23         Stock-based Compensation                            HTML    123K 
66: R24         Fee and Other Income                                HTML     42K 
32: R25         Interest and Other Investment Income (Loss), Net    HTML     47K 
97: R26         Interest and Debt Expense                           HTML     39K 
106: R27         Income Per Share                                    HTML     87K  
46: R28         Leases                                              HTML     61K 
45: R29         Multiemployer Benefit Plans                         HTML     40K 
49: R30         Commitments and Contingencies                       HTML     42K 
50: R31         Related Party Transactions                          HTML     41K 
52: R32         Summary of Quarterly Results (Unaudited)            HTML     62K 
21: R33         Segment Information                                 HTML    311K 
94: R34         Basis of Presentation and Significant Accounting    HTML    121K 
                Policies (Policy)                                                
62: R35         Basis of Presentation and Significant Accounting    HTML     61K 
                Policies (Tables)                                                
65: R36         Vornado Capital Partners Real Estate Fund (the      HTML     45K 
                "Fund") (Tables)                                                 
36: R37         Marketable Securities and Derivative Instruments    HTML     49K 
                (Tables)                                                         
109: R38         Investments in Partially Owned Entities (Tables)    HTML    216K  
13: R39         Dispositions (Tables)                               HTML     58K 
54: R40         Identified Intangible Assets and Intangible         HTML     60K 
                Liabilities (Tables)                                             
99: R41         Debt (Tables)                                       HTML     64K 
34: R42         Redeemable Noncontrolling Interests (Tables)        HTML     64K 
44: R43         Shareholder's Equity (Tables)                       HTML     82K 
48: R44         Fair Value Measurements (Tables)                    HTML    154K 
58: R45         Stock-based Compensation (Tables)                   HTML     84K 
20: R46         Fee and Other Income (Tables)                       HTML     40K 
40: R47         Interest and Other Investment Income (Loss), Net    HTML     44K 
                (Tables)                                                         
15: R48         Interest and Debt Expense (Tables)                  HTML     38K 
98: R49         Income Per Share (Tables)                           HTML     84K 
33: R50         Leases (Tables)                                     HTML     54K 
95: R51         Summary of Quarterly Results (Tables)               HTML     59K 
37: R52         Segment Information (Tables)                        HTML    306K 
55: R53         Organization and Business (Details)                 HTML    130K 
14: R54         Basis of Presentation and Significant Accounting    HTML     50K 
                Policies (Details)                                               
18: R55         Basis of Presentation and Significant Accounting    HTML     59K 
                Policies (Details 1)                                             
47: R56         Basis of Presentation and Significant Accounting    HTML     90K 
                Policies (Details 2)                                             
25: R57         Vornado Capital Partners Real Estate Fund (the      HTML    107K 
                "Fund") (Narratives) (Details)                                   
103: R58         Vornado Capital Partners Real Estate Fund (the      HTML     55K  
                "Fund") (Details 1)                                              
61: R59         Acquisitions (Narratives) (Details)                 HTML     77K 
85: R60         Marketable Securities and Derivative Instruments:   HTML     79K 
                Derivative Instruments (Narratives) (Details)                    
39: R61         Marketable Securities and Derivative Instruments:   HTML     47K 
                Marketable Securities (Details)                                  
42: R62         Investments in Partially Owned Entities (Details)   HTML    243K 
92: R63         Investments in Partially Owned Entities             HTML    176K 
                (Alexander's Inc.) (Details)                                     
89: R64         Investments in Partially Owned Entities (Lnr)       HTML     42K 
                (Details)                                                        
63: R65         Investments in Partially Owned Entities (One Park   HTML     63K 
                Avenue and 61 Ninth Avenue) (Details)                            
91: R66         Investments in Partially Owned Entities - Debt      HTML     70K 
                (Details)                                                        
38: R67         Mortgage and Mezzanine Loans Receivable             HTML     92K 
                (Narratives) (Details)                                           
67: R68         Dispositions (Narratives) (Details)                 HTML    219K 
105: R69         Dispositions (Details 1)                            HTML     82K  
17: R70         Identified Intangible Assets and Intangible         HTML     82K 
                Liabilities (Details)                                            
31: R71         Debt (Narratives) (Details)                         HTML    289K 
56: R72         Debt (Summary of Debt) (Details)                    HTML     95K 
23: R73         Redeemable Noncontrolling Interests (Details)       HTML     96K 
108: R74         Shareholders Equity (Details)                       HTML    161K  
35: R75         Shareholders Equity (Details 1)                     HTML     49K 
26: R76         Variable Interest Entities (Details)                HTML     42K 
30: R77         Fair Value Measurements (Narratives) (Details)      HTML     80K 
19: R78         Fair Value Measurements (Details)                   HTML    123K 
22: R79         Fair Value Measurements (Details 1)                 HTML     75K 
76: R80         Fair Value Measurements (Details 2)                 HTML     64K 
28: R81         Stock-based Compensation (Narratives) (Details)     HTML    170K 
104: R82         Stock-based Compensation (Details 1)                HTML    149K  
53: R83         Fee and Other Income (Details)                      HTML     54K 
83: R84         Interest and Other Investment Income (Loss), Net    HTML     46K 
                (Details)                                                        
90: R85         Interest and Debt Expense (Details)                 HTML     40K 
27: R86         Income Per Share (Details)                          HTML    123K 
29: R87         Income Per Share (Parentheticals) (Details)         HTML     32K 
101: R88         Leases (Details)                                    HTML    114K  
24: R89         Multiemployer Plans (Details)                       HTML     40K 
77: R90         Commitments and Contingencies (Details)             HTML     64K 
72: R91         Related Party Transactions (Details)                HTML     74K 
93: R92         Summary of Quarterly Results (Details)              HTML     53K 
71: R93         Segment Information (Details)                       HTML    263K 
60: R94         Segment Information (Parentheticals) (Details)      HTML    166K 
107: XML         IDEA XML File -- Filing Summary                      XML    168K  
16: EXCEL       IDEA Workbook of Financial Reports                  XLSX    370K 
43: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   3.59M 
 7: EX-101.INS  XBRL Instance -- vno-20141231                        XML   5.42M 
 9: EX-101.CAL  XBRL Calculations -- vno-20141231_cal                XML    395K 
10: EX-101.DEF  XBRL Definitions -- vno-20141231_def                 XML   3.17M 
11: EX-101.LAB  XBRL Labels -- vno-20141231_lab                      XML   4.48M 
12: EX-101.PRE  XBRL Presentations -- vno-20141231_pre               XML   3.56M 
 8: EX-101.SCH  XBRL Schema -- vno-20141231                          XSD    649K 
73: ZIP         XBRL Zipped Folder -- 0000899689-15-000026-xbrl      Zip    513K

‘EX-101.LAB’   —   XBRL Labels — vno-20141231_lab

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
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<roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
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<labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AreaOfRealEstateProperty" xlink:label="element1"/>
<label xlink:type="resource" xlink:label="label1" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AreaOfRealEstateProperty_en-US"> Square Footage Of Real Estate Property </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1" xlink:to="label1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AreaOfRealEstateProperty" xlink:label="element2"/>
<label xlink:type="resource" xlink:label="label2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AreaOfRealEstateProperty_en-US"> Square Footage Of Real Estate Property </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2" xlink:to="label2"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AreaOfRealEstateProperty" xlink:label="element3"/>
<label xlink:type="resource" xlink:label="label3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AreaOfRealEstateProperty_en-US"> Square Footage Of Real Estate Property Sold </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3" xlink:to="label3"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AwardTypeAxis" xlink:label="element4"/>
<label xlink:type="resource" xlink:label="label4" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AwardTypeAxis_en-US"> Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Award Type And Plan Name [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element4" xlink:to="label4"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableforsaleSecuritiesDebtMaturitiesDate" xlink:label="element5"/>
<label xlink:type="resource" xlink:label="label5" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableforsaleSecuritiesDebtMaturitiesDate_en-US"> Available-for-sale Securities, Debt Maturities, Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element5" xlink:to="label5"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="element6"/>
<label xlink:type="resource" xlink:label="label6" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccountingPoliciesAbstract_en-US"> Basis of Presentation and Significant Accounting Policies [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element6" xlink:to="label6"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:label="element7"/>
<label xlink:type="resource" xlink:label="label7" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AccountsReceivableNet_en-US"> Tenant and other receivable, net, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element7" xlink:to="label7"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:label="element8"/>
<label xlink:type="resource" xlink:label="label8" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccountsReceivableNet_en-US"> Tenant and other receivables, net of allowance for doubtful accounts of $12,210 and $14,519 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element8" xlink:to="label8"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="element9"/>
<label xlink:type="resource" xlink:label="label9" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_en-US"> Accounts Payable And Accrued Liabilities Current And Non Current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element9" xlink:to="label9"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="element10"/>
<label xlink:type="resource" xlink:label="label10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_en-US"> Accounts payable and accrued expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element10" xlink:to="label10"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="element11"/>
<label xlink:type="resource" xlink:label="label11" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_en-US"> Accounts Payable and Accrued Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element11" xlink:to="label11"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="element12"/>
<label xlink:type="resource" xlink:label="label12" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccountsNotesAndLoansReceivableLineItems_en-US"> Accounts, Notes, Loans and Financing Receivable [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element12" xlink:to="label12"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsReceivableGross" xlink:label="element13"/>
<label xlink:type="resource" xlink:label="label13" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccountsReceivableGross_en-US"> Accounts Receivable, Gross </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element13" xlink:to="label13"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element14"/>
<label xlink:type="resource" xlink:label="label14" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US"> Accumulated other comprehensive (loss) income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element14" xlink:to="label14"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element15"/>
<label xlink:type="resource" xlink:label="label15" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US"> Accumulated other comprehensive (loss) income, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element15" xlink:to="label15"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element16"/>
<label xlink:type="resource" xlink:label="label16" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US"> Accumulated other comprehensive (loss) income, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element16" xlink:to="label16"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element17"/>
<label xlink:type="resource" xlink:label="label17" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US"> Accumulated other comprehensive income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element17" xlink:to="label17"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element18"/>
<label xlink:type="resource" xlink:label="label18" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US"> Accumulated Other Comprehensive Income Loss Net Of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element18" xlink:to="label18"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="element19"/>
<label xlink:type="resource" xlink:label="label19" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_en-US"> Securities available for sale [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element19" xlink:to="label19"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="element20"/>
<label xlink:type="resource" xlink:label="label20" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AccumulatedOtherComprehensiveIncomeMember_en-US"> Accumulated Other Comprehensive Income (Loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element20" xlink:to="label20"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="element21"/>
<label xlink:type="resource" xlink:label="label21" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedOtherComprehensiveIncomeMember_en-US"> Accumulated Other Comprehensive Income [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element21" xlink:to="label21"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" xlink:label="element22"/>
<label xlink:type="resource" xlink:label="label22" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_en-US"> Interest rate Swap [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element22" xlink:to="label22"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AcquisitionRelatedCostsMember" xlink:label="element23"/>
<label xlink:type="resource" xlink:label="label23" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AcquisitionRelatedCostsMember_en-US"> Acquisitions related costs [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element23" xlink:to="label23"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AcquisitionRelatedCostsMember" xlink:label="element24"/>
<label xlink:type="resource" xlink:label="label24" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AcquisitionRelatedCostsMember_en-US"> Acquisition Related Costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element24" xlink:to="label24"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AcquisitionRelatedCostsMember" xlink:label="element25"/>
<label xlink:type="resource" xlink:label="label25" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AcquisitionRelatedCostsMember_en-US"> Acquisition and transaction related costs, and impairment losses [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element25" xlink:to="label25"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="element26"/>
<label xlink:type="resource" xlink:label="label26" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AdditionalPaidInCapital_en-US"> Additional capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element26" xlink:to="label26"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="element27"/>
<label xlink:type="resource" xlink:label="label27" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdditionalPaidInCapital_en-US"> Additional Paid In Capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element27" xlink:to="label27"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="element28"/>
<label xlink:type="resource" xlink:label="label28" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_AdditionalPaidInCapital_en-US"> Additional Paid in Capital, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element28" xlink:to="label28"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="element29"/>
<label xlink:type="resource" xlink:label="label29" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_AdditionalPaidInCapital_en-US"> Additional Paid in Capital, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element29" xlink:to="label29"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="element30"/>
<label xlink:type="resource" xlink:label="label30" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AdditionalPaidInCapital_en-US"> Additional Paid in Capital, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element30" xlink:to="label30"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="element31"/>
<label xlink:type="resource" xlink:label="label31" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdditionalPaidInCapitalMember_en-US"> Additional Capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element31" xlink:to="label31"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="element32"/>
<label xlink:type="resource" xlink:label="label32" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_en-US"> Adjustments to reconcile net income to net cash provided by operating activities: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element32" xlink:to="label32"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="element33"/>
<label xlink:type="resource" xlink:label="label33" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_en-US"> Changes in operating assets and liabilities: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element33" xlink:to="label33"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature" xlink:label="element34"/>
<label xlink:type="resource" xlink:label="label34" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature_en-US"> Adjustments to redeemable Class A Operating Partnership units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element34" xlink:to="label34"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature" xlink:label="element35"/>
<label xlink:type="resource" xlink:label="label35" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature_en-US"> Adjustments to carry Class A redeemable Units at redemption value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element35" xlink:to="label35"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature" xlink:label="element36"/>
<label xlink:type="resource" xlink:label="label36" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature_en-US"> Adjustments to redeemable Class A Operating Partnership units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element36" xlink:to="label36"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature" xlink:label="element37"/>
<label xlink:type="resource" xlink:label="label37" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature_en-US"> Adjustments to carry redeemable Class A units at redemption value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element37" xlink:to="label37"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="element38"/>
<label xlink:type="resource" xlink:label="label38" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AllocatedShareBasedCompensationExpense_en-US"> Share Based Compensation Expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element38" xlink:to="label38"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsMember" xlink:label="element39"/>
<label xlink:type="resource" xlink:label="label39" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsMember_en-US"> Allowance For Doubtful Accounts [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element39" xlink:to="label39"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables" xlink:label="element40"/>
<label xlink:type="resource" xlink:label="label40" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_en-US"> Tenant and other receivables, allowance for doubtful accounts (in US dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element40" xlink:to="label40"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivable" xlink:label="element41"/>
<label xlink:type="resource" xlink:label="label41" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsReceivable_en-US"> Allowance for Doubtful Accounts Receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element41" xlink:to="label41"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="element42"/>
<label xlink:type="resource" xlink:label="label42" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AmortizationOfFinancingCosts_en-US"> Amortization of deferred financing costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element42" xlink:to="label42"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfIntangibleAssets" xlink:label="element43"/>
<label xlink:type="resource" xlink:label="label43" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AmortizationOfIntangibleAssets_en-US"> Increase in rental income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element43" xlink:to="label43"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfIntangibleAssets" xlink:label="element44"/>
<label xlink:type="resource" xlink:label="label44" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AmortizationOfIntangibleAssets_en-US"> Amortization of Intangible Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element44" xlink:to="label44"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfIntangibleAssets" xlink:label="element45"/>
<label xlink:type="resource" xlink:label="label45" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AmortizationOfIntangibleAssets_en-US"> Amortization of Intangible Assets, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element45" xlink:to="label45"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfDebtDiscountPremium" xlink:label="element46"/>
<label xlink:type="resource" xlink:label="label46" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AmortizationOfDebtDiscountPremium_en-US"> Amortization of Debt Discount (Premium) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element46" xlink:to="label46"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="element47"/>
<label xlink:type="resource" xlink:label="label47" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_en-US"> Weighted average common share equivalents of excluded dilutive securities due to anti-dilutive effect </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element47" xlink:to="label47"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="element48"/>
<label xlink:type="resource" xlink:label="label48" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_en-US"> Weighted average common share equivalents of excluded dilutive securities due to anti-dilutive effect. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element48" xlink:to="label48"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="element49"/>
<label xlink:type="resource" xlink:label="label49" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_en-US"> Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element49" xlink:to="label49"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:label="element50"/>
<label xlink:type="resource" xlink:label="label50" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetImpairmentCharges_en-US"> Asset Impairment Charges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element50" xlink:to="label50"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:label="element51"/>
<label xlink:type="resource" xlink:label="label51" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AssetImpairmentCharges_en-US"> Impairment losses and tenant buy-outs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element51" xlink:to="label51"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:label="element52"/>
<label xlink:type="resource" xlink:label="label52" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AssetImpairmentCharges_en-US"> Impairment Losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element52" xlink:to="label52"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="element53"/>
<label xlink:type="resource" xlink:label="label53" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Assets_en-US"> Total assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element53" xlink:to="label53"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="element54"/>
<label xlink:type="resource" xlink:label="label54" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_Assets_en-US"> Total assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element54" xlink:to="label54"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets" xlink:label="element55"/>
<label xlink:type="resource" xlink:label="label55" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_Assets_en-US"> Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element55" xlink:to="label55"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsFairValueDisclosure" xlink:label="element56"/>
<label xlink:type="resource" xlink:label="label56" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsFairValueDisclosure_en-US"> Assets, Fair Value Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element56" xlink:to="label56"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsFairValueDisclosure" xlink:label="element57"/>
<label xlink:type="resource" xlink:label="label57" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AssetsFairValueDisclosure_en-US"> Total assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element57" xlink:to="label57"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="element58"/>
<label xlink:type="resource" xlink:label="label58" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsAbstract_en-US"> Assets Abstract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element58" xlink:to="label58"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="element59"/>
<label xlink:type="resource" xlink:label="label59" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AssetsAbstract_en-US"> ASSETS </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element59" xlink:to="label59"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation" xlink:label="element60"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element60" xlink:to="label60"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation" xlink:label="element61"/>
<label xlink:type="resource" xlink:label="label61" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_en-US"> Assets Of Disposal Group Including Discontinued Operation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element61" xlink:to="label61"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsFairValueDisclosureNonrecurring" xlink:label="element62"/>
<label xlink:type="resource" xlink:label="label62" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsFairValueDisclosureNonrecurring_en-US"> Total Assets, Nonrecurring </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element62" xlink:to="label62"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsFairValueDisclosureNonrecurring" xlink:label="element63"/>
<label xlink:type="resource" xlink:label="label63" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AssetsFairValueDisclosureNonrecurring_en-US"> Total Assets, Nonrecurring </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element63" xlink:to="label63"/>
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<label xlink:type="resource" xlink:label="label64" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis_en-US"> Available-for-sale Equity Securities, Amortized Cost Basis </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element64" xlink:to="label64"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax" xlink:label="element65"/>
<label xlink:type="resource" xlink:label="label65" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax_en-US"> Available-for-sale Securities, Gross Unrealized Gain (Loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element65" xlink:to="label65"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:label="element66"/>
<label xlink:type="resource" xlink:label="label66" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_en-US"> Available-for-sale Debt Securities, Amortized Cost Basis </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element66" xlink:to="label66"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="element67"/>
<label xlink:type="resource" xlink:label="label67" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesDebtSecurities_en-US"> Debt securities(1) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element67" xlink:to="label67"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="element68"/>
<label xlink:type="resource" xlink:label="label68" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesDebtSecurities_en-US"> Available-for-sale Securities, Debt Securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element68" xlink:to="label68"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAmortizedCost" xlink:label="element69"/>
<label xlink:type="resource" xlink:label="label69" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesAmortizedCost_en-US"> Available-for-sale Securities, Amortized Cost Basis </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element69" xlink:to="label69"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract" xlink:label="element70"/>
<label xlink:type="resource" xlink:label="label70" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_en-US"> Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element70" xlink:to="label70"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds" xlink:label="element71"/>
<label xlink:type="resource" xlink:label="label71" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds_en-US"> Available For Sale Securities Gross Realized Gains Losses Sale Proceeds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element71" xlink:to="label71"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" xlink:label="element72"/>
<label xlink:type="resource" xlink:label="label72" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_en-US"> Available-for-sale Securities, Gross Realized Losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element72" xlink:to="label72"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:label="element73"/>
<label xlink:type="resource" xlink:label="label73" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_en-US"> Available For Sale Securities Gross Realized Gains </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element73" xlink:to="label73"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet" xlink:label="element74"/>
<label xlink:type="resource" xlink:label="label74" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet_en-US"> Available-for-sale Securities, Gross Realized Gain (Loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element74" xlink:to="label74"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet" xlink:label="element75"/>
<label xlink:type="resource" xlink:label="label75" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet_en-US"> Net loss on sale of common shares in J.C Penney </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element75" xlink:to="label75"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock" xlink:label="element76"/>
<label xlink:type="resource" xlink:label="label76" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock_en-US"> Basis Of Presentation And Significant Accounting Policies [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element76" xlink:to="label76"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock" xlink:label="element77"/>
<label xlink:type="resource" xlink:label="label77" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_BasisOfPresentationAndSignificantAccountingPoliciesTextBlock_en-US"> Basis Of Presentation And Significant Accounting Policies </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element77" xlink:to="label77"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="element78"/>
<label xlink:type="resource" xlink:label="label78" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_en-US"> Basis of Accounting, Policy [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element78" xlink:to="label78"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="element79"/>
<label xlink:type="resource" xlink:label="label79" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_en-US"> Basis of Presentation Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element79" xlink:to="label79"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BoardOfDirectorsChairmanMember" xlink:label="element80"/>
<label xlink:type="resource" xlink:label="label80" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BoardOfDirectorsChairmanMember_en-US"> Board Of Directors Chairman [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element80" xlink:to="label80"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BuildingImprovementsMember" xlink:label="element81"/>
<label xlink:type="resource" xlink:label="label81" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BuildingImprovementsMember_en-US"> Building Improvements [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element81" xlink:to="label81"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BuildingsAndImprovementsGross" xlink:label="element82"/>
<label xlink:type="resource" xlink:label="label82" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BuildingsAndImprovementsGross_en-US"> Buildings and improvements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element82" xlink:to="label82"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BuildingsAndImprovementsGross" xlink:label="element83"/>
<label xlink:type="resource" xlink:label="label83" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_BuildingsAndImprovementsGross_en-US"> Buildings and Improvements, Gross, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element83" xlink:to="label83"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="element84"/>
<label xlink:type="resource" xlink:label="label84" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessAcquisitionAxis_en-US"> Business Acquisition [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element84" xlink:to="label84"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred" xlink:label="element85"/>
<label xlink:type="resource" xlink:label="label85" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred_en-US"> Business Acquisition Cost Of Acquired Entity Liabilities Incurred </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element85" xlink:to="label85"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="element86"/>
<label xlink:type="resource" xlink:label="label86" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessAcquisitionLineItems_en-US"> Business Acquisition [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element86" xlink:to="label86"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="element87"/>
<label xlink:type="resource" xlink:label="label87" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessAcquisitionAcquireeDomain_en-US"> Business Acquisition Acquiree [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element87" xlink:to="label87"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationsAbstract" xlink:label="element88"/>
<label xlink:type="resource" xlink:label="label88" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessCombinationsAbstract_en-US"> Business Combinations [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element88" xlink:to="label88"/>
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<label xlink:type="resource" xlink:label="label89" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessCombinationDisclosureTextBlock_en-US"> Acquisitions [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element89" xlink:to="label89"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BusinessCombinationDisclosureTextBlock" xlink:label="element90"/>
<label xlink:type="resource" xlink:label="label90" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_BusinessCombinationDisclosureTextBlock_en-US"> Acquisitions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element90" xlink:to="label90"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="element91"/>
<label xlink:type="resource" xlink:label="label91" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsDueInFiveYears_en-US"> Capital Leases Future Minimum Payments Due In Five Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element91" xlink:to="label91"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="element92"/>
<label xlink:type="resource" xlink:label="label92" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CapitalLeasesFutureMinimumPaymentsDueInFiveYears_en-US"> 2019 </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="element93"/>
<label xlink:type="resource" xlink:label="label93" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsDueInFourYears_en-US"> Capital Leases Future Minimum Payments Due In Four Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element93" xlink:to="label93"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="element94"/>
<label xlink:type="resource" xlink:label="label94" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CapitalLeasesFutureMinimumPaymentsDueInFourYears_en-US"> 2018 </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDue" xlink:label="element95"/>
<label xlink:type="resource" xlink:label="label95" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_en-US"> Capital Leases Future Minimum Payments Due </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element95" xlink:to="label95"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDue" xlink:label="element96"/>
<label xlink:type="resource" xlink:label="label96" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_CapitalLeasesFutureMinimumPaymentsDue_en-US"> Total Minimum Obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element96" xlink:to="label96"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="element97"/>
<label xlink:type="resource" xlink:label="label97" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsDueInThreeYears_en-US"> Capital Leases Future Minimum Payments Due In Three Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element97" xlink:to="label97"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="element98"/>
<label xlink:type="resource" xlink:label="label98" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CapitalLeasesFutureMinimumPaymentsDueInThreeYears_en-US"> 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element98" xlink:to="label98"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments" xlink:label="element99"/>
<label xlink:type="resource" xlink:label="label99" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments_en-US"> Capital Leases Future Minimum Payments Interest Included In Payments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element99" xlink:to="label99"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments" xlink:label="element100"/>
<label xlink:type="resource" xlink:label="label100" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments_en-US"> Interest Portion </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element100" xlink:to="label100"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasedAssetsGross" xlink:label="element101"/>
<label xlink:type="resource" xlink:label="label101" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasedAssetsGross_en-US"> Capital Leased Assets Gross </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element101" xlink:to="label101"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasedAssetsGross" xlink:label="element102"/>
<label xlink:type="resource" xlink:label="label102" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CapitalLeasedAssetsGross_en-US"> Property Leased Under Capital Leases Cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element102" xlink:to="label102"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasedAssetsGross" xlink:label="element103"/>
<label xlink:type="resource" xlink:label="label103" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CapitalLeasedAssetsGross_en-US"> Marriott Marquis Times Square - retail and signage capital lease: Asset (included in development costs and construction in progress) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element103" xlink:to="label103"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="element104"/>
<label xlink:type="resource" xlink:label="label104" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsDueInTwoYears_en-US"> Capital Leases Future Minimum Payments Due In Two Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element104" xlink:to="label104"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="element105"/>
<label xlink:type="resource" xlink:label="label105" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CapitalLeasesFutureMinimumPaymentsDueInTwoYears_en-US"> 2016 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element105" xlink:to="label105"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueCurrent" xlink:label="element106"/>
<label xlink:type="resource" xlink:label="label106" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsDueCurrent_en-US"> Capital Leases Future Minimum Payments Due Current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element106" xlink:to="label106"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueCurrent" xlink:label="element107"/>
<label xlink:type="resource" xlink:label="label107" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CapitalLeasesFutureMinimumPaymentsDueCurrent_en-US"> 2015 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element107" xlink:to="label107"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalExpendituresIncurredButNotYetPaid" xlink:label="element108"/>
<label xlink:type="resource" xlink:label="label108" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalExpendituresIncurredButNotYetPaid_en-US"> Capital Expenditures Incurred but Not yet Paid </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element108" xlink:to="label108"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalExpendituresIncurredButNotYetPaid" xlink:label="element109"/>
<label xlink:type="resource" xlink:label="label109" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CapitalExpendituresIncurredButNotYetPaid_en-US"> Accrued capital expenditures included in accounts payable and accrued expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element109" xlink:to="label109"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesOfLesseeContingentRentalsBasisSpreadOnVariableRate" xlink:label="element110"/>
<label xlink:type="resource" xlink:label="label110" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesOfLesseeContingentRentalsBasisSpreadOnVariableRate_en-US"> Spread Over LIBOR (in percentage) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element110" xlink:to="label110"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueAbstract" xlink:label="element111"/>
<label xlink:type="resource" xlink:label="label111" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsDueAbstract_en-US"> Capital Leases Future Minimum Payments Due [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element111" xlink:to="label111"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueThereafter" xlink:label="element112"/>
<label xlink:type="resource" xlink:label="label112" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsDueThereafter_en-US"> Capital Leases Future Minimum Payments Due Thereafter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element112" xlink:to="label112"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsDueThereafter" xlink:label="element113"/>
<label xlink:type="resource" xlink:label="label113" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CapitalLeasesFutureMinimumPaymentsDueThereafter_en-US"> Thereafter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element113" xlink:to="label113"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeaseObligationsIncurred" xlink:label="element114"/>
<label xlink:type="resource" xlink:label="label114" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeaseObligationsIncurred_en-US"> Capita lLease Obligations Incurred </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element114" xlink:to="label114"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeaseObligationsIncurred" xlink:label="element115"/>
<label xlink:type="resource" xlink:label="label115" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_CapitalLeaseObligationsIncurred_en-US"> Liability (included in other liabilities) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element115" xlink:to="label115"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments" xlink:label="element116"/>
<label xlink:type="resource" xlink:label="label116" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments_en-US"> Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element116" xlink:to="label116"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments" xlink:label="element117"/>
<label xlink:type="resource" xlink:label="label117" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments_en-US"> Present Value Of Net Minimum Payments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element117" xlink:to="label117"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalUnitClassAMember" xlink:label="element118"/>
<label xlink:type="resource" xlink:label="label118" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalUnitClassAMember_en-US"> Common Class A [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element118" xlink:to="label118"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalUnitsByClassAxis" xlink:label="element119"/>
<label xlink:type="resource" xlink:label="label119" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalUnitsByClassAxis_en-US"> Redeemable Noncontrolling Interest Operating Partnership Units Series Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element119" xlink:to="label119"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation" xlink:label="element120"/>
<label xlink:type="resource" xlink:label="label120" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation_en-US"> Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element120" xlink:to="label120"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation" xlink:label="element121"/>
<label xlink:type="resource" xlink:label="label121" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation_en-US"> Property Leased Under Capital Leases Accumulated Depreciation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element121" xlink:to="label121"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalUnitClassDomain" xlink:label="element122"/>
<label xlink:type="resource" xlink:label="label122" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalUnitClassDomain_en-US"> Redeemable Noncontrolling Interest Operating Partnership Units Series Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element122" xlink:to="label122"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="element123"/>
<label xlink:type="resource" xlink:label="label123" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CarryingReportedAmountFairValueDisclosureMember_en-US"> Carrying (Reported) Amount, Fair Value Disclosure [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element123" xlink:to="label123"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="element124"/>
<label xlink:type="resource" xlink:label="label124" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsPolicyTextBlock_en-US"> Cash And Cash Equivalents [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element124" xlink:to="label124"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="element125"/>
<label xlink:type="resource" xlink:label="label125" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_en-US"> Net increase (decrease) in cash and cash equivalents </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element125" xlink:to="label125"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="element126"/>
<label xlink:type="resource" xlink:label="label126" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_en-US"> Net increase (decrease) in cash and cash equivalents </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element126" xlink:to="label126"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="element127"/>
<label xlink:type="resource" xlink:label="label127" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US"> Cash and cash equivalents </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element127" xlink:to="label127"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="element128"/>
<label xlink:type="resource" xlink:label="label128" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US"> Cash and cash equivalents at end of period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element128" xlink:to="label128"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="element129"/>
<label xlink:type="resource" xlink:label="label129" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US"> Cash and cash equivalents at beginning of period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element129" xlink:to="label129"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="element130"/>
<label xlink:type="resource" xlink:label="label130" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US"> Cash and Cash Equivalents, at Carrying Value, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element130" xlink:to="label130"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:label="element131"/>
<label xlink:type="resource" xlink:label="label131" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsFairValueDisclosure_en-US"> Cash equivalents </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element131" xlink:to="label131"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:label="element132"/>
<label xlink:type="resource" xlink:label="label132" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_en-US"> Cash And Cash Equivalents Restricted Cash And Cash Equivalents Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element132" xlink:to="label132"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="element133"/>
<label xlink:type="resource" xlink:label="label133" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_en-US"> Non Cash Transactions [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element133" xlink:to="label133"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="element134"/>
<label xlink:type="resource" xlink:label="label134" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_en-US"> Non-Cash Investing and Financing Activities: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element134" xlink:to="label134"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="element135"/>
<label xlink:type="resource" xlink:label="label135" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ClassOfStockLineItems_en-US"> Class Of Stock [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element135" xlink:to="label135"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="element136"/>
<label xlink:type="resource" xlink:label="label136" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ClassOfStockDomain_en-US"> Class of Stock [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element136" xlink:to="label136"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="element137"/>
<label xlink:type="resource" xlink:label="label137" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ClassificationOfVariableInterestEntityDomain_en-US"> Variable Interest Entity, Classification [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element137" xlink:to="label137"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CoVenturerMember" xlink:label="element138"/>
<label xlink:type="resource" xlink:label="label138" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CoVenturerMember_en-US"> Co Venture [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element138" xlink:to="label138"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="element139"/>
<label xlink:type="resource" xlink:label="label139" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_en-US"> Commitments and Contingencies Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element139" xlink:to="label139"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="element140"/>
<label xlink:type="resource" xlink:label="label140" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingencies_en-US"> Commitments And Contingencies </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element140" xlink:to="label140"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="element141"/>
<label xlink:type="resource" xlink:label="label141" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CommitmentsAndContingencies_en-US"> Commitments and contingencies </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element141" xlink:to="label141"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="element142"/>
<label xlink:type="resource" xlink:label="label142" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_en-US"> Commitments And Contingencies Disclosure Text Block </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element142" xlink:to="label142"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="element143"/>
<label xlink:type="resource" xlink:label="label143" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_en-US"> Commitments and Contingencies </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element143" xlink:to="label143"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="element144"/>
<label xlink:type="resource" xlink:label="label144" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockParOrStatedValuePerShare_en-US"> Common shares of beneficial interest: par value per share (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element144" xlink:to="label144"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockMember" xlink:label="element145"/>
<label xlink:type="resource" xlink:label="label145" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockMember_en-US"> Common Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element145" xlink:to="label145"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockMember" xlink:label="element146"/>
<label xlink:type="resource" xlink:label="label146" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CommonStockMember_en-US"> Common Shares [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element146" xlink:to="label146"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValue" xlink:label="element147"/>
<label xlink:type="resource" xlink:label="label147" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockValue_en-US"> Common shares of beneficial interest: $.04 par value per share; authorized, 250,000,000 shares; issued and outstanding 187,887,498 and 187,284,688 shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element147" xlink:to="label147"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValue" xlink:label="element148"/>
<label xlink:type="resource" xlink:label="label148" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_CommonStockValue_en-US"> Common Stock, Value, Issued, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element148" xlink:to="label148"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValue" xlink:label="element149"/>
<label xlink:type="resource" xlink:label="label149" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_CommonStockValue_en-US"> Common Stock, Value, Issued, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element149" xlink:to="label149"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValue" xlink:label="element150"/>
<label xlink:type="resource" xlink:label="label150" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_CommonStockValue_en-US"> Common Stock, Value, Issued, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element150" xlink:to="label150"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="element151"/>
<label xlink:type="resource" xlink:label="label151" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockSharesIssued_en-US"> Common shares of beneficial interest: issued shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element151" xlink:to="label151"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="element152"/>
<label xlink:type="resource" xlink:label="label152" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_CommonStockSharesIssued_en-US"> Common Stock, Shares, Issued, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element152" xlink:to="label152"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="element153"/>
<label xlink:type="resource" xlink:label="label153" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockSharesAuthorized_en-US"> Common shares of beneficial interest: authorized shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element153" xlink:to="label153"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockDividendsPerShareCashPaid" xlink:label="element154"/>
<label xlink:type="resource" xlink:label="label154" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockDividendsPerShareCashPaid_en-US"> Dividends per common share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element154" xlink:to="label154"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockDividendsShares" xlink:label="element155"/>
<label xlink:type="resource" xlink:label="label155" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockDividendsShares_en-US"> Dividends on common shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element155" xlink:to="label155"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockDividendsShares" xlink:label="element156"/>
<label xlink:type="resource" xlink:label="label156" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CommonStockDividendsShares_en-US"> Dividends paid on common shares, shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element156" xlink:to="label156"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="element157"/>
<label xlink:type="resource" xlink:label="label157" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockSharesOutstanding_en-US"> Common shares of beneficial interest: outstanding shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element157" xlink:to="label157"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="element158"/>
<label xlink:type="resource" xlink:label="label158" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_CommonStockSharesOutstanding_en-US"> Common Stock, Shares, Outstanding, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element158" xlink:to="label158"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="element159"/>
<label xlink:type="resource" xlink:label="label159" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_CommonStockSharesOutstanding_en-US"> Common Stock, Shares, Outstanding, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element159" xlink:to="label159"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract" xlink:label="element160"/>
<label xlink:type="resource" xlink:label="label160" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract_en-US"> Common Stock Number Of Shares Par Value And Other Disclosures Abstract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element160" xlink:to="label160"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract" xlink:label="element161"/>
<label xlink:type="resource" xlink:label="label161" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract_en-US"> Common Stock Number Of Shares Par Value And Other Disclosures Abstract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element161" xlink:to="label161"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="element162"/>
<label xlink:type="resource" xlink:label="label162" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ComprehensiveIncomeNetOfTax_en-US"> Comprehensive income attributable to Vornado </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element162" xlink:to="label162"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="element163"/>
<label xlink:type="resource" xlink:label="label163" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ComprehensiveIncomeNetOfTax_en-US"> Comprehensive income (loss) attributable to Vornado </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element163" xlink:to="label163"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="element164"/>
<label xlink:type="resource" xlink:label="label164" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComprehensiveIncomeNetOfTax_en-US"> Comprehensive Income Net of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element164" xlink:to="label164"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="element165"/>
<label xlink:type="resource" xlink:label="label165" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ComprehensiveIncomeNetOfTax_en-US"> Comprehensive income attributable to Vornado </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element165" xlink:to="label165"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="element166"/>
<label xlink:type="resource" xlink:label="label166" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_en-US"> Less comprehensive income attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element166" xlink:to="label166"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="element167"/>
<label xlink:type="resource" xlink:label="label167" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_en-US"> Less: Comprehensive income attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element167" xlink:to="label167"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="element168"/>
<label xlink:type="resource" xlink:label="label168" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_en-US"> Comprehensive Income, Net of Tax, Attributable to Noncontrolling Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element168" xlink:to="label168"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="element169"/>
<label xlink:type="resource" xlink:label="label169" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_en-US"> Comprehensive Income, Net of Tax, Attributable to Noncontrolling Interest, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element169" xlink:to="label169"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="element170"/>
<label xlink:type="resource" xlink:label="label170" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_en-US"> Less comprehensive income attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element170" xlink:to="label170"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element171"/>
<label xlink:type="resource" xlink:label="label171" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_en-US"> Comprehensive income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element171" xlink:to="label171"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element172"/>
<label xlink:type="resource" xlink:label="label172" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_en-US"> Comprehensive income (loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element172" xlink:to="label172"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element173"/>
<label xlink:type="resource" xlink:label="label173" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_en-US"> Comprehensive Income, Net of Tax, Including Portion Attributable to Noncontrolling Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element173" xlink:to="label173"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element174"/>
<label xlink:type="resource" xlink:label="label174" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_en-US"> Comprehensive income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element174" xlink:to="label174"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConcentrationRiskTypeDomain" xlink:label="element175"/>
<label xlink:type="resource" xlink:label="label175" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConcentrationRiskTypeDomain_en-US"> Concentration Risk Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element175" xlink:to="label175"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConcentrationRiskLineItems" xlink:label="element176"/>
<label xlink:type="resource" xlink:label="label176" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConcentrationRiskLineItems_en-US"> Concentration Risk [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element176" xlink:to="label176"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConcentrationRiskBenchmarkDomain" xlink:label="element177"/>
<label xlink:type="resource" xlink:label="label177" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConcentrationRiskBenchmarkDomain_en-US"> Concentration Risk Benchmark [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element177" xlink:to="label177"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConcentrationRiskByTypeAxis" xlink:label="element178"/>
<label xlink:type="resource" xlink:label="label178" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConcentrationRiskByTypeAxis_en-US"> Concentration Risk Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element178" xlink:to="label178"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConcentrationRiskTable" xlink:label="element179"/>
<label xlink:type="resource" xlink:label="label179" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConcentrationRiskTable_en-US"> Concentration Risk [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element179" xlink:to="label179"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:label="element180"/>
<label xlink:type="resource" xlink:label="label180" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConcentrationRiskByBenchmarkAxis_en-US"> Concentration Risk Benchmark [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element180" xlink:to="label180"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConcentrationRiskPercentage1" xlink:label="element181"/>
<label xlink:type="resource" xlink:label="label181" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConcentrationRiskPercentage1_en-US"> Percentage Of Minimum Revenue Threshold Contributed By One Tenant </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element181" xlink:to="label181"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsDomain" xlink:label="element182"/>
<label xlink:type="resource" xlink:label="label182" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConsolidationItemsDomain_en-US"> Consolidation Items [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element182" xlink:to="label182"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationItemsAxis" xlink:label="element183"/>
<label xlink:type="resource" xlink:label="label183" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConsolidationItemsAxis_en-US"> Consolidation Items [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element183" xlink:to="label183"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConstructionInProgressMember" xlink:label="element184"/>
<label xlink:type="resource" xlink:label="label184" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConstructionInProgressMember_en-US"> Construction in Progress [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element184" xlink:to="label184"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ContractualObligationFiscalYearMaturityScheduleAbstract" xlink:label="element185"/>
<label xlink:type="resource" xlink:label="label185" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ContractualObligationFiscalYearMaturityScheduleAbstract_en-US"> Debt Fiscal Year Maturity [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element185" xlink:to="label185"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConversionOfStockSharesIssued1" xlink:label="element186"/>
<label xlink:type="resource" xlink:label="label186" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConversionOfStockSharesIssued1_en-US"> Number of new shares issued during spin off for every 2 shares/units of Vornado and Vornado L.P. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element186" xlink:to="label186"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConversionOfStockSharesConverted1" xlink:label="element187"/>
<label xlink:type="resource" xlink:label="label187" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConversionOfStockSharesConverted1_en-US"> Number of shares/units convered during spin off for 1 share of UE </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element187" xlink:to="label187"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConvertiblePreferredStockMember" xlink:label="element188"/>
<label xlink:type="resource" xlink:label="label188" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConvertiblePreferredStockMember_en-US"> Convertible Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element188" xlink:to="label188"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConvertiblePreferredDividendsNetOfTax" xlink:label="element189"/>
<label xlink:type="resource" xlink:label="label189" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ConvertiblePreferredDividendsNetOfTax_en-US"> Convertible preferred share dividends </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element189" xlink:to="label189"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConvertiblePreferredDividendsNetOfTax" xlink:label="element190"/>
<label xlink:type="resource" xlink:label="label190" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConvertiblePreferredDividendsNetOfTax_en-US"> Convertible Preferred Dividends, Net of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element190" xlink:to="label190"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConvertiblePreferredStockTermsOfConversion" xlink:label="element191"/>
<label xlink:type="resource" xlink:label="label191" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConvertiblePreferredStockTermsOfConversion_en-US"> Convertible Preferred Stock Terms Of Conversion </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element191" xlink:to="label191"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion" xlink:label="element192"/>
<label xlink:type="resource" xlink:label="label192" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion_en-US"> Convertible Preferred Stock Shares Issued Upon Conversion </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element192" xlink:to="label192"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion" xlink:label="element193"/>
<label xlink:type="resource" xlink:label="label193" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion_en-US"> Conversion Rate of Preferred Stock to Common Stock, Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element193" xlink:to="label193"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConvertibleDebt" xlink:label="element194"/>
<label xlink:type="resource" xlink:label="label194" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConvertibleDebt_en-US"> Convertible senior debentures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element194" xlink:to="label194"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConvertibleDebt" xlink:label="element195"/>
<label xlink:type="resource" xlink:label="label195" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ConvertibleDebt_en-US"> Convertible senior debentures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element195" xlink:to="label195"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConvertibleDebt" xlink:label="element196"/>
<label xlink:type="resource" xlink:label="label196" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ConvertibleDebt_en-US"> Convertible Debt, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element196" xlink:to="label196"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CorporateJointVentureMember" xlink:label="element197"/>
<label xlink:type="resource" xlink:label="label197" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CorporateJointVentureMember_en-US"> Joint Venture [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element197" xlink:to="label197"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CumulativePreferredStockMember" xlink:label="element198"/>
<label xlink:type="resource" xlink:label="label198" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CumulativePreferredStockMember_en-US"> Cumulative Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element198" xlink:to="label198"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CustomerConcentrationRiskMember" xlink:label="element199"/>
<label xlink:type="resource" xlink:label="label199" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CustomerConcentrationRiskMember_en-US"> Customer Concentration Risk [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element199" xlink:to="label199"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtorReorganizationItemsWriteOffOfDeferredFinancingCostsAndDebtDiscounts" xlink:label="element200"/>
<label xlink:type="resource" xlink:label="label200" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtorReorganizationItemsWriteOffOfDeferredFinancingCostsAndDebtDiscounts_en-US"> Unamortized deferred financing costs, write off </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element200" xlink:to="label200"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:label="element201"/>
<label xlink:type="resource" xlink:label="label201" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_en-US"> Debt Instrument, Description of Variable Rate Basis </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element201" xlink:to="label201"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="element202"/>
<label xlink:type="resource" xlink:label="label202" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentLineItems_en-US"> Debt Instrument [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element202" xlink:to="label202"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="element203"/>
<label xlink:type="resource" xlink:label="label203" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentTable_en-US"> Debt Instrument [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element203" xlink:to="label203"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="element204"/>
<label xlink:type="resource" xlink:label="label204" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentFaceAmount_en-US"> Public Offering Of Notes Payable (in US Dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element204" xlink:to="label204"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="element205"/>
<label xlink:type="resource" xlink:label="label205" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DebtInstrumentFaceAmount_en-US"> Public Offering, Aggregate Principal Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element205" xlink:to="label205"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="element206"/>
<label xlink:type="resource" xlink:label="label206" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentFaceAmount_en-US"> Debt Instrument, Face Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element206" xlink:to="label206"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="element207"/>
<label xlink:type="resource" xlink:label="label207" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_en-US"> Spread Over LIBOR (in percentage) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element207" xlink:to="label207"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="element208"/>
<label xlink:type="resource" xlink:label="label208" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_en-US"> Debt Instrument, Basis Spread on Variable Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element208" xlink:to="label208"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="element209"/>
<label xlink:type="resource" xlink:label="label209" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtDisclosureAbstract_en-US"> Debt Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element209" xlink:to="label209"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:label="element210"/>
<label xlink:type="resource" xlink:label="label210" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_en-US"> Redemption Price, Percentage of Principal Amount Redeemed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element210" xlink:to="label210"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="element211"/>
<label xlink:type="resource" xlink:label="label211" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DebtInstrumentCarryingAmount_en-US"> Carrying amount of debt component </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element211" xlink:to="label211"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="element212"/>
<label xlink:type="resource" xlink:label="label212" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentCarryingAmount_en-US"> Long-term Debt, Gross </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element212" xlink:to="label212"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="element213"/>
<label xlink:type="resource" xlink:label="label213" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DebtInstrumentCarryingAmount_en-US"> Carrying amount of debt component </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element213" xlink:to="label213"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="element214"/>
<label xlink:type="resource" xlink:label="label214" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtDisclosureTextBlock_en-US"> Debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element214" xlink:to="label214"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1" xlink:label="element215"/>
<label xlink:type="resource" xlink:label="label215" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1_en-US"> Debt Instrument Amortization Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element215" xlink:to="label215"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="element216"/>
<label xlink:type="resource" xlink:label="label216" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentTerm_en-US"> Debt Term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element216" xlink:to="label216"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="element217"/>
<label xlink:type="resource" xlink:label="label217" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentAxis_en-US"> Debt Instrument [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element217" xlink:to="label217"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="element218"/>
<label xlink:type="resource" xlink:label="label218" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentInterestRateEffectivePercentage_en-US"> Interest Rate, Effective </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element218" xlink:to="label218"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="element219"/>
<label xlink:type="resource" xlink:label="label219" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DebtInstrumentInterestRateEffectivePercentage_en-US"> Yield from Sale of Notes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element219" xlink:to="label219"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="element220"/>
<label xlink:type="resource" xlink:label="label220" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentInterestRateEffectivePercentage_en-US"> Interest Rate, End of Period (in percentage) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element220" xlink:to="label220"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="element221"/>
<label xlink:type="resource" xlink:label="label221" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentNameDomain_en-US"> Debt Instrument, Name [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element221" xlink:to="label221"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="element222"/>
<label xlink:type="resource" xlink:label="label222" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DebtInstrumentUnamortizedDiscount_en-US"> Unamortized discount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element222" xlink:to="label222"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="element223"/>
<label xlink:type="resource" xlink:label="label223" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentUnamortizedDiscount_en-US"> Unamortized discount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element223" xlink:to="label223"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="element224"/>
<label xlink:type="resource" xlink:label="label224" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentUnamortizedDiscount_en-US"> Debt Instrument, Unamortized Discount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element224" xlink:to="label224"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtSecuritiesMember" xlink:label="element225"/>
<label xlink:type="resource" xlink:label="label225" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtSecuritiesMember_en-US"> Debt Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element225" xlink:to="label225"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="element226"/>
<label xlink:type="resource" xlink:label="label226" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentInterestRateStatedPercentage_en-US"> Interest Rate, Stated </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element226" xlink:to="label226"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="element227"/>
<label xlink:type="resource" xlink:label="label227" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DebtInstrumentInterestRateStatedPercentage_en-US"> Public Offering, Interest Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element227" xlink:to="label227"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="element228"/>
<label xlink:type="resource" xlink:label="label228" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentInterestRateStatedPercentage_en-US"> Debt Instrument, Interest Rate, Stated Percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element228" xlink:to="label228"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent" xlink:label="element229"/>
<label xlink:type="resource" xlink:label="label229" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent_en-US"> Carrying amount of equity component </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element229" xlink:to="label229"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent" xlink:label="element230"/>
<label xlink:type="resource" xlink:label="label230" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent_en-US"> Debt Instrument, Convertible, Carrying Amount of Equity Component </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element230" xlink:to="label230"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="element231"/>
<label xlink:type="resource" xlink:label="label231" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentFairValue_en-US"> Debt Instrument fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element231" xlink:to="label231"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="element232"/>
<label xlink:type="resource" xlink:label="label232" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DebtInstrumentFairValue_en-US"> Total debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element232" xlink:to="label232"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum" xlink:label="element233"/>
<label xlink:type="resource" xlink:label="label233" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum_en-US"> Interest Rate, Range, Maximum </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element233" xlink:to="label233"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum" xlink:label="element234"/>
<label xlink:type="resource" xlink:label="label234" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum_en-US"> Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element234" xlink:to="label234"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum" xlink:label="element235"/>
<label xlink:type="resource" xlink:label="label235" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum_en-US"> Interest Rate, Range, Minimum </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element235" xlink:to="label235"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum" xlink:label="element236"/>
<label xlink:type="resource" xlink:label="label236" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum_en-US"> Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element236" xlink:to="label236"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentsAbstract" xlink:label="element237"/>
<label xlink:type="resource" xlink:label="label237" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentsAbstract_en-US"> Debt Instruments [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element237" xlink:to="label237"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredChargesPolicyTextBlock" xlink:label="element238"/>
<label xlink:type="resource" xlink:label="label238" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredChargesPolicyTextBlock_en-US"> Deferred Charges [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element238" xlink:to="label238"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredCompensationPlanAssets" xlink:label="element239"/>
<label xlink:type="resource" xlink:label="label239" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DeferredCompensationPlanAssets_en-US"> Deferred compensation plan assets (included in other assets) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element239" xlink:to="label239"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredCompensationPlanAssets" xlink:label="element240"/>
<label xlink:type="resource" xlink:label="label240" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredCompensationPlanAssets_en-US"> Deferred Compensation Plan Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element240" xlink:to="label240"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilities" xlink:label="element241"/>
<label xlink:type="resource" xlink:label="label241" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredIncomeTaxLiabilities_en-US"> Deferred tax liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element241" xlink:to="label241"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilities" xlink:label="element242"/>
<label xlink:type="resource" xlink:label="label242" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredIncomeTaxLiabilities_en-US"> Deferred Income Tax Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element242" xlink:to="label242"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenue" xlink:label="element243"/>
<label xlink:type="resource" xlink:label="label243" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredRevenue_en-US"> Deferred revenue </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element243" xlink:to="label243"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenue" xlink:label="element244"/>
<label xlink:type="resource" xlink:label="label244" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredRevenue_en-US"> Deferred Revenue And Credits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element244" xlink:to="label244"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenue" xlink:label="element245"/>
<label xlink:type="resource" xlink:label="label245" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DeferredRevenue_en-US"> Deferred Revenue and Credits, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element245" xlink:to="label245"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRentReceivablesNet" xlink:label="element246"/>
<label xlink:type="resource" xlink:label="label246" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredRentReceivablesNet_en-US"> Receivable arising from the straight-lining of rents, net of allowance of $3,188 and $4,355 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element246" xlink:to="label246"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="element247"/>
<label xlink:type="resource" xlink:label="label247" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsValuationAllowance_en-US"> Deferred Tax Assets, Valuation Allowance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element247" xlink:to="label247"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent" xlink:label="element248"/>
<label xlink:type="resource" xlink:label="label248" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_en-US"> Deferred compensation plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element248" xlink:to="label248"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent" xlink:label="element249"/>
<label xlink:type="resource" xlink:label="label249" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent_en-US"> Deferred Compensation Liability, Current and Noncurrent, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element249" xlink:to="label249"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DepositAssets" xlink:label="element250"/>
<label xlink:type="resource" xlink:label="label250" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DepositAssets_en-US"> Non Refundable Deposit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element250" xlink:to="label250"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="element251"/>
<label xlink:type="resource" xlink:label="label251" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DepreciationAndAmortization_en-US"> Depreciation and amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element251" xlink:to="label251"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="element252"/>
<label xlink:type="resource" xlink:label="label252" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DepreciationAndAmortization_en-US"> Depreciation, Depletion and Amortization, Nonproduction, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element252" xlink:to="label252"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="element253"/>
<label xlink:type="resource" xlink:label="label253" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DepreciationDepletionAndAmortization_en-US"> Depreciation and amortization (including amortization of deferred financing costs) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element253" xlink:to="label253"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="element254"/>
<label xlink:type="resource" xlink:label="label254" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DepreciationDepletionAndAmortization_en-US"> Depreciation, Depletion and Amortization, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element254" xlink:to="label254"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="element255"/>
<label xlink:type="resource" xlink:label="label255" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeLineItems_en-US"> Derivative [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element255" xlink:to="label255"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="element256"/>
<label xlink:type="resource" xlink:label="label256" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeInstrumentRiskAxis_en-US"> Derivative Instrument [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element256" xlink:to="label256"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeTable" xlink:label="element257"/>
<label xlink:type="resource" xlink:label="label257" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeTable_en-US"> Derivative [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element257" xlink:to="label257"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="element258"/>
<label xlink:type="resource" xlink:label="label258" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeAssets_en-US"> Derivative Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element258" xlink:to="label258"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="element259"/>
<label xlink:type="resource" xlink:label="label259" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeByNatureAxis_en-US"> Derivative By Nature [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element259" xlink:to="label259"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeNameDomain" xlink:label="element260"/>
<label xlink:type="resource" xlink:label="label260" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeNameDomain_en-US"> Derivative Contract Name [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element260" xlink:to="label260"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="element261"/>
<label xlink:type="resource" xlink:label="label261" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeContractTypeDomain_en-US"> Derivative Contract Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element261" xlink:to="label261"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="element262"/>
<label xlink:type="resource" xlink:label="label262" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativesPolicyTextBlock_en-US"> Derivatives, Policy [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element262" xlink:to="label262"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DevelopmentInProcess" xlink:label="element263"/>
<label xlink:type="resource" xlink:label="label263" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DevelopmentInProcess_en-US"> Development costs and construction in progress </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element263" xlink:to="label263"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="element264"/>
<label xlink:type="resource" xlink:label="label264" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_en-US"> Stock-based Compensation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element264" xlink:to="label264"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="element265"/>
<label xlink:type="resource" xlink:label="label265" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_en-US"> Disclosure of Compensation Related Costs, Share-based Payments [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element265" xlink:to="label265"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract" xlink:label="element266"/>
<label xlink:type="resource" xlink:label="label266" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDisclosuresAbstract_en-US"> Discontinued Operation, Income (Loss) from Discontinued Operations Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element266" xlink:to="label266"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:label="element267"/>
<label xlink:type="resource" xlink:label="label267" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_en-US"> Gain (Loss) from Disposal of Discontinued Operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element267" xlink:to="label267"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="element268"/>
<label xlink:type="resource" xlink:label="label268" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_en-US"> Discontinued Operations and Disposal Groups [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element268" xlink:to="label268"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain" xlink:label="element269"/>
<label xlink:type="resource" xlink:label="label269" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsNameDomain_en-US"> Disposal Groups Including Discontinued Operations Name [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element269" xlink:to="label269"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:label="element270"/>
<label xlink:type="resource" xlink:label="label270" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_en-US"> Total revenues </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element270" xlink:to="label270"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:label="element271"/>
<label xlink:type="resource" xlink:label="label271" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_en-US"> Disposal Group, Including Discontinued Operation, Revenue </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element271" xlink:to="label271"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationUnclassifiedBalanceSheetDisclosuresAbstract" xlink:label="element272"/>
<label xlink:type="resource" xlink:label="label272" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DisposalGroupIncludingDiscontinuedOperationUnclassifiedBalanceSheetDisclosuresAbstract_en-US"> Disposal Group Including Discontinued Operation Unclassified Balance Sheet Disclosures Abstract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element272" xlink:to="label272"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationAdditionalDisclosuresAbstract" xlink:label="element273"/>
<label xlink:type="resource" xlink:label="label273" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DisposalGroupIncludingDiscontinuedOperationAdditionalDisclosuresAbstract_en-US"> Disposal Group Including Discontinued Operation Additional Disclosures [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element273" xlink:to="label273"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock" xlink:label="element274"/>
<label xlink:type="resource" xlink:label="label274" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_en-US"> Discontinued Operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element274" xlink:to="label274"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DistributionMadeToLimitedLiabilityCompanyLLCMemberDateOfRecord" xlink:label="element275"/>
<label xlink:type="resource" xlink:label="label275" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DistributionMadeToLimitedLiabilityCompanyLLCMemberDateOfRecord_en-US"> Shares Distribution Date Of Record </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element275" xlink:to="label275"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsCommonStock" xlink:label="element276"/>
<label xlink:type="resource" xlink:label="label276" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DividendsCommonStock_en-US"> Dividends Common Stock </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element276" xlink:to="label276"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsCommonStock" xlink:label="element277"/>
<label xlink:type="resource" xlink:label="label277" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DividendsCommonStock_en-US"> Dividends on common shares, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element277" xlink:to="label277"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsCommonStock" xlink:label="element278"/>
<label xlink:type="resource" xlink:label="label278" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DividendsCommonStock_en-US"> Dividends paid on common shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element278" xlink:to="label278"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsCommonStock" xlink:label="element279"/>
<label xlink:type="resource" xlink:label="label279" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DividendsCommonStock_en-US"> Dividends paid on common shares, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element279" xlink:to="label279"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsCommonStock" xlink:label="element280"/>
<label xlink:type="resource" xlink:label="label280" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DividendsCommonStock_en-US"> Dividends, Common Stock, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element280" xlink:to="label280"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsShareBasedCompensation" xlink:label="element281"/>
<label xlink:type="resource" xlink:label="label281" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DividendsShareBasedCompensation_en-US"> Dividends Share Based Compensation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element281" xlink:to="label281"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsShareBasedCompensation" xlink:label="element282"/>
<label xlink:type="resource" xlink:label="label282" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DividendsShareBasedCompensation_en-US"> Dividends Paid On Nonvested Units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element282" xlink:to="label282"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="element283"/>
<label xlink:type="resource" xlink:label="label283" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DividendsPreferredStock_en-US"> Dividends paid on preferred shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element283" xlink:to="label283"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="element284"/>
<label xlink:type="resource" xlink:label="label284" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DividendsPreferredStock_en-US"> Dividends on preferred shares, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element284" xlink:to="label284"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="element285"/>
<label xlink:type="resource" xlink:label="label285" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DividendsPreferredStock_en-US"> Dividends paid on preferred shares, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element285" xlink:to="label285"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="element286"/>
<label xlink:type="resource" xlink:label="label286" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DividendsPreferredStock_en-US"> Preferred share dividends </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="element287"/>
<label xlink:type="resource" xlink:label="label287" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DividendsPreferredStock_en-US"> Dividends, Preferred Stock, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element287" xlink:to="label287"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DueFromRelatedParties" xlink:label="element288"/>
<label xlink:type="resource" xlink:label="label288" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DueFromRelatedParties_en-US"> Due from officers </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element288" xlink:to="label288"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DueFromRelatedParties" xlink:label="element289"/>
<label xlink:type="resource" xlink:label="label289" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DueFromRelatedParties_en-US"> Due from officers </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element289" xlink:to="label289"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="element290"/>
<label xlink:type="resource" xlink:label="label290" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareTextBlock_en-US"> Income Per Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element290" xlink:to="label290"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="element291"/>
<label xlink:type="resource" xlink:label="label291" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareBasic_en-US"> Net income per common share (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element291" xlink:to="label291"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="element292"/>
<label xlink:type="resource" xlink:label="label292" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_EarningsPerShareBasic_en-US"> Net income per common share (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element292" xlink:to="label292"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="element293"/>
<label xlink:type="resource" xlink:label="label293" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EarningsPerShareBasic_en-US"> Net income (loss) per common share - Basic </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element293" xlink:to="label293"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerSharePolicyTextBlock" xlink:label="element294"/>
<label xlink:type="resource" xlink:label="label294" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerSharePolicyTextBlock_en-US"> Income Per Share [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element294" xlink:to="label294"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="element295"/>
<label xlink:type="resource" xlink:label="label295" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareDiluted_en-US"> Earnings Per Share Diluted </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element295" xlink:to="label295"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="element296"/>
<label xlink:type="resource" xlink:label="label296" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EarningsPerShareDiluted_en-US"> Net income per common share (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element296" xlink:to="label296"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="element297"/>
<label xlink:type="resource" xlink:label="label297" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_EarningsPerShareDiluted_en-US"> Net income per common share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element297" xlink:to="label297"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="element298"/>
<label xlink:type="resource" xlink:label="label298" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EarningsPerShareDiluted_en-US"> Net income (loss) per common share - Diluted </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element298" xlink:to="label298"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="element299"/>
<label xlink:type="resource" xlink:label="label299" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareAbstract_en-US"> Income Per Share [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element299" xlink:to="label299"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeStockOptionMember" xlink:label="element300"/>
<label xlink:type="resource" xlink:label="label300" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EmployeeStockOptionMember_en-US"> Employee Stock Option [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element300" xlink:to="label300"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:label="element301"/>
<label xlink:type="resource" xlink:label="label301" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_en-US"> Compensation Cost Not Yet Recognized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element301" xlink:to="label301"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized" xlink:label="element302"/>
<label xlink:type="resource" xlink:label="label302" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_en-US"> Compensation Cost Not Yet Recognized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element302" xlink:to="label302"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="element303"/>
<label xlink:type="resource" xlink:label="label303" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_en-US"> Compensation Cost Recognition Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element303" xlink:to="label303"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="element304"/>
<label xlink:type="resource" xlink:label="label304" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1_en-US"> Compensation Cost Recognition Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element304" xlink:to="label304"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeSeveranceMember" xlink:label="element305"/>
<label xlink:type="resource" xlink:label="label305" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EmployeeSeveranceMember_en-US"> Severance Costs [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element305" xlink:to="label305"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions" xlink:label="element306"/>
<label xlink:type="resource" xlink:label="label306" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions_en-US"> Cash Received From Exercise Of Stock Options </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element306" xlink:to="label306"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:label="element307"/>
<label xlink:type="resource" xlink:label="label307" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_en-US"> Excess of investee's carrying amount over equity in net assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element307" xlink:to="label307"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:label="element308"/>
<label xlink:type="resource" xlink:label="label308" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_en-US"> Equity Method Investment, Difference Between Carrying Amount and Underlying Equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element308" xlink:to="label308"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity" xlink:label="element309"/>
<label xlink:type="resource" xlink:label="label309" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity_en-US"> Equity Method Investment, Difference Between Carrying Amount and Underlying Equity, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element309" xlink:to="label309"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityAbstract" xlink:label="element310"/>
<label xlink:type="resource" xlink:label="label310" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityAbstract_en-US"> Shareholders' Equity [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element310" xlink:to="label310"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityAbstract" xlink:label="element311"/>
<label xlink:type="resource" xlink:label="label311" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityAbstract_en-US"> Shareholders' Equity [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element311" xlink:to="label311"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentsMember" xlink:label="element312"/>
<label xlink:type="resource" xlink:label="label312" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentsMember_en-US"> Equity Method Investments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element312" xlink:to="label312"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital" xlink:label="element313"/>
<label xlink:type="resource" xlink:label="label313" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital_en-US"> Equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element313" xlink:to="label313"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital" xlink:label="element314"/>
<label xlink:type="resource" xlink:label="label314" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationEquityOrCapital_en-US"> Equity Method Investment, Summarized Financial Information, Equity or Capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element314" xlink:to="label314"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" xlink:label="element315"/>
<label xlink:type="resource" xlink:label="label315" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue_en-US"> Total revenue </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element315" xlink:to="label315"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue" xlink:label="element316"/>
<label xlink:type="resource" xlink:label="label316" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationRevenue_en-US"> Equity Method Investment Summarized Financial Information Revenue </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element316" xlink:to="label316"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest" xlink:label="element317"/>
<label xlink:type="resource" xlink:label="label317" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest_en-US"> Noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element317" xlink:to="label317"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest" xlink:label="element318"/>
<label xlink:type="resource" xlink:label="label318" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationMinorityInterest_en-US"> Equity Method Investment, Summarized Financial Information, Noncontrolling Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element318" xlink:to="label318"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentsTextBlock" xlink:label="element319"/>
<label xlink:type="resource" xlink:label="label319" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityMethodInvestmentsTextBlock_en-US"> Equity Method Investments [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element319" xlink:to="label319"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentsTextBlock" xlink:label="element320"/>
<label xlink:type="resource" xlink:label="label320" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EquityMethodInvestmentsTextBlock_en-US"> Latest available financial information on investee, table </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element320" xlink:to="label320"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentsTextBlock" xlink:label="element321"/>
<label xlink:type="resource" xlink:label="label321" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentsTextBlock_en-US"> Equity Method Investments [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element321" xlink:to="label321"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets" xlink:label="element322"/>
<label xlink:type="resource" xlink:label="label322" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets_en-US"> Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element322" xlink:to="label322"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets" xlink:label="element323"/>
<label xlink:type="resource" xlink:label="label323" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets_en-US"> Equity Method Investment, Summarized Financial Information, Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element323" xlink:to="label323"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets" xlink:label="element324"/>
<label xlink:type="resource" xlink:label="label324" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationAssets_en-US"> Equity Method Investment, Summarized Financial Information, Assets, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element324" xlink:to="label324"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="element325"/>
<label xlink:type="resource" xlink:label="label325" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentOwnershipPercentage_en-US"> Equity method ownership percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element325" xlink:to="label325"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="element326"/>
<label xlink:type="resource" xlink:label="label326" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityMethodInvestmentOwnershipPercentage_en-US"> Ownership percentage of Toys </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element326" xlink:to="label326"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="element327"/>
<label xlink:type="resource" xlink:label="label327" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EquityMethodInvestmentOwnershipPercentage_en-US"> Equity method ownership percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element327" xlink:to="label327"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets" xlink:label="element328"/>
<label xlink:type="resource" xlink:label="label328" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentUnderlyingEquityInNetAssets_en-US"> Equity Method Investment, Underlying Equity value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element328" xlink:to="label328"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment" xlink:label="element329"/>
<label xlink:type="resource" xlink:label="label329" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment_en-US"> Equity Method Investment Other Than Temporary Impairment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element329" xlink:to="label329"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment" xlink:label="element330"/>
<label xlink:type="resource" xlink:label="label330" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment_en-US"> Other than Temporary Impairment Losses Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element330" xlink:to="label330"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment" xlink:label="element331"/>
<label xlink:type="resource" xlink:label="label331" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EquityMethodInvestmentOtherThanTemporaryImpairment_en-US"> Impairment loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element331" xlink:to="label331"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss" xlink:label="element332"/>
<label xlink:type="resource" xlink:label="label332" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss_en-US"> Net (loss) income attributable to investee </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element332" xlink:to="label332"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss" xlink:label="element333"/>
<label xlink:type="resource" xlink:label="label333" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss_en-US"> Equity Method Investment, Summarized Financial Information, Net Income (Loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element333" xlink:to="label333"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvesteeNameDomain" xlink:label="element334"/>
<label xlink:type="resource" xlink:label="label334" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvesteeNameDomain_en-US"> Equity Method Investee Name [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element334" xlink:to="label334"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentQuotedMarketValue" xlink:label="element335"/>
<label xlink:type="resource" xlink:label="label335" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityMethodInvestmentQuotedMarketValue_en-US"> Equity Method Investment Market Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element335" xlink:to="label335"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentQuotedMarketValue" xlink:label="element336"/>
<label xlink:type="resource" xlink:label="label336" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentQuotedMarketValue_en-US"> Equity Method Investment, Quoted Market Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element336" xlink:to="label336"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="element337"/>
<label xlink:type="resource" xlink:label="label337" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityComponentDomain_en-US"> Equity Component [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element337" xlink:to="label337"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities" xlink:label="element338"/>
<label xlink:type="resource" xlink:label="label338" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities_en-US"> Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element338" xlink:to="label338"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities" xlink:label="element339"/>
<label xlink:type="resource" xlink:label="label339" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities_en-US"> Equity Method Investment, Summarized Financial Information, Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element339" xlink:to="label339"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities" xlink:label="element340"/>
<label xlink:type="resource" xlink:label="label340" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_EquityMethodInvestmentSummarizedFinancialInformationLiabilities_en-US"> Equity Method Investment, Summarized Financial Information, Liabilities, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element340" xlink:to="label340"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:label="element341"/>
<label xlink:type="resource" xlink:label="label341" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentDividendsOrDistributions_en-US"> Distributions of income from partially owned entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element341" xlink:to="label341"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:label="element342"/>
<label xlink:type="resource" xlink:label="label342" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_EquityMethodInvestmentDividendsOrDistributions_en-US"> Distributions of income from partially owned entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element342" xlink:to="label342"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="element343"/>
<label xlink:type="resource" xlink:label="label343" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_en-US"> Equity Method Investments and Joint Ventures [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element343" xlink:to="label343"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentsPolicy" xlink:label="element344"/>
<label xlink:type="resource" xlink:label="label344" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentsPolicy_en-US"> Partially Owned Entities [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element344" xlink:to="label344"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="element345"/>
<label xlink:type="resource" xlink:label="label345" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquitySecuritiesMember_en-US"> Equity Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element345" xlink:to="label345"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentsFairValueDisclosure" xlink:label="element346"/>
<label xlink:type="resource" xlink:label="label346" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentsFairValueDisclosure_en-US"> Fair value of invesements in Toys R Us </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element346" xlink:to="label346"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:label="element347"/>
<label xlink:type="resource" xlink:label="label347" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_en-US"> Investments in Partially Owned Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element347" xlink:to="label347"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityContractMember" xlink:label="element348"/>
<label xlink:type="resource" xlink:label="label348" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityContractMember_en-US"> Equity Contract [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element348" xlink:to="label348"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="element349"/>
<label xlink:type="resource" xlink:label="label349" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EstimateOfFairValueFairValueDisclosureMember_en-US"> Estimate of Fair Value, Fair Value Disclosure [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element349" xlink:to="label349"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ExtinguishmentOfDebtAmount" xlink:label="element350"/>
<label xlink:type="resource" xlink:label="label350" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ExtinguishmentOfDebtAmount_en-US"> Extinguishment of a liability in connection with the acquisition of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element350" xlink:to="label350"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssumptionsExpectedVolatilityRate" xlink:label="element351"/>
<label xlink:type="resource" xlink:label="label351" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssumptionsExpectedVolatilityRate_en-US"> Fair Value Assumptions, Expected Volatility Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element351" xlink:to="label351"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsDiscountRate" xlink:label="element352"/>
<label xlink:type="resource" xlink:label="label352" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsDiscountRate_en-US"> Fair Value Inputs, Discount Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element352" xlink:to="label352"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsDiscountRate" xlink:label="element353"/>
<label xlink:type="resource" xlink:label="label353" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueInputsDiscountRate_en-US"> Discount rates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element353" xlink:to="label353"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="element354"/>
<label xlink:type="resource" xlink:label="label354" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementsRecurringMember_en-US"> Fair Value, Measurements, Recurring [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element354" xlink:to="label354"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsEarningsBeforeInterestTaxesDepreciationAndAmortizationMultiple" xlink:label="element355"/>
<label xlink:type="resource" xlink:label="label355" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsEarningsBeforeInterestTaxesDepreciationAndAmortizationMultiple_en-US"> Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element355" xlink:to="label355"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementPolicyPolicyTextBlock" xlink:label="element356"/>
<label xlink:type="resource" xlink:label="label356" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_en-US"> Fair Value Measurement Policy [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element356" xlink:to="label356"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:label="element357"/>
<label xlink:type="resource" xlink:label="label357" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_en-US"> Fair Value Asset Measured On Recurring Basis Asset Sales </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element357" xlink:to="label357"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:label="element358"/>
<label xlink:type="resource" xlink:label="label358" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_en-US"> Sales/Dispositions/Distributions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element358" xlink:to="label358"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="element359"/>
<label xlink:type="resource" xlink:label="label359" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByMeasurementFrequencyAxis_en-US"> Fair Value by Measurement Frequency [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element359" xlink:to="label359"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsCapRate" xlink:label="element360"/>
<label xlink:type="resource" xlink:label="label360" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsCapRate_en-US"> Fair Value Inputs, Cap Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element360" xlink:to="label360"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsCapRate" xlink:label="element361"/>
<label xlink:type="resource" xlink:label="label361" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueInputsCapRate_en-US"> Terminal capitalization rates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element361" xlink:to="label361"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="element362"/>
<label xlink:type="resource" xlink:label="label362" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByFairValueHierarchyLevelAxis_en-US"> Fair Value, Hierarchy [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element362" xlink:to="label362"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="element363"/>
<label xlink:type="resource" xlink:label="label363" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_en-US"> Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element363" xlink:to="label363"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:label="element364"/>
<label xlink:type="resource" xlink:label="label364" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element364" xlink:to="label364"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:label="element365"/>
<label xlink:type="resource" xlink:label="label365" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_en-US"> Purchases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element365" xlink:to="label365"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsNonrecurringMember" xlink:label="element366"/>
<label xlink:type="resource" xlink:label="label366" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementsNonrecurringMember_en-US"> Fair Value, Measurements, Nonrecurring [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element366" xlink:to="label366"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="element367"/>
<label xlink:type="resource" xlink:label="label367" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementFrequencyDomain_en-US"> Fair Value, Measurement Frequency [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element367" xlink:to="label367"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock" xlink:label="element368"/>
<label xlink:type="resource" xlink:label="label368" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock_en-US"> Fair Value Inputs, Assets, Quantitative Information [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element368" xlink:to="label368"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="element369"/>
<label xlink:type="resource" xlink:label="label369" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_en-US"> Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element369" xlink:to="label369"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsAbstract" xlink:label="element370"/>
<label xlink:type="resource" xlink:label="label370" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsAbstract_en-US"> Fair Value Inputs [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element370" xlink:to="label370"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="element371"/>
<label xlink:type="resource" xlink:label="label371" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueDisclosuresAbstract_en-US"> Fair Value Disclosures [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element371" xlink:to="label371"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="element372"/>
<label xlink:type="resource" xlink:label="label372" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_en-US"> Fair Value, Measurements, Fair Value Hierarchy [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element372" xlink:to="label372"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="element373"/>
<label xlink:type="resource" xlink:label="label373" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByMeasurementBasisAxis_en-US"> Fair Value, by Balance Sheet Grouping, Disclosure Item Amounts [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element373" xlink:to="label373"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock" xlink:label="element374"/>
<label xlink:type="resource" xlink:label="label374" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock_en-US"> Non-financial Assets Measured at Fair Value on a Nonrecurring Basis [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element374" xlink:to="label374"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="element375"/>
<label xlink:type="resource" xlink:label="label375" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueDisclosuresTextBlock_en-US"> Fair Value Measurements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element375" xlink:to="label375"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationAbstract" xlink:label="element376"/>
<label xlink:type="resource" xlink:label="label376" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationAbstract_en-US"> Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element376" xlink:to="label376"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="element377"/>
<label xlink:type="resource" xlink:label="label377" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_en-US"> Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element377" xlink:to="label377"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="element378"/>
<label xlink:type="resource" xlink:label="label378" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_en-US"> Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element378" xlink:to="label378"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="element379"/>
<label xlink:type="resource" xlink:label="label379" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByBalanceSheetGroupingTable_en-US"> Fair Value, by Balance Sheet Grouping [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element379" xlink:to="label379"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="element380"/>
<label xlink:type="resource" xlink:label="label380" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_en-US"> Summary of Changes in Level 3 Plan Assets [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element380" xlink:to="label380"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="element381"/>
<label xlink:type="resource" xlink:label="label381" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_en-US"> Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element381" xlink:to="label381"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="element382"/>
<label xlink:type="resource" xlink:label="label382" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_en-US"> Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element382" xlink:to="label382"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:label="element383"/>
<label xlink:type="resource" xlink:label="label383" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByBalanceSheetGroupingTextBlock_en-US"> Fair Value, by Balance Sheet Grouping [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element383" xlink:to="label383"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:label="element384"/>
<label xlink:type="resource" xlink:label="label384" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueByBalanceSheetGroupingTextBlock_en-US"> Schedule Of Carrying Amounts And Fair Values Of Financial Instruments [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element384" xlink:to="label384"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="element385"/>
<label xlink:type="resource" xlink:label="label385" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueDisclosureItemAmountsDomain_en-US"> Fair Value Disclosure Item Amounts [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element385" xlink:to="label385"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="element386"/>
<label xlink:type="resource" xlink:label="label386" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsLevel2Member_en-US"> Fair Value Inputs Level 2 Member </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element386" xlink:to="label386"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="element387"/>
<label xlink:type="resource" xlink:label="label387" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsLevel1Member_en-US"> Fair Value, Inputs, Level 1 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element387" xlink:to="label387"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="element388"/>
<label xlink:type="resource" xlink:label="label388" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsLevel3Member_en-US"> Fair Value, Inputs, Level 3 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element388" xlink:to="label388"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements" xlink:label="element389"/>
<label xlink:type="resource" xlink:label="label389" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_en-US"> Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element389" xlink:to="label389"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements" xlink:label="element390"/>
<label xlink:type="resource" xlink:label="label390" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_en-US"> Assets Purchases, Sales,Other Settlements and issuances, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element390" xlink:to="label390"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="element391"/>
<label xlink:type="resource" xlink:label="label391" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_en-US"> Closing Balance - changes in Level 3 " deferred compensation plan assets" </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element391" xlink:to="label391"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="element392"/>
<label xlink:type="resource" xlink:label="label392" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_en-US"> Opening Balance - changes in Level 3 " deferred compensation plan assets" </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element392" xlink:to="label392"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="element393"/>
<label xlink:type="resource" xlink:label="label393" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_en-US"> Balance - changes in Level 3 " deferred compensation plan assets" </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element393" xlink:to="label393"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="element394"/>
<label xlink:type="resource" xlink:label="label394" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element394" xlink:to="label394"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements" xlink:label="element395"/>
<label xlink:type="resource" xlink:label="label395" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements_en-US"> Purchases, sales, other settlements and issuances, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element395" xlink:to="label395"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements" xlink:label="element396"/>
<label xlink:type="resource" xlink:label="label396" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements_en-US"> Purchases, sales, other settlements and issuances, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element396" xlink:to="label396"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements" xlink:label="element397"/>
<label xlink:type="resource" xlink:label="label397" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements_en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases, Sales, Issuances, Settlements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element397" xlink:to="label397"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLosses" xlink:label="element398"/>
<label xlink:type="resource" xlink:label="label398" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FinancingReceivableAllowanceForCreditLosses_en-US"> Valuation allowance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element398" xlink:to="label398"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLosses" xlink:label="element399"/>
<label xlink:type="resource" xlink:label="label399" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_FinancingReceivableAllowanceForCreditLosses_en-US"> Valuation allowance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element399" xlink:to="label399"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLosses" xlink:label="element400"/>
<label xlink:type="resource" xlink:label="label400" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancingReceivableAllowanceForCreditLosses_en-US"> Mortgage and mezzanine loans receivable, allowance (in US dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element400" xlink:to="label400"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:label="element401"/>
<label xlink:type="resource" xlink:label="label401" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_en-US"> Future Amortization Expense, Year Four </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element401" xlink:to="label401"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:label="element402"/>
<label xlink:type="resource" xlink:label="label402" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_en-US"> 2018 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element402" xlink:to="label402"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="element403"/>
<label xlink:type="resource" xlink:label="label403" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FiniteLivedIntangibleAssetsGross_en-US"> Identified intangible assets (included in other assets): Gross </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element403" xlink:to="label403"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="element404"/>
<label xlink:type="resource" xlink:label="label404" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsGross_en-US"> Gross amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element404" xlink:to="label404"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="element405"/>
<label xlink:type="resource" xlink:label="label405" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsGross_en-US"> Finite-Lived Intangible Assets, Gross </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element405" xlink:to="label405"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="element406"/>
<label xlink:type="resource" xlink:label="label406" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_FiniteLivedIntangibleAssetsGross_en-US"> Finite-Lived Intangible Assets, Gross, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element406" xlink:to="label406"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:label="element407"/>
<label xlink:type="resource" xlink:label="label407" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_en-US"> Accumulated amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element407" xlink:to="label407"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:label="element408"/>
<label xlink:type="resource" xlink:label="label408" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_en-US"> Identified intangible assets, accumulated amortization (in US dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element408" xlink:to="label408"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:label="element409"/>
<label xlink:type="resource" xlink:label="label409" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_en-US"> ccumulated amortization of identified intangible assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element409" xlink:to="label409"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:label="element410"/>
<label xlink:type="resource" xlink:label="label410" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_en-US"> Finite-Lived Intangible Assets, Accumulated Amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element410" xlink:to="label410"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="element411"/>
<label xlink:type="resource" xlink:label="label411" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FiniteLivedIntangibleAssetsNet_en-US"> Identified intangible assets, Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element411" xlink:to="label411"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="element412"/>
<label xlink:type="resource" xlink:label="label412" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsNet_en-US"> Identified Intangible Assets, Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element412" xlink:to="label412"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="element413"/>
<label xlink:type="resource" xlink:label="label413" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsNet_en-US"> Finite-Lived Intangible Assets, Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element413" xlink:to="label413"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="element414"/>
<label xlink:type="resource" xlink:label="label414" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_FiniteLivedIntangibleAssetsNet_en-US"> Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element414" xlink:to="label414"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="element415"/>
<label xlink:type="resource" xlink:label="label415" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_FiniteLivedIntangibleAssetsNet_en-US"> Identified intangible assets, net of accumulated amortization of $199,821 and $252,121 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element415" xlink:to="label415"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="element416"/>
<label xlink:type="resource" xlink:label="label416" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_en-US"> Finite-Lived Intangible Assets, Major Class Name [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element416" xlink:to="label416"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="element417"/>
<label xlink:type="resource" xlink:label="label417" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_en-US"> Finite-Lived Intangible Assets by Major Class [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element417" xlink:to="label417"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:label="element418"/>
<label xlink:type="resource" xlink:label="label418" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_en-US"> Future Amortization Expense, Year One </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element418" xlink:to="label418"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:label="element419"/>
<label xlink:type="resource" xlink:label="label419" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_en-US"> 2015 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element419" xlink:to="label419"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:label="element420"/>
<label xlink:type="resource" xlink:label="label420" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_en-US"> Future Amortization Expense, Year Five </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element420" xlink:to="label420"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:label="element421"/>
<label xlink:type="resource" xlink:label="label421" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_en-US"> 2019 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element421" xlink:to="label421"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:label="element422"/>
<label xlink:type="resource" xlink:label="label422" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_en-US"> Future Amortization Expense, Year Two </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element422" xlink:to="label422"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:label="element423"/>
<label xlink:type="resource" xlink:label="label423" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_en-US"> 2016 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element423" xlink:to="label423"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:label="element424"/>
<label xlink:type="resource" xlink:label="label424" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_en-US"> Future Amortization Expense, Year Three </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element424" xlink:to="label424"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:label="element425"/>
<label xlink:type="resource" xlink:label="label425" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_en-US"> 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element425" xlink:to="label425"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FirstMortgageMember" xlink:label="element426"/>
<label xlink:type="resource" xlink:label="label426" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FirstMortgageMember_en-US"> Mortgages Payable [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element426" xlink:to="label426"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FixturesAndEquipmentGross" xlink:label="element427"/>
<label xlink:type="resource" xlink:label="label427" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FixturesAndEquipmentGross_en-US"> Leasehold improvements and equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element427" xlink:to="label427"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FixturesAndEquipmentGross" xlink:label="element428"/>
<label xlink:type="resource" xlink:label="label428" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_FixturesAndEquipmentGross_en-US"> Leasehold improvements and equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element428" xlink:to="label428"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ForwardContractsMember" xlink:label="element429"/>
<label xlink:type="resource" xlink:label="label429" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ForwardContractsMember_en-US"> Forward Contracts [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element429" xlink:to="label429"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnInvestmentsByCategoryAxis" xlink:label="element430"/>
<label xlink:type="resource" xlink:label="label430" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnInvestmentsByCategoryAxis_en-US"> Gain Loss On Investments By Category [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element430" xlink:to="label430"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations" xlink:label="element431"/>
<label xlink:type="resource" xlink:label="label431" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations_en-US"> Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element431" xlink:to="label431"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations" xlink:label="element432"/>
<label xlink:type="resource" xlink:label="label432" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations_en-US"> Net gains on sale of real estate </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDispositionOfRealEstateDiscontinuedOperations" xlink:label="element433"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDispositionOfIntangibleAssets" xlink:label="element434"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDispositionOfIntangibleAssets" xlink:label="element435"/>
<label xlink:type="resource" xlink:label="label435" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_GainLossOnDispositionOfIntangibleAssets_en-US"> Gain on sale of Canadian Trade Shows </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element435" xlink:to="label435"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDispositionOfIntangibleAssets" xlink:label="element436"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="element437"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element437" xlink:to="label437"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="element438"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element438" xlink:to="label438"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnContractTermination" xlink:label="element439"/>
<label xlink:type="resource" xlink:label="label439" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnContractTermination_en-US"> Gain Loss On Contract Termination </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element439" xlink:to="label439"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:label="element440"/>
<label xlink:type="resource" xlink:label="label440" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnSaleOfProperties_en-US"> Gain Loss On Sale Of Property </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element440" xlink:to="label440"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:label="element441"/>
<label xlink:type="resource" xlink:label="label441" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_GainLossOnSaleOfProperties_en-US"> Net gains on sale of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element441" xlink:to="label441"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfOtherAssets" xlink:label="element442"/>
<label xlink:type="resource" xlink:label="label442" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnSaleOfOtherAssets_en-US"> Net gain on disposition of wholly owned and partially owned assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element442" xlink:to="label442"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfOtherAssets" xlink:label="element443"/>
<label xlink:type="resource" xlink:label="label443" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_GainLossOnSaleOfOtherAssets_en-US"> Net gain on disposition of wholly owned and partially owned assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element443" xlink:to="label443"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfOtherAssets" xlink:label="element444"/>
<label xlink:type="resource" xlink:label="label444" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_us-gaap_GainLossOnSaleOfOtherAssets_en-US"> Net gain on dispositions of wholly owned and partially owned assets other than depreciable real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element444" xlink:to="label444"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfOtherAssets" xlink:label="element445"/>
<label xlink:type="resource" xlink:label="label445" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_GainLossOnSaleOfOtherAssets_en-US"> Net gain on disposition of wholly owned and partially owned assets other than depreciable real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element445" xlink:to="label445"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfOtherAssets" xlink:label="element446"/>
<label xlink:type="resource" xlink:label="label446" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_GainLossOnSaleOfOtherAssets_en-US"> Net gain on disposition of wholly owned and partially owned assets other than depreciable real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element446" xlink:to="label446"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossRelatedToLitigationSettlement" xlink:label="element447"/>
<label xlink:type="resource" xlink:label="label447" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossRelatedToLitigationSettlement_en-US"> Gain related to litigation settlement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element447" xlink:to="label447"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossRelatedToLitigationSettlement" xlink:label="element448"/>
<label xlink:type="resource" xlink:label="label448" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_GainLossRelatedToLitigationSettlement_en-US"> Income pursuant to a settlement with Stop & Shop </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element448" xlink:to="label448"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossRelatedToLitigationSettlementAbstract" xlink:label="element449"/>
<label xlink:type="resource" xlink:label="label449" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossRelatedToLitigationSettlementAbstract_en-US"> Gain Loss Related To Litigation Settlement [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element449" xlink:to="label449"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostCategoriesOfInvestmentsDomain" xlink:label="element450"/>
<label xlink:type="resource" xlink:label="label450" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnInvestmentsIncludingMarketableSecuritiesAndInvestmentsHeldAtCostCategoriesOfInvestmentsDomain_en-US"> Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Categories Of Investments [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element450" xlink:to="label450"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfNotesReceivable" xlink:label="element451"/>
<label xlink:type="resource" xlink:label="label451" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnSaleOfNotesReceivable_en-US"> Mezzanine loans loss reversal and net gain on disposition </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element451" xlink:to="label451"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments" xlink:label="element452"/>
<label xlink:type="resource" xlink:label="label452" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnSaleOfInvestments_en-US"> Net realized gain on sale of investment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element452" xlink:to="label452"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments" xlink:label="element453"/>
<label xlink:type="resource" xlink:label="label453" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_GainLossOnSaleOfInvestments_en-US"> Net realized gains on exited investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element453" xlink:to="label453"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="element454"/>
<label xlink:type="resource" xlink:label="label454" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainsLossesOnExtinguishmentOfDebt_en-US"> Net gain on extinguishment of debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element454" xlink:to="label454"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="element455"/>
<label xlink:type="resource" xlink:label="label455" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_GainsLossesOnExtinguishmentOfDebt_en-US"> Net gain on extinguishment of debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element455" xlink:to="label455"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="element456"/>
<label xlink:type="resource" xlink:label="label456" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_GainsLossesOnExtinguishmentOfDebt_en-US"> Net gain on extinguishment of debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element456" xlink:to="label456"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnExtinguishmentOfDebt" xlink:label="element457"/>
<label xlink:type="resource" xlink:label="label457" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_GainsLossesOnExtinguishmentOfDebt_en-US"> Gains (Losses) on Extinguishment of Debt, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element457" xlink:to="label457"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="element458"/>
<label xlink:type="resource" xlink:label="label458" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GeneralAndAdministrativeExpense_en-US"> General and administrative </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element458" xlink:to="label458"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="element459"/>
<label xlink:type="resource" xlink:label="label459" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_GeneralAndAdministrativeExpense_en-US"> General and administrative </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element459" xlink:to="label459"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="element460"/>
<label xlink:type="resource" xlink:label="label460" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_GeneralAndAdministrativeExpense_en-US"> General and Administrative Expense, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element460" xlink:to="label460"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralLiabilityMember" xlink:label="element461"/>
<label xlink:type="resource" xlink:label="label461" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GeneralLiabilityMember_en-US"> General Liability [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element461" xlink:to="label461"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock" xlink:label="element462"/>
<label xlink:type="resource" xlink:label="label462" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_en-US"> Identified Intangibles [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element462" xlink:to="label462"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="element463"/>
<label xlink:type="resource" xlink:label="label463" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_en-US"> Identified Intangible Assets and Liabilities [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element463" xlink:to="label463"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ImpairmentOfInvestments" xlink:label="element464"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element464" xlink:to="label464"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ImpairmentOfInvestments" xlink:label="element465"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element465" xlink:to="label465"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ImpairmentOfInvestments" xlink:label="element466"/>
<label xlink:type="resource" xlink:label="label466" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ImpairmentOfInvestments_en-US"> Impairment loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element466" xlink:to="label466"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ImpairmentOfRealEstate" xlink:label="element467"/>
<label xlink:type="resource" xlink:label="label467" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ImpairmentOfRealEstate_en-US"> Impairment Of Real Estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element467" xlink:to="label467"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="element468"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element468" xlink:to="label468"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="element469"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="element471"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element471" xlink:to="label471"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="element472"/>
<label xlink:type="resource" xlink:label="label472" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncomeLossFromEquityMethodInvestments_en-US"> Income (Loss) from Equity Method Investments, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element472" xlink:to="label472"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="element473"/>
<label xlink:type="resource" xlink:label="label473" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeLossFromEquityMethodInvestments_en-US"> (Loss) income from partially owned entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element473" xlink:to="label473"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="element474"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element474" xlink:to="label474"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="element475"/>
<label xlink:type="resource" xlink:label="label475" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeLossFromEquityMethodInvestments_en-US"> (Loss) income from partially owned entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element475" xlink:to="label475"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperations" xlink:label="element476"/>
<label xlink:type="resource" xlink:label="label476" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeLossFromContinuingOperations_en-US"> Income (loss) from continuing operations, net of income attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element476" xlink:to="label476"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperations" xlink:label="element477"/>
<label xlink:type="resource" xlink:label="label477" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossFromContinuingOperations_en-US"> Income (Loss) from Continuing Operations Attributable to Parent </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element477" xlink:to="label477"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperations" xlink:label="element478"/>
<label xlink:type="resource" xlink:label="label478" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncomeLossFromContinuingOperations_en-US"> Income (Loss) from Continuing Operations Attributable to Parent, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element478" xlink:to="label478"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:label="element479"/>
<label xlink:type="resource" xlink:label="label479" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_en-US"> Income from discontinued operations, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element479" xlink:to="label479"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:label="element480"/>
<label xlink:type="resource" xlink:label="label480" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_en-US"> Income from discontinued operations, net (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element480" xlink:to="label480"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:label="element481"/>
<label xlink:type="resource" xlink:label="label481" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_en-US"> Income from discontinued operations, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element481" xlink:to="label481"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:label="element482"/>
<label xlink:type="resource" xlink:label="label482" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_en-US"> Income from discontinued operations, net (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element482" xlink:to="label482"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="element483"/>
<label xlink:type="resource" xlink:label="label483" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeStatementAbstract_en-US"> Income Statement [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element483" xlink:to="label483"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareAbstract" xlink:label="element484"/>
<label xlink:type="resource" xlink:label="label484" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareAbstract_en-US"> INCOME PER COMMON SHARE - BASIC: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element484" xlink:to="label484"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareAbstract" xlink:label="element485"/>
<label xlink:type="resource" xlink:label="label485" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerBasicShareAbstract_en-US"> INCOME (LOSS) PER COMMON SHARE - BASIC: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element485" xlink:to="label485"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="element486"/>
<label xlink:type="resource" xlink:label="label486" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeStatementLocationAxis_en-US"> Income Statement Location [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element486" xlink:to="label486"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="element487"/>
<label xlink:type="resource" xlink:label="label487" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_en-US"> Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element487" xlink:to="label487"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="element488"/>
<label xlink:type="resource" xlink:label="label488" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_en-US"> Income (loss) before income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element488" xlink:to="label488"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="element489"/>
<label xlink:type="resource" xlink:label="label489" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_en-US"> Income (loss) before income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element489" xlink:to="label489"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis" xlink:label="element490"/>
<label xlink:type="resource" xlink:label="label490" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis_en-US"> Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element490" xlink:to="label490"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerDilutedShareAbstract" xlink:label="element491"/>
<label xlink:type="resource" xlink:label="label491" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerDilutedShareAbstract_en-US"> INCOME PER COMMON SHARE - DILUTED: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element491" xlink:to="label491"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerDilutedShareAbstract" xlink:label="element492"/>
<label xlink:type="resource" xlink:label="label492" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciplePerDilutedShareAbstract_en-US"> INCOME (LOSS) PER COMMON SHARE - DILUTED: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element492" xlink:to="label492"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems" xlink:label="element493"/>
<label xlink:type="resource" xlink:label="label493" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems_en-US"> Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element493" xlink:to="label493"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="element494"/>
<label xlink:type="resource" xlink:label="label494" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_en-US"> Income Loss From Continuing Operations Per Diluted Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element494" xlink:to="label494"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="element495"/>
<label xlink:type="resource" xlink:label="label495" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_en-US"> Income (loss) from continuing operations, net (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element495" xlink:to="label495"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="element496"/>
<label xlink:type="resource" xlink:label="label496" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_en-US"> Income from continuing operations, net (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element496" xlink:to="label496"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="element497"/>
<label xlink:type="resource" xlink:label="label497" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_en-US"> Income Loss From Discontinued Operations Net Of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element497" xlink:to="label497"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="element498"/>
<label xlink:type="resource" xlink:label="label498" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_en-US"> Income from discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element498" xlink:to="label498"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="element499"/>
<label xlink:type="resource" xlink:label="label499" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xml:lang="en-US" id="NegatedPeriodStart_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_en-US"> Income from discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element499" xlink:to="label499"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="element500"/>
<label xlink:type="resource" xlink:label="label500" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_en-US"> Income from discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element500" xlink:to="label500"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="element501"/>
<label xlink:type="resource" xlink:label="label501" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_en-US"> Income from discontinued operations, including portion attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element501" xlink:to="label501"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="element502"/>
<label xlink:type="resource" xlink:label="label502" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_en-US"> Income (Loss) from Discontinued Operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element502" xlink:to="label502"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="element503"/>
<label xlink:type="resource" xlink:label="label503" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeStatementLocationDomain_en-US"> Income Statement Location [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element503" xlink:to="label503"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:label="element504"/>
<label xlink:type="resource" xlink:label="label504" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_en-US"> Income Loss From Discontinued Operations Net Of Tax Per Basic Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element504" xlink:to="label504"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:label="element505"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:label="element507"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable" xlink:label="element508"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="element510"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="element511"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="element512"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation" xlink:label="element513"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element513" xlink:to="label513"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxesPaid" xlink:label="element514"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element514" xlink:to="label514"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxesPaid" xlink:label="element515"/>
<label xlink:type="resource" xlink:label="label515" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncomeTaxesPaid_en-US"> Cash payments for income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element515" xlink:to="label515"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element516"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element516" xlink:to="label516"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element517"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element517" xlink:to="label517"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element518"/>
<label xlink:type="resource" xlink:label="label518" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_en-US"> Income (loss) from continuing operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element518" xlink:to="label518"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element519"/>
<label xlink:type="resource" xlink:label="label519" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_en-US"> Income (loss) from continuing operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element519" xlink:to="label519"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost" xlink:label="element520"/>
<label xlink:type="resource" xlink:label="label520" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost_en-US"> Income Tax Reconciliation, Nondeductible Expense, Share-based Compensation Cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element520" xlink:to="label520"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost" xlink:label="element521"/>
<label xlink:type="resource" xlink:label="label521" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost_en-US"> Stock Options </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element521" xlink:to="label521"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses" xlink:label="element522"/>
<label xlink:type="resource" xlink:label="label522" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses_en-US"> Income Tax Reconciliation, Nondeductible Expense, Impairment Losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element522" xlink:to="label522"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses" xlink:label="element523"/>
<label xlink:type="resource" xlink:label="label523" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses_en-US"> Impairment losses on marketable equity securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element523" xlink:to="label523"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization" xlink:label="element524"/>
<label xlink:type="resource" xlink:label="label524" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization_en-US"> Income Tax Reconciliation, Nondeductible Expense, Depreciation and Amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element524" xlink:to="label524"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization" xlink:label="element525"/>
<label xlink:type="resource" xlink:label="label525" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncomeTaxReconciliationNondeductibleExpenseDepreciationAndAmortization_en-US"> Depreciation and Amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element525" xlink:to="label525"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity" xlink:label="element526"/>
<label xlink:type="resource" xlink:label="label526" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_en-US"> Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element526" xlink:to="label526"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity" xlink:label="element527"/>
<label xlink:type="resource" xlink:label="label527" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_en-US"> Income from discontinued operations, net of income attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element527" xlink:to="label527"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationOtherAdjustments" xlink:label="element528"/>
<label xlink:type="resource" xlink:label="label528" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxReconciliationOtherAdjustments_en-US"> Income Tax Reconciliation, Other Adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element528" xlink:to="label528"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationOtherAdjustments" xlink:label="element529"/>
<label xlink:type="resource" xlink:label="label529" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncomeTaxReconciliationOtherAdjustments_en-US"> Other, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element529" xlink:to="label529"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary" xlink:label="element530"/>
<label xlink:type="resource" xlink:label="label530" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary_en-US"> Income Tax Reconciliation, Equity in Earnings (Losses) of Unconsolidated Subsidiary </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element530" xlink:to="label530"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary" xlink:label="element531"/>
<label xlink:type="resource" xlink:label="label531" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary_en-US"> Earnings of Partially Owned Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element531" xlink:to="label531"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary" xlink:label="element532"/>
<label xlink:type="resource" xlink:label="label532" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary_en-US"> Earnings of Partially Owned Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element532" xlink:to="label532"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="element533"/>
<label xlink:type="resource" xlink:label="label533" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxPolicyTextBlock_en-US"> Income Tax [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element533" xlink:to="label533"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="element534"/>
<label xlink:type="resource" xlink:label="label534" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInAccountsReceivable_en-US"> Accounts receivable, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element534" xlink:to="label534"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="element535"/>
<label xlink:type="resource" xlink:label="label535" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInAccountsReceivable_en-US"> Tenant and other receivables, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element535" xlink:to="label535"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="element536"/>
<label xlink:type="resource" xlink:label="label536" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_en-US"> Increase Decrease In Accounts Payable And Accrued Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element536" xlink:to="label536"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="element537"/>
<label xlink:type="resource" xlink:label="label537" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_en-US"> Accounts payable and accrued expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element537" xlink:to="label537"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="element538"/>
<label xlink:type="resource" xlink:label="label538" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_en-US"> Accounts payable and accrued expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element538" xlink:to="label538"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="element539"/>
<label xlink:type="resource" xlink:label="label539" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_en-US"> Increase Decrease In Other Operating Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element539" xlink:to="label539"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="element540"/>
<label xlink:type="resource" xlink:label="label540" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_en-US"> Other liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element540" xlink:to="label540"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="element541"/>
<label xlink:type="resource" xlink:label="label541" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_en-US"> Other liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element541" xlink:to="label541"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="element542"/>
<label xlink:type="resource" xlink:label="label542" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInOtherOperatingAssets_en-US"> Other assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element542" xlink:to="label542"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="element543"/>
<label xlink:type="resource" xlink:label="label543" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInOtherOperatingAssets_en-US"> Other assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element543" xlink:to="label543"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="element544"/>
<label xlink:type="resource" xlink:label="label544" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInPrepaidExpense_en-US"> Prepaid assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element544" xlink:to="label544"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="element545"/>
<label xlink:type="resource" xlink:label="label545" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInPrepaidExpense_en-US"> Prepaid assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element545" xlink:to="label545"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="element546"/>
<label xlink:type="resource" xlink:label="label546" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInRestrictedCash_en-US"> Increase Decrease In Restricted Cash </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element546" xlink:to="label546"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="element547"/>
<label xlink:type="resource" xlink:label="label547" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInRestrictedCash_en-US"> Restricted cash </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element547" xlink:to="label547"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="element548"/>
<label xlink:type="resource" xlink:label="label548" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncreaseDecreaseInRestrictedCash_en-US"> Increase (Decrease) in Restricted Cash, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element548" xlink:to="label548"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities" xlink:label="element549"/>
<label xlink:type="resource" xlink:label="label549" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities_en-US"> Incremental Common Shares Attributable to Conversion of Debt Securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element549" xlink:to="label549"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities" xlink:label="element550"/>
<label xlink:type="resource" xlink:label="label550" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities_en-US"> 3.875% Exchangeable Senior Debentures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element550" xlink:to="label550"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="element551"/>
<label xlink:type="resource" xlink:label="label551" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_en-US"> Weighted Average Number Diluted Shares Outstanding Adjustment Employee Stock Options And Restricted Share Awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element551" xlink:to="label551"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="element552"/>
<label xlink:type="resource" xlink:label="label552" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_en-US"> Employee stock options and restricted share awards (in shares) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element552" xlink:to="label552"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:label="element553"/>
<label xlink:type="resource" xlink:label="label553" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock_en-US"> Convertible preferred shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element553" xlink:to="label553"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock" xlink:label="element554"/>
<label xlink:type="resource" xlink:label="label554" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock_en-US"> Incremental Common Shares Attributable to Conversion of Preferred Stock </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element554" xlink:to="label554"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:label="element555"/>
<label xlink:type="resource" xlink:label="label555" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IntangibleAssetsDisclosureTextBlock_en-US"> Intangible Assets Disclosure [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element555" xlink:to="label555"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:label="element556"/>
<label xlink:type="resource" xlink:label="label556" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IntangibleAssetsDisclosureTextBlock_en-US"> Identified Intangible Assets and Intangible Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element556" xlink:to="label556"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestCostsIncurred" xlink:label="element557"/>
<label xlink:type="resource" xlink:label="label557" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestCostsIncurred_en-US"> Interest Costs Incurred </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element557" xlink:to="label557"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestCostsIncurred" xlink:label="element558"/>
<label xlink:type="resource" xlink:label="label558" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestCostsIncurred_en-US"> Interest expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element558" xlink:to="label558"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestAndDebtExpense" xlink:label="element559"/>
<label xlink:type="resource" xlink:label="label559" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestAndDebtExpense_en-US"> Interest and debt expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element559" xlink:to="label559"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestAndDebtExpense" xlink:label="element560"/>
<label xlink:type="resource" xlink:label="label560" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_InterestAndDebtExpense_en-US"> Interest and debt expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element560" xlink:to="label560"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestAndDebtExpense" xlink:label="element561"/>
<label xlink:type="resource" xlink:label="label561" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestAndDebtExpense_en-US"> Interest and debt expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element561" xlink:to="label561"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestAndDebtExpense" xlink:label="element562"/>
<label xlink:type="resource" xlink:label="label562" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_InterestAndDebtExpense_en-US"> Interest and Debt Expense, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element562" xlink:to="label562"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestCostsCapitalized" xlink:label="element563"/>
<label xlink:type="resource" xlink:label="label563" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestCostsCapitalized_en-US"> Interest Costs Capitalized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element563" xlink:to="label563"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestCostsCapitalized" xlink:label="element564"/>
<label xlink:type="resource" xlink:label="label564" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestCostsCapitalized_en-US"> Capitalized interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element564" xlink:to="label564"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestAndDebtExpenseAbstract" xlink:label="element565"/>
<label xlink:type="resource" xlink:label="label565" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestAndDebtExpenseAbstract_en-US"> Interest Expense Debt [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element565" xlink:to="label565"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestAndOtherIncomeTableTextBlock" xlink:label="element566"/>
<label xlink:type="resource" xlink:label="label566" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestAndOtherIncomeTableTextBlock_en-US"> Schedule Of Interest And Other Investment Income Net [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element566" xlink:to="label566"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestAndOtherIncomeAbstract" xlink:label="element567"/>
<label xlink:type="resource" xlink:label="label567" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestAndOtherIncomeAbstract_en-US"> Interest and Other Investment (Loss) Income, net [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element567" xlink:to="label567"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPaidCapitalized" xlink:label="element568"/>
<label xlink:type="resource" xlink:label="label568" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestPaidCapitalized_en-US"> Interest Paid Capitalized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element568" xlink:to="label568"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPaidCapitalized" xlink:label="element569"/>
<label xlink:type="resource" xlink:label="label569" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestPaidCapitalized_en-US"> Cash paid for capitalized interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element569" xlink:to="label569"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="element570"/>
<label xlink:type="resource" xlink:label="label570" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestPaidNet_en-US"> Cash payments for interest (net of amounts capitalized of $53,139, $42,303, and $16,801 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element570" xlink:to="label570"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateDerivativeLiabilitiesAtFairValue" xlink:label="element571"/>
<label xlink:type="resource" xlink:label="label571" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestRateDerivativeLiabilitiesAtFairValue_en-US"> Interest rate swap (included in other liabilities) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element571" xlink:to="label571"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="element572"/>
<label xlink:type="resource" xlink:label="label572" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestRateSwapMember_en-US"> Change in value of interest rate Swap [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element572" xlink:to="label572"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="element573"/>
<label xlink:type="resource" xlink:label="label573" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestRateSwapMember_en-US"> Interest rate Swap [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element573" xlink:to="label573"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestOnConvertibleDebtNetOfTax" xlink:label="element574"/>
<label xlink:type="resource" xlink:label="label574" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestOnConvertibleDebtNetOfTax_en-US"> Interest on Convertible Debt, Net of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element574" xlink:to="label574"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestOnConvertibleDebtNetOfTax" xlink:label="element575"/>
<label xlink:type="resource" xlink:label="label575" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestOnConvertibleDebtNetOfTax_en-US"> Interest on 3.875% exchangeable senior debentures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element575" xlink:to="label575"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="element576"/>
<label xlink:type="resource" xlink:label="label576" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentTypeCategorizationMember_en-US"> Investment Type Categorization [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element576" xlink:to="label576"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentIncomeTextBlock" xlink:label="element577"/>
<label xlink:type="resource" xlink:label="label577" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentIncomeTextBlock_en-US"> Investment Income Text Block </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element577" xlink:to="label577"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentIncomeTextBlock" xlink:label="element578"/>
<label xlink:type="resource" xlink:label="label578" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InvestmentIncomeTextBlock_en-US"> Investment Income Text Block </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element578" xlink:to="label578"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentIncomeTextBlock" xlink:label="element579"/>
<label xlink:type="resource" xlink:label="label579" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_InvestmentIncomeTextBlock_en-US"> Interest and Other Investment Income (Loss), Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element579" xlink:to="label579"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentIncomeDividend" xlink:label="element580"/>
<label xlink:type="resource" xlink:label="label580" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentIncomeDividend_en-US"> Dividends and interest on marketable securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element580" xlink:to="label580"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentOwnedBalanceShares" xlink:label="element581"/>
<label xlink:type="resource" xlink:label="label581" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentOwnedBalanceShares_en-US"> Ownership common shares, investee (in shares) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element581" xlink:to="label581"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentHoldingsLineItems" xlink:label="element582"/>
<label xlink:type="resource" xlink:label="label582" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentHoldingsLineItems_en-US"> Investment Holdings [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element582" xlink:to="label582"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="element583"/>
<label xlink:type="resource" xlink:label="label583" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentTypeAxis_en-US"> Investment Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element583" xlink:to="label583"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentHoldingsTable" xlink:label="element584"/>
<label xlink:type="resource" xlink:label="label584" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentHoldingsTable_en-US"> Investment Holdings [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element584" xlink:to="label584"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure" xlink:label="element585"/>
<label xlink:type="resource" xlink:label="label585" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure_en-US"> Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element585" xlink:to="label585"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure" xlink:label="element586"/>
<label xlink:type="resource" xlink:label="label586" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure_en-US"> Investments in Partially Owned Entities at Fair Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element586" xlink:to="label586"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="element587"/>
<label xlink:type="resource" xlink:label="label587" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_en-US"> Carrying amount of investments in partially owned entitiies </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element587" xlink:to="label587"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="element588"/>
<label xlink:type="resource" xlink:label="label588" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_en-US"> Carrying amount of investments in partially owned entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element588" xlink:to="label588"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="element589"/>
<label xlink:type="resource" xlink:label="label589" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_en-US"> Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element589" xlink:to="label589"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="element590"/>
<label xlink:type="resource" xlink:label="label590" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_en-US"> Investments in partially owned entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element590" xlink:to="label590"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="element591"/>
<label xlink:type="resource" xlink:label="label591" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_en-US"> Balance at beginning of period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element591" xlink:to="label591"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="element592"/>
<label xlink:type="resource" xlink:label="label592" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_en-US"> Balance at end of period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element592" xlink:to="label592"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LesseeLeasingArrangementsOperatingLeasesTermOfContract" xlink:label="element593"/>
<label xlink:type="resource" xlink:label="label593" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LesseeLeasingArrangementsOperatingLeasesTermOfContract_en-US"> Lessee Leasing Arrangements Operating Leases Term Of Contract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element593" xlink:to="label593"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LesseeLeasingArrangementsOperatingLeasesTermOfContract" xlink:label="element594"/>
<label xlink:type="resource" xlink:label="label594" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LesseeLeasingArrangementsOperatingLeasesTermOfContract_en-US"> Lease expiration term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element594" xlink:to="label594"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="element595"/>
<label xlink:type="resource" xlink:label="label595" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LettersOfCreditOutstandingAmount_en-US"> Letters of Credit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element595" xlink:to="label595"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="element596"/>
<label xlink:type="resource" xlink:label="label596" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LettersOfCreditOutstandingAmount_en-US"> Outstanding letters of credit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element596" xlink:to="label596"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="element597"/>
<label xlink:type="resource" xlink:label="label597" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongtermDebtTypeAxis_en-US"> Long-term Debt, Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element597" xlink:to="label597"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="element598"/>
<label xlink:type="resource" xlink:label="label598" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongtermDebtTypeDomain_en-US"> Long-term Debt, Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element598" xlink:to="label598"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Land" xlink:label="element599"/>
<label xlink:type="resource" xlink:label="label599" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Land_en-US"> Land </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element599" xlink:to="label599"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LandImprovementsMember" xlink:label="element600"/>
<label xlink:type="resource" xlink:label="label600" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LandImprovementsMember_en-US"> Land Improvements [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element600" xlink:to="label600"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LandMember" xlink:label="element601"/>
<label xlink:type="resource" xlink:label="label601" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LandMember_en-US"> Land [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element601" xlink:to="label601"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LeasesAbstract" xlink:label="element602"/>
<label xlink:type="resource" xlink:label="label602" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LeasesAbstract_en-US"> Leases [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element602" xlink:to="label602"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="element603"/>
<label xlink:type="resource" xlink:label="label603" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LiabilitiesAndStockholdersEquity_en-US"> Total liabilities, redeemable noncontrolling interests and equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element603" xlink:to="label603"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="element604"/>
<label xlink:type="resource" xlink:label="label604" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LiabilitiesAndStockholdersEquity_en-US"> Total liabilities, redeemable noncontrolling interests and equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element604" xlink:to="label604"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="element605"/>
<label xlink:type="resource" xlink:label="label605" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesAndStockholdersEquity_en-US"> Liabilities and Stockholders' Equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element605" xlink:to="label605"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosure" xlink:label="element606"/>
<label xlink:type="resource" xlink:label="label606" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesFairValueDisclosure_en-US"> Liabilities Fair Value Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element606" xlink:to="label606"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosure" xlink:label="element607"/>
<label xlink:type="resource" xlink:label="label607" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LiabilitiesFairValueDisclosure_en-US"> Total liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element607" xlink:to="label607"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Liabilities" xlink:label="element608"/>
<label xlink:type="resource" xlink:label="label608" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_Liabilities_en-US"> Total liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element608" xlink:to="label608"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Liabilities" xlink:label="element609"/>
<label xlink:type="resource" xlink:label="label609" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Liabilities_en-US"> Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element609" xlink:to="label609"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation" xlink:label="element610"/>
<label xlink:type="resource" xlink:label="label610" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_en-US"> Liabilities related to discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element610" xlink:to="label610"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="element611"/>
<label xlink:type="resource" xlink:label="label611" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesAndStockholdersEquityAbstract_en-US"> LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element611" xlink:to="label611"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:label="element612"/>
<label xlink:type="resource" xlink:label="label612" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_en-US"> Common limited partnership interest in the Operating Partnership </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element612" xlink:to="label612"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:label="element613"/>
<label xlink:type="resource" xlink:label="label613" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_en-US"> Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element613" xlink:to="label613"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage" xlink:label="element614"/>
<label xlink:type="resource" xlink:label="label614" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage_en-US"> Facility Fee (in percentage) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element614" xlink:to="label614"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCredit" xlink:label="element615"/>
<label xlink:type="resource" xlink:label="label615" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCredit_en-US"> Revolving credit facility debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element615" xlink:to="label615"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCredit" xlink:label="element616"/>
<label xlink:type="resource" xlink:label="label616" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LineOfCredit_en-US"> Long-term Line of Credit, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element616" xlink:to="label616"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="element617"/>
<label xlink:type="resource" xlink:label="label617" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_en-US"> Line of Credit Facility, Maximum Borrowing Capacity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element617" xlink:to="label617"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LinesOfCreditFairValueDisclosure" xlink:label="element618"/>
<label xlink:type="resource" xlink:label="label618" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LinesOfCreditFairValueDisclosure_en-US"> Revolving credit facility debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element618" xlink:to="label618"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LinesOfCreditFairValueDisclosure" xlink:label="element619"/>
<label xlink:type="resource" xlink:label="label619" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LinesOfCreditFairValueDisclosure_en-US"> Lines Of Credit Fair Value Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element619" xlink:to="label619"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LitigationCaseTypeDomain" xlink:label="element620"/>
<label xlink:type="resource" xlink:label="label620" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LitigationCaseTypeDomain_en-US"> Litigation Case Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element620" xlink:to="label620"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LitigationCaseAxis" xlink:label="element621"/>
<label xlink:type="resource" xlink:label="label621" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LitigationCaseAxis_en-US"> Litigation Case [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element621" xlink:to="label621"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LitigationSettlementAmount" xlink:label="element622"/>
<label xlink:type="resource" xlink:label="label622" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LitigationSettlementAmount_en-US"> Proceed pursuant to a settlement agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element622" xlink:to="label622"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansAssumed1" xlink:label="element623"/>
<label xlink:type="resource" xlink:label="label623" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LoansAssumed1_en-US"> Loans Assumed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element623" xlink:to="label623"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansAssumed1" xlink:label="element624"/>
<label xlink:type="resource" xlink:label="label624" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LoansAssumed1_en-US"> Financing assumed in acquisitions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element624" xlink:to="label624"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy" xlink:label="element625"/>
<label xlink:type="resource" xlink:label="label625" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy_en-US"> Mezzanine Loans Receivable [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element625" xlink:to="label625"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableBasisSpreadOnVariableRate" xlink:label="element626"/>
<label xlink:type="resource" xlink:label="label626" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LoansReceivableBasisSpreadOnVariableRate_en-US"> Loans Receivable, Basis Spread on Variable Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element626" xlink:to="label626"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableDescriptionOfVariableRateBasis" xlink:label="element627"/>
<label xlink:type="resource" xlink:label="label627" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LoansReceivableDescriptionOfVariableRateBasis_en-US"> Loans Receivable Description Of Variable Rate Basis </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element627" xlink:to="label627"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansReceivableCommercialMortgage" xlink:label="element628"/>
<label xlink:type="resource" xlink:label="label628" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LoansReceivableCommercialMortgage_en-US"> Mortgage loan receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element628" xlink:to="label628"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtAbstract" xlink:label="element629"/>
<label xlink:type="resource" xlink:label="label629" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtAbstract_en-US"> Long Term Debt Abstract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element629" xlink:to="label629"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="element630"/>
<label xlink:type="resource" xlink:label="label630" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_en-US"> 2015 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element630" xlink:to="label630"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="element631"/>
<label xlink:type="resource" xlink:label="label631" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_en-US"> 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element631" xlink:to="label631"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="element632"/>
<label xlink:type="resource" xlink:label="label632" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_en-US"> 2016 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element632" xlink:to="label632"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="element633"/>
<label xlink:type="resource" xlink:label="label633" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_en-US"> 2018 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element633" xlink:to="label633"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:label="element634"/>
<label xlink:type="resource" xlink:label="label634" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_en-US"> Thereafter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element634" xlink:to="label634"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="element635"/>
<label xlink:type="resource" xlink:label="label635" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_en-US"> 2019 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element635" xlink:to="label635"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="element636"/>
<label xlink:type="resource" xlink:label="label636" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LossContingenciesTable_en-US"> Loss Contingencies [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element636" xlink:to="label636"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="element637"/>
<label xlink:type="resource" xlink:label="label637" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LossContingenciesLineItems_en-US"> Loss Contingencies [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element637" xlink:to="label637"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts" xlink:label="element638"/>
<label xlink:type="resource" xlink:label="label638" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_en-US"> Accounts Receivable - collected upon settlement of litigation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element638" xlink:to="label638"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingencyOpinionOfCounsel" xlink:label="element639"/>
<label xlink:type="resource" xlink:label="label639" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LossContingencyOpinionOfCounsel_en-US"> Loss Contingency, Opinion of Counsel </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element639" xlink:to="label639"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorPropertyClassDomain" xlink:label="element640"/>
<label xlink:type="resource" xlink:label="label640" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MajorPropertyClassDomain_en-US"> Major Property Class [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element640" xlink:to="label640"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MajorPropertyClassAxis" xlink:label="element641"/>
<label xlink:type="resource" xlink:label="label641" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MajorPropertyClassAxis_en-US"> Major Property Class [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element641" xlink:to="label641"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure" xlink:label="element642"/>
<label xlink:type="resource" xlink:label="label642" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure_en-US"> Mandatorily Redeemable Preferred Stock, Fair Value Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element642" xlink:to="label642"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure" xlink:label="element643"/>
<label xlink:type="resource" xlink:label="label643" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MandatorilyRedeemablePreferredStockFairValueDisclosure_en-US"> Mandatorily redeemable instruments (included in other liabilities) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element643" xlink:to="label643"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketApproachValuationTechniqueMember" xlink:label="element644"/>
<label xlink:type="resource" xlink:label="label644" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MarketApproachValuationTechniqueMember_en-US"> Market Multiple Methodology [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element644" xlink:to="label644"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecurities" xlink:label="element645"/>
<label xlink:type="resource" xlink:label="label645" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MarketableSecurities_en-US"> Marketable securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element645" xlink:to="label645"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecurities" xlink:label="element646"/>
<label xlink:type="resource" xlink:label="label646" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_MarketableSecurities_en-US"> Marketable Securities, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element646" xlink:to="label646"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecurities" xlink:label="element647"/>
<label xlink:type="resource" xlink:label="label647" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MarketableSecurities_en-US"> Marketable Securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element647" xlink:to="label647"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecurities" xlink:label="element648"/>
<label xlink:type="resource" xlink:label="label648" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_MarketableSecurities_en-US"> Available-for-sale Securities, Equity Securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element648" xlink:to="label648"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecuritiesAbstract" xlink:label="element649"/>
<label xlink:type="resource" xlink:label="label649" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MarketableSecuritiesAbstract_en-US"> Derivative Instruments and Marketable Securities [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element649" xlink:to="label649"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecuritiesPolicy" xlink:label="element650"/>
<label xlink:type="resource" xlink:label="label650" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MarketableSecuritiesPolicy_en-US"> Marketable Securities [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element650" xlink:to="label650"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecuritiesGainLoss" xlink:label="element651"/>
<label xlink:type="resource" xlink:label="label651" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MarketableSecuritiesGainLoss_en-US"> Marketable Securities Gain (Loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element651" xlink:to="label651"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecuritiesGainLoss" xlink:label="element652"/>
<label xlink:type="resource" xlink:label="label652" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MarketableSecuritiesGainLoss_en-US"> Net economic gain or (loss) on investment in marketable securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element652" xlink:to="label652"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecuritiesTextBlock" xlink:label="element653"/>
<label xlink:type="resource" xlink:label="label653" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MarketableSecuritiesTextBlock_en-US"> Derivative Instrument and Marketable Securities Text Block </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element653" xlink:to="label653"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MarketableSecuritiesTextBlock" xlink:label="element654"/>
<label xlink:type="resource" xlink:label="label654" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_MarketableSecuritiesTextBlock_en-US"> Derivative Instrument and Marketable Securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element654" xlink:to="label654"/>
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<label xlink:type="resource" xlink:label="label655" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MaximumMember_en-US"> Maximum [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element655" xlink:to="label655"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinimumMember" xlink:label="element656"/>
<label xlink:type="resource" xlink:label="label656" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MinimumMember_en-US"> Minimum [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element656" xlink:to="label656"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestInNetIncomeLossOfConsolidatedEntitiesAbstract" xlink:label="element657"/>
<label xlink:type="resource" xlink:label="label657" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MinorityInterestInNetIncomeLossOfConsolidatedEntitiesAbstract_en-US"> Minority Interest In Net Income Loss Of Consolidated Entities [Abstract] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestInNetIncomeLossOfConsolidatedEntitiesAbstract" xlink:label="element658"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="element659"/>
<label xlink:type="resource" xlink:label="label659" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_en-US"> Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element659" xlink:to="label659"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="element660"/>
<label xlink:type="resource" xlink:label="label660" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_en-US"> Distributions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element660" xlink:to="label660"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterest" xlink:label="element661"/>
<label xlink:type="resource" xlink:label="label661" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MinorityInterest_en-US"> Noncontrolling interests in consolidated subsidiaries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element661" xlink:to="label661"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterest" xlink:label="element662"/>
<label xlink:type="resource" xlink:label="label662" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_MinorityInterest_en-US"> Noncontrolling interests in consolidated subsidiaries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element662" xlink:to="label662"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterest" xlink:label="element663"/>
<label xlink:type="resource" xlink:label="label663" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_MinorityInterest_en-US"> Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element663" xlink:to="label663"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterest" xlink:label="element664"/>
<label xlink:type="resource" xlink:label="label664" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_MinorityInterest_en-US"> Stockholders' Equity Attributable to Noncontrolling Interest, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element664" xlink:to="label664"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:label="element665"/>
<label xlink:type="resource" xlink:label="label665" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_en-US"> Principal amount of mortgage loans </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element665" xlink:to="label665"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:label="element666"/>
<label xlink:type="resource" xlink:label="label666" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_en-US"> Real Estate Properties [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element666" xlink:to="label666"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain" xlink:label="element667"/>
<label xlink:type="resource" xlink:label="label667" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MortgageLoansOnRealEstateNamePropertyTypeDomain_en-US"> Real Estate Properties [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element667" xlink:to="label667"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MultiemployerPlanTypeAxis" xlink:label="element668"/>
<label xlink:type="resource" xlink:label="label668" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MultiemployerPlanTypeAxis_en-US"> Multiemployer Plan Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element668" xlink:to="label668"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MultiemployerPlansTypeDomain" xlink:label="element669"/>
<label xlink:type="resource" xlink:label="label669" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MultiemployerPlansTypeDomain_en-US"> Multiemployer Plans Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element669" xlink:to="label669"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MultiemployerPlansAbstract" xlink:label="element670"/>
<label xlink:type="resource" xlink:label="label670" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MultiemployerPlansAbstract_en-US"> Multiemployer Plans [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element670" xlink:to="label670"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MultiemployerPlanPeriodContributions" xlink:label="element671"/>
<label xlink:type="resource" xlink:label="label671" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MultiemployerPlanPeriodContributions_en-US"> Multiemployer Plan, Period Contributions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element671" xlink:to="label671"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MultiemployerPlansPeriodContributionsSignificanceOfContributions" xlink:label="element672"/>
<label xlink:type="resource" xlink:label="label672" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MultiemployerPlansPeriodContributionsSignificanceOfContributions_en-US"> Multiemployer Plans, Period Contributions, Significance of Contributions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element672" xlink:to="label672"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MultiemployerPlansLineItems" xlink:label="element673"/>
<label xlink:type="resource" xlink:label="label673" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MultiemployerPlansLineItems_en-US"> Multiemployer Plans [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element673" xlink:to="label673"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MultiemployerPlansPensionMember" xlink:label="element674"/>
<label xlink:type="resource" xlink:label="label674" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_MultiemployerPlansPensionMember_en-US"> Multiemployer Plans, Pension [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element674" xlink:to="label674"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="element675"/>
<label xlink:type="resource" xlink:label="label675" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NatureOfOperations_en-US"> Nature of Operations [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element675" xlink:to="label675"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="element676"/>
<label xlink:type="resource" xlink:label="label676" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NatureOfOperations_en-US"> Organization And Business </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element676" xlink:to="label676"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="element677"/>
<label xlink:type="resource" xlink:label="label677" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetIncomeLoss_en-US"> Net income attributable to Vornado </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element677" xlink:to="label677"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="element678"/>
<label xlink:type="resource" xlink:label="label678" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NetIncomeLoss_en-US"> Income (loss) from continuing operations, net of income attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element678" xlink:to="label678"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="element679"/>
<label xlink:type="resource" xlink:label="label679" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NetIncomeLoss_en-US"> Net income attributable to Vornado </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element679" xlink:to="label679"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="element680"/>
<label xlink:type="resource" xlink:label="label680" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_NetIncomeLoss_en-US"> Net income (loss) attributable to Vornado </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element680" xlink:to="label680"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="element681"/>
<label xlink:type="resource" xlink:label="label681" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_en-US"> Cash Flows from Financing Activities: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element681" xlink:to="label681"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="element682"/>
<label xlink:type="resource" xlink:label="label682" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_en-US"> Net income Attributable to Common Shareholders </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element682" xlink:to="label682"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="element683"/>
<label xlink:type="resource" xlink:label="label683" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_en-US"> Net income (loss) attributable to common shareholders </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element683" xlink:to="label683"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="element684"/>
<label xlink:type="resource" xlink:label="label684" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_en-US"> NET INCOME attributable to common shareholders </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element684" xlink:to="label684"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="element685"/>
<label xlink:type="resource" xlink:label="label685" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_en-US"> Income (loss) from continuing operations, net of income attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element685" xlink:to="label685"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest" xlink:label="element686"/>
<label xlink:type="resource" xlink:label="label686" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_en-US"> Net Income Loss Attributable To Redeemable Noncontrolling Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element686" xlink:to="label686"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest" xlink:label="element687"/>
<label xlink:type="resource" xlink:label="label687" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_en-US"> Net income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element687" xlink:to="label687"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest" xlink:label="element688"/>
<label xlink:type="resource" xlink:label="label688" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest_en-US"> Net Income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element688" xlink:to="label688"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:label="element689"/>
<label xlink:type="resource" xlink:label="label689" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_en-US"> Numerator for diluted income (loss) per share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element689" xlink:to="label689"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted" xlink:label="element690"/>
<label xlink:type="resource" xlink:label="label690" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_en-US"> Numerator for diluted income per share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element690" xlink:to="label690"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="element691"/>
<label xlink:type="resource" xlink:label="label691" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_en-US"> Cash Flows from Investing Activities: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element691" xlink:to="label691"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="element692"/>
<label xlink:type="resource" xlink:label="label692" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NetCashProvidedByUsedInInvestingActivities_en-US"> Net cash (used in) provided by investing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element692" xlink:to="label692"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="element693"/>
<label xlink:type="resource" xlink:label="label693" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInInvestingActivities_en-US"> Net cash provided by (used in) investing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element693" xlink:to="label693"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="element694"/>
<label xlink:type="resource" xlink:label="label694" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_en-US"> Cash Flows from Operating Activities: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element694" xlink:to="label694"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="element695"/>
<label xlink:type="resource" xlink:label="label695" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NetCashProvidedByUsedInFinancingActivities_en-US"> Net Cash provided by (used in) financing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element695" xlink:to="label695"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="element696"/>
<label xlink:type="resource" xlink:label="label696" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInFinancingActivities_en-US"> Net Cash (used in) provided by financing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element696" xlink:to="label696"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="element697"/>
<label xlink:type="resource" xlink:label="label697" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetCashProvidedByUsedInOperatingActivities_en-US"> Net cash provided by operating activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element697" xlink:to="label697"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="element698"/>
<label xlink:type="resource" xlink:label="label698" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NetCashProvidedByUsedInOperatingActivities_en-US"> Net cash provided by operating activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element698" xlink:to="label698"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="element699"/>
<label xlink:type="resource" xlink:label="label699" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_en-US"> Less net (income) loss attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element699" xlink:to="label699"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="element700"/>
<label xlink:type="resource" xlink:label="label700" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_en-US"> Less net income attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element700" xlink:to="label700"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="element701"/>
<label xlink:type="resource" xlink:label="label701" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_en-US"> New Accounting Pronouncements Policy [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element701" xlink:to="label701"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1" xlink:label="element702"/>
<label xlink:type="resource" xlink:label="label702" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1_en-US"> Other assets1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element702" xlink:to="label702"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1" xlink:label="element703"/>
<label xlink:type="resource" xlink:label="label703" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1_en-US"> Other assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element703" xlink:to="label703"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:label="element704"/>
<label xlink:type="resource" xlink:label="label704" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_en-US"> Non cash Or Part Non cash Divestiture Amount Of Consideration Received 1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element704" xlink:to="label704"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1" xlink:label="element705"/>
<label xlink:type="resource" xlink:label="label705" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1_en-US"> Beverly Connection seller financing </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element705" xlink:to="label705"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1" xlink:label="element706"/>
<label xlink:type="resource" xlink:label="label706" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncashOrPartNoncashAcquisitionPayablesAssumed1_en-US"> Accounts payable and accrued expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element706" xlink:to="label706"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:label="element707"/>
<label xlink:type="resource" xlink:label="label707" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_en-US"> Real Estate, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element707" xlink:to="label707"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:label="element708"/>
<label xlink:type="resource" xlink:label="label708" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_en-US"> Noncash or Part Noncash Acquisition, Fixed Assets Acquired </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element708" xlink:to="label708"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:label="element709"/>
<label xlink:type="resource" xlink:label="label709" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_en-US"> Real Estate, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element709" xlink:to="label709"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1" xlink:label="element710"/>
<label xlink:type="resource" xlink:label="label710" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_en-US"> Notes and mortgages payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element710" xlink:to="label710"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesAndLoansPayable" xlink:label="element711"/>
<label xlink:type="resource" xlink:label="label711" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NotesAndLoansPayable_en-US"> Mortgages payable (in US Dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element711" xlink:to="label711"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesAndLoansPayable" xlink:label="element712"/>
<label xlink:type="resource" xlink:label="label712" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NotesAndLoansPayable_en-US"> Notes And Loans Payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element712" xlink:to="label712"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesAndLoansPayable" xlink:label="element713"/>
<label xlink:type="resource" xlink:label="label713" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NotesAndLoansPayable_en-US"> Mortgages payable, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element713" xlink:to="label713"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesAndLoansPayable" xlink:label="element714"/>
<label xlink:type="resource" xlink:label="label714" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_NotesAndLoansPayable_en-US"> Mortgages payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element714" xlink:to="label714"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayableFairValueDisclosure" xlink:label="element715"/>
<label xlink:type="resource" xlink:label="label715" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NotesPayableFairValueDisclosure_en-US"> Mortgages payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element715" xlink:to="label715"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayableFairValueDisclosure" xlink:label="element716"/>
<label xlink:type="resource" xlink:label="label716" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NotesPayableFairValueDisclosure_en-US"> Notes Payable Fair Value Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element716" xlink:to="label716"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesReceivableGross" xlink:label="element717"/>
<label xlink:type="resource" xlink:label="label717" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NotesReceivableGross_en-US"> Mezzanine Loans Receivable - Carrying Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element717" xlink:to="label717"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesReceivableGross" xlink:label="element718"/>
<label xlink:type="resource" xlink:label="label718" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NotesReceivableGross_en-US"> Notes, Loans and Financing Receivable, Gross </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element718" xlink:to="label718"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesReceivableFairValueDisclosure" xlink:label="element719"/>
<label xlink:type="resource" xlink:label="label719" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NotesReceivableFairValueDisclosure_en-US"> Mortgage and mezzanine loans receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element719" xlink:to="label719"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesReceivableFairValueDisclosure" xlink:label="element720"/>
<label xlink:type="resource" xlink:label="label720" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NotesReceivableFairValueDisclosure_en-US"> Notes Receivable Fair Value Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element720" xlink:to="label720"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="element721"/>
<label xlink:type="resource" xlink:label="label721" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NotesReceivableNet_en-US"> Mortgage and mezzanine loans receivable, net of allowance of $5,811 and $5,845 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element721" xlink:to="label721"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="element722"/>
<label xlink:type="resource" xlink:label="label722" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NotesReceivableNet_en-US"> Mortgage and mezzanine loans receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element722" xlink:to="label722"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="element723"/>
<label xlink:type="resource" xlink:label="label723" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_NotesReceivableNet_en-US"> Mortgage and mezzanine loans receivable, net Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element723" xlink:to="label723"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NumberOfUnitsInRealEstateProperty" xlink:label="element724"/>
<label xlink:type="resource" xlink:label="label724" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NumberOfUnitsInRealEstateProperty_en-US"> Number of Units in Real Estate Property (in number of residential units)/ (in number of rooms) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element724" xlink:to="label724"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="element725"/>
<label xlink:type="resource" xlink:label="label725" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NumberOfRealEstateProperties_en-US"> Number Of Real Estate Properties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element725" xlink:to="label725"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NumberOfStores" xlink:label="element726"/>
<label xlink:type="resource" xlink:label="label726" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NumberOfStores_en-US"> Number Of Stores </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element726" xlink:to="label726"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable" xlink:label="element727"/>
<label xlink:type="resource" xlink:label="label727" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable_en-US"> Net Income (Loss) Attributable to Noncontrolling Interest, Operating Partnerships </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element727" xlink:to="label727"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable" xlink:label="element728"/>
<label xlink:type="resource" xlink:label="label728" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable_en-US"> Operating Partnership </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element728" xlink:to="label728"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="element729"/>
<label xlink:type="resource" xlink:label="label729" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncontrollingInterestMember_en-US"> Non-controlling Interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element729" xlink:to="label729"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable" xlink:label="element730"/>
<label xlink:type="resource" xlink:label="label730" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable_en-US"> Net income attributable to noncontrolling interests in consolidated subsidiaries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element730" xlink:to="label730"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable" xlink:label="element731"/>
<label xlink:type="resource" xlink:label="label731" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable_en-US"> Net (income) loss attributable to noncontrolling interests in consolidated subsidiaries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element731" xlink:to="label731"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable" xlink:label="element732"/>
<label xlink:type="resource" xlink:label="label732" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable_en-US"> Consolidated subsidiaries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element732" xlink:to="label732"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable" xlink:label="element733"/>
<label xlink:type="resource" xlink:label="label733" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xml:lang="en-US" id="NegatedTerse_us-gaap_NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable_en-US"> Less income attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element733" xlink:to="label733"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable" xlink:label="element734"/>
<label xlink:type="resource" xlink:label="label734" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable_en-US"> Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element734" xlink:to="label734"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable" xlink:label="element735"/>
<label xlink:type="resource" xlink:label="label735" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable_en-US"> Preferred unit distributions of the Operating Partnership </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element735" xlink:to="label735"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestAbstract" xlink:label="element736"/>
<label xlink:type="resource" xlink:label="label736" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncontrollingInterestAbstract_en-US"> Redeemable Noncontrolling Interests [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element736" xlink:to="label736"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:label="element737"/>
<label xlink:type="resource" xlink:label="label737" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_en-US"> Noncontrolling Interest, Increase from Business Combination </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element737" xlink:to="label737"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:label="element738"/>
<label xlink:type="resource" xlink:label="label738" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_en-US"> Consolidation of a partially owned entity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element738" xlink:to="label738"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination" xlink:label="element739"/>
<label xlink:type="resource" xlink:label="label739" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination_en-US"> Noncontrolling interest in consolidated subsidiaries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element739" xlink:to="label739"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:label="element740"/>
<label xlink:type="resource" xlink:label="label740" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation_en-US"> Deconsolidation of partially owned entity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element740" xlink:to="label740"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation" xlink:label="element741"/>
<label xlink:type="resource" xlink:label="label741" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation_en-US"> Deconsolidation of partially owned entity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element741" xlink:to="label741"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OfficeBuildingMember" xlink:label="element742"/>
<label xlink:type="resource" xlink:label="label742" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OfficeBuildingMember_en-US"> Office Building [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element742" xlink:to="label742"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="element743"/>
<label xlink:type="resource" xlink:label="label743" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_en-US"> Operating Leases Future Minimum Payments Due In Five Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element743" xlink:to="label743"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="element744"/>
<label xlink:type="resource" xlink:label="label744" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_en-US"> 2019 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element744" xlink:to="label744"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract" xlink:label="element745"/>
<label xlink:type="resource" xlink:label="label745" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueAbstract_en-US"> Operating Leases Future Minimum Payments Due [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element745" xlink:to="label745"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:label="element746"/>
<label xlink:type="resource" xlink:label="label746" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingExpensesAbstract_en-US"> EXPENSES: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element746" xlink:to="label746"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="element747"/>
<label xlink:type="resource" xlink:label="label747" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingExpenses_en-US"> Operating Expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element747" xlink:to="label747"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="element748"/>
<label xlink:type="resource" xlink:label="label748" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OperatingExpenses_en-US"> Total expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element748" xlink:to="label748"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="element749"/>
<label xlink:type="resource" xlink:label="label749" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OperatingExpenses_en-US"> Total expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element749" xlink:to="label749"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="element750"/>
<label xlink:type="resource" xlink:label="label750" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_en-US"> Operating Leases Future Minimum Payments Due In Four Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element750" xlink:to="label750"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="element751"/>
<label xlink:type="resource" xlink:label="label751" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_en-US"> 2018 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element751" xlink:to="label751"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:label="element752"/>
<label xlink:type="resource" xlink:label="label752" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_en-US"> Property rentals </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element752" xlink:to="label752"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:label="element753"/>
<label xlink:type="resource" xlink:label="label753" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_en-US"> Total rentals </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element753" xlink:to="label753"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:label="element754"/>
<label xlink:type="resource" xlink:label="label754" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_en-US"> Total rentals </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element754" xlink:to="label754"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="element755"/>
<label xlink:type="resource" xlink:label="label755" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_en-US"> Operating Leases Future Minimum Payments Receivable In Four Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element755" xlink:to="label755"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="element756"/>
<label xlink:type="resource" xlink:label="label756" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_en-US"> 2018 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element756" xlink:to="label756"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="element757"/>
<label xlink:type="resource" xlink:label="label757" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_en-US"> Operating Leases Future Minimum Payments Due In Three Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element757" xlink:to="label757"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="element758"/>
<label xlink:type="resource" xlink:label="label758" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_en-US"> 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element758" xlink:to="label758"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="element759"/>
<label xlink:type="resource" xlink:label="label759" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_en-US"> Operating Leases Future Minimum Payments Receivable In Two Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element759" xlink:to="label759"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="element760"/>
<label xlink:type="resource" xlink:label="label760" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_en-US"> 2016 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element760" xlink:to="label760"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="element761"/>
<label xlink:type="resource" xlink:label="label761" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_en-US"> Operating Leases Future Minimum Payments Due In Two Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element761" xlink:to="label761"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="element762"/>
<label xlink:type="resource" xlink:label="label762" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_en-US"> 2016 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element762" xlink:to="label762"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:label="element763"/>
<label xlink:type="resource" xlink:label="label763" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_en-US"> Operating Leases Future Minimum Payments Receivable Thereafter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element763" xlink:to="label763"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter" xlink:label="element764"/>
<label xlink:type="resource" xlink:label="label764" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_en-US"> Thereafter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element764" xlink:to="label764"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="element765"/>
<label xlink:type="resource" xlink:label="label765" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingIncomeLoss_en-US"> Operating income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element765" xlink:to="label765"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="element766"/>
<label xlink:type="resource" xlink:label="label766" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OperatingIncomeLoss_en-US"> Operating income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element766" xlink:to="label766"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="element767"/>
<label xlink:type="resource" xlink:label="label767" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OperatingIncomeLoss_en-US"> Operating income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element767" xlink:to="label767"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:label="element768"/>
<label xlink:type="resource" xlink:label="label768" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_en-US"> Operating Leases Future Minimum Payments Receivable Current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element768" xlink:to="label768"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent" xlink:label="element769"/>
<label xlink:type="resource" xlink:label="label769" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableCurrent_en-US"> 2015 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element769" xlink:to="label769"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="element770"/>
<label xlink:type="resource" xlink:label="label770" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_en-US"> Operating Leases Future Minimum Payments Due Thereafter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element770" xlink:to="label770"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="element771"/>
<label xlink:type="resource" xlink:label="label771" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_en-US"> Thereafter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element771" xlink:to="label771"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingCostsAndExpenses" xlink:label="element772"/>
<label xlink:type="resource" xlink:label="label772" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingCostsAndExpenses_en-US"> Operating </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element772" xlink:to="label772"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingCostsAndExpenses" xlink:label="element773"/>
<label xlink:type="resource" xlink:label="label773" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OperatingCostsAndExpenses_en-US"> Operating Expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element773" xlink:to="label773"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingCostsAndExpenses" xlink:label="element774"/>
<label xlink:type="resource" xlink:label="label774" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OperatingCostsAndExpenses_en-US"> Operating Expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element774" xlink:to="label774"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingCostsAndExpenses" xlink:label="element775"/>
<label xlink:type="resource" xlink:label="label775" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingCostsAndExpenses_en-US"> Operating expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element775" xlink:to="label775"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="element776"/>
<label xlink:type="resource" xlink:label="label776" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_en-US"> Operating Leases Future Minimum Payments Receivable In Five Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element776" xlink:to="label776"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="element777"/>
<label xlink:type="resource" xlink:label="label777" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_en-US"> 2019 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element777" xlink:to="label777"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract" xlink:label="element778"/>
<label xlink:type="resource" xlink:label="label778" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableAbstract_en-US"> Operating Leases Future Minimum Payments Receivable [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element778" xlink:to="label778"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:label="element779"/>
<label xlink:type="resource" xlink:label="label779" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingSegmentsMember_en-US"> Operating Segments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element779" xlink:to="label779"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="element780"/>
<label xlink:type="resource" xlink:label="label780" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_en-US"> Operating Leases Future Minimum Payments Due Current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element780" xlink:to="label780"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="element781"/>
<label xlink:type="resource" xlink:label="label781" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_en-US"> 2015 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element781" xlink:to="label781"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesRentExpenseMinimumRentals" xlink:label="element782"/>
<label xlink:type="resource" xlink:label="label782" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesRentExpenseMinimumRentals_en-US"> Operating Leases Rent Expense Minimum Rentals </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element782" xlink:to="label782"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesRentExpenseMinimumRentals" xlink:label="element783"/>
<label xlink:type="resource" xlink:label="label783" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OperatingLeasesRentExpenseMinimumRentals_en-US"> Rent Expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element783" xlink:to="label783"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="element784"/>
<label xlink:type="resource" xlink:label="label784" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_en-US"> Operating Leases Future Minimum Payments Receivable In Three Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element784" xlink:to="label784"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="element785"/>
<label xlink:type="resource" xlink:label="label785" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_en-US"> 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element785" xlink:to="label785"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="element786"/>
<label xlink:type="resource" xlink:label="label786" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_en-US"> Organization and Business [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element786" xlink:to="label786"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OriginationOfNotesReceivableFromRelatedParties" xlink:label="element787"/>
<label xlink:type="resource" xlink:label="label787" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OriginationOfNotesReceivableFromRelatedParties_en-US"> Origination of Notes Receivable from Related Parties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element787" xlink:to="label787"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OriginationOfNotesReceivableFromRelatedParties" xlink:label="element788"/>
<label xlink:type="resource" xlink:label="label788" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OriginationOfNotesReceivableFromRelatedParties_en-US"> Loan to officer </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element788" xlink:to="label788"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OriginationOfNotesReceivableFromRelatedParties" xlink:label="element789"/>
<label xlink:type="resource" xlink:label="label789" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OriginationOfNotesReceivableFromRelatedParties_en-US"> Loan to officer </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element789" xlink:to="label789"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities" xlink:label="element790"/>
<label xlink:type="resource" xlink:label="label790" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities_en-US"> Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element790" xlink:to="label790"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities" xlink:label="element791"/>
<label xlink:type="resource" xlink:label="label791" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities_en-US"> Impairment loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element791" xlink:to="label791"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax" xlink:label="element792"/>
<label xlink:type="resource" xlink:label="label792" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax_en-US"> Other Comprehensive Income (Loss), Reclassification Adjustment for Write-down of Securities Included in Net Income, Net of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element792" xlink:to="label792"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax" xlink:label="element793"/>
<label xlink:type="resource" xlink:label="label793" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax_en-US"> Non-cash impairment loss on J.C. Penney common shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element793" xlink:to="label793"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax" xlink:label="element794"/>
<label xlink:type="resource" xlink:label="label794" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax_en-US"> Impairment loss on J.C. Penney owned shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element794" xlink:to="label794"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="element795"/>
<label xlink:type="resource" xlink:label="label795" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeLossNetOfTax_en-US"> Other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element795" xlink:to="label795"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="element796"/>
<label xlink:type="resource" xlink:label="label796" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossNetOfTax_en-US"> Other Comprehensive Income (Loss), Net of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element796" xlink:to="label796"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="element797"/>
<label xlink:type="resource" xlink:label="label797" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OtherComprehensiveIncomeLossNetOfTax_en-US"> Other Comprehensive Income (Loss), Net of Tax, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element797" xlink:to="label797"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="element798"/>
<label xlink:type="resource" xlink:label="label798" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherComprehensiveIncomeLossNetOfTax_en-US"> Net current period OCI </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element798" xlink:to="label798"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherPropertyMember" xlink:label="element799"/>
<label xlink:type="resource" xlink:label="label799" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherPropertyMember_en-US"> Other Real Estate And Related Investments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element799" xlink:to="label799"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="element800"/>
<label xlink:type="resource" xlink:label="label800" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US"> Gain on sale of securities available-for-sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element800" xlink:to="label800"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="element801"/>
<label xlink:type="resource" xlink:label="label801" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US"> Sale of available-for-sale securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element801" xlink:to="label801"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="element802"/>
<label xlink:type="resource" xlink:label="label802" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xml:lang="en-US" id="NegatedTerse_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US"> Amounts reclassified related to sale of available-for-sale securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element802" xlink:to="label802"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="element803"/>
<label xlink:type="resource" xlink:label="label803" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_en-US"> Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element803" xlink:to="label803"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="element804"/>
<label xlink:type="resource" xlink:label="label804" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_en-US"> Losses from the disposition of investment in J.C. Penney </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element804" xlink:to="label804"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="element805"/>
<label xlink:type="resource" xlink:label="label805" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_en-US"> Non-cash impairment losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element805" xlink:to="label805"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet" xlink:label="element806"/>
<label xlink:type="resource" xlink:label="label806" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet_en-US"> Losses from the disposition of investment in J.C. Penney </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element806" xlink:to="label806"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:label="element807"/>
<label xlink:type="resource" xlink:label="label807" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_en-US"> Other Comprehensive Income Loss Before Reclassifications Net Of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element807" xlink:to="label807"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:label="element808"/>
<label xlink:type="resource" xlink:label="label808" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_en-US"> OCI before reclassifications </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element808" xlink:to="label808"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax" xlink:label="element809"/>
<label xlink:type="resource" xlink:label="label809" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_en-US"> Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element809" xlink:to="label809"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax" xlink:label="element810"/>
<label xlink:type="resource" xlink:label="label810" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax_en-US"> Change in value of interest rate swap </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element810" xlink:to="label810"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:label="element811"/>
<label xlink:type="resource" xlink:label="label811" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_en-US"> Change in pension plans </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element811" xlink:to="label811"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssets" xlink:label="element812"/>
<label xlink:type="resource" xlink:label="label812" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherAssets_en-US"> Other assets, </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element812" xlink:to="label812"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssets" xlink:label="element813"/>
<label xlink:type="resource" xlink:label="label813" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherAssets_en-US"> Other assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element813" xlink:to="label813"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssets" xlink:label="element814"/>
<label xlink:type="resource" xlink:label="label814" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OtherAssets_en-US"> Other assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element814" xlink:to="label814"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="element815"/>
<label xlink:type="resource" xlink:label="label815" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherNoncashIncomeExpense_en-US"> Other non-cash adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element815" xlink:to="label815"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="element816"/>
<label xlink:type="resource" xlink:label="label816" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OtherNoncashIncomeExpense_en-US"> Other non-cash adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element816" xlink:to="label816"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="element817"/>
<label xlink:type="resource" xlink:label="label817" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_en-US"> Other comprehensive income (loss): </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element817" xlink:to="label817"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="element818"/>
<label xlink:type="resource" xlink:label="label818" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_en-US"> Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element818" xlink:to="label818"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="element819"/>
<label xlink:type="resource" xlink:label="label819" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_en-US"> Change in unrealized net gain (loss) on securities available-for-sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element819" xlink:to="label819"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="element820"/>
<label xlink:type="resource" xlink:label="label820" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherNonoperatingIncomeExpense_en-US"> Other, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element820" xlink:to="label820"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="element821"/>
<label xlink:type="resource" xlink:label="label821" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OtherLiabilities_en-US"> Other liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element821" xlink:to="label821"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="element822"/>
<label xlink:type="resource" xlink:label="label822" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherLiabilities_en-US"> Other liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element822" xlink:to="label822"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherNotesPayable" xlink:label="element823"/>
<label xlink:type="resource" xlink:label="label823" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherNotesPayable_en-US"> Other Notes Payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element823" xlink:to="label823"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherNotesPayable" xlink:label="element824"/>
<label xlink:type="resource" xlink:label="label824" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherNotesPayable_en-US"> Mezzanine loan financing (in US Dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element824" xlink:to="label824"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherRealEstateRevenue" xlink:label="element825"/>
<label xlink:type="resource" xlink:label="label825" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherRealEstateRevenue_en-US"> Other income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element825" xlink:to="label825"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherRealEstateRevenue" xlink:label="element826"/>
<label xlink:type="resource" xlink:label="label826" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherRealEstateRevenue_en-US"> Other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element826" xlink:to="label826"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherRealEstateRevenue" xlink:label="element827"/>
<label xlink:type="resource" xlink:label="label827" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherRealEstateRevenue_en-US"> Other Real Estate Revenue </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element827" xlink:to="label827"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherShortTermInvestments" xlink:label="element828"/>
<label xlink:type="resource" xlink:label="label828" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherShortTermInvestments_en-US"> Short-term investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element828" xlink:to="label828"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherInvestmentCompaniesMember" xlink:label="element829"/>
<label xlink:type="resource" xlink:label="label829" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherInvestmentCompaniesMember_en-US"> Other Investment Companies [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element829" xlink:to="label829"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherInvestmentsMember" xlink:label="element830"/>
<label xlink:type="resource" xlink:label="label830" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherInvestmentsMember_en-US"> Other Investments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element830" xlink:to="label830"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" xlink:label="element831"/>
<label xlink:type="resource" xlink:label="label831" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_en-US"> Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element831" xlink:to="label831"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" xlink:label="element832"/>
<label xlink:type="resource" xlink:label="label832" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xml:lang="en-US" id="NegatedTerse_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_en-US"> Redeemable noncontrolling interests' share of above adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element832" xlink:to="label832"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" xlink:label="element833"/>
<label xlink:type="resource" xlink:label="label833" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_en-US"> Other comprehensive income (loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element833" xlink:to="label833"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParentMember" xlink:label="element834"/>
<label xlink:type="resource" xlink:label="label834" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ParentMember_en-US"> Parent [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element834" xlink:to="label834"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic" xlink:label="element835"/>
<label xlink:type="resource" xlink:label="label835" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic_en-US"> Earnings Allocated To Unvested Participating Securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element835" xlink:to="label835"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic" xlink:label="element836"/>
<label xlink:type="resource" xlink:label="label836" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic_en-US"> Earnings allocated to unvested participating securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element836" xlink:to="label836"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions" xlink:label="element837"/>
<label xlink:type="resource" xlink:label="label837" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions_en-US"> Deposits in connection with real estate acquisitions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element837" xlink:to="label837"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions" xlink:label="element838"/>
<label xlink:type="resource" xlink:label="label838" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForProceedsFromDepositsOnRealEstateAcquisitions_en-US"> Deposits in connection with real estate acquisitions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element838" xlink:to="label838"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDebtExtinguishmentCosts" xlink:label="element839"/>
<label xlink:type="resource" xlink:label="label839" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsOfDebtExtinguishmentCosts_en-US"> Penalty on early repayment of loan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element839" xlink:to="label839"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:label="element840"/>
<label xlink:type="resource" xlink:label="label840" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_en-US"> Purchase Of Outstanding Preferred Units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element840" xlink:to="label840"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:label="element841"/>
<label xlink:type="resource" xlink:label="label841" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_en-US"> Purchase of outstanding preferred units and shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element841" xlink:to="label841"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:label="element842"/>
<label xlink:type="resource" xlink:label="label842" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock_en-US"> Purchases of outstanding preferred units and shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element842" xlink:to="label842"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForConstructionInProcess" xlink:label="element843"/>
<label xlink:type="resource" xlink:label="label843" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForConstructionInProcess_en-US"> Development costs and construction in progress </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element843" xlink:to="label843"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForConstructionInProcess" xlink:label="element844"/>
<label xlink:type="resource" xlink:label="label844" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsForConstructionInProcess_en-US"> Payments For Construction In Process </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element844" xlink:to="label844"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForCapitalImprovements" xlink:label="element845"/>
<label xlink:type="resource" xlink:label="label845" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsForCapitalImprovements_en-US"> Additions to real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element845" xlink:to="label845"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForCapitalImprovements" xlink:label="element846"/>
<label xlink:type="resource" xlink:label="label846" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForCapitalImprovements_en-US"> Additions to real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element846" xlink:to="label846"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="element847"/>
<label xlink:type="resource" xlink:label="label847" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsOfDividendsMinorityInterest_en-US"> Distributions to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element847" xlink:to="label847"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="element848"/>
<label xlink:type="resource" xlink:label="label848" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsOfDividendsMinorityInterest_en-US"> Distributions to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element848" xlink:to="label848"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="element849"/>
<label xlink:type="resource" xlink:label="label849" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_en-US"> Payments Of Dividends Preferred Stock And Preference Stock </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element849" xlink:to="label849"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="element850"/>
<label xlink:type="resource" xlink:label="label850" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_en-US"> Dividends paid on preferred shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element850" xlink:to="label850"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="element851"/>
<label xlink:type="resource" xlink:label="label851" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_en-US"> Dividends paid on preferred shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element851" xlink:to="label851"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="element852"/>
<label xlink:type="resource" xlink:label="label852" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireMarketableSecurities_en-US"> Purchases of marketable securities including J.C. Penney common shares and other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element852" xlink:to="label852"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="element853"/>
<label xlink:type="resource" xlink:label="label853" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_us-gaap_PaymentsToAcquireMarketableSecurities_en-US"> Purchases of marketable securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element853" xlink:to="label853"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="element854"/>
<label xlink:type="resource" xlink:label="label854" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PaymentsToAcquireMarketableSecurities_en-US"> Purchases of marketable securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element854" xlink:to="label854"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="element855"/>
<label xlink:type="resource" xlink:label="label855" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireMarketableSecurities_en-US"> Payments to Acquire Marketable Securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element855" xlink:to="label855"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:label="element856"/>
<label xlink:type="resource" xlink:label="label856" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireEquityMethodInvestments_en-US"> Investments in partially owned entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element856" xlink:to="label856"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:label="element857"/>
<label xlink:type="resource" xlink:label="label857" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireEquityMethodInvestments_en-US"> Payments To Acquire Equity Method Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element857" xlink:to="label857"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:label="element858"/>
<label xlink:type="resource" xlink:label="label858" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireRealEstate_en-US"> Acquisitions of real estate and other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element858" xlink:to="label858"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:label="element859"/>
<label xlink:type="resource" xlink:label="label859" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireRealEstate_en-US"> Acquisitions of real estate and other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element859" xlink:to="label859"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="element860"/>
<label xlink:type="resource" xlink:label="label860" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireBusinessesGross_en-US"> Business Acquisition Cost Of Acquired Entity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element860" xlink:to="label860"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:label="element861"/>
<label xlink:type="resource" xlink:label="label861" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsOfDividendsCommonStock_en-US"> Dividends paid on common shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element861" xlink:to="label861"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:label="element862"/>
<label xlink:type="resource" xlink:label="label862" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsOfDividendsCommonStock_en-US"> Dividends paid on common shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element862" xlink:to="label862"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireNotesReceivable" xlink:label="element863"/>
<label xlink:type="resource" xlink:label="label863" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireNotesReceivable_en-US"> Investments in notes and mortgage loans receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element863" xlink:to="label863"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireNotesReceivable" xlink:label="element864"/>
<label xlink:type="resource" xlink:label="label864" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireNotesReceivable_en-US"> Investments in mortgage and mezzanine loans receivable and other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element864" xlink:to="label864"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDebtIssuanceCosts" xlink:label="element865"/>
<label xlink:type="resource" xlink:label="label865" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsOfDebtIssuanceCosts_en-US"> Debt issuance costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element865" xlink:to="label865"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDebtIssuanceCosts" xlink:label="element866"/>
<label xlink:type="resource" xlink:label="label866" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsOfDebtIssuanceCosts_en-US"> Debt issuance and other costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element866" xlink:to="label866"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireShortTermInvestments" xlink:label="element867"/>
<label xlink:type="resource" xlink:label="label867" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireShortTermInvestments_en-US"> Purchases of short-term investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element867" xlink:to="label867"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireShortTermInvestments" xlink:label="element868"/>
<label xlink:type="resource" xlink:label="label868" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireShortTermInvestments_en-US"> Purchases of short-term investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element868" xlink:to="label868"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PercentageRent" xlink:label="element869"/>
<label xlink:type="resource" xlink:label="label869" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PercentageRent_en-US"> Percentage Rent </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element869" xlink:to="label869"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockRedemptionDiscount" xlink:label="element870"/>
<label xlink:type="resource" xlink:label="label870" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockRedemptionDiscount_en-US"> Preferred unit and share redemptions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element870" xlink:to="label870"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockRedemptionDiscount" xlink:label="element871"/>
<label xlink:type="resource" xlink:label="label871" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockRedemptionDiscount_en-US"> Preferred Stock Redemption Discount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element871" xlink:to="label871"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockRedemptionDiscount" xlink:label="element872"/>
<label xlink:type="resource" xlink:label="label872" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PreferredStockRedemptionDiscount_en-US"> Preferred unit and share redemptions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element872" xlink:to="label872"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockLiquidationPreference" xlink:label="element873"/>
<label xlink:type="resource" xlink:label="label873" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockLiquidationPreference_en-US"> Preferred Stock Liquidation Preference (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element873" xlink:to="label873"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockNoParValue" xlink:label="element874"/>
<label xlink:type="resource" xlink:label="label874" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockNoParValue_en-US"> Preferred Stock, Par Value Per Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element874" xlink:to="label874"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="element875"/>
<label xlink:type="resource" xlink:label="label875" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockDividendRatePercentage_en-US"> Preferred Stock Dividend Rate Percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element875" xlink:to="label875"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="element876"/>
<label xlink:type="resource" xlink:label="label876" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockDividendRatePercentage_en-US"> Dividend Percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element876" xlink:to="label876"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element877"/>
<label xlink:type="resource" xlink:label="label877" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockValue_en-US"> Preferred shares of beneficial interest: no par value per share; authorized 110,000,000 shares; issued and outstanding 52,678,939 and 52,682,807 shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element877" xlink:to="label877"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element878"/>
<label xlink:type="resource" xlink:label="label878" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_PreferredStockValue_en-US"> Preferred Stock, Value, Issued, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element878" xlink:to="label878"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element879"/>
<label xlink:type="resource" xlink:label="label879" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_PreferredStockValue_en-US"> Preferred Stock, Value, Issued, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element879" xlink:to="label879"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element880"/>
<label xlink:type="resource" xlink:label="label880" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PreferredStockValue_en-US"> Preferred Stock, Value, Issued, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element880" xlink:to="label880"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element881"/>
<label xlink:type="resource" xlink:label="label881" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockValue_en-US"> Preferred Stock, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element881" xlink:to="label881"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockNumberOfSharesParValueAndOtherDisclosuresAbstract" xlink:label="element882"/>
<label xlink:type="resource" xlink:label="label882" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockNumberOfSharesParValueAndOtherDisclosuresAbstract_en-US"> Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element882" xlink:to="label882"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockRedemptionPremium" xlink:label="element883"/>
<label xlink:type="resource" xlink:label="label883" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PreferredStockRedemptionPremium_en-US"> Preferred share redemption premium </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element883" xlink:to="label883"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockRedemptionPremium" xlink:label="element884"/>
<label xlink:type="resource" xlink:label="label884" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockRedemptionPremium_en-US"> Preferred Stock Redemption Premium </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element884" xlink:to="label884"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="element885"/>
<label xlink:type="resource" xlink:label="label885" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockSharesIssued_en-US"> Preferred shares of beneficial interest: issued shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element885" xlink:to="label885"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="element886"/>
<label xlink:type="resource" xlink:label="label886" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PreferredStockSharesIssued_en-US"> Preferred Stock, Shares Issued, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element886" xlink:to="label886"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockRedemptionPricePerShare" xlink:label="element887"/>
<label xlink:type="resource" xlink:label="label887" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockRedemptionPricePerShare_en-US"> Preferred Stock Redemption Price Per Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element887" xlink:to="label887"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="element888"/>
<label xlink:type="resource" xlink:label="label888" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockSharesAuthorized_en-US"> Preferred shares of beneficial interest: authorized shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element888" xlink:to="label888"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockDividendRatePerDollarAmount" xlink:label="element889"/>
<label xlink:type="resource" xlink:label="label889" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockDividendRatePerDollarAmount_en-US"> Preferred Stock, Dividend Rate, Per-Dollar-Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element889" xlink:to="label889"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="element890"/>
<label xlink:type="resource" xlink:label="label890" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PreferredStockDividendsIncomeStatementImpact_en-US"> Preferred share dividends </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element890" xlink:to="label890"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="element891"/>
<label xlink:type="resource" xlink:label="label891" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockDividendsIncomeStatementImpact_en-US"> Preferred Stock Dividends Income Statement Impact </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element891" xlink:to="label891"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockRedemptionAmount" xlink:label="element892"/>
<label xlink:type="resource" xlink:label="label892" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockRedemptionAmount_en-US"> Preferred Stock, Redemption Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element892" xlink:to="label892"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="element893"/>
<label xlink:type="resource" xlink:label="label893" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockSharesOutstanding_en-US"> Preferred shares of beneficial interest: outstanding shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element893" xlink:to="label893"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="element894"/>
<label xlink:type="resource" xlink:label="label894" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_PreferredStockSharesOutstanding_en-US"> Preferred Stock, Shares Outstanding, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element894" xlink:to="label894"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="element895"/>
<label xlink:type="resource" xlink:label="label895" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_PreferredStockSharesOutstanding_en-US"> Preferred Stock, Shares Outstanding, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element895" xlink:to="label895"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="element896"/>
<label xlink:type="resource" xlink:label="label896" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockMember_en-US"> Preferred Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element896" xlink:to="label896"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PriorPeriodReclassificationAdjustment" xlink:label="element897"/>
<label xlink:type="resource" xlink:label="label897" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PriorPeriodReclassificationAdjustment_en-US"> Prior Period Reclassification Adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element897" xlink:to="label897"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PriorPeriodReclassificationAdjustment" xlink:label="element898"/>
<label xlink:type="resource" xlink:label="label898" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PriorPeriodReclassificationAdjustment_en-US"> Reclassification of signage revenue from fee and other income to property rentals </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element898" xlink:to="label898"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments" xlink:label="element899"/>
<label xlink:type="resource" xlink:label="label899" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments_en-US"> Proceeds from Maturities, Prepayments and Calls of Short-term Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element899" xlink:to="label899"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments" xlink:label="element900"/>
<label xlink:type="resource" xlink:label="label900" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments_en-US"> Proceeds from maturing short-term investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element900" xlink:to="label900"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromCollectionOfNotesReceivable" xlink:label="element901"/>
<label xlink:type="resource" xlink:label="label901" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromCollectionOfNotesReceivable_en-US"> Proceeds from sales and repayments of mortgage and mezzanine loans receivable and other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element901" xlink:to="label901"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromMinorityShareholders" xlink:label="element902"/>
<label xlink:type="resource" xlink:label="label902" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromMinorityShareholders_en-US"> Proceeds From Minority Shareholders </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element902" xlink:to="label902"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromMinorityShareholders" xlink:label="element903"/>
<label xlink:type="resource" xlink:label="label903" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ProceedsFromMinorityShareholders_en-US"> Contributions from noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element903" xlink:to="label903"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:label="element904"/>
<label xlink:type="resource" xlink:label="label904" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock_en-US"> Proceeds from the issuance of preferred shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element904" xlink:to="label904"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromDivestitureOfInterestInJointVenture" xlink:label="element905"/>
<label xlink:type="resource" xlink:label="label905" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromDivestitureOfInterestInJointVenture_en-US"> Proceeds from the sale of LNR </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element905" xlink:to="label905"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromDivestitureOfInterestInJointVenture" xlink:label="element906"/>
<label xlink:type="resource" xlink:label="label906" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ProceedsFromDivestitureOfInterestInJointVenture_en-US"> Proceeds from the sale of LNR </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element906" xlink:to="label906"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromLegalSettlements" xlink:label="element907"/>
<label xlink:type="resource" xlink:label="label907" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromLegalSettlements_en-US"> Proceeds from Legal Settlements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element907" xlink:to="label907"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromPartnershipContribution" xlink:label="element908"/>
<label xlink:type="resource" xlink:label="label908" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromPartnershipContribution_en-US"> Proceeds From Partnership Contribution </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element908" xlink:to="label908"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:label="element909"/>
<label xlink:type="resource" xlink:label="label909" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_en-US"> Proceeds from Issuance of Preferred Stock and Preference Stock </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element909" xlink:to="label909"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:label="element910"/>
<label xlink:type="resource" xlink:label="label910" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_en-US"> Proceeds from the issuance of preferred shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element910" xlink:to="label910"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="element911"/>
<label xlink:type="resource" xlink:label="label911" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfLongTermDebt_en-US"> Proceeds from borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element911" xlink:to="label911"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="element912"/>
<label xlink:type="resource" xlink:label="label912" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ProceedsFromIssuanceOfLongTermDebt_en-US"> Proceeds from borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element912" xlink:to="label912"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="element913"/>
<label xlink:type="resource" xlink:label="label913" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ProceedsFromIssuanceOfLongTermDebt_en-US"> Proceeds from borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element913" xlink:to="label913"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="element914"/>
<label xlink:type="resource" xlink:label="label914" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfCommonStock_en-US"> Proceeds from issuance of common shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element914" xlink:to="label914"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="element915"/>
<label xlink:type="resource" xlink:label="label915" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromStockOptionsExercised_en-US"> Proceeds received from exercise of employee share options </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element915" xlink:to="label915"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfIntangibleAssets" xlink:label="element916"/>
<label xlink:type="resource" xlink:label="label916" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromSaleOfIntangibleAssets_en-US"> ProceedsFromSaleOfIntangibleAssets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element916" xlink:to="label916"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfIntangibleAssets" xlink:label="element917"/>
<label xlink:type="resource" xlink:label="label917" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ProceedsFromSaleOfIntangibleAssets_en-US"> Proceeds from the sale of Canadian Trade Shows </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element917" xlink:to="label917"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfNotesReceivable" xlink:label="element918"/>
<label xlink:type="resource" xlink:label="label918" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromSaleOfNotesReceivable_en-US"> Proceeds from Sale of Notes Receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element918" xlink:to="label918"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstate" xlink:label="element919"/>
<label xlink:type="resource" xlink:label="label919" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromSaleOfRealEstate_en-US"> Sale price of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element919" xlink:to="label919"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstate" xlink:label="element920"/>
<label xlink:type="resource" xlink:label="label920" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ProceedsFromSaleOfRealEstate_en-US"> Proceeds from sale of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element920" xlink:to="label920"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:label="element921"/>
<label xlink:type="resource" xlink:label="label921" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_en-US"> Proceeds from sales of, and return of investment in, marketable securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element921" xlink:to="label921"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:label="element922"/>
<label xlink:type="resource" xlink:label="label922" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_en-US"> Proceeds from sales of and return of investment in, marketable securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element922" xlink:to="label922"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="element923"/>
<label xlink:type="resource" xlink:label="label923" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_en-US"> Proceeds from sales of real estate and related investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element923" xlink:to="label923"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="element924"/>
<label xlink:type="resource" xlink:label="label924" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_en-US"> Proceeds from sales of real estate and related investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element924" xlink:to="label924"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProfitLoss" xlink:label="element925"/>
<label xlink:type="resource" xlink:label="label925" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProfitLoss_en-US"> Net income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element925" xlink:to="label925"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProfitLoss" xlink:label="element926"/>
<label xlink:type="resource" xlink:label="label926" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ProfitLoss_en-US"> Net income (loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element926" xlink:to="label926"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProfitLoss" xlink:label="element927"/>
<label xlink:type="resource" xlink:label="label927" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ProfitLoss_en-US"> Net income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element927" xlink:to="label927"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProfitLoss" xlink:label="element928"/>
<label xlink:type="resource" xlink:label="label928" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ProfitLoss_en-US"> Net income (loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element928" xlink:to="label928"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="element929"/>
<label xlink:type="resource" xlink:label="label929" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentUsefulLife_en-US"> Property Plant And Equipment Useful Life </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element929" xlink:to="label929"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyManagementFeePercentFee" xlink:label="element930"/>
<label xlink:type="resource" xlink:label="label930" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyManagementFeePercentFee_en-US"> Related Party Transaction Annual Fee Percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element930" xlink:to="label930"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyManagementFeePercentFeeDescription" xlink:label="element931"/>
<label xlink:type="resource" xlink:label="label931" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyManagementFeePercentFeeDescription_en-US"> Property Management Fee Description </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element931" xlink:to="label931"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:label="element932"/>
<label xlink:type="resource" xlink:label="label932" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentLineItems_en-US"> Property Plant And Equipment [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element932" xlink:to="label932"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyManagementFeeRevenue" xlink:label="element933"/>
<label xlink:type="resource" xlink:label="label933" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyManagementFeeRevenue_en-US"> Fee And Other Income From Related Parties (in US dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element933" xlink:to="label933"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PropertyManagementFeeRevenue" xlink:label="element934"/>
<label xlink:type="resource" xlink:label="label934" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PropertyManagementFeeRevenue_en-US"> Management fee income from Interstate Properties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element934" xlink:to="label934"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_QuarterlyFinancialDataAbstract" xlink:label="element935"/>
<label xlink:type="resource" xlink:label="label935" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_QuarterlyFinancialDataAbstract_en-US"> Quarterly Financial Data [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element935" xlink:to="label935"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_QuarterlyFinancialInformationTextBlock" xlink:label="element936"/>
<label xlink:type="resource" xlink:label="label936" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_QuarterlyFinancialInformationTextBlock_en-US"> Summary of Quarterly Results (Unaudited) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element936" xlink:to="label936"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_QuarterlyFinancialInformationDisclosureAbstract" xlink:label="element937"/>
<label xlink:type="resource" xlink:label="label937" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_QuarterlyFinancialInformationDisclosureAbstract_en-US"> Quarterly Financial Information Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element937" xlink:to="label937"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeAxis" xlink:label="element938"/>
<label xlink:type="resource" xlink:label="label938" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RangeAxis_en-US"> Range [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element938" xlink:to="label938"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RangeMember" xlink:label="element939"/>
<label xlink:type="resource" xlink:label="label939" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RangeMember_en-US"> Range [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element939" xlink:to="label939"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateMember" xlink:label="element940"/>
<label xlink:type="resource" xlink:label="label940" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateMember_en-US"> Real Estate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element940" xlink:to="label940"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciationOtherAdditions" xlink:label="element941"/>
<label xlink:type="resource" xlink:label="label941" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAccumulatedDepreciationOtherAdditions_en-US"> Real Estate Accumulated Depreciation, Other Additions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element941" xlink:to="label941"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" xlink:label="element942"/>
<label xlink:type="resource" xlink:label="label942" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand_en-US"> Real Estate And Accumulated Depreciation Carrying Amount Of Land </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element942" xlink:to="label942"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock" xlink:label="element943"/>
<label xlink:type="resource" xlink:label="label943" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock_en-US"> Equity Method Investment Summarized Financial Information [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element943" xlink:to="label943"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" xlink:label="element944"/>
<label xlink:type="resource" xlink:label="label944" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_en-US"> Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element944" xlink:to="label944"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" xlink:label="element945"/>
<label xlink:type="resource" xlink:label="label945" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements_en-US"> Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element945" xlink:to="label945"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciation" xlink:label="element946"/>
<label xlink:type="resource" xlink:label="label946" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAccumulatedDepreciation_en-US"> Real Estate And Accumulated Depreciation Accumulated Depreciation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element946" xlink:to="label946"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciation" xlink:label="element947"/>
<label xlink:type="resource" xlink:label="label947" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_RealEstateAccumulatedDepreciation_en-US"> Accumulated Depreciation, Balance at beginning of period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element947" xlink:to="label947"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciation" xlink:label="element948"/>
<label xlink:type="resource" xlink:label="label948" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_RealEstateAccumulatedDepreciation_en-US"> Accumulated Depreciation, Balance at end of period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element948" xlink:to="label948"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" xlink:label="element949"/>
<label xlink:type="resource" xlink:label="label949" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAccumulatedDepreciationRealEstateSold_en-US"> Less: Accumulated depreciation on assets sold and written-off </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element949" xlink:to="label949"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock" xlink:label="element950"/>
<label xlink:type="resource" xlink:label="label950" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock_en-US"> Real Estate And Accumulated Depreciation Disclosure [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element950" xlink:to="label950"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock" xlink:label="element951"/>
<label xlink:type="resource" xlink:label="label951" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock_en-US"> Schedule III Real Estate and Accumulated Depreciation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element951" xlink:to="label951"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateFundsMember" xlink:label="element952"/>
<label xlink:type="resource" xlink:label="label952" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateFundsMember_en-US"> Real Estate Fund [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element952" xlink:to="label952"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" xlink:label="element953"/>
<label xlink:type="resource" xlink:label="label953" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_en-US"> Real Estate Held For Development And Sale [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element953" xlink:to="label953"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1" xlink:label="element954"/>
<label xlink:type="resource" xlink:label="label954" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationLifeUsedForDepreciation1_en-US"> Real Estate And Accumulated Depreciation Life Used For Depreciation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element954" xlink:to="label954"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements" xlink:label="element955"/>
<label xlink:type="resource" xlink:label="label955" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements_en-US"> Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element955" xlink:to="label955"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:label="element956"/>
<label xlink:type="resource" xlink:label="label956" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_en-US"> Real Estate And Accumulated Depreciation Name Of Property [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element956" xlink:to="label956"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="element957"/>
<label xlink:type="resource" xlink:label="label957" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RealEstateInvestmentPropertyAtCost_en-US"> Real estate at cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element957" xlink:to="label957"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="element958"/>
<label xlink:type="resource" xlink:label="label958" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_RealEstateInvestmentPropertyAtCost_en-US"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element958" xlink:to="label958"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="element959"/>
<label xlink:type="resource" xlink:label="label959" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateInvestmentPropertyAtCost_en-US"> Real estate at cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element959" xlink:to="label959"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="element960"/>
<label xlink:type="resource" xlink:label="label960" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_RealEstateInvestmentPropertyAtCost_en-US"> Real estate, Balance at beginning period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element960" xlink:to="label960"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="element961"/>
<label xlink:type="resource" xlink:label="label961" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_RealEstateInvestmentPropertyAtCost_en-US"> Real estate, Balance at end of period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element961" xlink:to="label961"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstatePropertiesLineItems" xlink:label="element962"/>
<label xlink:type="resource" xlink:label="label962" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstatePropertiesLineItems_en-US"> Real Estate Properties [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element962" xlink:to="label962"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="element963"/>
<label xlink:type="resource" xlink:label="label963" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateInvestmentPropertyNet_en-US"> Real estate, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element963" xlink:to="label963"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="element964"/>
<label xlink:type="resource" xlink:label="label964" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_RealEstateInvestmentPropertyNet_en-US"> Real estate, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element964" xlink:to="label964"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable" xlink:label="element965"/>
<label xlink:type="resource" xlink:label="label965" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationByPropertyTable_en-US"> Real Estate And Accumulated Depreciation By Property [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element965" xlink:to="label965"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:label="element966"/>
<label xlink:type="resource" xlink:label="label966" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract_en-US"> Real Estate and Accumulated Depreciation Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element966" xlink:to="label966"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" xlink:label="element967"/>
<label xlink:type="resource" xlink:label="label967" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_en-US"> Real Estate And Accumulated Depreciation Initial Cost Of Land </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element967" xlink:to="label967"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationLineItems" xlink:label="element968"/>
<label xlink:type="resource" xlink:label="label968" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationLineItems_en-US"> Real Estate And Accumulated Depreciation [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element968" xlink:to="label968"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:label="element969"/>
<label xlink:type="resource" xlink:label="label969" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_en-US"> Real Estate And Accumulated Depreciation Description Of Property [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element969" xlink:to="label969"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:label="element970"/>
<label xlink:type="resource" xlink:label="label970" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_en-US"> Less accumulated depreciation and amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element970" xlink:to="label970"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:label="element971"/>
<label xlink:type="resource" xlink:label="label971" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_en-US"> Real Estate Investment Property, Accumulated Depreciation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element971" xlink:to="label971"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" xlink:label="element972"/>
<label xlink:type="resource" xlink:label="label972" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_en-US"> Real Estate And Accumulated Depreciation Amount Of Encumbrances </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element972" xlink:to="label972"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCostAbstract" xlink:label="element973"/>
<label xlink:type="resource" xlink:label="label973" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateInvestmentPropertyAtCostAbstract_en-US"> Real estate, at cost: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element973" xlink:to="label973"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCostAbstract" xlink:label="element974"/>
<label xlink:type="resource" xlink:label="label974" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_RealEstateInvestmentPropertyAtCostAbstract_en-US"> Real estate, at cost: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element974" xlink:to="label974"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateGrossAtCarryingValue" xlink:label="element975"/>
<label xlink:type="resource" xlink:label="label975" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateGrossAtCarryingValue_en-US"> Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element975" xlink:to="label975"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateGrossAtCarryingValue" xlink:label="element976"/>
<label xlink:type="resource" xlink:label="label976" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_RealEstateGrossAtCarryingValue_en-US"> Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element976" xlink:to="label976"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateCostOfRealEstateSold" xlink:label="element977"/>
<label xlink:type="resource" xlink:label="label977" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateCostOfRealEstateSold_en-US"> Less: Assets sold and written-off </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element977" xlink:to="label977"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateRevenueNetAbstract" xlink:label="element978"/>
<label xlink:type="resource" xlink:label="label978" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateRevenueNetAbstract_en-US"> REVENUES: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element978" xlink:to="label978"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateRevenueNet" xlink:label="element979"/>
<label xlink:type="resource" xlink:label="label979" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateRevenueNet_en-US"> Total Revenues </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element979" xlink:to="label979"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateRevenueNet" xlink:label="element980"/>
<label xlink:type="resource" xlink:label="label980" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_RealEstateRevenueNet_en-US"> Total revenues </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element980" xlink:to="label980"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateRevenueNet" xlink:label="element981"/>
<label xlink:type="resource" xlink:label="label981" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RealEstateRevenueNet_en-US"> Revenues </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element981" xlink:to="label981"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateImprovements" xlink:label="element982"/>
<label xlink:type="resource" xlink:label="label982" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateImprovements_en-US"> Additions during the period: Buildings & improvements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element982" xlink:to="label982"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateOtherAcquisitions" xlink:label="element983"/>
<label xlink:type="resource" xlink:label="label983" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateOtherAcquisitions_en-US"> Additions during the period: Land </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element983" xlink:to="label983"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstatePolicyTextBlock" xlink:label="element984"/>
<label xlink:type="resource" xlink:label="label984" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstatePolicyTextBlock_en-US"> Real Estate [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element984" xlink:to="label984"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy" xlink:label="element985"/>
<label xlink:type="resource" xlink:label="label985" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy_en-US"> Allowance For Doubtful Accounts [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element985" xlink:to="label985"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="element986"/>
<label xlink:type="resource" xlink:label="label986" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ReceivablesAbstract_en-US"> Mezzanine Loans Receivable [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element986" xlink:to="label986"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:label="element987"/>
<label xlink:type="resource" xlink:label="label987" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_en-US"> Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element987" xlink:to="label987"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:label="element988"/>
<label xlink:type="resource" xlink:label="label988" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_en-US"> Amounts reclassified from AOCI </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element988" xlink:to="label988"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:label="element990"/>
<label xlink:type="resource" xlink:label="label990" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward_en-US"> Reconciliation Of Real Estate Accumulated Depreciation Roll Forward </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element990" xlink:to="label990"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmountAbstract" xlink:label="element991"/>
<label xlink:type="resource" xlink:label="label991" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmountAbstract_en-US"> Redeemable noncontrolling interests: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element991" xlink:to="label991"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount" xlink:label="element992"/>
<label xlink:type="resource" xlink:label="label992" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount_en-US"> Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element992" xlink:to="label992"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount" xlink:label="element993"/>
<label xlink:type="resource" xlink:label="label993" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount_en-US"> Series D cumulative redeemable preferred units - 1 unit outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element993" xlink:to="label993"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount" xlink:label="element994"/>
<label xlink:type="resource" xlink:label="label994" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount_en-US"> Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element994" xlink:to="label994"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount" xlink:label="element995"/>
<label xlink:type="resource" xlink:label="label995" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RedeemableNoncontrollingInterestEquityCommonCarryingAmount_en-US"> Class A units - 11,365,550 and 11,292,038 units outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element995" xlink:to="label995"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestByLegalEntityTable" xlink:label="element996"/>
<label xlink:type="resource" xlink:label="label996" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RedeemableNoncontrollingInterestByLegalEntityTable_en-US"> Redeemable Noncontrolling Interest, by Legal Entity [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element996" xlink:to="label996"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestLineItems" xlink:label="element997"/>
<label xlink:type="resource" xlink:label="label997" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RedeemableNoncontrollingInterestLineItems_en-US"> Redeemable Noncontrolling Interest [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element997" xlink:to="label997"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestTableTextBlock" xlink:label="element998"/>
<label xlink:type="resource" xlink:label="label998" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RedeemableNoncontrollingInterestTableTextBlock_en-US"> Redeemable Noncontrolling Interest Table Text Block </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element998" xlink:to="label998"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestTableTextBlock" xlink:label="element999"/>
<label xlink:type="resource" xlink:label="label999" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RedeemableNoncontrollingInterestTableTextBlock_en-US"> Operating Partnership Units Held By Third Parties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element999" xlink:to="label999"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemablePreferredStockMember" xlink:label="element1000"/>
<label xlink:type="resource" xlink:label="label1000" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RedeemablePreferredStockMember_en-US"> Redeemable Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1000" xlink:to="label1000"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" xlink:label="element1001"/>
<label xlink:type="resource" xlink:label="label1001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_en-US"> Redeemable Noncontrolling Interest, Equity, Carrying Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1001" xlink:to="label1001"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" xlink:label="element1002"/>
<label xlink:type="resource" xlink:label="label1002" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_en-US"> Total redeemable noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1002" xlink:to="label1002"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" xlink:label="element1003"/>
<label xlink:type="resource" xlink:label="label1003" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_en-US"> Reedemable Noncontrolling Interest, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1003" xlink:to="label1003"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" xlink:label="element1004"/>
<label xlink:type="resource" xlink:label="label1004" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_en-US"> Reedemable Noncontrolling Interest, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1004" xlink:to="label1004"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="element1005"/>
<label xlink:type="resource" xlink:label="label1005" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_en-US"> Related Party Transactions Disclosure [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1005" xlink:to="label1005"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionTermsAndMannerOfSettlement" xlink:label="element1006"/>
<label xlink:type="resource" xlink:label="label1006" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionTermsAndMannerOfSettlement_en-US"> Related Party Transaction, Terms and Manner of Settlement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1006" xlink:to="label1006"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionDate" xlink:label="element1007"/>
<label xlink:type="resource" xlink:label="label1007" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionDate_en-US"> Related Party Transaction, Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1007" xlink:to="label1007"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="element1008"/>
<label xlink:type="resource" xlink:label="label1008" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionLineItems_en-US"> Related Party Transaction [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1008" xlink:to="label1008"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionRate" xlink:label="element1009"/>
<label xlink:type="resource" xlink:label="label1009" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionRate_en-US"> Related Party Transaction, Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1009" xlink:to="label1009"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:label="element1010"/>
<label xlink:type="resource" xlink:label="label1010" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionAmountsOfTransaction_en-US"> Related Party Transaction Amounts Of Transaction </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1010" xlink:to="label1010"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="element1011"/>
<label xlink:type="resource" xlink:label="label1011" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_en-US"> Related Party [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1011" xlink:to="label1011"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionDescriptionOfTransaction" xlink:label="element1012"/>
<label xlink:type="resource" xlink:label="label1012" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionDescriptionOfTransaction_en-US"> Related Party Transaction Description Of Transaction </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1012" xlink:to="label1012"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="element1013"/>
<label xlink:type="resource" xlink:label="label1013" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyDomain_en-US"> Related Party [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1013" xlink:to="label1013"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="element1014"/>
<label xlink:type="resource" xlink:label="label1014" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionsAbstract_en-US"> Related Party Transactions Abstract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1014" xlink:to="label1014"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentOfNotesReceivableFromRelatedParties" xlink:label="element1015"/>
<label xlink:type="resource" xlink:label="label1015" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RepaymentOfNotesReceivableFromRelatedParties_en-US"> Repayment of Notes Receivable from Related Parties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1015" xlink:to="label1015"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentOfNotesReceivableFromRelatedParties" xlink:label="element1016"/>
<label xlink:type="resource" xlink:label="label1016" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RepaymentOfNotesReceivableFromRelatedParties_en-US"> Proceeds from the repayment of loan to officer </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1016" xlink:to="label1016"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="element1017"/>
<label xlink:type="resource" xlink:label="label1017" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RepaymentsOfLongTermDebt_en-US"> Repayments of borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1017" xlink:to="label1017"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="element1018"/>
<label xlink:type="resource" xlink:label="label1018" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_RepaymentsOfLongTermDebt_en-US"> Repayments of borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1018" xlink:to="label1018"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="element1019"/>
<label xlink:type="resource" xlink:label="label1019" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_RepaymentsOfLongTermDebt_en-US"> Repayments of borrowings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1019" xlink:to="label1019"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfUnsecuredDebt" xlink:label="element1020"/>
<label xlink:type="resource" xlink:label="label1020" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RepaymentsOfUnsecuredDebt_en-US"> Redemption of senior unsecured notes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1020" xlink:to="label1020"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:label="element1021"/>
<label xlink:type="resource" xlink:label="label1021" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RestrictedCashAndCashEquivalents_en-US"> Restricted cash </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1021" xlink:to="label1021"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:label="element1022"/>
<label xlink:type="resource" xlink:label="label1022" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RestrictedCashAndCashEquivalents_en-US"> Restricted Cash And Cash Equivalents </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1022" xlink:to="label1022"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember" xlink:label="element1023"/>
<label xlink:type="resource" xlink:label="label1023" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RestrictedStockUnitsRSUMember_en-US"> Restricted Stock Units RSU [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1023" xlink:to="label1023"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="element1024"/>
<label xlink:type="resource" xlink:label="label1024" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RetainedEarningsAccumulatedDeficit_en-US"> Retained Earnings Accumulated Deficit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1024" xlink:to="label1024"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="element1025"/>
<label xlink:type="resource" xlink:label="label1025" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RetainedEarningsAccumulatedDeficit_en-US"> Earnings less than distributions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1025" xlink:to="label1025"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="element1026"/>
<label xlink:type="resource" xlink:label="label1026" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_RetainedEarningsAccumulatedDeficit_en-US"> Earnings less than distributions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1026" xlink:to="label1026"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="element1027"/>
<label xlink:type="resource" xlink:label="label1027" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_RetainedEarningsAccumulatedDeficit_en-US"> Retained Earnings (Accumulated Deficit), Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1027" xlink:to="label1027"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="element1028"/>
<label xlink:type="resource" xlink:label="label1028" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_RetainedEarningsAccumulatedDeficit_en-US"> Retained Earnings (Accumulated Deficit), Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1028" xlink:to="label1028"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="element1029"/>
<label xlink:type="resource" xlink:label="label1029" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RetainedEarningsMember_en-US"> Earnings Less Than Distributions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1029" xlink:to="label1029"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenueRecognitionPolicyTextBlock" xlink:label="element1030"/>
<label xlink:type="resource" xlink:label="label1030" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RevenueRecognitionPolicyTextBlock_en-US"> Revenue Recognition [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1030" xlink:to="label1030"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" xlink:label="element1031"/>
<label xlink:type="resource" xlink:label="label1031" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense_en-US"> Additions charged to operating expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1031" xlink:to="label1031"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsegmentsAxis" xlink:label="element1032"/>
<label xlink:type="resource" xlink:label="label1032" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SubsegmentsAxis_en-US"> Segment Breakdown [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1032" xlink:to="label1032"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsegmentsDomain" xlink:label="element1033"/>
<label xlink:type="resource" xlink:label="label1033" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SubsegmentsDomain_en-US"> Segment Breakdown [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1033" xlink:to="label1033"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StraightLineRent" xlink:label="element1034"/>
<label xlink:type="resource" xlink:label="label1034" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StraightLineRent_en-US"> Straight-lining of rental income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1034" xlink:to="label1034"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StraightLineRent" xlink:label="element1035"/>
<label xlink:type="resource" xlink:label="label1035" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_StraightLineRent_en-US"> Straight-lining of rental income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1035" xlink:to="label1035"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:label="element1036"/>
<label xlink:type="resource" xlink:label="label1036" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_en-US"> Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value 1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1036" xlink:to="label1036"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:label="element1037"/>
<label xlink:type="resource" xlink:label="label1037" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_en-US"> Options Excercisable Aggregate Intrinsic Value (in US dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1037" xlink:to="label1037"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:label="element1038"/>
<label xlink:type="resource" xlink:label="label1038" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_en-US"> Fair Value Assumptions Expected Life </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1038" xlink:to="label1038"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:label="element1039"/>
<label xlink:type="resource" xlink:label="label1039" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_en-US"> Share Based Compensation Arrangement By Share Based Payment Award Stock Options Expiration Term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1039" xlink:to="label1039"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod" xlink:label="element1040"/>
<label xlink:type="resource" xlink:label="label1040" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod_en-US"> Stock options expiration term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1040" xlink:to="label1040"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" xlink:label="element1041"/>
<label xlink:type="resource" xlink:label="label1041" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_en-US"> Options Exercisable Weighted Average Remaining Contractual Term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1041" xlink:to="label1041"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1" xlink:label="element1042"/>
<label xlink:type="resource" xlink:label="label1042" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_en-US"> Options Vested And Expected To Vest Weighted Average Remaining Contractual Term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1042" xlink:to="label1042"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="element1043"/>
<label xlink:type="resource" xlink:label="label1043" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_en-US"> Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term 1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1043" xlink:to="label1043"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="element1044"/>
<label xlink:type="resource" xlink:label="label1044" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_en-US"> Options Outstanding Weighted Average Remaining Contractual Term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1044" xlink:to="label1044"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock" xlink:label="element1045"/>
<label xlink:type="resource" xlink:label="label1045" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_en-US"> Schedule of future amortization expense of intangible assets. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1045" xlink:to="label1045"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock" xlink:label="element1046"/>
<label xlink:type="resource" xlink:label="label1046" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock_en-US"> Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1046" xlink:to="label1046"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SaleOfStockPricePerShare" xlink:label="element1047"/>
<label xlink:type="resource" xlink:label="label1047" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SaleOfStockPricePerShare_en-US"> Sale price, per share (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1047" xlink:to="label1047"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SaleOfStockPricePerShare" xlink:label="element1048"/>
<label xlink:type="resource" xlink:label="label1048" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SaleOfStockPricePerShare_en-US"> Closing share price (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1048" xlink:to="label1048"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SaleOfSubsidiaryGainLossMember" xlink:label="element1049"/>
<label xlink:type="resource" xlink:label="label1049" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SaleOfSubsidiaryGainLossMember_en-US"> Net gain on sale [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1049" xlink:to="label1049"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:label="element1050"/>
<label xlink:type="resource" xlink:label="label1050" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_en-US"> Sale of Stock, Number of Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1050" xlink:to="label1050"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SalesOfRealEstate" xlink:label="element1051"/>
<label xlink:type="resource" xlink:label="label1051" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SalesOfRealEstate_en-US"> Sales Of Real Estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1051" xlink:to="label1051"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SalesRevenueNetMember" xlink:label="element1052"/>
<label xlink:type="resource" xlink:label="label1052" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SalesRevenueNetMember_en-US"> Sales Revenue, Net [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1052" xlink:to="label1052"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:label="element1053"/>
<label xlink:type="resource" xlink:label="label1053" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScenarioUnspecifiedDomain_en-US"> Scenario, Unspecified [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1053" xlink:to="label1053"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:label="element1054"/>
<label xlink:type="resource" xlink:label="label1054" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_en-US"> Schedule Of Available For Sale Securities [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1054" xlink:to="label1054"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfRealEstatePropertiesTable" xlink:label="element1055"/>
<label xlink:type="resource" xlink:label="label1055" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfRealEstatePropertiesTable_en-US"> Schedule Of Real Estate Properties [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1055" xlink:to="label1055"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="element1056"/>
<label xlink:type="resource" xlink:label="label1056" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_en-US"> Fair Value, Measurement Inputs, Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1056" xlink:to="label1056"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="element1057"/>
<label xlink:type="resource" xlink:label="label1057" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_en-US"> Schedule of Fair Values of Financial Assets and Liabilities by Levels [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1057" xlink:to="label1057"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="element1058"/>
<label xlink:type="resource" xlink:label="label1058" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_en-US"> Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1058" xlink:to="label1058"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock" xlink:label="element1059"/>
<label xlink:type="resource" xlink:label="label1059" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_en-US"> Schedule Of Share Based Compensation Stock Options Activity [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1059" xlink:to="label1059"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:label="element1060"/>
<label xlink:type="resource" xlink:label="label1060" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_en-US"> Schedule Of Share Based Payment Award Stock Options Valuation Assumptions [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1060" xlink:to="label1060"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:label="element1061"/>
<label xlink:type="resource" xlink:label="label1061" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_en-US"> Schedule of Maturities of Long-Term Debt Table Text Block </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1061" xlink:to="label1061"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock" xlink:label="element1062"/>
<label xlink:type="resource" xlink:label="label1062" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock_en-US"> Schedule Of Future Minimum Lease Payments For Capital Leases [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1062" xlink:to="label1062"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:label="element1063"/>
<label xlink:type="resource" xlink:label="label1063" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_en-US"> Schedule of Finite-Lived Intangible Assets [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1063" xlink:to="label1063"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:label="element1064"/>
<label xlink:type="resource" xlink:label="label1064" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_en-US"> Schedule Of Future Minimum Rental Payments For Operating Leases [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1064" xlink:to="label1064"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:label="element1065"/>
<label xlink:type="resource" xlink:label="label1065" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_en-US"> Schedule Of Quarterly Financial Information Table Text Block </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1065" xlink:to="label1065"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="element1066"/>
<label xlink:type="resource" xlink:label="label1066" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_en-US"> Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1066" xlink:to="label1066"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="element1067"/>
<label xlink:type="resource" xlink:label="label1067" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_en-US"> Schedule Of Earnings Per Share Basic And Diluted [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1067" xlink:to="label1067"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" xlink:label="element1068"/>
<label xlink:type="resource" xlink:label="label1068" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_en-US"> Schedule Of Sharebased Compensation Restricted Stock And Restricted Stock Units Activity [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1068" xlink:to="label1068"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfMultiemployerPlansTable" xlink:label="element1069"/>
<label xlink:type="resource" xlink:label="label1069" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfMultiemployerPlansTable_en-US"> Schedule Of Multiemployer Plans [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1069" xlink:to="label1069"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:label="element1070"/>
<label xlink:type="resource" xlink:label="label1070" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_en-US"> Schedule of Identified Intangible Assets and Intangible Liabilities (Table) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1070" xlink:to="label1070"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:label="element1071"/>
<label xlink:type="resource" xlink:label="label1071" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_en-US"> Schedule of Finite-Lived Intangible Assets by Major Class [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1071" xlink:to="label1071"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:label="element1072"/>
<label xlink:type="resource" xlink:label="label1072" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_en-US"> Schedule of Available-for-sale Securities [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1072" xlink:to="label1072"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="element1073"/>
<label xlink:type="resource" xlink:label="label1073" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_en-US"> Schedule of Business Acquisitions, by Acquisition [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1073" xlink:to="label1073"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:label="element1074"/>
<label xlink:type="resource" xlink:label="label1074" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfDebtInstrumentsTextBlock_en-US"> Schedule of Debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1074" xlink:to="label1074"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:label="element1075"/>
<label xlink:type="resource" xlink:label="label1075" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfDebtInstrumentsTextBlock_en-US"> Schedule of Long-term Debt Instruments [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1075" xlink:to="label1075"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:label="element1076"/>
<label xlink:type="resource" xlink:label="label1076" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_en-US"> Schedule Of Assets And Liabilities And Results Of Operations Related To Discontinued Operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1076" xlink:to="label1076"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:label="element1077"/>
<label xlink:type="resource" xlink:label="label1077" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_en-US"> Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1077" xlink:to="label1077"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="element1078"/>
<label xlink:type="resource" xlink:label="label1078" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_en-US"> Schedule of Equity Method Investment Equity Method Investee Name [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1078" xlink:to="label1078"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:label="element1079"/>
<label xlink:type="resource" xlink:label="label1079" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfEquityMethodInvestmentsTable_en-US"> Schedule Of Equity Method Investments [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1079" xlink:to="label1079"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:label="element1080"/>
<label xlink:type="resource" xlink:label="label1080" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_en-US"> Schedule Of Equity Method Investments [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1080" xlink:to="label1080"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems" xlink:label="element1081"/>
<label xlink:type="resource" xlink:label="label1081" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryLineItems_en-US"> Schedule of Investment Income, Reported Amounts, by Category [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1081" xlink:to="label1081"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable" xlink:label="element1082"/>
<label xlink:type="resource" xlink:label="label1082" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfInvestmentIncomeReportedAmountsByCategoryTable_en-US"> Schedule of Investment Income, Reported Amounts, by Category [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1082" xlink:to="label1082"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="element1083"/>
<label xlink:type="resource" xlink:label="label1083" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_en-US"> Segment Information </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1083" xlink:to="label1083"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="element1084"/>
<label xlink:type="resource" xlink:label="label1084" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_en-US"> Schedule of Segment Information </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1084" xlink:to="label1084"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfPreferredUnitsTextBlock" xlink:label="element1085"/>
<label xlink:type="resource" xlink:label="label1085" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfPreferredUnitsTextBlock_en-US"> Schedule Of Preferred Units [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1085" xlink:to="label1085"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="element1086"/>
<label xlink:type="resource" xlink:label="label1086" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_en-US"> Schedule Of Related Party Transactions By Related Party [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1086" xlink:to="label1086"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:label="element1087"/>
<label xlink:type="resource" xlink:label="label1087" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_en-US"> Schedule of Property, Plant and Equipment [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1087" xlink:to="label1087"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="element1088"/>
<label xlink:type="resource" xlink:label="label1088" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_en-US"> Schedule of Segment Reporting Information, by Segment [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1088" xlink:to="label1088"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock" xlink:label="element1089"/>
<label xlink:type="resource" xlink:label="label1089" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock_en-US"> Schedule Of Valuation And Qualifying Accounts Disclosure [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1089" xlink:to="label1089"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock" xlink:label="element1090"/>
<label xlink:type="resource" xlink:label="label1090" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock_en-US"> Schedule II Valuation and Qualifying Accounts </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1090" xlink:to="label1090"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable" xlink:label="element1091"/>
<label xlink:type="resource" xlink:label="label1091" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_en-US"> Schedule of Accounts, Notes, Loans and Financing Receivable [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1091" xlink:to="label1091"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="element1092"/>
<label xlink:type="resource" xlink:label="label1092" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfStockByClassTable_en-US"> Schedule Of Stock By Class [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1092" xlink:to="label1092"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:label="element1093"/>
<label xlink:type="resource" xlink:label="label1093" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_en-US"> Schedule of Variable Interest Entities [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1093" xlink:to="label1093"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="element1094"/>
<label xlink:type="resource" xlink:label="label1094" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_en-US"> Schedule Of Share Based Compensation Arrangements By Share Based Payment Award [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1094" xlink:to="label1094"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="element1095"/>
<label xlink:type="resource" xlink:label="label1095" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ScheduleOfVariableInterestEntitiesTable_en-US"> Schedule of Variable Interest Entities [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1095" xlink:to="label1095"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="element1096"/>
<label xlink:type="resource" xlink:label="label1096" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SegmentReportingAbstract_en-US"> Segment Reporting [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1096" xlink:to="label1096"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="element1097"/>
<label xlink:type="resource" xlink:label="label1097" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SegmentReportingInformationLineItems_en-US"> Segment Reporting Information [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1097" xlink:to="label1097"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentDomain" xlink:label="element1098"/>
<label xlink:type="resource" xlink:label="label1098" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SegmentDomain_en-US"> Segment [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1098" xlink:to="label1098"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="element1099"/>
<label xlink:type="resource" xlink:label="label1099" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_SegmentReportingDisclosureTextBlock_en-US"> Segment Information </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1099" xlink:to="label1099"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="element1100"/>
<label xlink:type="resource" xlink:label="label1100" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SegmentReportingDisclosureTextBlock_en-US"> Segment Reporting Disclosure [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1100" xlink:to="label1100"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentContinuingOperationsMember" xlink:label="element1101"/>
<label xlink:type="resource" xlink:label="label1101" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SegmentContinuingOperationsMember_en-US"> Income before net realized / unrealized gains (Operations) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1101" xlink:to="label1101"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="element1102"/>
<label xlink:type="resource" xlink:label="label1102" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SegmentGeographicalDomain_en-US"> Segment, Geographical [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1102" xlink:to="label1102"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SeriesAPreferredStockMember" xlink:label="element1103"/>
<label xlink:type="resource" xlink:label="label1103" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SeriesAPreferredStockMember_en-US"> Series A Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1103" xlink:to="label1103"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SeriesEPreferredStockMember" xlink:label="element1104"/>
<label xlink:type="resource" xlink:label="label1104" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SeriesEPreferredStockMember_en-US"> Series E Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1104" xlink:to="label1104"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SeriesDPreferredStockMember" xlink:label="element1105"/>
<label xlink:type="resource" xlink:label="label1105" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SeriesDPreferredStockMember_en-US"> Series D Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1105" xlink:to="label1105"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SeriesGPreferredStockMember" xlink:label="element1106"/>
<label xlink:type="resource" xlink:label="label1106" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SeriesGPreferredStockMember_en-US"> Series G Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1106" xlink:to="label1106"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SeriesHPreferredStockMember" xlink:label="element1107"/>
<label xlink:type="resource" xlink:label="label1107" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SeriesHPreferredStockMember_en-US"> Series H Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1107" xlink:to="label1107"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SeriesFPreferredStockMember" xlink:label="element1108"/>
<label xlink:type="resource" xlink:label="label1108" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SeriesFPreferredStockMember_en-US"> Series F Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1108" xlink:to="label1108"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" xlink:label="element1109"/>
<label xlink:type="resource" xlink:label="label1109" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost_en-US"> Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1109" xlink:to="label1109"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost" xlink:label="element1110"/>
<label xlink:type="resource" xlink:label="label1110" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost_en-US"> Additional Expense From Acceleration Of Vesting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1110" xlink:to="label1110"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:label="element1111"/>
<label xlink:type="resource" xlink:label="label1111" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_en-US"> Restricted Stock Granted Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1111" xlink:to="label1111"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="element1112"/>
<label xlink:type="resource" xlink:label="label1112" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_en-US"> Fair Value Of Awards Granted </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1112" xlink:to="label1112"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="element1113"/>
<label xlink:type="resource" xlink:label="label1113" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_en-US"> Units Granted Weighted Average Grant Date Fair Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1113" xlink:to="label1113"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="element1114"/>
<label xlink:type="resource" xlink:label="label1114" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_en-US"> Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1114" xlink:to="label1114"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="element1115"/>
<label xlink:type="resource" xlink:label="label1115" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_en-US"> Stock Options Granted Weighted Average Exercise Price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1115" xlink:to="label1115"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice" xlink:label="element1116"/>
<label xlink:type="resource" xlink:label="label1116" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_en-US"> Stock Options Cancelled Weighted Average Exercise Price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1116" xlink:to="label1116"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="element1117"/>
<label xlink:type="resource" xlink:label="label1117" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_en-US"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1117" xlink:to="label1117"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="element1118"/>
<label xlink:type="resource" xlink:label="label1118" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_en-US"> Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1118" xlink:to="label1118"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="element1119"/>
<label xlink:type="resource" xlink:label="label1119" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_en-US"> Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1119" xlink:to="label1119"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="element1120"/>
<label xlink:type="resource" xlink:label="label1120" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_en-US"> Units Vested </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1120" xlink:to="label1120"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="element1121"/>
<label xlink:type="resource" xlink:label="label1121" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_en-US"> Units Vested </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1121" xlink:to="label1121"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="element1122"/>
<label xlink:type="resource" xlink:label="label1122" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_en-US"> Award Vesting Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1122" xlink:to="label1122"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:label="element1123"/>
<label xlink:type="resource" xlink:label="label1123" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_en-US"> Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1123" xlink:to="label1123"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="element1124"/>
<label xlink:type="resource" xlink:label="label1124" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_en-US"> Share Based Compensation Arrangement By Share Based Payment Award [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1124" xlink:to="label1124"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1125"/>
<label xlink:type="resource" xlink:label="label1125" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_en-US"> Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, End of Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1125" xlink:to="label1125"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1126"/>
<label xlink:type="resource" xlink:label="label1126" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_en-US"> Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1126" xlink:to="label1126"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1127"/>
<label xlink:type="resource" xlink:label="label1127" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_en-US"> Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning of Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1127" xlink:to="label1127"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:label="element1128"/>
<label xlink:type="resource" xlink:label="label1128" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_en-US"> Units Cancelled Weighted Average Grant Date Fair Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1128" xlink:to="label1128"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:label="element1129"/>
<label xlink:type="resource" xlink:label="label1129" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_en-US"> Forfeited Units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1129" xlink:to="label1129"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:label="element1130"/>
<label xlink:type="resource" xlink:label="label1130" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_en-US"> Forfeited Units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1130" xlink:to="label1130"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="element1131"/>
<label xlink:type="resource" xlink:label="label1131" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_en-US"> Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1131" xlink:to="label1131"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="element1132"/>
<label xlink:type="resource" xlink:label="label1132" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_en-US"> Stock Options Exercised Weighted Average Exercise Price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1132" xlink:to="label1132"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod" xlink:label="element1133"/>
<label xlink:type="resource" xlink:label="label1133" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_en-US"> Stock Options Granted Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1133" xlink:to="label1133"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:label="element1134"/>
<label xlink:type="resource" xlink:label="label1134" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_en-US"> Options Excercisable Weighted Average Exercise Price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1134" xlink:to="label1134"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:label="element1135"/>
<label xlink:type="resource" xlink:label="label1135" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_en-US"> Fair Value Assumptions Risk Expected Dividend Yield (in percentage) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1135" xlink:to="label1135"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue" xlink:label="element1136"/>
<label xlink:type="resource" xlink:label="label1136" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_en-US"> Fair Value Of Awards Vested </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1136" xlink:to="label1136"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:label="element1137"/>
<label xlink:type="resource" xlink:label="label1137" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_en-US"> Awards Vested Weighted Average Grant Date Fair Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1137" xlink:to="label1137"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:label="element1138"/>
<label xlink:type="resource" xlink:label="label1138" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_en-US"> Options Excercisable Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1138" xlink:to="label1138"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:label="element1139"/>
<label xlink:type="resource" xlink:label="label1139" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_en-US"> Share Based Compensation Shares Available For Grant Share Based Compensation Shares Available For Grant </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1139" xlink:to="label1139"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant" xlink:label="element1140"/>
<label xlink:type="resource" xlink:label="label1140" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_en-US"> Share Based Compensation Shares Available For Grant (in Shares) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1140" xlink:to="label1140"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:label="element1141"/>
<label xlink:type="resource" xlink:label="label1141" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_en-US"> Total Intrinsic Value Of Options Excercised </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1141" xlink:to="label1141"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:label="element1142"/>
<label xlink:type="resource" xlink:label="label1142" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_en-US"> Fair Value Assumptions Expected Volatility Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1142" xlink:to="label1142"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:label="element1143"/>
<label xlink:type="resource" xlink:label="label1143" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_en-US"> Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized (in Shares) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1143" xlink:to="label1143"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:label="element1144"/>
<label xlink:type="resource" xlink:label="label1144" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_en-US"> Fair Value Assumptions Risk Free Interest Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1144" xlink:to="label1144"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="element1145"/>
<label xlink:type="resource" xlink:label="label1145" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_en-US"> Grant Date Fair Value Of Options (in dollars per shares) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1145" xlink:to="label1145"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" xlink:label="element1146"/>
<label xlink:type="resource" xlink:label="label1146" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_en-US"> Stock Options Cancelled Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1146" xlink:to="label1146"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod" xlink:label="element1147"/>
<label xlink:type="resource" xlink:label="label1147" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod_en-US"> Stock Options Cancelled Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1147" xlink:to="label1147"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="element1148"/>
<label xlink:type="resource" xlink:label="label1148" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_en-US"> Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1148" xlink:to="label1148"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="element1149"/>
<label xlink:type="resource" xlink:label="label1149" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_en-US"> Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning of Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1149" xlink:to="label1149"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="element1150"/>
<label xlink:type="resource" xlink:label="label1150" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_en-US"> Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, End of Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1150" xlink:to="label1150"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue" xlink:label="element1151"/>
<label xlink:type="resource" xlink:label="label1151" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_en-US"> Options Vested And Expected To Vest Aggregate Intrinsic Value (in US dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1151" xlink:to="label1151"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy" xlink:label="element1152"/>
<label xlink:type="resource" xlink:label="label1152" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy_en-US"> Share Based Compensation Option And Incentive Plans [Policy Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1152" xlink:to="label1152"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="element1153"/>
<label xlink:type="resource" xlink:label="label1153" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_en-US"> Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1153" xlink:to="label1153"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="element1154"/>
<label xlink:type="resource" xlink:label="label1154" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_en-US"> Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1154" xlink:to="label1154"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="element1155"/>
<label xlink:type="resource" xlink:label="label1155" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_en-US"> Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1155" xlink:to="label1155"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber" xlink:label="element1156"/>
<label xlink:type="resource" xlink:label="label1156" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_en-US"> Options Vested And Expected To Vest Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1156" xlink:to="label1156"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain" xlink:label="element1157"/>
<label xlink:type="resource" xlink:label="label1157" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_en-US"> Share Based Compensation Arrangements By Share Based Payment Award Award Type And Plan Name [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1157" xlink:to="label1157"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice" xlink:label="element1158"/>
<label xlink:type="resource" xlink:label="label1158" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_en-US"> Options Vested And Expected To Vest Weighted Average Exercise Price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1158" xlink:to="label1158"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue" xlink:label="element1159"/>
<label xlink:type="resource" xlink:label="label1159" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_en-US"> Options Outstanding Aggregate Intrinsic Value (in US dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1159" xlink:to="label1159"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares" xlink:label="element1160"/>
<label xlink:type="resource" xlink:label="label1160" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares_en-US"> Fair value of Series G convertible preferred units and Series D-13 cumulative redeemable preferred units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1160" xlink:to="label1160"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares" xlink:label="element1161"/>
<label xlink:type="resource" xlink:label="label1161" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares_en-US"> Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1161" xlink:to="label1161"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="element1162"/>
<label xlink:type="resource" xlink:label="label1162" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharesOutstanding_en-US"> Balance, shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1162" xlink:to="label1162"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="element1163"/>
<label xlink:type="resource" xlink:label="label1163" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_SharesOutstanding_en-US"> Ending balance, Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1163" xlink:to="label1163"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="element1164"/>
<label xlink:type="resource" xlink:label="label1164" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_SharesOutstanding_en-US"> Beginning balance, Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1164" xlink:to="label1164"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SignageRevenue" xlink:label="element1165"/>
<label xlink:type="resource" xlink:label="label1165" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SignageRevenue_en-US"> Signage Revenue </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1165" xlink:to="label1165"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:label="element1166"/>
<label xlink:type="resource" xlink:label="label1166" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementScenarioAxis_en-US"> Statement, Scenario [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1166" xlink:to="label1166"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable" xlink:label="element1167"/>
<label xlink:type="resource" xlink:label="label1167" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementTable_en-US"> Statement [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1167" xlink:to="label1167"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems" xlink:label="element1168"/>
<label xlink:type="resource" xlink:label="label1168" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementLineItems_en-US"> Statement [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1168" xlink:to="label1168"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="element1169"/>
<label xlink:type="resource" xlink:label="label1169" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementOfStockholdersEquityAbstract_en-US"> Statement of Stockholders' Equity [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1169" xlink:to="label1169"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="element1170"/>
<label xlink:type="resource" xlink:label="label1170" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_en-US"> Statement Of Comprehensive Income [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1170" xlink:to="label1170"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="element1171"/>
<label xlink:type="resource" xlink:label="label1171" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementGeographicalAxis_en-US"> Statement Geographical [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1171" xlink:to="label1171"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="element1172"/>
<label xlink:type="resource" xlink:label="label1172" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementOfCashFlowsAbstract_en-US"> Statement of Cash Flows [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1172" xlink:to="label1172"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="element1173"/>
<label xlink:type="resource" xlink:label="label1173" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementEquityComponentsAxis_en-US"> Statement, Equity Components [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1173" xlink:to="label1173"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="element1174"/>
<label xlink:type="resource" xlink:label="label1174" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementOfFinancialPositionAbstract_en-US"> Statement of Financial Position [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1174" xlink:to="label1174"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="element1175"/>
<label xlink:type="resource" xlink:label="label1175" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementBusinessSegmentsAxis_en-US"> Statement Business Segments [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1175" xlink:to="label1175"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="element1176"/>
<label xlink:type="resource" xlink:label="label1176" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StatementClassOfStockAxis_en-US"> Class of Stock [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1176" xlink:to="label1176"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan" xlink:label="element1177"/>
<label xlink:type="resource" xlink:label="label1177" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan_en-US"> Under dividend reinvestment plan, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1177" xlink:to="label1177"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" xlink:label="element1178"/>
<label xlink:type="resource" xlink:label="label1178" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan_en-US"> Under dividend reinvestment plan, Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1178" xlink:to="label1178"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesAcquisitions" xlink:label="element1179"/>
<label xlink:type="resource" xlink:label="label1179" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodSharesAcquisitions_en-US"> Stock Issued During Period, Shares, Acquisitions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1179" xlink:to="label1179"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesAcquisitions" xlink:label="element1180"/>
<label xlink:type="resource" xlink:label="label1180" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StockIssuedDuringPeriodSharesAcquisitions_en-US"> Upon acquisition of real estate, Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1180" xlink:to="label1180"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:label="element1181"/>
<label xlink:type="resource" xlink:label="label1181" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockRedeemedOrCalledDuringPeriodValue_en-US"> Stock Redeemed Or Called During Period Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1181" xlink:to="label1181"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:label="element1182"/>
<label xlink:type="resource" xlink:label="label1182" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StockRedeemedOrCalledDuringPeriodValue_en-US"> Redemption of preferred shares, value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1182" xlink:to="label1182"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:label="element1183"/>
<label xlink:type="resource" xlink:label="label1183" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_StockRedeemedOrCalledDuringPeriodValue_en-US"> Redemption of preferred shares, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1183" xlink:to="label1183"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:label="element1184"/>
<label xlink:type="resource" xlink:label="label1184" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockRedeemedOrCalledDuringPeriodShares_en-US"> Stock Redeemed Or Called During Period Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1184" xlink:to="label1184"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:label="element1185"/>
<label xlink:type="resource" xlink:label="label1185" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xml:lang="en-US" id="NegatedTerse_us-gaap_StockRedeemedOrCalledDuringPeriodShares_en-US"> Redemption of preferred shares, Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1185" xlink:to="label1185"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan" xlink:label="element1186"/>
<label xlink:type="resource" xlink:label="label1186" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan_en-US"> Under Omnibus share plan, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1186" xlink:to="label1186"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:label="element1187"/>
<label xlink:type="resource" xlink:label="label1187" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueAcquisitions_en-US"> Stock Issued During Period, Value, Acquisitions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1187" xlink:to="label1187"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueAcquisitions" xlink:label="element1188"/>
<label xlink:type="resource" xlink:label="label1188" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StockIssuedDuringPeriodValueAcquisitions_en-US"> Upon acquisition of real estate, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1188" xlink:to="label1188"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:label="element1189"/>
<label xlink:type="resource" xlink:label="label1189" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_en-US"> Conversion Of Series Preferred Shares To Common Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1189" xlink:to="label1189"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:label="element1190"/>
<label xlink:type="resource" xlink:label="label1190" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_en-US"> Conversion of Series A preferred shares to common shares, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1190" xlink:to="label1190"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:label="element1191"/>
<label xlink:type="resource" xlink:label="label1191" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_en-US"> Conversion of Series A preferred shares to common shares, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1191" xlink:to="label1191"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits" xlink:label="element1192"/>
<label xlink:type="resource" xlink:label="label1192" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits_en-US"> Upon redemption of Class A units, at redemption value, Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1192" xlink:to="label1192"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan" xlink:label="element1193"/>
<label xlink:type="resource" xlink:label="label1193" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan_en-US"> Under Omnibus share plan, Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1193" xlink:to="label1193"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" xlink:label="element1194"/>
<label xlink:type="resource" xlink:label="label1194" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueConversionOfUnits_en-US"> Common shares issued upon redemption of Class A units at redemption value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1194" xlink:to="label1194"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" xlink:label="element1195"/>
<label xlink:type="resource" xlink:label="label1195" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_StockIssuedDuringPeriodValueConversionOfUnits_en-US"> Conversion of Class A redeemable units into common shares, at redemption value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1195" xlink:to="label1195"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" xlink:label="element1196"/>
<label xlink:type="resource" xlink:label="label1196" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StockIssuedDuringPeriodValueConversionOfUnits_en-US"> Conversion of Class A redeemable units into common shares, at redemption value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1196" xlink:to="label1196"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfUnits" xlink:label="element1197"/>
<label xlink:type="resource" xlink:label="label1197" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_StockIssuedDuringPeriodValueConversionOfUnits_en-US"> Upon redemption of Class A units, at redemption value, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1197" xlink:to="label1197"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="element1198"/>
<label xlink:type="resource" xlink:label="label1198" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_en-US"> Deferred compensation shares and options, Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1198" xlink:to="label1198"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="element1199"/>
<label xlink:type="resource" xlink:label="label1199" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_en-US"> Stock Options Exercised Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1199" xlink:to="label1199"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="element1200"/>
<label xlink:type="resource" xlink:label="label1200" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_en-US"> Stock Options Exercised Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1200" xlink:to="label1200"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="element1201"/>
<label xlink:type="resource" xlink:label="label1201" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_StockIssuedDuringPeriodSharesNewIssues_en-US"> Issuance of preferred shares, Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1201" xlink:to="label1201"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="element1202"/>
<label xlink:type="resource" xlink:label="label1202" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodSharesNewIssues_en-US"> Stock Issued During Period, Shares, New Issues </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1202" xlink:to="label1202"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:label="element1203"/>
<label xlink:type="resource" xlink:label="label1203" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_en-US"> Conversion Of Series Preferred Shares To Common Shares Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1203" xlink:to="label1203"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:label="element1204"/>
<label xlink:type="resource" xlink:label="label1204" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_en-US"> Conversion Of Series A preferred shares to common shares, Shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1204" xlink:to="label1204"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:label="element1205"/>
<label xlink:type="resource" xlink:label="label1205" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_en-US"> Deferred compensation shares and options, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1205" xlink:to="label1205"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockDividend" xlink:label="element1206"/>
<label xlink:type="resource" xlink:label="label1206" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueStockDividend_en-US"> Stock Issued During Period Value Stock Dividend </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1206" xlink:to="label1206"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockDividend" xlink:label="element1207"/>
<label xlink:type="resource" xlink:label="label1207" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StockIssuedDuringPeriodValueStockDividend_en-US"> Dividends paid in common shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1207" xlink:to="label1207"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="element1208"/>
<label xlink:type="resource" xlink:label="label1208" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockIssuedDuringPeriodValueNewIssues_en-US"> Issuance of preferred shares, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1208" xlink:to="label1208"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityOther" xlink:label="element1209"/>
<label xlink:type="resource" xlink:label="label1209" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockholdersEquityOther_en-US"> Other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1209" xlink:to="label1209"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityOther" xlink:label="element1210"/>
<label xlink:type="resource" xlink:label="label1210" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_StockholdersEquityOther_en-US"> Other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1210" xlink:to="label1210"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityOther" xlink:label="element1211"/>
<label xlink:type="resource" xlink:label="label1211" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_StockholdersEquityOther_en-US"> Other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1211" xlink:to="label1211"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="element1212"/>
<label xlink:type="resource" xlink:label="label1212" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockholdersEquityAbstract_en-US"> Vornado shareholders' equity: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1212" xlink:to="label1212"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="element1213"/>
<label xlink:type="resource" xlink:label="label1213" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockholdersEquity_en-US"> Total Vornado shareholders' equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1213" xlink:to="label1213"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="element1214"/>
<label xlink:type="resource" xlink:label="label1214" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_StockholdersEquity_en-US"> Total Vornado shareholders' equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1214" xlink:to="label1214"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="element1215"/>
<label xlink:type="resource" xlink:label="label1215" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_StockholdersEquity_en-US"> Stockholders' Equity Attributable to Parent, Ending Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1215" xlink:to="label1215"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="element1216"/>
<label xlink:type="resource" xlink:label="label1216" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_StockholdersEquity_en-US"> Stockholders' Equity Attributable to Parent, Beginning Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1216" xlink:to="label1216"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element1217"/>
<label xlink:type="resource" xlink:label="label1217" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_en-US"> Total equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1217" xlink:to="label1217"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element1218"/>
<label xlink:type="resource" xlink:label="label1218" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_en-US"> Ending balance, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1218" xlink:to="label1218"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element1219"/>
<label xlink:type="resource" xlink:label="label1219" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_en-US"> Beginning balance, Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1219" xlink:to="label1219"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element1220"/>
<label xlink:type="resource" xlink:label="label1220" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_en-US"> Total equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1220" xlink:to="label1220"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityNoteAbstract" xlink:label="element1221"/>
<label xlink:type="resource" xlink:label="label1221" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockholdersEquityNoteAbstract_en-US"> Sharholders Equity [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1221" xlink:to="label1221"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="element1222"/>
<label xlink:type="resource" xlink:label="label1222" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_StockholdersEquityNoteDisclosureTextBlock_en-US"> Stockholders Equity Note Disclosure Text Block </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1222" xlink:to="label1222"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="element1223"/>
<label xlink:type="resource" xlink:label="label1223" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_StockholdersEquityNoteDisclosureTextBlock_en-US"> Shareholders' Equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1223" xlink:to="label1223"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="element1224"/>
<label xlink:type="resource" xlink:label="label1224" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SubsequentEventsTextBlock_en-US"> Subsequent Events [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1224" xlink:to="label1224"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="element1225"/>
<label xlink:type="resource" xlink:label="label1225" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SubsequentEventsAbstract_en-US"> Subsequent Events [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1225" xlink:to="label1225"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTable" xlink:label="element1226"/>
<label xlink:type="resource" xlink:label="label1226" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SubsequentEventTable_en-US"> Subsequent Event [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1226" xlink:to="label1226"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:label="element1227"/>
<label xlink:type="resource" xlink:label="label1227" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SubsequentEventLineItems_en-US"> Subsequent Events [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1227" xlink:to="label1227"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="element1228"/>
<label xlink:type="resource" xlink:label="label1228" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SubsequentEventMember_en-US"> Subsequent Event [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1228" xlink:to="label1228"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="element1229"/>
<label xlink:type="resource" xlink:label="label1229" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SubsequentEventTypeDomain_en-US"> Subsequent Event Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1229" xlink:to="label1229"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="element1230"/>
<label xlink:type="resource" xlink:label="label1230" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SubsequentEventTypeAxis_en-US"> Subsequent Event Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1230" xlink:to="label1230"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SummaryOfDerivativeInstrumentsAbstract" xlink:label="element1231"/>
<label xlink:type="resource" xlink:label="label1231" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SummaryOfDerivativeInstrumentsAbstract_en-US"> Summary Of Derivative Instruments [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1231" xlink:to="label1231"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="element1232"/>
<label xlink:type="resource" xlink:label="label1232" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SupplementalCashFlowInformationAbstract_en-US"> Supplemental Disclosure Of Cash Flow Information: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1232" xlink:to="label1232"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SwapMember" xlink:label="element1233"/>
<label xlink:type="resource" xlink:label="label1233" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SwapMember_en-US"> Swap [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1233" xlink:to="label1233"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions" xlink:label="element1234"/>
<label xlink:type="resource" xlink:label="label1234" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions_en-US"> Tax Adjustments, Settlements, and Unusual Provisions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1234" xlink:to="label1234"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TemporaryEquitySharesOutstanding" xlink:label="element1235"/>
<label xlink:type="resource" xlink:label="label1235" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_TemporaryEquitySharesOutstanding_en-US"> Temporary Equity, Shares Outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1235" xlink:to="label1235"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TemporaryEquitySharesOutstanding" xlink:label="element1236"/>
<label xlink:type="resource" xlink:label="label1236" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_TemporaryEquitySharesOutstanding_en-US"> Outstanding Partnership Units held by Third Parties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1236" xlink:to="label1236"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TemporaryEquitySharesOutstanding" xlink:label="element1237"/>
<label xlink:type="resource" xlink:label="label1237" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_TemporaryEquitySharesOutstanding_en-US"> Redeemable noncontrolling interests units outstanding, Class A units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1237" xlink:to="label1237"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TemporaryEquitySharesOutstanding" xlink:label="element1238"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TemporaryEquityLiquidationPreferencePerShare" xlink:label="element1242"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TemporaryEquityLiquidationPreferencePerShare" xlink:label="element1243"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TenantReimbursements" xlink:label="element1245"/>
<label xlink:type="resource" xlink:label="label1245" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_TenantReimbursements_en-US"> Tenant expense reimbursements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1245" xlink:to="label1245"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TransferMortgagePayable" xlink:label="element1246"/>
<label xlink:type="resource" xlink:label="label1246" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_TransferMortgagePayable_en-US"> Transfer Mortgage Payable </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TransferMortgagePayable" xlink:label="element1247"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1247" xlink:to="label1247"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock" xlink:label="element1248"/>
<label xlink:type="resource" xlink:label="label1248" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock_en-US"> Unrealized Gain (Loss) on Investments [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1248" xlink:to="label1248"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="element1249"/>
<label xlink:type="resource" xlink:label="label1249" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrealizedGainLossOnDerivatives_en-US"> Unrealized Gain Loss On Derivatives </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="element1250"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="element1251"/>
<label xlink:type="resource" xlink:label="label1251" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_UnrealizedGainLossOnDerivatives_en-US"> Loss from the mark-to-market of J.C. Penney derivative position </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestmentsAbstract" xlink:label="element1252"/>
<label xlink:type="resource" xlink:label="label1252" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrealizedGainLossOnInvestmentsAbstract_en-US"> Unrealized Gain (Loss) on Investments [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1252" xlink:to="label1252"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="element1253"/>
<label xlink:type="resource" xlink:label="label1253" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnsecuredDebtMember_en-US"> Unsecured Debt [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1253" xlink:to="label1253"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="element1254"/>
<label xlink:type="resource" xlink:label="label1254" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_UnsecuredDebtMember_en-US"> Unsecured Debt [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1254" xlink:to="label1254"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnsecuredDebt" xlink:label="element1255"/>
<label xlink:type="resource" xlink:label="label1255" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnsecuredDebt_en-US"> Senior unsecured notes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1255" xlink:to="label1255"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_UnsecuredDebt" xlink:label="element1256"/>
<label xlink:type="resource" xlink:label="label1256" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_UnsecuredDebt_en-US"> Unsecured Debt, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1256" xlink:to="label1256"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAndQualifyingAccountsDisclosureTable" xlink:label="element1257"/>
<label xlink:type="resource" xlink:label="label1257" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ValuationAndQualifyingAccountsDisclosureTable_en-US"> Valuation And Qualifying Accounts Disclosure [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1257" xlink:to="label1257"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDomain" xlink:label="element1258"/>
<label xlink:type="resource" xlink:label="label1258" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ValuationAllowancesAndReservesDomain_en-US"> Valuation Allowances And Reserves [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1258" xlink:to="label1258"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense" xlink:label="element1259"/>
<label xlink:type="resource" xlink:label="label1259" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense_en-US"> Valuation Allowances And Reserves Charged To Cost And Expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1259" xlink:to="label1259"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense" xlink:label="element1260"/>
<label xlink:type="resource" xlink:label="label1260" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense_en-US"> Additions Charged Against Operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1260" xlink:to="label1260"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesBalance" xlink:label="element1261"/>
<label xlink:type="resource" xlink:label="label1261" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ValuationAllowancesAndReservesBalance_en-US"> Valuation Allowances And Reserves Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1261" xlink:to="label1261"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesBalance" xlink:label="element1262"/>
<label xlink:type="resource" xlink:label="label1262" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ValuationAllowancesAndReservesBalance_en-US"> Balance at Beginning of Year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1262" xlink:to="label1262"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesBalance" xlink:label="element1263"/>
<label xlink:type="resource" xlink:label="label1263" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ValuationAllowancesAndReservesBalance_en-US"> Balance at End of Year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1263" xlink:to="label1263"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueDomain" xlink:label="element1264"/>
<label xlink:type="resource" xlink:label="label1264" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ValuationTechniqueDomain_en-US"> Valuation Technique [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1264" xlink:to="label1264"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationTechniqueAxis" xlink:label="element1265"/>
<label xlink:type="resource" xlink:label="label1265" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ValuationTechniqueAxis_en-US"> Valuation Technique [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1265" xlink:to="label1265"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDeductions" xlink:label="element1266"/>
<label xlink:type="resource" xlink:label="label1266" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ValuationAllowancesAndReservesDeductions_en-US"> Valuation Allowances And Reserves Deductions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1266" xlink:to="label1266"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDeductions" xlink:label="element1267"/>
<label xlink:type="resource" xlink:label="label1267" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ValuationAllowancesAndReservesDeductions_en-US"> Uncollectable Accounts Written-Off </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1267" xlink:to="label1267"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDeductions" xlink:label="element1268"/>
<label xlink:type="resource" xlink:label="label1268" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ValuationAllowancesAndReservesDeductions_en-US"> Uncollectable Accounts Written-Off </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1268" xlink:to="label1268"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAndQualifyingAccountsAbstract" xlink:label="element1269"/>
<label xlink:type="resource" xlink:label="label1269" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ValuationAndQualifyingAccountsAbstract_en-US"> Valuation And Qualifying Accounts [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1269" xlink:to="label1269"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems" xlink:label="element1270"/>
<label xlink:type="resource" xlink:label="label1270" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ValuationAndQualifyingAccountsDisclosureLineItems_en-US"> Valuation And Qualifying Accounts Disclosure [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1270" xlink:to="label1270"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:label="element1271"/>
<label xlink:type="resource" xlink:label="label1271" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ValuationAllowancesAndReservesTypeAxis_en-US"> Valuation Allowances And Reserves Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1271" xlink:to="label1271"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="element1272"/>
<label xlink:type="resource" xlink:label="label1272" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_en-US"> Variable Interest Entity, Consolidated, Carrying Amount, Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1272" xlink:to="label1272"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="element1273"/>
<label xlink:type="resource" xlink:label="label1273" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_en-US"> Variable Interest Entities [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1273" xlink:to="label1273"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember" xlink:label="element1274"/>
<label xlink:type="resource" xlink:label="label1274" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_en-US"> Non Consolidated Variable Interest Entities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1274" xlink:to="label1274"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="element1275"/>
<label xlink:type="resource" xlink:label="label1275" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_en-US"> Consolidated Variable Interest Entities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1275" xlink:to="label1275"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities" xlink:label="element1276"/>
<label xlink:type="resource" xlink:label="label1276" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_en-US"> Variable Interest Entity, Consolidated, Carrying Amount, Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1276" xlink:to="label1276"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet" xlink:label="element1277"/>
<label xlink:type="resource" xlink:label="label1277" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet_en-US"> Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1277" xlink:to="label1277"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="element1278"/>
<label xlink:type="resource" xlink:label="label1278" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityLineItems_en-US"> Variable Interest Entity [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1278" xlink:to="label1278"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:label="element1279"/>
<label xlink:type="resource" xlink:label="label1279" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_en-US"> Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1279" xlink:to="label1279"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:label="element1280"/>
<label xlink:type="resource" xlink:label="label1280" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_VariableInterestEntityDisclosureTextBlock_en-US"> Variable Interest Entities [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1280" xlink:to="label1280"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:label="element1281"/>
<label xlink:type="resource" xlink:label="label1281" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_VariableInterestEntityDisclosureTextBlock_en-US"> Variable Interest Entities ("VIEs") </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1281" xlink:to="label1281"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WarehouseMember" xlink:label="element1282"/>
<label xlink:type="resource" xlink:label="label1282" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_WarehouseMember_en-US"> Warehouse [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1282" xlink:to="label1282"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageMember" xlink:label="element1283"/>
<label xlink:type="resource" xlink:label="label1283" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_WeightedAverageMember_en-US"> Weighted Average [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1283" xlink:to="label1283"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="element1284"/>
<label xlink:type="resource" xlink:label="label1284" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_en-US"> Weighted average number shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1284" xlink:to="label1284"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="element1285"/>
<label xlink:type="resource" xlink:label="label1285" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_en-US"> Weighted average shares outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1285" xlink:to="label1285"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="element1286"/>
<label xlink:type="resource" xlink:label="label1286" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_en-US"> Denominator for basic income per share - weighted average shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1286" xlink:to="label1286"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="element1287"/>
<label xlink:type="resource" xlink:label="label1287" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_en-US"> Weighted Average Number of Shares Outstanding, Basic, Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1287" xlink:to="label1287"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="element1288"/>
<label xlink:type="resource" xlink:label="label1288" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_en-US"> Weighted average shares outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1288" xlink:to="label1288"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="element1289"/>
<label xlink:type="resource" xlink:label="label1289" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_en-US"> Denominator for diluted income (loss) per share - weighted average shares and assumed conversions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1289" xlink:to="label1289"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="element1290"/>
<label xlink:type="resource" xlink:label="label1290" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_en-US"> Denominator for diluted income per share - adjusted weighted average shares and assumed conversions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1290" xlink:to="label1290"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="element1291"/>
<label xlink:type="resource" xlink:label="label1291" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_en-US"> Denominator for diluted income per share - weighted average shares and assumed conversions (in shares) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1291" xlink:to="label1291"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="element1292"/>
<label xlink:type="resource" xlink:label="label1292" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_AmendmentFlag_en-US"> Amendment Flag </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1292" xlink:to="label1292"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="element1293"/>
<label xlink:type="resource" xlink:label="label1293" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_CurrentFiscalYearEndDate_en-US"> Current Fiscal Year End Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1293" xlink:to="label1293"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="element1294"/>
<label xlink:type="resource" xlink:label="label1294" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_DocumentPeriodEndDate_en-US"> Document Period End Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1294" xlink:to="label1294"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="element1295"/>
<label xlink:type="resource" xlink:label="label1295" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_EntityDomain_en-US"> Entity [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1295" xlink:to="label1295"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="element1296"/>
<label xlink:type="resource" xlink:label="label1296" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_TradingSymbol_en-US"> Entity Trading Symbol </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1296" xlink:to="label1296"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="element1297"/>
<label xlink:type="resource" xlink:label="label1297" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_EntityWellKnownSeasonedIssuer_en-US"> Entity Well Known Seasoned Issuer </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1297" xlink:to="label1297"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="element1298"/>
<label xlink:type="resource" xlink:label="label1298" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_EntityVoluntaryFilers_en-US"> Entity Voluntary Filers </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1298" xlink:to="label1298"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="element1299"/>
<label xlink:type="resource" xlink:label="label1299" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_EntityCurrentReportingStatus_en-US"> Entity Current Reporting Status </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1299" xlink:to="label1299"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="element1300"/>
<label xlink:type="resource" xlink:label="label1300" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_EntityFilerCategory_en-US"> Entity Filer Category </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1300" xlink:to="label1300"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityPublicFloat" xlink:label="element1301"/>
<label xlink:type="resource" xlink:label="label1301" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_EntityPublicFloat_en-US"> Entity Public Float </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1301" xlink:to="label1301"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="element1302"/>
<label xlink:type="resource" xlink:label="label1302" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_EntityRegistrantName_en-US"> Entity Registrant Name </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1302" xlink:to="label1302"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="element1303"/>
<label xlink:type="resource" xlink:label="label1303" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_EntityCentralIndexKey_en-US"> Entity Central Index Key </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1303" xlink:to="label1303"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="element1304"/>
<label xlink:type="resource" xlink:label="label1304" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_EntityCommonStockSharesOutstanding_en-US"> Entity Common Stock, Shares Outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1304" xlink:to="label1304"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="element1305"/>
<label xlink:type="resource" xlink:label="label1305" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_DocumentFiscalYearFocus_en-US"> Document Fiscal Year Focus </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1305" xlink:to="label1305"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="element1306"/>
<label xlink:type="resource" xlink:label="label1306" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_DocumentFiscalPeriodFocus_en-US"> Document Fiscal Period Focus </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1306" xlink:to="label1306"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="element1307"/>
<label xlink:type="resource" xlink:label="label1307" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_LegalEntityAxis_en-US"> Legal Entity [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1307" xlink:to="label1307"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="element1308"/>
<label xlink:type="resource" xlink:label="label1308" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_dei_DocumentType_en-US"> Document Type </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1308" xlink:to="label1308"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentHoldingAxis" xlink:label="element1309"/>
<label xlink:type="resource" xlink:label="label1309" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_invest_InvestmentHoldingAxis_en-US"> Investment Holding [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1309" xlink:to="label1309"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentHoldingDomain" xlink:label="element1310"/>
<label xlink:type="resource" xlink:label="label1310" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_invest_InvestmentHoldingDomain_en-US"> Investment Holding [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1310" xlink:to="label1310"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DeferredLeasingAndFinancingCostsNetOfAccumulatedAmortization" xlink:label="element1311"/>
<label xlink:type="resource" xlink:label="label1311" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DeferredLeasingAndFinancingCostsNetOfAccumulatedAmortization_en-US"> This element represents costs incurred by the lessor that are (a) costs to originate a lease incurred in transactions with independent third parties that (i) result directly from and are essential to acquire that lease and (ii) would not have been incurred had that leasing transaction not occurred and (b) certain costs directly related to specified activities performed by the lessor for that lease. Those activities are: evaluating the prospective lessee's financial condition; evaluating and recording guarantees, collateral, and other security arrangements; negotiating lease terms; preparing and processing lease documents; and closing the transaction. This element is net of accumulated amortization, combined with, for an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1311" xlink:to="label1311"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DeferredLeasingAndFinancingCostsNetOfAccumulatedAmortization" xlink:label="element1312"/>
<label xlink:type="resource" xlink:label="label1312" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DeferredLeasingAndFinancingCostsNetOfAccumulatedAmortization_en-US"> Deferred Leasing And Financing Costs Net Of Accumulated Amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1312" xlink:to="label1312"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DeferredLeasingAndFinancingCostsNetOfAccumulatedAmortization" xlink:label="element1313"/>
<label xlink:type="resource" xlink:label="label1313" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DeferredLeasingAndFinancingCostsNetOfAccumulatedAmortization_en-US"> Deferred leasing and financing costs, net of accumulated amortization of $281,109 and $242,068 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1313" xlink:to="label1313"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeableSeniorDebentures" xlink:label="element1314"/>
<label xlink:type="resource" xlink:label="label1314" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ExchangeableSeniorDebentures_en-US"> Including the current and noncurrent portions, carrying amount of debt identified as being exchangeable into another form of financial instrument (typically the entity's common stock) as of the balance-sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1314" xlink:to="label1314"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeableSeniorDebentures" xlink:label="element1315"/>
<label xlink:type="resource" xlink:label="label1315" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ExchangeableSeniorDebentures_en-US"> Exchangeable Senior Debentures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1315" xlink:to="label1315"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeableSeniorDebentures" xlink:label="element1316"/>
<label xlink:type="resource" xlink:label="label1316" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_ExchangeableSeniorDebentures_en-US"> Exchangeable senior debentures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1316" xlink:to="label1316"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WriteOffOfUnamortizedCostsFromVoluntarySurrenderOfEquityAwards" xlink:label="element1317"/>
<label xlink:type="resource" xlink:label="label1317" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WriteOffOfUnamortizedCostsFromVoluntarySurrenderOfEquityAwards_en-US"> Accelerated amortization of equity awards surrendered </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1317" xlink:to="label1317"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WriteOffOfUnamortizedCostsFromVoluntarySurrenderOfEquityAwards" xlink:label="element1318"/>
<label xlink:type="resource" xlink:label="label1318" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WriteOffOfUnamortizedCostsFromVoluntarySurrenderOfEquityAwards_en-US"> Write Off Of Unamortized Costs From Voluntary Surrender Of Equity Awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1318" xlink:to="label1318"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WriteOffOfUnamortizedCostsFromVoluntarySurrenderOfEquityAwards" xlink:label="element1319"/>
<label xlink:type="resource" xlink:label="label1319" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WriteOffOfUnamortizedCostsFromVoluntarySurrenderOfEquityAwards_en-US"> Stock option awards expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1319" xlink:to="label1319"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WriteOffOfUnamortizedCostsFromVoluntarySurrenderOfEquityAwards" xlink:label="element1320"/>
<label xlink:type="resource" xlink:label="label1320" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_WriteOffOfUnamortizedCostsFromVoluntarySurrenderOfEquityAwards_en-US"> Unamortized Portion Of Awards Expensed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1320" xlink:to="label1320"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DeferredLeasingAndFinancingCostsAmortization" xlink:label="element1321"/>
<label xlink:type="resource" xlink:label="label1321" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DeferredLeasingAndFinancingCostsAmortization_en-US"> For an unclassified balance sheet, the accumulated amortization, as of the reporting date, which represents the periodic charge to earnings of initial direct costs which have been deferred and are being allocated over the lease term in proportion to the recognition of rental income, combined with, for an unclassified balance sheet, the accumulated amortization, as of the reporting date, representing the periodic charge to earnings of deferred costs which are associated with debt obligations existing as of the end of the period. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1321" xlink:to="label1321"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DeferredLeasingAndFinancingCostsAmortization" xlink:label="element1322"/>
<label xlink:type="resource" xlink:label="label1322" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DeferredLeasingAndFinancingCostsAmortization_en-US"> Deferred Leasing And Financing Costs Amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1322" xlink:to="label1322"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DeferredLeasingAndFinancingCostsAmortization" xlink:label="element1323"/>
<label xlink:type="resource" xlink:label="label1323" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DeferredLeasingAndFinancingCostsAmortization_en-US"> Deferred leasing and financing costs, accumulated amortization (in US dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1323" xlink:to="label1323"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansLossAccrualReversal" xlink:label="element1324"/>
<label xlink:type="resource" xlink:label="label1324" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MezzanineLoansLossAccrualReversal_en-US"> The valuation allowance to reduce the amount of Mezzanine Loans receivables to estimated net realizable value. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1324" xlink:to="label1324"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansLossAccrualReversal" xlink:label="element1325"/>
<label xlink:type="resource" xlink:label="label1325" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MezzanineLoansLossAccrualReversal_en-US"> Mezzanine loans loss accrual (reversal) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1325" xlink:to="label1325"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansLossAccrualReversal" xlink:label="element1326"/>
<label xlink:type="resource" xlink:label="label1326" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MezzanineLoansLossAccrualReversal_en-US"> Mezzanine loans loss reversal and net gain on disposition </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1326" xlink:to="label1326"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReceivablesArisingFromStraightLiningOfRentsAllowance" xlink:label="element1327"/>
<label xlink:type="resource" xlink:label="label1327" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ReceivablesArisingFromStraightLiningOfRentsAllowance_en-US"> The valuation allowance as of the balance sheet date to reduce the gross amount of straight-line rent receivables receivables to estimated net realizable value, which would be presented in parentheses on the face of the balance sheet </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1327" xlink:to="label1327"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReceivablesArisingFromStraightLiningOfRentsAllowance" xlink:label="element1328"/>
<label xlink:type="resource" xlink:label="label1328" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ReceivablesArisingFromStraightLiningOfRentsAllowance_en-US"> Receivables Arising From Straight Lining Of Rents Allowance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1328" xlink:to="label1328"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReceivablesArisingFromStraightLiningOfRentsAllowance" xlink:label="element1329"/>
<label xlink:type="resource" xlink:label="label1329" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ReceivablesArisingFromStraightLiningOfRentsAllowance_en-US"> Receivable arising from the straight-lining of rents, allowance (in US dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1329" xlink:to="label1329"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DistributionsOfCapitalFromPartiallyOwnedEntities" xlink:label="element1330"/>
<label xlink:type="resource" xlink:label="label1330" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DistributionsOfCapitalFromPartiallyOwnedEntities_en-US"> This item represents disclosure of the amount of capital distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporation; these investments are accounted for under the equity method of accounting. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1330" xlink:to="label1330"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DistributionsOfCapitalFromPartiallyOwnedEntities" xlink:label="element1331"/>
<label xlink:type="resource" xlink:label="label1331" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DistributionsOfCapitalFromPartiallyOwnedEntities_en-US"> Distributions of capital from partially owned entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1331" xlink:to="label1331"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncomeAbstract" xlink:label="element1332"/>
<label xlink:type="resource" xlink:label="label1332" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FeeAndOtherIncomeAbstract_en-US"> Fee and Other Income [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1332" xlink:to="label1332"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncomeAbstract" xlink:label="element1333"/>
<label xlink:type="resource" xlink:label="label1333" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FeeAndOtherIncomeAbstract_en-US"> Fee and Other Income [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1333" xlink:to="label1333"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DocumentAndEntityInformationAbstract" xlink:label="element1334"/>
<label xlink:type="resource" xlink:label="label1334" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DocumentAndEntityInformationAbstract_en-US"> Document and Entity Information [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1334" xlink:to="label1334"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DocumentAndEntityInformationAbstract" xlink:label="element1335"/>
<label xlink:type="resource" xlink:label="label1335" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DocumentAndEntityInformationAbstract_en-US"> Document and Entity Information [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1335" xlink:to="label1335"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RepurchaseOfSharesRelatedToStockCompensationArrangementsAndRelatedTaxWithholdings" xlink:label="element1336"/>
<label xlink:type="resource" xlink:label="label1336" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RepurchaseOfSharesRelatedToStockCompensationArrangementsAndRelatedTaxWithholdings_en-US"> Increase (decrease) in retained earnings associated with the repurchase of shares related to stock compensation arrangements and associated employee tax withholdings. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1336" xlink:to="label1336"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RepurchaseOfSharesRelatedToStockCompensationArrangementsAndRelatedTaxWithholdings" xlink:label="element1337"/>
<label xlink:type="resource" xlink:label="label1337" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RepurchaseOfSharesRelatedToStockCompensationArrangementsAndRelatedTaxWithholdings_en-US"> Repurchase of shares related to stock compensation arrangements and related tax withholdings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1337" xlink:to="label1337"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RepurchaseOfSharesRelatedToStockCompensationArrangementsAndRelatedTaxWithholdings" xlink:label="element1338"/>
<label xlink:type="resource" xlink:label="label1338" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_RepurchaseOfSharesRelatedToStockCompensationArrangementsAndRelatedTaxWithholdings_en-US"> Repurchase of shares related to stock compensation agreements and related tax withholdings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1338" xlink:to="label1338"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnitDistributionsPaidInClassUnits" xlink:label="element1339"/>
<label xlink:type="resource" xlink:label="label1339" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnitDistributionsPaidInClassUnits_en-US"> Unit distributions paid in Class A units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1339" xlink:to="label1339"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnitDistributionsPaidInClassUnits" xlink:label="element1340"/>
<label xlink:type="resource" xlink:label="label1340" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnitDistributionsPaidInClassUnits_en-US"> Unit Distributions Paid In Class A units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1340" xlink:to="label1340"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnitDistributionsPaidInClassUnits" xlink:label="element1341"/>
<label xlink:type="resource" xlink:label="label1341" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_UnitDistributionsPaidInClassUnits_en-US"> Unit distributions paid in Class A units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1341" xlink:to="label1341"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentAndOtherLosses" xlink:label="element1342"/>
<label xlink:type="resource" xlink:label="label1342" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ImpairmentAndOtherLosses_en-US"> Impairment losses, acquisition related costs and tenant buy-outs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1342" xlink:to="label1342"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentAndOtherLosses" xlink:label="element1343"/>
<label xlink:type="resource" xlink:label="label1343" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ImpairmentAndOtherLosses_en-US"> Impairment And Other Losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1343" xlink:to="label1343"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentAndOtherLosses" xlink:label="element1344"/>
<label xlink:type="resource" xlink:label="label1344" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_ImpairmentAndOtherLosses_en-US"> Impairment losses, acquisition related costs and tenant buy-outs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1344" xlink:to="label1344"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentAndOtherLosses" xlink:label="element1345"/>
<label xlink:type="resource" xlink:label="label1345" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ImpairmentAndOtherLosses_en-US"> Acquisition and transaction related costs, and impairment losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1345" xlink:to="label1345"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentAndOtherLosses" xlink:label="element1346"/>
<label xlink:type="resource" xlink:label="label1346" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_ImpairmentAndOtherLosses_en-US"> Impairment losses, acquisition related costs and tenant buy-outs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1346" xlink:to="label1346"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ToysRUsMember" xlink:label="element1347"/>
<label xlink:type="resource" xlink:label="label1347" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ToysRUsMember_en-US"> Toys R Us [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1347" xlink:to="label1347"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ToysRUsMember" xlink:label="element1348"/>
<label xlink:type="resource" xlink:label="label1348" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ToysRUsMember_en-US"> Toys R Us [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1348" xlink:to="label1348"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AlexandersIncMember" xlink:label="element1349"/>
<label xlink:type="resource" xlink:label="label1349" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AlexandersIncMember_en-US"> Alexanders Inc </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1349" xlink:to="label1349"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AlexandersIncMember" xlink:label="element1350"/>
<label xlink:type="resource" xlink:label="label1350" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AlexandersIncMember_en-US"> Alexanders Inc [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1350" xlink:to="label1350"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentFairValueInExcessOfCarryingAmount" xlink:label="element1351"/>
<label xlink:type="resource" xlink:label="label1351" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EquityMethodInvestmentFairValueInExcessOfCarryingAmount_en-US"> Equity Method Investment Fair Value In Excess Of Carrying Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1351" xlink:to="label1351"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentFairValueInExcessOfCarryingAmount" xlink:label="element1352"/>
<label xlink:type="resource" xlink:label="label1352" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityMethodInvestmentFairValueInExcessOfCarryingAmount_en-US"> Equity Method Investment Fair Value In Excess Of Carrying Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1352" xlink:to="label1352"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentFairValueInExcessOfCarryingAmount" xlink:label="element1353"/>
<label xlink:type="resource" xlink:label="label1353" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_EquityMethodInvestmentFairValueInExcessOfCarryingAmount_en-US"> Excess of investee's fair value over carrying amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1353" xlink:to="label1353"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonRealtyTrustMember" xlink:label="element1354"/>
<label xlink:type="resource" xlink:label="label1354" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LexingtonRealtyTrustMember_en-US"> Lexington Realty Trust [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1354" xlink:to="label1354"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonRealtyTrustMember" xlink:label="element1355"/>
<label xlink:type="resource" xlink:label="label1355" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LexingtonRealtyTrustMember_en-US"> Lexington Realty Trust [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1355" xlink:to="label1355"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PartiallyOwnedOfficeBuildingsMember" xlink:label="element1356"/>
<label xlink:type="resource" xlink:label="label1356" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PartiallyOwnedOfficeBuildingsMember_en-US"> Partially Owned Office Buildings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1356" xlink:to="label1356"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PartiallyOwnedOfficeBuildingsMember" xlink:label="element1357"/>
<label xlink:type="resource" xlink:label="label1357" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PartiallyOwnedOfficeBuildingsMember_en-US"> Partially owned office buildings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1357" xlink:to="label1357"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IndiaRealEstateVenturesMember" xlink:label="element1358"/>
<label xlink:type="resource" xlink:label="label1358" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IndiaRealEstateVenturesMember_en-US"> India real estate ventures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1358" xlink:to="label1358"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IndiaRealEstateVenturesMember" xlink:label="element1359"/>
<label xlink:type="resource" xlink:label="label1359" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IndiaRealEstateVenturesMember_en-US"> India real estate ventures [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1359" xlink:to="label1359"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherEquityMethodInvestmentsMember" xlink:label="element1360"/>
<label xlink:type="resource" xlink:label="label1360" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherEquityMethodInvestmentsMember_en-US"> Other equity method investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1360" xlink:to="label1360"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherEquityMethodInvestmentsMember" xlink:label="element1361"/>
<label xlink:type="resource" xlink:label="label1361" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherEquityMethodInvestmentsMember_en-US"> Other equity method investments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1361" xlink:to="label1361"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentIncomeTaxExpense" xlink:label="element1362"/>
<label xlink:type="resource" xlink:label="label1362" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EquityMethodInvestmentIncomeTaxExpense_en-US"> This item represents the proportionate share of income taxes from an equity method investment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1362" xlink:to="label1362"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentIncomeTaxExpense" xlink:label="element1363"/>
<label xlink:type="resource" xlink:label="label1363" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityMethodInvestmentIncomeTaxExpense_en-US"> Equity Method Investment Income Tax Expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1363" xlink:to="label1363"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentIncomeTaxExpense" xlink:label="element1364"/>
<label xlink:type="resource" xlink:label="label1364" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_EquityMethodInvestmentIncomeTaxExpense_en-US"> Income tax expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1364" xlink:to="label1364"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentIncomeTaxExpense" xlink:label="element1365"/>
<label xlink:type="resource" xlink:label="label1365" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_EquityMethodInvestmentIncomeTaxExpense_en-US"> Income tax expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1365" xlink:to="label1365"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentEquityInNetIncome" xlink:label="element1366"/>
<label xlink:type="resource" xlink:label="label1366" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EquityMethodInvestmentEquityInNetIncome_en-US"> This item represents a proportionate share of net income of an equity method investee. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1366" xlink:to="label1366"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentEquityInNetIncome" xlink:label="element1367"/>
<label xlink:type="resource" xlink:label="label1367" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityMethodInvestmentEquityInNetIncome_en-US"> Equity Method Investment Equity In Net Income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1367" xlink:to="label1367"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentEquityInNetIncome" xlink:label="element1368"/>
<label xlink:type="resource" xlink:label="label1368" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_EquityMethodInvestmentEquityInNetIncome_en-US"> Equity in net income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1368" xlink:to="label1368"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentDevelopmentFees" xlink:label="element1369"/>
<label xlink:type="resource" xlink:label="label1369" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EquityMethodInvestmentDevelopmentFees_en-US"> Equity Method Investment Development Fees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1369" xlink:to="label1369"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentDevelopmentFees" xlink:label="element1370"/>
<label xlink:type="resource" xlink:label="label1370" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityMethodInvestmentDevelopmentFees_en-US"> Equity Method Investment Development Fees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1370" xlink:to="label1370"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentDevelopmentFees" xlink:label="element1371"/>
<label xlink:type="resource" xlink:label="label1371" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_EquityMethodInvestmentDevelopmentFees_en-US"> Management and Development fee income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1371" xlink:to="label1371"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentDebtOfPartiallyOwnedEntities" xlink:label="element1372"/>
<label xlink:type="resource" xlink:label="label1372" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EquityMethodInvestmentDebtOfPartiallyOwnedEntities_en-US"> Equity Method Investment Debt Of Partially Owned Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1372" xlink:to="label1372"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentDebtOfPartiallyOwnedEntities" xlink:label="element1373"/>
<label xlink:type="resource" xlink:label="label1373" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityMethodInvestmentDebtOfPartiallyOwnedEntities_en-US"> Equity Method Investment Debt Of Partially Owned Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1373" xlink:to="label1373"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesAt1075Due2017Member" xlink:label="element1374"/>
<label xlink:type="resource" xlink:label="label1374" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorUnsecuredNotesAt1075Due2017Member_en-US"> Senior Unsecured Notes at 10.75% Due 2017 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1374" xlink:to="label1374"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesAt1075Due2017Member" xlink:label="element1375"/>
<label xlink:type="resource" xlink:label="label1375" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorUnsecuredNotesAt1075Due2017Member_en-US"> Senior Unsecured Notes At 1075 Due 2017 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1375" xlink:to="label1375"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesAt1075Due2017Member" xlink:label="element1376"/>
<label xlink:type="resource" xlink:label="label1376" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SeniorUnsecuredNotesAt1075Due2017Member_en-US"> 10.75% senior unsecured notes, due 2017 (Face value - $950,000) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1376" xlink:to="label1376"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesAt850Due2017Member" xlink:label="element1377"/>
<label xlink:type="resource" xlink:label="label1377" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorUnsecuredNotesAt850Due2017Member_en-US"> Senior Unsecured Notes at 8.50% Due 2017 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1377" xlink:to="label1377"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesAt850Due2017Member" xlink:label="element1378"/>
<label xlink:type="resource" xlink:label="label1378" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorUnsecuredNotesAt850Due2017Member_en-US"> Senior Unsecured Notes At 850 Due 2017 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1378" xlink:to="label1378"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesAt850Due2017Member" xlink:label="element1379"/>
<label xlink:type="resource" xlink:label="label1379" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SeniorUnsecuredNotesAt850Due2017Member_en-US"> 8.50% senior unsecured notes, due 2017 (Face value $725,000) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1379" xlink:to="label1379"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CreditFacilityMember" xlink:label="element1380"/>
<label xlink:type="resource" xlink:label="label1380" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CreditFacilityMember_en-US"> Credit Facility Member </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1380" xlink:to="label1380"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CreditFacilityMember" xlink:label="element1381"/>
<label xlink:type="resource" xlink:label="label1381" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CreditFacilityMember_en-US"> Credit Facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1381" xlink:to="label1381"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CreditFacilityMember" xlink:label="element1382"/>
<label xlink:type="resource" xlink:label="label1382" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_CreditFacilityMember_en-US"> Credit Facility 1.85 Billion [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1382" xlink:to="label1382"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUkRealEstateFacilityMember" xlink:label="element1383"/>
<label xlink:type="resource" xlink:label="label1383" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorUkRealEstateFacilityMember_en-US"> Senior UK Real Estate Facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1383" xlink:to="label1383"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUkRealEstateFacilityMember" xlink:label="element1384"/>
<label xlink:type="resource" xlink:label="label1384" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorUkRealEstateFacilityMember_en-US"> Senior Uk Real Estate Facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1384" xlink:to="label1384"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_Bonds7625Member" xlink:label="element1385"/>
<label xlink:type="resource" xlink:label="label1385" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_Bonds7625Member_en-US"> Bonds 7.625%[Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1385" xlink:to="label1385"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_Bonds7625Member" xlink:label="element1386"/>
<label xlink:type="resource" xlink:label="label1386" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_Bonds7625Member_en-US"> Bonds 7625 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1386" xlink:to="label1386"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_Bonds7625Member" xlink:label="element1387"/>
<label xlink:type="resource" xlink:label="label1387" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_Bonds7625Member_en-US"> 7.625% bonds, due 2011 (Face value - $500,000) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1387" xlink:to="label1387"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorNotes7875Member" xlink:label="element1388"/>
<label xlink:type="resource" xlink:label="label1388" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorNotes7875Member_en-US"> Senior Notes 7.875% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1388" xlink:to="label1388"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorNotes7875Member" xlink:label="element1389"/>
<label xlink:type="resource" xlink:label="label1389" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorNotes7875Member_en-US"> Senior Notes 7875 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1389" xlink:to="label1389"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorNotes7875Member" xlink:label="element1390"/>
<label xlink:type="resource" xlink:label="label1390" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SeniorNotes7875Member_en-US"> 7.875% senior notes, due 2013 (Face value - $400,000) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1390" xlink:to="label1390"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorSecuredNotes7375Member" xlink:label="element1391"/>
<label xlink:type="resource" xlink:label="label1391" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorSecuredNotes7375Member_en-US"> Senior Notes 7.375% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1391" xlink:to="label1391"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorSecuredNotes7375Member" xlink:label="element1392"/>
<label xlink:type="resource" xlink:label="label1392" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorSecuredNotes7375Member_en-US"> Senior Secured Notes7375 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1392" xlink:to="label1392"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SpanishRealEstateFacilityMember" xlink:label="element1393"/>
<label xlink:type="resource" xlink:label="label1393" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SpanishRealEstateFacilityMember_en-US"> Spanish Real Estate Facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1393" xlink:to="label1393"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SpanishRealEstateFacilityMember" xlink:label="element1394"/>
<label xlink:type="resource" xlink:label="label1394" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SpanishRealEstateFacilityMember_en-US"> Spanish Real Estate Facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1394" xlink:to="label1394"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SpanishRealEstateFacilityMember" xlink:label="element1395"/>
<label xlink:type="resource" xlink:label="label1395" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SpanishRealEstateFacilityMember_en-US"> 4.51% Spanish real estate facility, due 2013 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1395" xlink:to="label1395"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JapanBankLoansMember" xlink:label="element1396"/>
<label xlink:type="resource" xlink:label="label1396" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_JapanBankLoansMember_en-US"> Japan Bank Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1396" xlink:to="label1396"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JapanBankLoansMember" xlink:label="element1397"/>
<label xlink:type="resource" xlink:label="label1397" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_JapanBankLoansMember_en-US"> Japan Bank Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1397" xlink:to="label1397"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JapanBankLoansMember" xlink:label="element1398"/>
<label xlink:type="resource" xlink:label="label1398" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_JapanBankLoansMember_en-US"> Japan bank loans, due 2011 - 2014, 1.20% - 2.85% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1398" xlink:to="label1398"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FrenchRealEstateFacilityMember" xlink:label="element1399"/>
<label xlink:type="resource" xlink:label="label1399" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FrenchRealEstateFacilityMember_en-US"> French Real Estate Facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1399" xlink:to="label1399"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FrenchRealEstateFacilityMember" xlink:label="element1400"/>
<label xlink:type="resource" xlink:label="label1400" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FrenchRealEstateFacilityMember_en-US"> French Real Estate Facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1400" xlink:to="label1400"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FrenchRealEstateFacilityMember" xlink:label="element1401"/>
<label xlink:type="resource" xlink:label="label1401" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FrenchRealEstateFacilityMember_en-US"> 4.51% French real estate facility, due 2013 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1401" xlink:to="label1401"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_Debentures8750Member" xlink:label="element1402"/>
<label xlink:type="resource" xlink:label="label1402" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_Debentures8750Member_en-US"> Debentures 8.750% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1402" xlink:to="label1402"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_Debentures8750Member" xlink:label="element1403"/>
<label xlink:type="resource" xlink:label="label1403" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_Debentures8750Member_en-US"> Debentures 8750 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1403" xlink:to="label1403"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_Debentures8750Member" xlink:label="element1404"/>
<label xlink:type="resource" xlink:label="label1404" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_Debentures8750Member_en-US"> 8.750% debentures, due 2021 (Face value - $22,000) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1404" xlink:to="label1404"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JapanBorrowingsMember" xlink:label="element1405"/>
<label xlink:type="resource" xlink:label="label1405" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_JapanBorrowingsMember_en-US"> Japan Borrowings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1405" xlink:to="label1405"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JapanBorrowingsMember" xlink:label="element1406"/>
<label xlink:type="resource" xlink:label="label1406" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_JapanBorrowingsMember_en-US"> Japan Borrowings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1406" xlink:to="label1406"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JapanBorrowingsMember" xlink:label="element1407"/>
<label xlink:type="resource" xlink:label="label1407" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_JapanBorrowingsMember_en-US"> Japan borrowings, due 2011 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1407" xlink:to="label1407"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EuropeanAndAustralianAssetBasedRevolvingCreditFacilityMember" xlink:label="element1408"/>
<label xlink:type="resource" xlink:label="label1408" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EuropeanAndAustralianAssetBasedRevolvingCreditFacilityMember_en-US"> European and Australian Asset Based Revolving Credit Facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1408" xlink:to="label1408"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EuropeanAndAustralianAssetBasedRevolvingCreditFacilityMember" xlink:label="element1409"/>
<label xlink:type="resource" xlink:label="label1409" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EuropeanAndAustralianAssetBasedRevolvingCreditFacilityMember_en-US"> European And Australian Asset Based Revolving Credit Facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1409" xlink:to="label1409"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EuropeanAndAustralianAssetBasedRevolvingCreditFacilityMember" xlink:label="element1410"/>
<label xlink:type="resource" xlink:label="label1410" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_EuropeanAndAustralianAssetBasedRevolvingCreditFacilityMember_en-US"> European and Australian asset-based revolving credit facility, due 2012, LIBOR/EURIBOR plus 4.00% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1410" xlink:to="label1410"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonAvenueMortgageOfficeSpaceMember" xlink:label="element1411"/>
<label xlink:type="resource" xlink:label="label1411" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LexingtonAvenueMortgageOfficeSpaceMember_en-US"> Lexington Avenue Mortgage Office Space [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1411" xlink:to="label1411"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonAvenueMortgageOfficeSpaceMember" xlink:label="element1412"/>
<label xlink:type="resource" xlink:label="label1412" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LexingtonAvenueMortgageOfficeSpaceMember_en-US"> Lexington Avenue Mortgage Office Space [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1412" xlink:to="label1412"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonAvenueMortgageOfficeSpaceMember" xlink:label="element1413"/>
<label xlink:type="resource" xlink:label="label1413" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_LexingtonAvenueMortgageOfficeSpaceMember_en-US"> 731 Lexington Avenue mortgage note payable collateralized by the office space, due in February 2014, with interest at 5.33% (prepayable without penalty after December 2013) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1413" xlink:to="label1413"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonAvenueMortgageRetailSpaceMember" xlink:label="element1414"/>
<label xlink:type="resource" xlink:label="label1414" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LexingtonAvenueMortgageRetailSpaceMember_en-US"> Lexington Avenue Mortgage Retail Space [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1414" xlink:to="label1414"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonAvenueMortgageRetailSpaceMember" xlink:label="element1415"/>
<label xlink:type="resource" xlink:label="label1415" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LexingtonAvenueMortgageRetailSpaceMember_en-US"> Lexington Avenue Mortgage Retail Space [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1415" xlink:to="label1415"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonAvenueMortgageRetailSpaceMember" xlink:label="element1416"/>
<label xlink:type="resource" xlink:label="label1416" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_LexingtonAvenueMortgageRetailSpaceMember_en-US"> 731 Lexington Avenue mortgage note payable, collateralized by the retail space, due in July 2015, with interest at 4.93% (prepayable without penalty after December 2013) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1416" xlink:to="label1416"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegoParkConstructionMember" xlink:label="element1417"/>
<label xlink:type="resource" xlink:label="label1417" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RegoParkConstructionMember_en-US"> Rego Park Construction [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1417" xlink:to="label1417"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegoParkConstructionMember" xlink:label="element1418"/>
<label xlink:type="resource" xlink:label="label1418" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RegoParkConstructionMember_en-US"> Rego Park Construction [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1418" xlink:to="label1418"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegoParkConstructionMember" xlink:label="element1419"/>
<label xlink:type="resource" xlink:label="label1419" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RegoParkConstructionMember_en-US"> Rego Park construction loan payable, due in December 2010, LIBOR plus 1.20% (1.55% at June 30, 2010) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1419" xlink:to="label1419"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_KingsPlazaRegionalShoppingCenterMortgageMember" xlink:label="element1420"/>
<label xlink:type="resource" xlink:label="label1420" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_KingsPlazaRegionalShoppingCenterMortgageMember_en-US"> Kings Plaza Regional Shopping Center Mortgage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1420" xlink:to="label1420"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_KingsPlazaRegionalShoppingCenterMortgageMember" xlink:label="element1421"/>
<label xlink:type="resource" xlink:label="label1421" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_KingsPlazaRegionalShoppingCenterMortgageMember_en-US"> Kings Plaza Regional Shopping Center Mortgage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1421" xlink:to="label1421"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_KingsPlazaRegionalShoppingCenterMortgageMember" xlink:label="element1422"/>
<label xlink:type="resource" xlink:label="label1422" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_KingsPlazaRegionalShoppingCenterMortgageMember_en-US"> Kings Plaza Regional Shopping Center mortgage note payable, due in June 2011, with interest at 7.46% (prepayable without penalty after December 2010) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1422" xlink:to="label1422"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegoParkMortgageMember" xlink:label="element1423"/>
<label xlink:type="resource" xlink:label="label1423" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RegoParkMortgageMember_en-US"> Rego Park Mortgage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1423" xlink:to="label1423"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegoParkMortgageMember" xlink:label="element1424"/>
<label xlink:type="resource" xlink:label="label1424" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RegoParkMortgageMember_en-US"> Rego Park Mortgage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1424" xlink:to="label1424"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegoParkMortgageMember" xlink:label="element1425"/>
<label xlink:type="resource" xlink:label="label1425" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RegoParkMortgageMember_en-US"> Rego Park mortgage note payable, due in March 2012 (prepayable without penalty) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1425" xlink:to="label1425"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ParamusMortgageMember" xlink:label="element1426"/>
<label xlink:type="resource" xlink:label="label1426" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ParamusMortgageMember_en-US"> Paramus Mortgage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1426" xlink:to="label1426"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ParamusMortgageMember" xlink:label="element1427"/>
<label xlink:type="resource" xlink:label="label1427" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ParamusMortgageMember_en-US"> Paramus Mortgage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1427" xlink:to="label1427"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ParamusMortgageMember" xlink:label="element1428"/>
<label xlink:type="resource" xlink:label="label1428" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ParamusMortgageMember_en-US"> Paramus mortgage note payable, due in October 2011, with interest at 5.92% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1428" xlink:to="label1428"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_KaempferPropertiesMember" xlink:label="element1429"/>
<label xlink:type="resource" xlink:label="label1429" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_KaempferPropertiesMember_en-US"> Kaempfer Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1429" xlink:to="label1429"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_KaempferPropertiesMember" xlink:label="element1430"/>
<label xlink:type="resource" xlink:label="label1430" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_KaempferPropertiesMember_en-US"> Kaempfer Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1430" xlink:to="label1430"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_KaempferPropertiesMember" xlink:label="element1431"/>
<label xlink:type="resource" xlink:label="label1431" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_KaempferPropertiesMember_en-US"> Kaempfer Properties (2.5% and 5.0% interests in two partnerships) mortgage notes payable, collateralized by the partnerships' real estate, due 2011, with a weighted average interest rate of 5.85% at June 30, 2010 (various prepayment terms) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1431" xlink:to="label1431"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MadisonAvenueMember" xlink:label="element1432"/>
<label xlink:type="resource" xlink:label="label1432" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MadisonAvenueMember_en-US"> Madison Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1432" xlink:to="label1432"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MadisonAvenueMember" xlink:label="element1433"/>
<label xlink:type="resource" xlink:label="label1433" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MadisonAvenueMember_en-US"> Madison Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1433" xlink:to="label1433"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MadisonAvenueMember" xlink:label="element1434"/>
<label xlink:type="resource" xlink:label="label1434" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MadisonAvenueMember_en-US"> 330 Madison Avenue (25% interest) $150,000 mortgage note payable, due in June 2015, LIBOR plus 1.50% (1.87% at June 30, 2010) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1434" xlink:to="label1434"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MadisonAvenueMember" xlink:label="element1435"/>
<label xlink:type="resource" xlink:label="label1435" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_MadisonAvenueMember_en-US"> 330 Madison Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1435" xlink:to="label1435"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairfaxSquareMember" xlink:label="element1436"/>
<label xlink:type="resource" xlink:label="label1436" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FairfaxSquareMember_en-US"> Fairfax Square [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1436" xlink:to="label1436"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairfaxSquareMember" xlink:label="element1437"/>
<label xlink:type="resource" xlink:label="label1437" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FairfaxSquareMember_en-US"> Fairfax Square [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1437" xlink:to="label1437"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairfaxSquareMember" xlink:label="element1438"/>
<label xlink:type="resource" xlink:label="label1438" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FairfaxSquareMember_en-US"> Fairfax Square (20% interest) mortgage note payable, due in December 2014, with interest at 7.00% (prepayable without penalty after July 2014) Member </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1438" xlink:to="label1438"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RosslynPlazaMember" xlink:label="element1439"/>
<label xlink:type="resource" xlink:label="label1439" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RosslynPlazaMember_en-US"> Rosslyn Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1439" xlink:to="label1439"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RosslynPlazaMember" xlink:label="element1440"/>
<label xlink:type="resource" xlink:label="label1440" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RosslynPlazaMember_en-US"> Rosslyn Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1440" xlink:to="label1440"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RosslynPlazaMember" xlink:label="element1441"/>
<label xlink:type="resource" xlink:label="label1441" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RosslynPlazaMember_en-US"> Rosslyn Plaza (46% interest) mortgage note payable, due in December 2011, LIBOR plus 1.0% (1.34% at June 30, 2010) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1441" xlink:to="label1441"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_West57thStreetMember" xlink:label="element1442"/>
<label xlink:type="resource" xlink:label="label1442" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_West57thStreetMember_en-US"> West 57th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1442" xlink:to="label1442"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_West57thStreetMember" xlink:label="element1443"/>
<label xlink:type="resource" xlink:label="label1443" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_West57thStreetMember_en-US"> West 57th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1443" xlink:to="label1443"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_West57thStreetMember" xlink:label="element1444"/>
<label xlink:type="resource" xlink:label="label1444" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_West57thStreetMember_en-US"> West 57th Street (50% interest) mortgage note payable, due in February 2014, with interest at 4.94% (prepayable without penalty) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1444" xlink:to="label1444"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeventhAvenueMember" xlink:label="element1445"/>
<label xlink:type="resource" xlink:label="label1445" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeventhAvenueMember_en-US"> Seventh Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1445" xlink:to="label1445"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeventhAvenueMember" xlink:label="element1446"/>
<label xlink:type="resource" xlink:label="label1446" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeventhAvenueMember_en-US"> Seventh Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1446" xlink:to="label1446"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeventhAvenueMember" xlink:label="element1447"/>
<label xlink:type="resource" xlink:label="label1447" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SeventhAvenueMember_en-US"> 825 Seventh Avenue (50% interest) mortgage note payable, due in October 2014, with interest at 8.07% (prepayable without penalty after April 2014) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1447" xlink:to="label1447"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeventhAvenueMember" xlink:label="element1448"/>
<label xlink:type="resource" xlink:label="label1448" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_SeventhAvenueMember_en-US"> 825 Seventh Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1448" xlink:to="label1448"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TcgUrbanInfrastructureHoldingsMember" xlink:label="element1449"/>
<label xlink:type="resource" xlink:label="label1449" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TcgUrbanInfrastructureHoldingsMember_en-US"> TCG Urban Infrastructure Holdings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1449" xlink:to="label1449"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TcgUrbanInfrastructureHoldingsMember" xlink:label="element1450"/>
<label xlink:type="resource" xlink:label="label1450" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TcgUrbanInfrastructureHoldingsMember_en-US"> Tcg Urban Infrastructure Holdings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1450" xlink:to="label1450"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TcgUrbanInfrastructureHoldingsMember" xlink:label="element1451"/>
<label xlink:type="resource" xlink:label="label1451" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_TcgUrbanInfrastructureHoldingsMember_en-US"> TCG Urban Infrastructure Holdings (25% interest) mortgage notes payable, collateralized by the entity's real estate, due from 2010 to 2022, with a weighted average interest rate of 12.78% at June 30, 2010 (various prepayment terms) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1451" xlink:to="label1451"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WaterfrontAssociatesLlcMember" xlink:label="element1452"/>
<label xlink:type="resource" xlink:label="label1452" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WaterfrontAssociatesLlcMember_en-US"> Waterfront Associates LLC [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1452" xlink:to="label1452"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WaterfrontAssociatesLlcMember" xlink:label="element1453"/>
<label xlink:type="resource" xlink:label="label1453" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WaterfrontAssociatesLlcMember_en-US"> Waterfront Associates Llc [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1453" xlink:to="label1453"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WaterfrontAssociatesLlcMember" xlink:label="element1454"/>
<label xlink:type="resource" xlink:label="label1454" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WaterfrontAssociatesLlcMember_en-US"> Waterfront Associates, LLC (2.5% interest) construction and land loan up to $250 million payable, due in September 2011 with a six month extension option, LIBOR plus 2.00% - 3.50% (2.56% at June 30, 2010) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1454" xlink:to="label1454"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VerdeRealtyOperatingPartnershipMember" xlink:label="element1455"/>
<label xlink:type="resource" xlink:label="label1455" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_VerdeRealtyOperatingPartnershipMember_en-US"> Verde Realty Operating Partnership [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1455" xlink:to="label1455"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VerdeRealtyOperatingPartnershipMember" xlink:label="element1456"/>
<label xlink:type="resource" xlink:label="label1456" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VerdeRealtyOperatingPartnershipMember_en-US"> Verde Realty Operating Partnership [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1456" xlink:to="label1456"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VerdeRealtyOperatingPartnershipMember" xlink:label="element1457"/>
<label xlink:type="resource" xlink:label="label1457" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_VerdeRealtyOperatingPartnershipMember_en-US"> Our share of impairment losses of partially owned entities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1457" xlink:to="label1457"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GreenCourteRealEstatePartnersLlcMember" xlink:label="element1458"/>
<label xlink:type="resource" xlink:label="label1458" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_GreenCourteRealEstatePartnersLlcMember_en-US"> Green Courte Real Estate Partners LLC [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1458" xlink:to="label1458"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GreenCourteRealEstatePartnersLlcMember" xlink:label="element1459"/>
<label xlink:type="resource" xlink:label="label1459" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_GreenCourteRealEstatePartnersLlcMember_en-US"> Green Courte Real Estate Partners Llc [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1459" xlink:to="label1459"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GreenCourteRealEstatePartnersLlcMember" xlink:label="element1460"/>
<label xlink:type="resource" xlink:label="label1460" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_GreenCourteRealEstatePartnersLlcMember_en-US"> Green Courte Real Estate Partners, LLC (8.3% interest) (as of December 31, 2009 and September 30, 2009), mortgage notes payable, collateralized by the partnerships' real estate, due from 2010 to 2018, with a weighted average interest rate of 5.29% at June 30, 2010 (various prepayment terms) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1460" xlink:to="label1460"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MonmouthMallMember" xlink:label="element1461"/>
<label xlink:type="resource" xlink:label="label1461" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MonmouthMallMember_en-US"> Monmouth Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1461" xlink:to="label1461"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MonmouthMallMember" xlink:label="element1462"/>
<label xlink:type="resource" xlink:label="label1462" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MonmouthMallMember_en-US"> Monmouth Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1462" xlink:to="label1462"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MonmouthMallMember" xlink:label="element1463"/>
<label xlink:type="resource" xlink:label="label1463" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MonmouthMallMember_en-US"> Monmouth Mall (50% interest) mortgage note payable, due in September 2015, with interest at 5.44% (prepayable without penalty after July 2015) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1463" xlink:to="label1463"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WellsKinzieGarageMember" xlink:label="element1464"/>
<label xlink:type="resource" xlink:label="label1464" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WellsKinzieGarageMember_en-US"> Wells/Kinzie Garage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1464" xlink:to="label1464"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WellsKinzieGarageMember" xlink:label="element1465"/>
<label xlink:type="resource" xlink:label="label1465" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WellsKinzieGarageMember_en-US"> Wells Kinzie Garage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1465" xlink:to="label1465"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WellsKinzieGarageMember" xlink:label="element1466"/>
<label xlink:type="resource" xlink:label="label1466" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WellsKinzieGarageMember_en-US"> Wells/Kinzie Garage (50% interest) mortgage note payable, due in December 2013, with interest at 6.87% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1466" xlink:to="label1466"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OrleansHubbardGarageMember" xlink:label="element1467"/>
<label xlink:type="resource" xlink:label="label1467" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OrleansHubbardGarageMember_en-US"> Orleans Hubbard Garage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1467" xlink:to="label1467"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OrleansHubbardGarageMember" xlink:label="element1468"/>
<label xlink:type="resource" xlink:label="label1468" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OrleansHubbardGarageMember_en-US"> Orleans Hubbard Garage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1468" xlink:to="label1468"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OrleansHubbardGarageMember" xlink:label="element1469"/>
<label xlink:type="resource" xlink:label="label1469" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_OrleansHubbardGarageMember_en-US"> Orleans Hubbard Garage (50% interest) mortgage note payable, due in December 2013, with interest at 6.87% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1469" xlink:to="label1469"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SpreadOverLiborMinimum" xlink:label="element1470"/>
<label xlink:type="resource" xlink:label="label1470" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SpreadOverLiborMinimum_en-US"> Spread Over LIBOR Minimum </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1470" xlink:to="label1470"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SpreadOverLiborMinimum" xlink:label="element1471"/>
<label xlink:type="resource" xlink:label="label1471" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SpreadOverLiborMinimum_en-US"> Spread Over LIBOR Minimum </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1471" xlink:to="label1471"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SpreadOverLiborMaximum" xlink:label="element1472"/>
<label xlink:type="resource" xlink:label="label1472" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SpreadOverLiborMaximum_en-US"> Spread Over LIBOR Maximum </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1472" xlink:to="label1472"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SpreadOverLiborMaximum" xlink:label="element1473"/>
<label xlink:type="resource" xlink:label="label1473" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SpreadOverLiborMaximum_en-US"> Spread Over LIBOR Maximum </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1473" xlink:to="label1473"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoanReceivableMaturityDate" xlink:label="element1474"/>
<label xlink:type="resource" xlink:label="label1474" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MezzanineLoanReceivableMaturityDate_en-US"> Mezzanine Loan Receivable Maturity Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1474" xlink:to="label1474"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoanReceivableMaturityDate" xlink:label="element1475"/>
<label xlink:type="resource" xlink:label="label1475" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MezzanineLoanReceivableMaturityDate_en-US"> Mezzanine Loan Receivable Maturity Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1475" xlink:to="label1475"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoanReceivableMaturityDate" xlink:label="element1476"/>
<label xlink:type="resource" xlink:label="label1476" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MezzanineLoanReceivableMaturityDate_en-US"> Mezzanine Loan Receivable - Maturity Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1476" xlink:to="label1476"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TharaldsonLodgingCompaniesMember" xlink:label="element1477"/>
<label xlink:type="resource" xlink:label="label1477" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TharaldsonLodgingCompaniesMember_en-US"> Tharaldson Lodging Companies [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1477" xlink:to="label1477"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TharaldsonLodgingCompaniesMember" xlink:label="element1478"/>
<label xlink:type="resource" xlink:label="label1478" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TharaldsonLodgingCompaniesMember_en-US"> Tharaldson Lodging Companies [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1478" xlink:to="label1478"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ParkAvenueMember" xlink:label="element1479"/>
<label xlink:type="resource" xlink:label="label1479" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ParkAvenueMember_en-US"> Park Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1479" xlink:to="label1479"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ParkAvenueMember" xlink:label="element1480"/>
<label xlink:type="resource" xlink:label="label1480" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ParkAvenueMember_en-US"> Park Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1480" xlink:to="label1480"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ParkAvenueMember" xlink:label="element1481"/>
<label xlink:type="resource" xlink:label="label1481" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ParkAvenueMember_en-US"> 280 Park Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1481" xlink:to="label1481"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherNetMember" xlink:label="element1482"/>
<label xlink:type="resource" xlink:label="label1482" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherNetMember_en-US"> Other Net [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1482" xlink:to="label1482"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherNetMember" xlink:label="element1483"/>
<label xlink:type="resource" xlink:label="label1483" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherNetMember_en-US"> Other, net [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1483" xlink:to="label1483"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_BelowMarketLeasesNetOfAboveMarketLeasesMember" xlink:label="element1484"/>
<label xlink:type="resource" xlink:label="label1484" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_BelowMarketLeasesNetOfAboveMarketLeasesMember_en-US"> Below Market Leases Net Of Above Market Leases [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1484" xlink:to="label1484"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_BelowMarketLeasesNetOfAboveMarketLeasesMember" xlink:label="element1485"/>
<label xlink:type="resource" xlink:label="label1485" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_BelowMarketLeasesNetOfAboveMarketLeasesMember_en-US"> Below Market Leases Net Of Above Market Leases [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1485" xlink:to="label1485"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherIdentifiedIntangibleAssetsMember" xlink:label="element1486"/>
<label xlink:type="resource" xlink:label="label1486" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherIdentifiedIntangibleAssetsMember_en-US"> Other Identified Intangible Assets [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1486" xlink:to="label1486"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherIdentifiedIntangibleAssetsMember" xlink:label="element1487"/>
<label xlink:type="resource" xlink:label="label1487" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherIdentifiedIntangibleAssetsMember_en-US"> Other Identified Intangible Assets [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1487" xlink:to="label1487"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TenantUnderGroundLeasesMember" xlink:label="element1488"/>
<label xlink:type="resource" xlink:label="label1488" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TenantUnderGroundLeasesMember_en-US"> Tenant Under Ground Leases [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1488" xlink:to="label1488"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TenantUnderGroundLeasesMember" xlink:label="element1489"/>
<label xlink:type="resource" xlink:label="label1489" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TenantUnderGroundLeasesMember_en-US"> Tenant Under Ground Leases [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1489" xlink:to="label1489"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilityGross" xlink:label="element1490"/>
<label xlink:type="resource" xlink:label="label1490" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FiniteLivedIntangibleLiabilityGross_en-US"> This element represents the identifiable intangible liability established upon acquisition based on an unfavorable difference between the terms of an acquired lease and the current market terms for that lease at the acquisition date. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1490" xlink:to="label1490"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilityGross" xlink:label="element1491"/>
<label xlink:type="resource" xlink:label="label1491" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FiniteLivedIntangibleLiabilityGross_en-US"> Finite Lived Intangible Liability Gross </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1491" xlink:to="label1491"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilityGross" xlink:label="element1492"/>
<label xlink:type="resource" xlink:label="label1492" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_FiniteLivedIntangibleLiabilityGross_en-US"> Identified intangible liabilities (included in deferred credit): Gross </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1492" xlink:to="label1492"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilityGross" xlink:label="element1493"/>
<label xlink:type="resource" xlink:label="label1493" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FiniteLivedIntangibleLiabilityGross_en-US"> Gross amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1493" xlink:to="label1493"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilityAccumulatedAmortization" xlink:label="element1494"/>
<label xlink:type="resource" xlink:label="label1494" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FiniteLivedIntangibleLiabilityAccumulatedAmortization_en-US"> The accumulated amount of amortization of a major finite-lived intangible liability class. A major class is composed of intangible liabilities that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1494" xlink:to="label1494"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilityAccumulatedAmortization" xlink:label="element1495"/>
<label xlink:type="resource" xlink:label="label1495" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FiniteLivedIntangibleLiabilityAccumulatedAmortization_en-US"> Finite Lived Intangible Liability Accumulated Amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1495" xlink:to="label1495"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilityAccumulatedAmortization" xlink:label="element1496"/>
<label xlink:type="resource" xlink:label="label1496" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_FiniteLivedIntangibleLiabilityAccumulatedAmortization_en-US"> Accumulated amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1496" xlink:to="label1496"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilityAccumulatedAmortization" xlink:label="element1497"/>
<label xlink:type="resource" xlink:label="label1497" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FiniteLivedIntangibleLiabilityAccumulatedAmortization_en-US"> Identified intangible liabilities (included in deferred credit): Accumulated amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1497" xlink:to="label1497"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilitiesNet" xlink:label="element1498"/>
<label xlink:type="resource" xlink:label="label1498" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FiniteLivedIntangibleLiabilitiesNet_en-US"> The aggregate sum of gross carrying value of a major finite-lived intangible liabilty class, less accumulated amortization. A major class is composed of intangible liabilities that can be grouped together because they are similar, either by their nature or by their use in the operations of a company </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1498" xlink:to="label1498"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilitiesNet" xlink:label="element1499"/>
<label xlink:type="resource" xlink:label="label1499" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_FiniteLivedIntangibleLiabilitiesNet_en-US"> Identified intangible liabilities (included in deferred credit): Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1499" xlink:to="label1499"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilitiesNet" xlink:label="element1500"/>
<label xlink:type="resource" xlink:label="label1500" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FiniteLivedIntangibleLiabilitiesNet_en-US"> Identified Intangible Liabilities (included in deferred credit) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1500" xlink:to="label1500"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilitiesNet" xlink:label="element1501"/>
<label xlink:type="resource" xlink:label="label1501" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_vno_FiniteLivedIntangibleLiabilitiesNet_en-US"> Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1501" xlink:to="label1501"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleLiabilitiesNet" xlink:label="element1502"/>
<label xlink:type="resource" xlink:label="label1502" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FiniteLivedIntangibleLiabilitiesNet_en-US"> Finite Lived Intangible Liabilities Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1502" xlink:to="label1502"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork1290AvenueOfAmericasMember" xlink:label="element1503"/>
<label xlink:type="resource" xlink:label="label1503" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYork1290AvenueOfAmericasMember_en-US"> New York Office 1290 Avenue Of The Americas [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1503" xlink:to="label1503"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork1290AvenueOfAmericasMember" xlink:label="element1504"/>
<label xlink:type="resource" xlink:label="label1504" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYork1290AvenueOfAmericasMember_en-US"> New York 1290 Avenue Of Americas [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1504" xlink:to="label1504"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork1290AvenueOfAmericasMember" xlink:label="element1505"/>
<label xlink:type="resource" xlink:label="label1505" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYork1290AvenueOfAmericasMember_en-US"> New York Office 1290 Avenue Of The Americas [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1505" xlink:to="label1505"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork350ParkAvenueMember" xlink:label="element1506"/>
<label xlink:type="resource" xlink:label="label1506" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYork350ParkAvenueMember_en-US"> New York 350 Park Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1506" xlink:to="label1506"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork350ParkAvenueMember" xlink:label="element1507"/>
<label xlink:type="resource" xlink:label="label1507" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYork350ParkAvenueMember_en-US"> New York 350 Park Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1507" xlink:to="label1507"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice770BroadwayMember" xlink:label="element1508"/>
<label xlink:type="resource" xlink:label="label1508" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice770BroadwayMember_en-US"> New York Office 770 Broadway [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1508" xlink:to="label1508"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice770BroadwayMember" xlink:label="element1509"/>
<label xlink:type="resource" xlink:label="label1509" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice770BroadwayMember_en-US"> New York Office 770 Broadway [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1509" xlink:to="label1509"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice770BroadwayMember" xlink:label="element1510"/>
<label xlink:type="resource" xlink:label="label1510" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice770BroadwayMember_en-US"> New York 770 Broadway [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1510" xlink:to="label1510"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice888SeventhAvenueMember" xlink:label="element1511"/>
<label xlink:type="resource" xlink:label="label1511" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice888SeventhAvenueMember_en-US"> New York Office 888 Seventh Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1511" xlink:to="label1511"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice888SeventhAvenueMember" xlink:label="element1512"/>
<label xlink:type="resource" xlink:label="label1512" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice888SeventhAvenueMember_en-US"> New York Office 888 Seventh Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1512" xlink:to="label1512"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice888SeventhAvenueMember" xlink:label="element1513"/>
<label xlink:type="resource" xlink:label="label1513" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice888SeventhAvenueMember_en-US"> New York 888 Seventh Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1513" xlink:to="label1513"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeTwoPennPlazaMember" xlink:label="element1514"/>
<label xlink:type="resource" xlink:label="label1514" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOfficeTwoPennPlazaMember_en-US"> New York Office Two Penn Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1514" xlink:to="label1514"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeTwoPennPlazaMember" xlink:label="element1515"/>
<label xlink:type="resource" xlink:label="label1515" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOfficeTwoPennPlazaMember_en-US"> New York Office Two Penn Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1515" xlink:to="label1515"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeTwoPennPlazaMember" xlink:label="element1516"/>
<label xlink:type="resource" xlink:label="label1516" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOfficeTwoPennPlazaMember_en-US"> New York Two Penn Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1516" xlink:to="label1516"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice909ThirdAvenueMember" xlink:label="element1517"/>
<label xlink:type="resource" xlink:label="label1517" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice909ThirdAvenueMember_en-US"> New York Office 909 Third Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1517" xlink:to="label1517"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice909ThirdAvenueMember" xlink:label="element1518"/>
<label xlink:type="resource" xlink:label="label1518" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice909ThirdAvenueMember_en-US"> New York Office 909 Third Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1518" xlink:to="label1518"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice909ThirdAvenueMember" xlink:label="element1519"/>
<label xlink:type="resource" xlink:label="label1519" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice909ThirdAvenueMember_en-US"> New York 909 Third Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1519" xlink:to="label1519"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeElevenPennPlazaMember" xlink:label="element1520"/>
<label xlink:type="resource" xlink:label="label1520" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOfficeElevenPennPlazaMember_en-US"> New York Office Eleven Penn Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1520" xlink:to="label1520"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeElevenPennPlazaMember" xlink:label="element1521"/>
<label xlink:type="resource" xlink:label="label1521" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOfficeElevenPennPlazaMember_en-US"> New York Office Eleven Penn Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1521" xlink:to="label1521"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeElevenPennPlazaMember" xlink:label="element1522"/>
<label xlink:type="resource" xlink:label="label1522" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOfficeElevenPennPlazaMember_en-US"> New York Eleven Penn Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1522" xlink:to="label1522"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeSkylinePlaceMember" xlink:label="element1523"/>
<label xlink:type="resource" xlink:label="label1523" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeSkylinePlaceMember_en-US"> Washington DC Office Skyline Place [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1523" xlink:to="label1523"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeSkylinePlaceMember" xlink:label="element1524"/>
<label xlink:type="resource" xlink:label="label1524" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeSkylinePlaceMember_en-US"> Washington DC Office Skyline Place [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1524" xlink:to="label1524"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeWarnerBuildingMember" xlink:label="element1525"/>
<label xlink:type="resource" xlink:label="label1525" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeWarnerBuildingMember_en-US"> Washington DC Office Warner Building [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1525" xlink:to="label1525"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeWarnerBuildingMember" xlink:label="element1526"/>
<label xlink:type="resource" xlink:label="label1526" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeWarnerBuildingMember_en-US"> Washington DC Office Warner Building [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1526" xlink:to="label1526"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeWarnerBuildingMember" xlink:label="element1527"/>
<label xlink:type="resource" xlink:label="label1527" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOfficeWarnerBuildingMember_en-US"> Warner Building [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1527" xlink:to="label1527"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeRiverHouseApartmentsMember" xlink:label="element1528"/>
<label xlink:type="resource" xlink:label="label1528" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeRiverHouseApartmentsMember_en-US"> Washington DC Office River House Apartments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1528" xlink:to="label1528"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeRiverHouseApartmentsMember" xlink:label="element1529"/>
<label xlink:type="resource" xlink:label="label1529" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeRiverHouseApartmentsMember_en-US"> Washington DC Office River House Apartments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1529" xlink:to="label1529"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeRiverHouseApartmentsMember" xlink:label="element1530"/>
<label xlink:type="resource" xlink:label="label1530" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOfficeRiverHouseApartmentsMember_en-US"> Washington DC River House Apartments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1530" xlink:to="label1530"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeBowenBuilding87515thStreetNWMember" xlink:label="element1531"/>
<label xlink:type="resource" xlink:label="label1531" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeBowenBuilding87515thStreetNWMember_en-US"> Washington DC Office Bowen Building 875 15th Street NW [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1531" xlink:to="label1531"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeBowenBuilding87515thStreetNWMember" xlink:label="element1532"/>
<label xlink:type="resource" xlink:label="label1532" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeBowenBuilding87515thStreetNWMember_en-US"> Washington DC Office Bowen Building 875 15th Street NW [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1532" xlink:to="label1532"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeBowenBuilding87515thStreetNWMember" xlink:label="element1533"/>
<label xlink:type="resource" xlink:label="label1533" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOfficeBowenBuilding87515thStreetNWMember_en-US"> Washington DC Bowen Building 875 15th Street NW [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1533" xlink:to="label1533"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeBowenBuilding87515thStreetNWMember" xlink:label="element1534"/>
<label xlink:type="resource" xlink:label="label1534" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_WashingtonDcOfficeBowenBuilding87515thStreetNWMember_en-US"> Washington DC Bowen Building [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1534" xlink:to="label1534"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeRestonExecutiveIIiAndIiiMember" xlink:label="element1535"/>
<label xlink:type="resource" xlink:label="label1535" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeRestonExecutiveIIiAndIiiMember_en-US"> Washington DC Office Reston Executive I, II, And III [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1535" xlink:to="label1535"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeRestonExecutiveIIiAndIiiMember" xlink:label="element1536"/>
<label xlink:type="resource" xlink:label="label1536" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeRestonExecutiveIIiAndIiiMember_en-US"> Washington DC Office Reston Executive I, II, And III [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1536" xlink:to="label1536"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeRestonExecutiveIIiAndIiiMember" xlink:label="element1537"/>
<label xlink:type="resource" xlink:label="label1537" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOfficeRestonExecutiveIIiAndIiiMember_en-US"> Washington DC Office Reston Executive </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1537" xlink:to="label1537"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeRestonExecutiveIIiAndIiiMember" xlink:label="element1538"/>
<label xlink:type="resource" xlink:label="label1538" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_WashingtonDcOfficeRestonExecutiveIIiAndIiiMember_en-US"> Reston Executive [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1538" xlink:to="label1538"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeUniversalBuildingsMember" xlink:label="element1539"/>
<label xlink:type="resource" xlink:label="label1539" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeUniversalBuildingsMember_en-US"> Washington DC Office Universal Buildings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1539" xlink:to="label1539"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeUniversalBuildingsMember" xlink:label="element1540"/>
<label xlink:type="resource" xlink:label="label1540" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeUniversalBuildingsMember_en-US"> Washington DC Office Universal Buildings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1540" xlink:to="label1540"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeUniversalBuildingsMember" xlink:label="element1541"/>
<label xlink:type="resource" xlink:label="label1541" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOfficeUniversalBuildingsMember_en-US"> Washington DC Universal Buildings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1541" xlink:to="label1541"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1235ClarkStreetMember" xlink:label="element1542"/>
<label xlink:type="resource" xlink:label="label1542" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice1235ClarkStreetMember_en-US"> Washington DC Office 1235 Clark Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1542" xlink:to="label1542"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1235ClarkStreetMember" xlink:label="element1543"/>
<label xlink:type="resource" xlink:label="label1543" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice1235ClarkStreetMember_en-US"> Washington DC Office 1235 Clark Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1543" xlink:to="label1543"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1235ClarkStreetMember" xlink:label="element1544"/>
<label xlink:type="resource" xlink:label="label1544" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOffice1235ClarkStreetMember_en-US"> Washington DC 1235 S. Clark Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1544" xlink:to="label1544"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1235ClarkStreetMember" xlink:label="element1545"/>
<label xlink:type="resource" xlink:label="label1545" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_WashingtonDcOffice1235ClarkStreetMember_en-US"> Washington DC 1235 Clark Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1545" xlink:to="label1545"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1750PennsylvaniaAvenueMember" xlink:label="element1546"/>
<label xlink:type="resource" xlink:label="label1546" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice1750PennsylvaniaAvenueMember_en-US"> Washington DC Office 1750 Pennsylvania Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1546" xlink:to="label1546"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1750PennsylvaniaAvenueMember" xlink:label="element1547"/>
<label xlink:type="resource" xlink:label="label1547" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice1750PennsylvaniaAvenueMember_en-US"> Washington DC Office 1750 Pennsylvania Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1547" xlink:to="label1547"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1750PennsylvaniaAvenueMember" xlink:label="element1548"/>
<label xlink:type="resource" xlink:label="label1548" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOffice1750PennsylvaniaAvenueMember_en-US"> Washington DC 1750 Pennsylvania Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1548" xlink:to="label1548"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice18001851And1901SouthBellStreetMember" xlink:label="element1549"/>
<label xlink:type="resource" xlink:label="label1549" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice18001851And1901SouthBellStreetMember_en-US"> Washington DC Office 1800, 1851 And 1901 South Bell Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1549" xlink:to="label1549"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice18001851And1901SouthBellStreetMember" xlink:label="element1550"/>
<label xlink:type="resource" xlink:label="label1550" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice18001851And1901SouthBellStreetMember_en-US"> Washington DC Office 1800, 1851 And 1901 South Bell Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1550" xlink:to="label1550"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailSpringfieldMallMember" xlink:label="element1551"/>
<label xlink:type="resource" xlink:label="label1551" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailSpringfieldMallMember_en-US"> Retail Springfield Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1551" xlink:to="label1551"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailSpringfieldMallMember" xlink:label="element1552"/>
<label xlink:type="resource" xlink:label="label1552" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailSpringfieldMallMember_en-US"> Retail Springfield Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1552" xlink:to="label1552"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailSpringfieldMallMember" xlink:label="element1553"/>
<label xlink:type="resource" xlink:label="label1553" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RetailSpringfieldMallMember_en-US"> Retail VA Springfield Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1553" xlink:to="label1553"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailMontehiedraTownCenterMember" xlink:label="element1554"/>
<label xlink:type="resource" xlink:label="label1554" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailMontehiedraTownCenterMember_en-US"> Retail Montehiedra Town Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1554" xlink:to="label1554"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailMontehiedraTownCenterMember" xlink:label="element1555"/>
<label xlink:type="resource" xlink:label="label1555" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailMontehiedraTownCenterMember_en-US"> Retail Montehiedra Town Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1555" xlink:to="label1555"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailMontehiedraTownCenterMember" xlink:label="element1556"/>
<label xlink:type="resource" xlink:label="label1556" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RetailMontehiedraTownCenterMember_en-US"> Retail PR Montehiedra Town Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1556" xlink:to="label1556"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailBroadwayMallMember" xlink:label="element1557"/>
<label xlink:type="resource" xlink:label="label1557" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailBroadwayMallMember_en-US"> Retail Broadway Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1557" xlink:to="label1557"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailBroadwayMallMember" xlink:label="element1558"/>
<label xlink:type="resource" xlink:label="label1558" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailBroadwayMallMember_en-US"> Retail Broadway Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1558" xlink:to="label1558"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailLasCatalinasMallMember" xlink:label="element1559"/>
<label xlink:type="resource" xlink:label="label1559" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailLasCatalinasMallMember_en-US"> Retail Las Catalinas Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1559" xlink:to="label1559"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailLasCatalinasMallMember" xlink:label="element1560"/>
<label xlink:type="resource" xlink:label="label1560" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailLasCatalinasMallMember_en-US"> Retail Las Catalinas Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1560" xlink:to="label1560"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailLasCatalinasMallMember" xlink:label="element1561"/>
<label xlink:type="resource" xlink:label="label1561" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RetailLasCatalinasMallMember_en-US"> Las Catalinas Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1561" xlink:to="label1561"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartBostonDesignCenterMember" xlink:label="element1562"/>
<label xlink:type="resource" xlink:label="label1562" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MerchandiseMartBostonDesignCenterMember_en-US"> Merchandise Mart Boston Design Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1562" xlink:to="label1562"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartBostonDesignCenterMember" xlink:label="element1563"/>
<label xlink:type="resource" xlink:label="label1563" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MerchandiseMartBostonDesignCenterMember_en-US"> Merchandise Mart Boston Design Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1563" xlink:to="label1563"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartBostonDesignCenterMember" xlink:label="element1564"/>
<label xlink:type="resource" xlink:label="label1564" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MerchandiseMartBostonDesignCenterMember_en-US"> Merchandise Mart MA Boston Design Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1564" xlink:to="label1564"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartBostonDesignCenterMember" xlink:label="element1565"/>
<label xlink:type="resource" xlink:label="label1565" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_MerchandiseMartBostonDesignCenterMember_en-US"> Boston Design Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1565" xlink:to="label1565"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartWashingtonDesignCenterMember" xlink:label="element1566"/>
<label xlink:type="resource" xlink:label="label1566" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MerchandiseMartWashingtonDesignCenterMember_en-US"> Merchandise Mart Washington Design Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1566" xlink:to="label1566"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartWashingtonDesignCenterMember" xlink:label="element1567"/>
<label xlink:type="resource" xlink:label="label1567" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MerchandiseMartWashingtonDesignCenterMember_en-US"> Merchandise Mart Washington Design Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1567" xlink:to="label1567"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartWashingtonDesignCenterMember" xlink:label="element1568"/>
<label xlink:type="resource" xlink:label="label1568" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MerchandiseMartWashingtonDesignCenterMember_en-US"> Merchandise Mart DC Washington Design Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1568" xlink:to="label1568"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartWashingtonDesignCenterMember" xlink:label="element1569"/>
<label xlink:type="resource" xlink:label="label1569" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_MerchandiseMartWashingtonDesignCenterMember_en-US"> Washington Design Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1569" xlink:to="label1569"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_Other555CaliforniaStreetMember" xlink:label="element1570"/>
<label xlink:type="resource" xlink:label="label1570" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_Other555CaliforniaStreetMember_en-US"> Other 555 California Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1570" xlink:to="label1570"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_Other555CaliforniaStreetMember" xlink:label="element1571"/>
<label xlink:type="resource" xlink:label="label1571" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_Other555CaliforniaStreetMember_en-US"> Other 555 California Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1571" xlink:to="label1571"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeManhattanMallMember" xlink:label="element1572"/>
<label xlink:type="resource" xlink:label="label1572" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOfficeManhattanMallMember_en-US"> New York Office Manhattan Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1572" xlink:to="label1572"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeManhattanMallMember" xlink:label="element1573"/>
<label xlink:type="resource" xlink:label="label1573" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOfficeManhattanMallMember_en-US"> New York Office Manhattan Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1573" xlink:to="label1573"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeManhattanMallMember" xlink:label="element1574"/>
<label xlink:type="resource" xlink:label="label1574" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOfficeManhattanMallMember_en-US"> New York Manhattan Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1574" xlink:to="label1574"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice866UnPlazaMember" xlink:label="element1575"/>
<label xlink:type="resource" xlink:label="label1575" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice866UnPlazaMember_en-US"> New York Office 866 UN Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1575" xlink:to="label1575"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice866UnPlazaMember" xlink:label="element1576"/>
<label xlink:type="resource" xlink:label="label1576" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice866UnPlazaMember_en-US"> New York Office 866 UN Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1576" xlink:to="label1576"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice866UnPlazaMember" xlink:label="element1577"/>
<label xlink:type="resource" xlink:label="label1577" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice866UnPlazaMember_en-US"> New York 866 UN Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1577" xlink:to="label1577"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice2101LStreetMember" xlink:label="element1578"/>
<label xlink:type="resource" xlink:label="label1578" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice2101LStreetMember_en-US"> Washington DC Office 2101 L Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1578" xlink:to="label1578"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice2101LStreetMember" xlink:label="element1579"/>
<label xlink:type="resource" xlink:label="label1579" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice2101LStreetMember_en-US"> Washington DC Office 2101 L Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1579" xlink:to="label1579"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice2101LStreetMember" xlink:label="element1580"/>
<label xlink:type="resource" xlink:label="label1580" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOffice2101LStreetMember_en-US"> Washington DC 2101 L Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1580" xlink:to="label1580"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailGreenAcresMallMember" xlink:label="element1581"/>
<label xlink:type="resource" xlink:label="label1581" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailGreenAcresMallMember_en-US"> Retail Green Acres Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1581" xlink:to="label1581"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailGreenAcresMallMember" xlink:label="element1582"/>
<label xlink:type="resource" xlink:label="label1582" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailGreenAcresMallMember_en-US"> Retail Green Acres Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1582" xlink:to="label1582"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailGreenAcresMallMember" xlink:label="element1583"/>
<label xlink:type="resource" xlink:label="label1583" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RetailGreenAcresMallMember_en-US"> Green Acres Mall [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1583" xlink:to="label1583"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailBergenTownCenterMember" xlink:label="element1584"/>
<label xlink:type="resource" xlink:label="label1584" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailBergenTownCenterMember_en-US"> Retail Bergen Town Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1584" xlink:to="label1584"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailBergenTownCenterMember" xlink:label="element1585"/>
<label xlink:type="resource" xlink:label="label1585" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailBergenTownCenterMember_en-US"> Retail Bergen Town Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1585" xlink:to="label1585"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailBergenTownCenterMember" xlink:label="element1586"/>
<label xlink:type="resource" xlink:label="label1586" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RetailBergenTownCenterMember_en-US"> Retail NJ Paramus (Bergen Town Center) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1586" xlink:to="label1586"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailCaLosAngelesBeverlyConnectionMember" xlink:label="element1587"/>
<label xlink:type="resource" xlink:label="label1587" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailCaLosAngelesBeverlyConnectionMember_en-US"> Retail CA Los Angeles Beverly Connection [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1587" xlink:to="label1587"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailCaLosAngelesBeverlyConnectionMember" xlink:label="element1588"/>
<label xlink:type="resource" xlink:label="label1588" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailCaLosAngelesBeverlyConnectionMember_en-US"> Retail CA Los Angeles Beverly Connection [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1588" xlink:to="label1588"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailOtherMember" xlink:label="element1589"/>
<label xlink:type="resource" xlink:label="label1589" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailOtherMember_en-US"> Retail Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1589" xlink:to="label1589"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailOtherMember" xlink:label="element1590"/>
<label xlink:type="resource" xlink:label="label1590" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailOtherMember_en-US"> Retail Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1590" xlink:to="label1590"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherOtherMember" xlink:label="element1591"/>
<label xlink:type="resource" xlink:label="label1591" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherOtherMember_en-US"> Other Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1591" xlink:to="label1591"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherOtherMember" xlink:label="element1592"/>
<label xlink:type="resource" xlink:label="label1592" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherOtherMember_en-US"> Other Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1592" xlink:to="label1592"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesDue2015Member" xlink:label="element1593"/>
<label xlink:type="resource" xlink:label="label1593" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorUnsecuredNotesDue2015Member_en-US"> Senior Unsecured Notes Due 2015 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1593" xlink:to="label1593"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesDue2015Member" xlink:label="element1594"/>
<label xlink:type="resource" xlink:label="label1594" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorUnsecuredNotesDue2015Member_en-US"> Senior Unsecured Notes Due 2015 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1594" xlink:to="label1594"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesDue2039Member" xlink:label="element1595"/>
<label xlink:type="resource" xlink:label="label1595" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorUnsecuredNotesDue2039Member_en-US"> Senior Unsecured Notes Due 2039 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1595" xlink:to="label1595"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesDue2039Member" xlink:label="element1596"/>
<label xlink:type="resource" xlink:label="label1596" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorUnsecuredNotesDue2039Member_en-US"> Senior Unsecured Notes Due 2039 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1596" xlink:to="label1596"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeableSeniorDebenture388Due2025Member" xlink:label="element1597"/>
<label xlink:type="resource" xlink:label="label1597" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ExchangeableSeniorDebenture388Due2025Member_en-US"> Exchangeable Senior Debenture 3.88% Due 2025 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1597" xlink:to="label1597"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeableSeniorDebenture388Due2025Member" xlink:label="element1598"/>
<label xlink:type="resource" xlink:label="label1598" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ExchangeableSeniorDebenture388Due2025Member_en-US"> Exchangeable Senior Debenture 3.88% Due 2025 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1598" xlink:to="label1598"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeableSeniorDebenture388Due2025Member" xlink:label="element1599"/>
<label xlink:type="resource" xlink:label="label1599" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ExchangeableSeniorDebenture388Due2025Member_en-US"> Exchangeable Senior Debenture 3.88% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1599" xlink:to="label1599"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConvertibleSeniorDebenture285Due2027Member" xlink:label="element1600"/>
<label xlink:type="resource" xlink:label="label1600" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ConvertibleSeniorDebenture285Due2027Member_en-US"> Convertible Senior Debenture 2.85% Due 2027 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1600" xlink:to="label1600"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConvertibleSeniorDebenture285Due2027Member" xlink:label="element1601"/>
<label xlink:type="resource" xlink:label="label1601" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ConvertibleSeniorDebenture285Due2027Member_en-US"> Convertible Senior Debenture 2.85% Due 2027 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1601" xlink:to="label1601"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConvertibleSeniorDebenture285Due2027Member" xlink:label="element1602"/>
<label xlink:type="resource" xlink:label="label1602" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ConvertibleSeniorDebenture285Due2027Member_en-US"> Convertible Senior Debenture 2.85% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1602" xlink:to="label1602"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesBalanceSheetScheduleTableTextBlock" xlink:label="element1603"/>
<label xlink:type="resource" xlink:label="label1603" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesBalanceSheetScheduleTableTextBlock_en-US"> This element represents the disclosure related to the convertible and exchangeable senior debentures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1603" xlink:to="label1603"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesBalanceSheetScheduleTableTextBlock" xlink:label="element1604"/>
<label xlink:type="resource" xlink:label="label1604" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesBalanceSheetScheduleTableTextBlock_en-US"> Disclosures Of Convertible And Exchangeable Senior Debentures Balance Sheet Schedule [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1604" xlink:to="label1604"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesBalanceSheetScheduleTableTextBlock" xlink:label="element1605"/>
<label xlink:type="resource" xlink:label="label1605" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesBalanceSheetScheduleTableTextBlock_en-US"> Convertible And Exchangeable Senior Debentures, Balance Sheet Schedule </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1605" xlink:to="label1605"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesIncomeStatementScheduleTableTextBlock" xlink:label="element1606"/>
<label xlink:type="resource" xlink:label="label1606" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesIncomeStatementScheduleTableTextBlock_en-US"> Disclosures Of Convertible And Exchangeable Senior Debentures Income Statement Schedule </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1606" xlink:to="label1606"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesIncomeStatementScheduleTableTextBlock" xlink:label="element1607"/>
<label xlink:type="resource" xlink:label="label1607" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesIncomeStatementScheduleTableTextBlock_en-US"> Disclosures Of Convertible And Exchangeable Senior Debentures Income Statement Schedule [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1607" xlink:to="label1607"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesIncomeStatementScheduleTableTextBlock" xlink:label="element1608"/>
<label xlink:type="resource" xlink:label="label1608" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DisclosuresOfConvertibleAndExchangeableSeniorDebenturesIncomeStatementScheduleTableTextBlock_en-US"> Disclosures of convertible and exchangeable senior debentures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1608" xlink:to="label1608"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CouponInterestOfDebtDiscountPremium" xlink:label="element1609"/>
<label xlink:type="resource" xlink:label="label1609" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CouponInterestOfDebtDiscountPremium_en-US"> Coupon Interest Of Debt Discount Premium </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1609" xlink:to="label1609"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CouponInterestOfDebtDiscountPremium" xlink:label="element1610"/>
<label xlink:type="resource" xlink:label="label1610" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CouponInterestOfDebtDiscountPremium_en-US"> Coupon Interest Of Debt (Discount) Premium </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1610" xlink:to="label1610"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DiscountAmortizationOriginalOfDebtDiscountPremium" xlink:label="element1611"/>
<label xlink:type="resource" xlink:label="label1611" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DiscountAmortizationOriginalOfDebtDiscountPremium_en-US"> Discount Amortization Original Of Debt (Discount) Premium </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1611" xlink:to="label1611"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DiscountAmortizationOriginalOfDebtDiscountPremium" xlink:label="element1612"/>
<label xlink:type="resource" xlink:label="label1612" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DiscountAmortizationOriginalOfDebtDiscountPremium_en-US"> Discount Amortization Original Of Debt (Discount) Premium </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1612" xlink:to="label1612"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DiscountAmortizationAsc47020OfDebtDiscountPremium" xlink:label="element1613"/>
<label xlink:type="resource" xlink:label="label1613" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DiscountAmortizationAsc47020OfDebtDiscountPremium_en-US"> Discount Amortization ASC470-20 Of Debt (Discount) Premium </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1613" xlink:to="label1613"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DiscountAmortizationAsc47020OfDebtDiscountPremium" xlink:label="element1614"/>
<label xlink:type="resource" xlink:label="label1614" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DiscountAmortizationAsc47020OfDebtDiscountPremium_en-US"> Discount Amortization ASC470-20 Of Debt (Discount) Premium </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1614" xlink:to="label1614"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesMember" xlink:label="element1615"/>
<label xlink:type="resource" xlink:label="label1615" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorUnsecuredNotesMember_en-US"> Senior Unsecured Notes [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1615" xlink:to="label1615"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesMember" xlink:label="element1616"/>
<label xlink:type="resource" xlink:label="label1616" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorUnsecuredNotesMember_en-US"> Senior Unsecured Notes [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1616" xlink:to="label1616"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestsTextBlock" xlink:label="element1617"/>
<label xlink:type="resource" xlink:label="label1617" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RedeemableNoncontrollingInterestsTextBlock_en-US"> Redeemable Noncontrolling Interests [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1617" xlink:to="label1617"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestsTextBlock" xlink:label="element1618"/>
<label xlink:type="resource" xlink:label="label1618" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RedeemableNoncontrollingInterestsTextBlock_en-US"> Redeemable Noncontrolling Interests [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1618" xlink:to="label1618"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestsTextBlock" xlink:label="element1619"/>
<label xlink:type="resource" xlink:label="label1619" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RedeemableNoncontrollingInterestsTextBlock_en-US"> Redeemable Noncontrolling Interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1619" xlink:to="label1619"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestsPolicyTextBlock" xlink:label="element1620"/>
<label xlink:type="resource" xlink:label="label1620" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RedeemableNoncontrollingInterestsPolicyTextBlock_en-US"> Redeemable Noncontrolling Interests Policy [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1620" xlink:to="label1620"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestsPolicyTextBlock" xlink:label="element1621"/>
<label xlink:type="resource" xlink:label="label1621" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RedeemableNoncontrollingInterestsPolicyTextBlock_en-US"> Redeemable Noncontrolling Interests Policy [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1621" xlink:to="label1621"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestsPolicyTextBlock" xlink:label="element1622"/>
<label xlink:type="resource" xlink:label="label1622" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RedeemableNoncontrollingInterestsPolicyTextBlock_en-US"> Redeemable Noncontrolling Interests Policy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1622" xlink:to="label1622"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SummaryOfActivityOfRedeemableNoncontrollingInterestsTextBlock" xlink:label="element1623"/>
<label xlink:type="resource" xlink:label="label1623" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SummaryOfActivityOfRedeemableNoncontrollingInterestsTextBlock_en-US"> Summary Of Activity Of Redeemable Noncontrolling Interests [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1623" xlink:to="label1623"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SummaryOfActivityOfRedeemableNoncontrollingInterestsTextBlock" xlink:label="element1624"/>
<label xlink:type="resource" xlink:label="label1624" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SummaryOfActivityOfRedeemableNoncontrollingInterestsTextBlock_en-US"> Summary Of Activity Of Redeemable Noncontrolling Interests [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1624" xlink:to="label1624"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SummaryOfActivityOfRedeemableNoncontrollingInterestsTextBlock" xlink:label="element1625"/>
<label xlink:type="resource" xlink:label="label1625" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SummaryOfActivityOfRedeemableNoncontrollingInterestsTextBlock_en-US"> Summary Of Activity Of Redeemable Noncontrolling Interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1625" xlink:to="label1625"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherNetAttributableToRedeemableNoncontrollingInterest" xlink:label="element1626"/>
<label xlink:type="resource" xlink:label="label1626" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherNetAttributableToRedeemableNoncontrollingInterest_en-US"> Other Net Attributable To Redeemable Noncontrolling Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1626" xlink:to="label1626"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherNetAttributableToRedeemableNoncontrollingInterest" xlink:label="element1627"/>
<label xlink:type="resource" xlink:label="label1627" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherNetAttributableToRedeemableNoncontrollingInterest_en-US"> Other Net Attributable To Redeemable Noncontrolling Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1627" xlink:to="label1627"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherNetAttributableToRedeemableNoncontrollingInterest" xlink:label="element1628"/>
<label xlink:type="resource" xlink:label="label1628" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_OtherNetAttributableToRedeemableNoncontrollingInterest_en-US"> Other, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1628" xlink:to="label1628"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CumulativeRedeemablePreferredUnitsRedemptionAmount" xlink:label="element1629"/>
<label xlink:type="resource" xlink:label="label1629" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CumulativeRedeemablePreferredUnitsRedemptionAmount_en-US"> This item represent the total redemption amount for units redeemed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1629" xlink:to="label1629"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CumulativeRedeemablePreferredUnitsRedemptionAmount" xlink:label="element1630"/>
<label xlink:type="resource" xlink:label="label1630" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CumulativeRedeemablePreferredUnitsRedemptionAmount_en-US"> Cumulative Redeemable Preferred Units Redemption Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1630" xlink:to="label1630"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CumulativeRedeemablePreferredUnitsRedemptionAmount" xlink:label="element1631"/>
<label xlink:type="resource" xlink:label="label1631" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_CumulativeRedeemablePreferredUnitsRedemptionAmount_en-US"> Cumulative Redeemable Preferred Units Redemption Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1631" xlink:to="label1631"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainOnRedemptionOfCumulativeRedeemablePreferredUnits" xlink:label="element1632"/>
<label xlink:type="resource" xlink:label="label1632" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NetGainOnRedemptionOfCumulativeRedeemablePreferredUnits_en-US"> This item represent the gain or loss associated with the redemption of Series D-12 unit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1632" xlink:to="label1632"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainOnRedemptionOfCumulativeRedeemablePreferredUnits" xlink:label="element1633"/>
<label xlink:type="resource" xlink:label="label1633" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetGainOnRedemptionOfCumulativeRedeemablePreferredUnits_en-US"> Net Gain On Redemption Of Cumulative Redeemable Preferred Units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1633" xlink:to="label1633"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DisposalGroupIncludingDiscontinuedOperationTotalExpenses" xlink:label="element1634"/>
<label xlink:type="resource" xlink:label="label1634" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DisposalGroupIncludingDiscontinuedOperationTotalExpenses_en-US"> Disposal Group Including Discontinued Operation Total Expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1634" xlink:to="label1634"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DisposalGroupIncludingDiscontinuedOperationTotalExpenses" xlink:label="element1635"/>
<label xlink:type="resource" xlink:label="label1635" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DisposalGroupIncludingDiscontinuedOperationTotalExpenses_en-US"> Disposal Group Including Discontinued Operation Total Expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1635" xlink:to="label1635"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DisposalGroupIncludingDiscontinuedOperationTotalExpenses" xlink:label="element1636"/>
<label xlink:type="resource" xlink:label="label1636" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DisposalGroupIncludingDiscontinuedOperationTotalExpenses_en-US"> Total expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1636" xlink:to="label1636"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfFeeAndOtherIncomeTextBlock" xlink:label="element1637"/>
<label xlink:type="resource" xlink:label="label1637" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ScheduleOfFeeAndOtherIncomeTextBlock_en-US"> This item represents the details of revenue, comprised of base and incentive revenue derived from the management of joint ventures, managing third-party properties, or another entity's operations, and all other real estate revenue not otherwise specified in the taxonomy. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1637" xlink:to="label1637"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfFeeAndOtherIncomeTextBlock" xlink:label="element1638"/>
<label xlink:type="resource" xlink:label="label1638" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ScheduleOfFeeAndOtherIncomeTextBlock_en-US"> Schedule Of Fee And Other Income [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1638" xlink:to="label1638"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfFeeAndOtherIncomeTextBlock" xlink:label="element1639"/>
<label xlink:type="resource" xlink:label="label1639" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_ScheduleOfFeeAndOtherIncomeTextBlock_en-US"> Fee and Other Income (Table) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1639" xlink:to="label1639"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TenantCleaningFees" xlink:label="element1640"/>
<label xlink:type="resource" xlink:label="label1640" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TenantCleaningFees_en-US"> This item represents the fees earned from providing cleaning services to the tenants. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1640" xlink:to="label1640"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TenantCleaningFees" xlink:label="element1641"/>
<label xlink:type="resource" xlink:label="label1641" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TenantCleaningFees_en-US"> Tenant Cleaning Fees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1641" xlink:to="label1641"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TenantCleaningFees" xlink:label="element1642"/>
<label xlink:type="resource" xlink:label="label1642" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_TenantCleaningFees_en-US"> BMS cleaning fees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1642" xlink:to="label1642"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ManagementAndLeasingFees" xlink:label="element1643"/>
<label xlink:type="resource" xlink:label="label1643" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ManagementAndLeasingFees_en-US"> This item represents the revenue earned from the management of joint ventures, managing third-party properties, or another entity's operations and revenues earned from leasing space for third-party properties. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1643" xlink:to="label1643"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ManagementAndLeasingFees" xlink:label="element1644"/>
<label xlink:type="resource" xlink:label="label1644" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ManagementAndLeasingFees_en-US"> Management And Leasing Fees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1644" xlink:to="label1644"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ManagementAndLeasingFees" xlink:label="element1645"/>
<label xlink:type="resource" xlink:label="label1645" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ManagementAndLeasingFees_en-US"> Management and leasing fees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1645" xlink:to="label1645"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseTerminationFees" xlink:label="element1646"/>
<label xlink:type="resource" xlink:label="label1646" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LeaseTerminationFees_en-US"> This item represents the revenue received due to early termination of leases. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1646" xlink:to="label1646"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseTerminationFees" xlink:label="element1647"/>
<label xlink:type="resource" xlink:label="label1647" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LeaseTerminationFees_en-US"> Lease Termination Fees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1647" xlink:to="label1647"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseTerminationFees" xlink:label="element1648"/>
<label xlink:type="resource" xlink:label="label1648" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_LeaseTerminationFees_en-US"> Lease termination fees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1648" xlink:to="label1648"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncomeTextBlock" xlink:label="element1649"/>
<label xlink:type="resource" xlink:label="label1649" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FeeAndOtherIncomeTextBlock_en-US"> Schedule of revenue, comprised of base and incentive revenue derived from the management of joint ventures, managing third-party properties, or another entity's operations, and other real estate revenue not otherwise specified in the taxonomy. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1649" xlink:to="label1649"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncomeTextBlock" xlink:label="element1650"/>
<label xlink:type="resource" xlink:label="label1650" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FeeAndOtherIncomeTextBlock_en-US"> Fee and Other Income [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1650" xlink:to="label1650"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncomeTextBlock" xlink:label="element1651"/>
<label xlink:type="resource" xlink:label="label1651" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FeeAndOtherIncomeTextBlock_en-US"> Fee and Other Income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1651" xlink:to="label1651"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumeratorForBasicIncomePerShare" xlink:label="element1652"/>
<label xlink:type="resource" xlink:label="label1652" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumeratorForBasicIncomePerShare_en-US"> Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period) and earnings allocated to participating securities. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1652" xlink:to="label1652"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumeratorForBasicIncomePerShare" xlink:label="element1653"/>
<label xlink:type="resource" xlink:label="label1653" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumeratorForBasicIncomePerShare_en-US"> Numerator For Basic Income Per Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1653" xlink:to="label1653"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumeratorForBasicIncomePerShare" xlink:label="element1654"/>
<label xlink:type="resource" xlink:label="label1654" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_vno_NumeratorForBasicIncomePerShare_en-US"> Numerator for basic income per share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1654" xlink:to="label1654"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AllRiskAndRentalValueMember" xlink:label="element1655"/>
<label xlink:type="resource" xlink:label="label1655" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AllRiskAndRentalValueMember_en-US"> Amount of all risk and rental value insurance coverage against damages to property. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1655" xlink:to="label1655"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AllRiskAndRentalValueMember" xlink:label="element1656"/>
<label xlink:type="resource" xlink:label="label1656" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AllRiskAndRentalValueMember_en-US"> All Risk And Rental Value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1656" xlink:to="label1656"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EarthquakeCaliforniaPropertiesMember" xlink:label="element1657"/>
<label xlink:type="resource" xlink:label="label1657" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EarthquakeCaliforniaPropertiesMember_en-US"> Amount of insurance coverage against damages to property caused by earthquakes in California. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1657" xlink:to="label1657"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EarthquakeCaliforniaPropertiesMember" xlink:label="element1658"/>
<label xlink:type="resource" xlink:label="label1658" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EarthquakeCaliforniaPropertiesMember_en-US"> Earthquake California Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1658" xlink:to="label1658"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NbcrLossesMember" xlink:label="element1659"/>
<label xlink:type="resource" xlink:label="label1659" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NbcrLossesMember_en-US"> Amount of insurance coverage against damages to property caused by acts of terrorism including nuclear, biological, chemical and radiological acts as defined by TRIA. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1659" xlink:to="label1659"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NbcrLossesMember" xlink:label="element1660"/>
<label xlink:type="resource" xlink:label="label1660" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NbcrLossesMember_en-US"> NBCR Losses [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1660" xlink:to="label1660"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_HStreetMember" xlink:label="element1661"/>
<label xlink:type="resource" xlink:label="label1661" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_HStreetMember_en-US"> Relating to the lawsuit with tenancy in the land in Arlington County, Virginia. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1661" xlink:to="label1661"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_HStreetMember" xlink:label="element1662"/>
<label xlink:type="resource" xlink:label="label1662" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_HStreetMember_en-US"> H Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1662" xlink:to="label1662"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AvenueOfAmericas1290And555CaliforniaStreetComplexMember" xlink:label="element1663"/>
<label xlink:type="resource" xlink:label="label1663" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AvenueOfAmericas1290And555CaliforniaStreetComplexMember_en-US"> Relating to the ownership of Avenue of the Americas 1290 and 555 California Street Complex, which are subject to some disputed by Donald J Trump </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1663" xlink:to="label1663"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AvenueOfAmericas1290And555CaliforniaStreetComplexMember" xlink:label="element1664"/>
<label xlink:type="resource" xlink:label="label1664" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AvenueOfAmericas1290And555CaliforniaStreetComplexMember_en-US"> Avenue Of Americas 1290 And 555 California Street Complex [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1664" xlink:to="label1664"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AvenueOfAmericas1290And555CaliforniaStreetComplexMember" xlink:label="element1665"/>
<label xlink:type="resource" xlink:label="label1665" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_AvenueOfAmericas1290And555CaliforniaStreetComplexMember_en-US"> Remaining limited partnership interest in the partnerships that own 1290 Avenue of the Americas and 555 California Street complex owned by Donald Trump </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1665" xlink:to="label1665"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AvenueOfAmericas1290And555CaliforniaStreetComplexMember" xlink:label="element1666"/>
<label xlink:type="resource" xlink:label="label1666" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_AvenueOfAmericas1290And555CaliforniaStreetComplexMember_en-US"> Avenue of the Americas 1290 and 555 California Street Complex [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1666" xlink:to="label1666"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StopShopMember" xlink:label="element1667"/>
<label xlink:type="resource" xlink:label="label1667" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_StopShopMember_en-US"> Relating to Stop & Shop and the complaint filed with the United States District Court for the District of New Jersey about the collection of annual rent. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1667" xlink:to="label1667"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StopShopMember" xlink:label="element1668"/>
<label xlink:type="resource" xlink:label="label1668" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_StopShopMember_en-US"> Stop & Shop [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1668" xlink:to="label1668"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ComplaintRegardingRentAllocation" xlink:label="element1669"/>
<label xlink:type="resource" xlink:label="label1669" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ComplaintRegardingRentAllocation_en-US"> Stop & Shop complaint regarding rent allocated to East Brunswick, Jersey City, Middletown, Union, and Woodbridge leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1669" xlink:to="label1669"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ComplaintRegardingRentAllocation" xlink:label="element1670"/>
<label xlink:type="resource" xlink:label="label1670" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ComplaintRegardingRentAllocation_en-US"> Complaint Regarding Rent Allocation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1670" xlink:to="label1670"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ComplaintRegardingRentAllocation" xlink:label="element1671"/>
<label xlink:type="resource" xlink:label="label1671" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_ComplaintRegardingRentAllocation_en-US"> Stop & Shop complaint regarding rent allocated to East Brunswick, Jersey City, Middletown, Union, and Woodbridge leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1671" xlink:to="label1671"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommitmentToFundAdditionalCapitalToPartiallyOwnedEntities" xlink:label="element1672"/>
<label xlink:type="resource" xlink:label="label1672" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CommitmentToFundAdditionalCapitalToPartiallyOwnedEntities_en-US"> Approximate amount of the commitment to fund Central Park South project </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1672" xlink:to="label1672"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommitmentToFundAdditionalCapitalToPartiallyOwnedEntities" xlink:label="element1673"/>
<label xlink:type="resource" xlink:label="label1673" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CommitmentToFundAdditionalCapitalToPartiallyOwnedEntities_en-US"> Commitment to Fund Additional Capital to Partially Owned Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1673" xlink:to="label1673"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommitmentToFundAdditionalCapitalToPartiallyOwnedEntities" xlink:label="element1674"/>
<label xlink:type="resource" xlink:label="label1674" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_CommitmentToFundAdditionalCapitalToPartiallyOwnedEntities_en-US"> Commitment to fund additional capital to partially owned entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1674" xlink:to="label1674"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GuaranteesAndMasterLeases" xlink:label="element1675"/>
<label xlink:type="resource" xlink:label="label1675" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_GuaranteesAndMasterLeases_en-US"> Guarantees And Master Leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1675" xlink:to="label1675"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GuaranteesAndMasterLeases" xlink:label="element1676"/>
<label xlink:type="resource" xlink:label="label1676" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_GuaranteesAndMasterLeases_en-US"> Guarantees And Master Leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1676" xlink:to="label1676"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GuaranteesAndMasterLeases" xlink:label="element1677"/>
<label xlink:type="resource" xlink:label="label1677" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_GuaranteesAndMasterLeases_en-US"> Guarantees and master leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1677" xlink:to="label1677"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FederalGovernmentDeductiblePercentageOfBalanceOfCoveredLoss" xlink:label="element1678"/>
<label xlink:type="resource" xlink:label="label1678" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FederalGovernmentDeductiblePercentageOfBalanceOfCoveredLoss_en-US"> Federal Government Deductible Percentage Of Balance Of A Covered Loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1678" xlink:to="label1678"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FederalGovernmentDeductiblePercentageOfBalanceOfCoveredLoss" xlink:label="element1679"/>
<label xlink:type="resource" xlink:label="label1679" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FederalGovernmentDeductiblePercentageOfBalanceOfCoveredLoss_en-US"> Federal Government Deductible Percentage Of Balance Of Covered Loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1679" xlink:to="label1679"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FederalGovernmentDeductiblePercentageOfBalanceOfCoveredLoss" xlink:label="element1680"/>
<label xlink:type="resource" xlink:label="label1680" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_FederalGovernmentDeductiblePercentageOfBalanceOfCoveredLoss_en-US"> Federal government deductible, percentage of balance of a covered loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1680" xlink:to="label1680"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FederalGovernmentDeductiblePercentageOfBalanceOfCoveredLoss" xlink:label="element1681"/>
<label xlink:type="resource" xlink:label="label1681" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FederalGovernmentDeductiblePercentageOfBalanceOfCoveredLoss_en-US"> Federal Government Deductible, Percentage Of Balance Of A Covered Loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1681" xlink:to="label1681"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InsuranceLimitPerOccurrence" xlink:label="element1682"/>
<label xlink:type="resource" xlink:label="label1682" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InsuranceLimitPerOccurrence_en-US"> Insurance Limit Per Occurrence </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1682" xlink:to="label1682"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InsuranceLimitPerOccurrence" xlink:label="element1683"/>
<label xlink:type="resource" xlink:label="label1683" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InsuranceLimitPerOccurrence_en-US"> Insurance Limit Per Occurrence </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1683" xlink:to="label1683"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InsuranceLimitPerOccurrence" xlink:label="element1684"/>
<label xlink:type="resource" xlink:label="label1684" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_InsuranceLimitPerOccurrence_en-US"> Insurance limit per occurrence and in the aggregate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1684" xlink:to="label1684"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegistrantDeductibleAnnualAggregate" xlink:label="element1685"/>
<label xlink:type="resource" xlink:label="label1685" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RegistrantDeductibleAnnualAggregate_en-US"> Vornado deductible, annual aggregate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1685" xlink:to="label1685"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegistrantDeductibleAnnualAggregate" xlink:label="element1686"/>
<label xlink:type="resource" xlink:label="label1686" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RegistrantDeductibleAnnualAggregate_en-US"> Registrant Deductible Annual Aggregate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1686" xlink:to="label1686"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegistrantDeductibleAnnualAggregate" xlink:label="element1687"/>
<label xlink:type="resource" xlink:label="label1687" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RegistrantDeductibleAnnualAggregate_en-US"> Vornado deductible, annual aggregate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1687" xlink:to="label1687"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegistrantDeductiblePercentageOfPropertyValue" xlink:label="element1688"/>
<label xlink:type="resource" xlink:label="label1688" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RegistrantDeductiblePercentageOfPropertyValue_en-US"> Vornado deductible, percentage of property value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1688" xlink:to="label1688"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegistrantDeductiblePercentageOfPropertyValue" xlink:label="element1689"/>
<label xlink:type="resource" xlink:label="label1689" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RegistrantDeductiblePercentageOfPropertyValue_en-US"> Registrant Deductible Percentage Of Property Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1689" xlink:to="label1689"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegistrantDeductiblePercentageOfPropertyValue" xlink:label="element1690"/>
<label xlink:type="resource" xlink:label="label1690" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_RegistrantDeductiblePercentageOfPropertyValue_en-US"> Vornado deductible, percentage of property value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1690" xlink:to="label1690"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfDetailsOfOtherEbitdaTextBlock" xlink:label="element1691"/>
<label xlink:type="resource" xlink:label="label1691" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ScheduleOfDetailsOfOtherEbitdaTextBlock_en-US"> Schedule Of Details Of Other EBITDA [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1691" xlink:to="label1691"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfDetailsOfOtherEbitdaTextBlock" xlink:label="element1692"/>
<label xlink:type="resource" xlink:label="label1692" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ScheduleOfDetailsOfOtherEbitdaTextBlock_en-US"> Schedule Of Details Of Other EBITDA [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1692" xlink:to="label1692"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfDetailsOfOtherEbitdaTextBlock" xlink:label="element1693"/>
<label xlink:type="resource" xlink:label="label1693" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ScheduleOfDetailsOfOtherEbitdaTextBlock_en-US"> Details of Other EBITDA (Table) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1693" xlink:to="label1693"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EarningsBeforeInterestTaxesDepreciationAndAmortization" xlink:label="element1694"/>
<label xlink:type="resource" xlink:label="label1694" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EarningsBeforeInterestTaxesDepreciationAndAmortization_en-US"> This element represents the earnings before interest, taxes, depreciation and amortization. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1694" xlink:to="label1694"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EarningsBeforeInterestTaxesDepreciationAndAmortization" xlink:label="element1695"/>
<label xlink:type="resource" xlink:label="label1695" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EarningsBeforeInterestTaxesDepreciationAndAmortization_en-US"> Earnings Before Interest, Taxes, Depreciation, and Amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1695" xlink:to="label1695"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EarningsBeforeInterestTaxesDepreciationAndAmortization" xlink:label="element1696"/>
<label xlink:type="resource" xlink:label="label1696" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_EarningsBeforeInterestTaxesDepreciationAndAmortization_en-US"> EBITDA </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1696" xlink:to="label1696"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EarningsBeforeInterestTaxesDepreciationAndAmortization" xlink:label="element1697"/>
<label xlink:type="resource" xlink:label="label1697" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_vno_EarningsBeforeInterestTaxesDepreciationAndAmortization_en-US"> EBITDA </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1697" xlink:to="label1697"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherProperties555CaliforniaStreetMember" xlink:label="element1698"/>
<label xlink:type="resource" xlink:label="label1698" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherProperties555CaliforniaStreetMember_en-US"> Domain member used to indicate facts reported for the continuing operations of 555 California Street. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1698" xlink:to="label1698"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherProperties555CaliforniaStreetMember" xlink:label="element1699"/>
<label xlink:type="resource" xlink:label="label1699" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherProperties555CaliforniaStreetMember_en-US"> Other Properties 555 California Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1699" xlink:to="label1699"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_HotelPennsylvaniaMember" xlink:label="element1700"/>
<label xlink:type="resource" xlink:label="label1700" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_HotelPennsylvaniaMember_en-US"> Domain member used to indicate facts reported for the continuing operations of Hotel Pennsylvania. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1700" xlink:to="label1700"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_HotelPennsylvaniaMember" xlink:label="element1701"/>
<label xlink:type="resource" xlink:label="label1701" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_HotelPennsylvaniaMember_en-US"> Hotel Pennsylvania [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1701" xlink:to="label1701"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InvestmentIncomeAndOtherExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember" xlink:label="element1702"/>
<label xlink:type="resource" xlink:label="label1702" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InvestmentIncomeAndOtherExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember_en-US"> Investment income and other, excluding mark-to-market of deferred compensation plan assets and offsetting liability. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1702" xlink:to="label1702"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InvestmentIncomeAndOtherExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember" xlink:label="element1703"/>
<label xlink:type="resource" xlink:label="label1703" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InvestmentIncomeAndOtherExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember_en-US"> Investment Income And Other Excluding Mark To Market Of Deferred Compensation Plan Assets And Offsetting Liability [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1703" xlink:to="label1703"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InvestmentIncomeAndOtherExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember" xlink:label="element1704"/>
<label xlink:type="resource" xlink:label="label1704" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_InvestmentIncomeAndOtherExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember_en-US"> Investment Income and other, net [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1704" xlink:to="label1704"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CorporateGeneralAndAdministrativeExpensesExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember" xlink:label="element1705"/>
<label xlink:type="resource" xlink:label="label1705" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CorporateGeneralAndAdministrativeExpensesExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember_en-US"> Corporate general and administrative expenses, excluding mark-to-market of deferred compensation plan assets and offsetting liability. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1705" xlink:to="label1705"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CorporateGeneralAndAdministrativeExpensesExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember" xlink:label="element1706"/>
<label xlink:type="resource" xlink:label="label1706" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CorporateGeneralAndAdministrativeExpensesExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember_en-US"> Corporate General And Administrative Expenses Excluding Mark To Market Of Deferred Compensation Plan Assets And Offsetting Liability [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1706" xlink:to="label1706"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CorporateGeneralAndAdministrativeExpensesExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember" xlink:label="element1707"/>
<label xlink:type="resource" xlink:label="label1707" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_CorporateGeneralAndAdministrativeExpensesExcludingMarkToMarketOfDeferredCompensationPlanAssetsAndOffsettingLiabilityMember_en-US"> Corporate General And Administrative Expenses [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1707" xlink:to="label1707"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxExpenseIncludingPartiallyOwnedEntities" xlink:label="element1708"/>
<label xlink:type="resource" xlink:label="label1708" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IncomeTaxExpenseIncludingPartiallyOwnedEntities_en-US"> Income Tax expense (benefit) including the proportionate share of partially owned entities. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1708" xlink:to="label1708"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxExpenseIncludingPartiallyOwnedEntities" xlink:label="element1709"/>
<label xlink:type="resource" xlink:label="label1709" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxExpenseIncludingPartiallyOwnedEntities_en-US"> Income Tax Expense Including Partially Owned Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1709" xlink:to="label1709"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxExpenseIncludingPartiallyOwnedEntities" xlink:label="element1710"/>
<label xlink:type="resource" xlink:label="label1710" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IncomeTaxExpenseIncludingPartiallyOwnedEntities_en-US"> Income tax expense (benefit) (2) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1710" xlink:to="label1710"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxExpenseIncludingPartiallyOwnedEntities" xlink:label="element1711"/>
<label xlink:type="resource" xlink:label="label1711" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_IncomeTaxExpenseIncludingPartiallyOwnedEntities_en-US"> Income tax (benefit) expense excluded from EBITDA </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1711" xlink:to="label1711"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DepreciationAndAmortizationIncludingPartiallyOwnedEntities" xlink:label="element1712"/>
<label xlink:type="resource" xlink:label="label1712" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DepreciationAndAmortizationIncludingPartiallyOwnedEntities_en-US"> Depreciation and Amortization expense including the proportionate share of partially owned entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1712" xlink:to="label1712"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DepreciationAndAmortizationIncludingPartiallyOwnedEntities" xlink:label="element1713"/>
<label xlink:type="resource" xlink:label="label1713" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DepreciationAndAmortizationIncludingPartiallyOwnedEntities_en-US"> Depreciation And Amortization Including Partially Owned Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1713" xlink:to="label1713"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DepreciationAndAmortizationIncludingPartiallyOwnedEntities" xlink:label="element1714"/>
<label xlink:type="resource" xlink:label="label1714" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DepreciationAndAmortizationIncludingPartiallyOwnedEntities_en-US"> Depreciation and amortization (2) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1714" xlink:to="label1714"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DepreciationAndAmortizationIncludingPartiallyOwnedEntities" xlink:label="element1715"/>
<label xlink:type="resource" xlink:label="label1715" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_DepreciationAndAmortizationIncludingPartiallyOwnedEntities_en-US"> Depreciation and amortization excluded from EBITDA </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1715" xlink:to="label1715"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndDebtExpenseIncludingPartiallyOwnedEntities" xlink:label="element1716"/>
<label xlink:type="resource" xlink:label="label1716" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InterestAndDebtExpenseIncludingPartiallyOwnedEntities_en-US"> Interest and debt related expenses including the proportionate share of partially owned entities. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1716" xlink:to="label1716"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndDebtExpenseIncludingPartiallyOwnedEntities" xlink:label="element1717"/>
<label xlink:type="resource" xlink:label="label1717" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InterestAndDebtExpenseIncludingPartiallyOwnedEntities_en-US"> Interest And Debt Expense Including Partially Owned Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1717" xlink:to="label1717"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndDebtExpenseIncludingPartiallyOwnedEntities" xlink:label="element1718"/>
<label xlink:type="resource" xlink:label="label1718" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_InterestAndDebtExpenseIncludingPartiallyOwnedEntities_en-US"> Interest and debt expense (2) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1718" xlink:to="label1718"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndDebtExpenseIncludingPartiallyOwnedEntities" xlink:label="element1719"/>
<label xlink:type="resource" xlink:label="label1719" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_InterestAndDebtExpenseIncludingPartiallyOwnedEntities_en-US"> Interest and debt expense excluded from EBITDA </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1719" xlink:to="label1719"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansReceivableMember" xlink:label="element1720"/>
<label xlink:type="resource" xlink:label="label1720" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MezzanineLoansReceivableMember_en-US"> Mezzanine Loans Receivable [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1720" xlink:to="label1720"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansReceivableMember" xlink:label="element1721"/>
<label xlink:type="resource" xlink:label="label1721" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MezzanineLoansReceivableMember_en-US"> Mezzanine Loans Receivable [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1721" xlink:to="label1721"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndMortgagesPayableFixedRateMember" xlink:label="element1722"/>
<label xlink:type="resource" xlink:label="label1722" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NotesAndMortgagesPayableFixedRateMember_en-US"> Notes And Mortgages Payable Fixed Rate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1722" xlink:to="label1722"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndMortgagesPayableFixedRateMember" xlink:label="element1723"/>
<label xlink:type="resource" xlink:label="label1723" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NotesAndMortgagesPayableFixedRateMember_en-US"> Notes And Mortgages Payable Fixed Rate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1723" xlink:to="label1723"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndMortgagesPayableVariableRateMember" xlink:label="element1724"/>
<label xlink:type="resource" xlink:label="label1724" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NotesAndMortgagesPayableVariableRateMember_en-US"> Notes And Mortgages Payable Variable Rate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1724" xlink:to="label1724"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndMortgagesPayableVariableRateMember" xlink:label="element1725"/>
<label xlink:type="resource" xlink:label="label1725" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NotesAndMortgagesPayableVariableRateMember_en-US"> Notes And Mortgages Payable Variable Rate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1725" xlink:to="label1725"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeableSeniorDebenturesMember" xlink:label="element1726"/>
<label xlink:type="resource" xlink:label="label1726" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ExchangeableSeniorDebenturesMember_en-US"> Exchangeable Senior Debentures [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1726" xlink:to="label1726"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeableSeniorDebenturesMember" xlink:label="element1727"/>
<label xlink:type="resource" xlink:label="label1727" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ExchangeableSeniorDebenturesMember_en-US"> Exchangeable Senior Debentures [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1727" xlink:to="label1727"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConvertibleSeniorDebenturesMember" xlink:label="element1728"/>
<label xlink:type="resource" xlink:label="label1728" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ConvertibleSeniorDebenturesMember_en-US"> Convertible Senior Debentures [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1728" xlink:to="label1728"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConvertibleSeniorDebenturesMember" xlink:label="element1729"/>
<label xlink:type="resource" xlink:label="label1729" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ConvertibleSeniorDebenturesMember_en-US"> Convertible Senior Debentures [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1729" xlink:to="label1729"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnsecuredRevolvingCreditFacilitiesMember" xlink:label="element1730"/>
<label xlink:type="resource" xlink:label="label1730" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnsecuredRevolvingCreditFacilitiesMember_en-US"> Unsecured Revolving Credit Facilities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1730" xlink:to="label1730"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnsecuredRevolvingCreditFacilitiesMember" xlink:label="element1731"/>
<label xlink:type="resource" xlink:label="label1731" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnsecuredRevolvingCreditFacilitiesMember_en-US"> Unsecured Revolving Credit Facilities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1731" xlink:to="label1731"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentConvertibleConversionPricePerShare" xlink:label="element1732"/>
<label xlink:type="resource" xlink:label="label1732" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DebtInstrumentConvertibleConversionPricePerShare_en-US"> The number of equity instruments that the holder of the debt instrument would receive if the debt was converted to equity. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1732" xlink:to="label1732"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentConvertibleConversionPricePerShare" xlink:label="element1733"/>
<label xlink:type="resource" xlink:label="label1733" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DebtInstrumentConvertibleConversionPricePerShare_en-US"> Debt Instrument Convertible Conversion Price Per Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1733" xlink:to="label1733"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentConvertibleConversionPricePerShare" xlink:label="element1734"/>
<label xlink:type="resource" xlink:label="label1734" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DebtInstrumentConvertibleConversionPricePerShare_en-US"> Conversion price per share, as adjusted </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1734" xlink:to="label1734"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentConvertibleConversionPricePerShare" xlink:label="element1735"/>
<label xlink:type="resource" xlink:label="label1735" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_DebtInstrumentConvertibleConversionPricePerShare_en-US"> Number of shares on which the aggregate consideration to be delivered upon conversion is determined </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1735" xlink:to="label1735"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LiborFloor" xlink:label="element1736"/>
<label xlink:type="resource" xlink:label="label1736" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LiborFloor_en-US"> LIBOR Floor </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1736" xlink:to="label1736"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LiborFloor" xlink:label="element1737"/>
<label xlink:type="resource" xlink:label="label1737" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LiborFloor_en-US"> LIBOR Floor </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1737" xlink:to="label1737"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LiborFloor" xlink:label="element1738"/>
<label xlink:type="resource" xlink:label="label1738" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_LiborFloor_en-US"> LIBOR Floor (in percentage) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1738" xlink:to="label1738"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CumulativeRedeemablePreferredUnitsRedeemed" xlink:label="element1739"/>
<label xlink:type="resource" xlink:label="label1739" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CumulativeRedeemablePreferredUnitsRedeemed_en-US"> Cumulative Redeemable Preferred Units Redeemed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1739" xlink:to="label1739"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CumulativeRedeemablePreferredUnitsRedeemed" xlink:label="element1740"/>
<label xlink:type="resource" xlink:label="label1740" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CumulativeRedeemablePreferredUnitsRedeemed_en-US"> Cumulative Redeemable Preferred Units Redeemed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1740" xlink:to="label1740"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CumulativeRedeemablePreferredUnitsRedeemed" xlink:label="element1741"/>
<label xlink:type="resource" xlink:label="label1741" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_CumulativeRedeemablePreferredUnitsRedeemed_en-US"> Cumulative Redeemable Preferred units redeemed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1741" xlink:to="label1741"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateString" xlink:label="element1742"/>
<label xlink:type="resource" xlink:label="label1742" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DebtInstrumentMaturityDateString_en-US"> Debt Instrument Maturity Date (String) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1742" xlink:to="label1742"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateString" xlink:label="element1743"/>
<label xlink:type="resource" xlink:label="label1743" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DebtInstrumentMaturityDateString_en-US"> Debt Instrument Maturity Date (String) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1743" xlink:to="label1743"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateString" xlink:label="element1744"/>
<label xlink:type="resource" xlink:label="label1744" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DebtInstrumentMaturityDateString_en-US"> Debt Instrument Maturity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1744" xlink:to="label1744"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SecuredTermLoanFacility2Member" xlink:label="element1745"/>
<label xlink:type="resource" xlink:label="label1745" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SecuredTermLoanFacility2Member_en-US"> Secured Term Loan Facility $400 Mllion [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1745" xlink:to="label1745"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SecuredTermLoanFacility2Member" xlink:label="element1746"/>
<label xlink:type="resource" xlink:label="label1746" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SecuredTermLoanFacility2Member_en-US"> Secured Term Loan Facility 2 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1746" xlink:to="label1746"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SecuredTermLoanFacility2Member" xlink:label="element1747"/>
<label xlink:type="resource" xlink:label="label1747" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SecuredTermLoanFacility2Member_en-US"> $700 million secured term loan facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1747" xlink:to="label1747"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_West34thStreetMember" xlink:label="element1748"/>
<label xlink:type="resource" xlink:label="label1748" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_West34thStreetMember_en-US"> West 34th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1748" xlink:to="label1748"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_West34thStreetMember" xlink:label="element1749"/>
<label xlink:type="resource" xlink:label="label1749" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_West34thStreetMember_en-US"> West 34th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1749" xlink:to="label1749"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_West34thStreetMember" xlink:label="element1750"/>
<label xlink:type="resource" xlink:label="label1750" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_West34thStreetMember_en-US"> 330 West 34th Street (34.8% interest) mortgage note payable [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1750" xlink:to="label1750"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InitialEquityCommitmentsFund" xlink:label="element1751"/>
<label xlink:type="resource" xlink:label="label1751" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InitialEquityCommitmentsFund_en-US"> Initial Equity Commitments Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1751" xlink:to="label1751"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InitialEquityCommitmentsFund" xlink:label="element1752"/>
<label xlink:type="resource" xlink:label="label1752" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InitialEquityCommitmentsFund_en-US"> Initial Equity Commitments Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1752" xlink:to="label1752"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InitialEquityCommitmentsFund" xlink:label="element1753"/>
<label xlink:type="resource" xlink:label="label1753" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_InitialEquityCommitmentsFund_en-US"> Initial equity commitments for the Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1753" xlink:to="label1753"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoEquityCommitmentFund" xlink:label="element1754"/>
<label xlink:type="resource" xlink:label="label1754" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_VornadoEquityCommitmentFund_en-US"> This element represents the total commitments to the real estate fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1754" xlink:to="label1754"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoEquityCommitmentFund" xlink:label="element1755"/>
<label xlink:type="resource" xlink:label="label1755" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VornadoEquityCommitmentFund_en-US"> Vornado Equity Commitment Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1755" xlink:to="label1755"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoEquityCommitmentFund" xlink:label="element1756"/>
<label xlink:type="resource" xlink:label="label1756" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_VornadoEquityCommitmentFund_en-US"> Vornado Total Equity Commitments For The Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1756" xlink:to="label1756"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InvestmentPeriodFund" xlink:label="element1757"/>
<label xlink:type="resource" xlink:label="label1757" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InvestmentPeriodFund_en-US"> Investment Period Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1757" xlink:to="label1757"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InvestmentPeriodFund" xlink:label="element1758"/>
<label xlink:type="resource" xlink:label="label1758" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InvestmentPeriodFund_en-US"> Investment Period Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1758" xlink:to="label1758"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InvestmentPeriodFund" xlink:label="element1759"/>
<label xlink:type="resource" xlink:label="label1759" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_InvestmentPeriodFund_en-US"> Investment period for commitments of the Fund, years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1759" xlink:to="label1759"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfSharesOnWhichAggregateConsiderationToBeDeliveredUponConversionIsDetermined" xlink:label="element1760"/>
<label xlink:type="resource" xlink:label="label1760" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfSharesOnWhichAggregateConsiderationToBeDeliveredUponConversionIsDetermined_en-US"> Number of shares on which the aggregate consideration to be delivered upon conversion is determined </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1760" xlink:to="label1760"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfSharesOnWhichAggregateConsiderationToBeDeliveredUponConversionIsDetermined" xlink:label="element1761"/>
<label xlink:type="resource" xlink:label="label1761" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfSharesOnWhichAggregateConsiderationToBeDeliveredUponConversionIsDetermined_en-US"> Number Of Shares On Which Aggregate Consideration To Be Delivered Upon Conversion Is Determined </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1761" xlink:to="label1761"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfSharesOnWhichAggregateConsiderationToBeDeliveredUponConversionIsDetermined" xlink:label="element1762"/>
<label xlink:type="resource" xlink:label="label1762" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NumberOfSharesOnWhichAggregateConsiderationToBeDeliveredUponConversionIsDetermined_en-US"> Number of shares on which the aggregate consideration to be delivered upon conversion is determined </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1762" xlink:to="label1762"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansReceivableTextBlock" xlink:label="element1763"/>
<label xlink:type="resource" xlink:label="label1763" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MezzanineLoansReceivableTextBlock_en-US"> Schedule of amounts representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1763" xlink:to="label1763"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansReceivableTextBlock" xlink:label="element1764"/>
<label xlink:type="resource" xlink:label="label1764" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MezzanineLoansReceivableTextBlock_en-US"> Mezzanine Loans Receivable [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1764" xlink:to="label1764"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansReceivableTextBlock" xlink:label="element1765"/>
<label xlink:type="resource" xlink:label="label1765" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_MezzanineLoansReceivableTextBlock_en-US"> Mortgage and Mezzanine Loans Receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1765" xlink:to="label1765"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfMezzanineLoansReceivableTextBlock" xlink:label="element1766"/>
<label xlink:type="resource" xlink:label="label1766" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ScheduleOfMezzanineLoansReceivableTextBlock_en-US"> Schedule of amounts representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1766" xlink:to="label1766"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfMezzanineLoansReceivableTextBlock" xlink:label="element1767"/>
<label xlink:type="resource" xlink:label="label1767" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ScheduleOfMezzanineLoansReceivableTextBlock_en-US"> Schedule Of Mezzanine Loans Receivable [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1767" xlink:to="label1767"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfMezzanineLoansReceivableTextBlock" xlink:label="element1768"/>
<label xlink:type="resource" xlink:label="label1768" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ScheduleOfMezzanineLoansReceivableTextBlock_en-US"> Mezzanine Loans Receivable (Table) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1768" xlink:to="label1768"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits" xlink:label="element1769"/>
<label xlink:type="resource" xlink:label="label1769" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits_en-US"> Adjustments to reflect redeemable Class A Operating Partnership units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1769" xlink:to="label1769"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits" xlink:label="element1770"/>
<label xlink:type="resource" xlink:label="label1770" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits_en-US"> Adjustments To Reflect Redeemable Class Operating Partnership Units </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1770" xlink:to="label1770"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits" xlink:label="element1771"/>
<label xlink:type="resource" xlink:label="label1771" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits_en-US"> Adjustment to carry Class A redeemable units at redemption value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1771" xlink:to="label1771"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits" xlink:label="element1772"/>
<label xlink:type="resource" xlink:label="label1772" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_AdjustmentsToReflectRedeemableClassOperatingPartnershipUnits_en-US"> Adjustment to carry Class A redeemable units at redemption value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1772" xlink:to="label1772"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConversionOfClassRedeemableUnitsAtRedemptionValue" xlink:label="element1773"/>
<label xlink:type="resource" xlink:label="label1773" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ConversionOfClassRedeemableUnitsAtRedemptionValue_en-US"> Conversion Of Class A Redeemable Units At Redemption Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1773" xlink:to="label1773"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConversionOfClassRedeemableUnitsAtRedemptionValue" xlink:label="element1774"/>
<label xlink:type="resource" xlink:label="label1774" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ConversionOfClassRedeemableUnitsAtRedemptionValue_en-US"> Conversion Of Class Redeemable Units At Redemption Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1774" xlink:to="label1774"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConversionOfClassRedeemableUnitsAtRedemptionValue" xlink:label="element1775"/>
<label xlink:type="resource" xlink:label="label1775" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_ConversionOfClassRedeemableUnitsAtRedemptionValue_en-US"> Redemption of Class A units for common shares, at redemption value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1775" xlink:to="label1775"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConversionOfClassRedeemableUnitsAtRedemptionValue" xlink:label="element1776"/>
<label xlink:type="resource" xlink:label="label1776" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_ConversionOfClassRedeemableUnitsAtRedemptionValue_en-US"> Conversion of Class A redeemable units into common shares, at redemption value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1776" xlink:to="label1776"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConversionOfClassRedeemableUnitsAtRedemptionValue" xlink:label="element1777"/>
<label xlink:type="resource" xlink:label="label1777" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ConversionOfClassRedeemableUnitsAtRedemptionValue_en-US"> Conversion Of Class A Redeemable Units At Redemption Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1777" xlink:to="label1777"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansLossAccrualMember" xlink:label="element1778"/>
<label xlink:type="resource" xlink:label="label1778" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MezzanineLoansLossAccrualMember_en-US"> Mezzanine Loans Loss Accrual [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1778" xlink:to="label1778"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansLossAccrualMember" xlink:label="element1779"/>
<label xlink:type="resource" xlink:label="label1779" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MezzanineLoansLossAccrualMember_en-US"> Mezzanine Loans Loss Accrual [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1779" xlink:to="label1779"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherInvestmentIncomeMember" xlink:label="element1780"/>
<label xlink:type="resource" xlink:label="label1780" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherInvestmentIncomeMember_en-US"> Other Investment Income [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1780" xlink:to="label1780"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherInvestmentIncomeMember" xlink:label="element1781"/>
<label xlink:type="resource" xlink:label="label1781" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherInvestmentIncomeMember_en-US"> Other Investment Income [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1781" xlink:to="label1781"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarkToMarketOfDeferredCompensationPlanMember" xlink:label="element1782"/>
<label xlink:type="resource" xlink:label="label1782" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MarkToMarketOfDeferredCompensationPlanMember_en-US"> Mark to Market of deferred Compensation Plan [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1782" xlink:to="label1782"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarkToMarketOfDeferredCompensationPlanMember" xlink:label="element1783"/>
<label xlink:type="resource" xlink:label="label1783" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MarkToMarketOfDeferredCompensationPlanMember_en-US"> Mark to Market of deferred Compensation Plan [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1783" xlink:to="label1783"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarketableSecuritiesMember" xlink:label="element1784"/>
<label xlink:type="resource" xlink:label="label1784" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MarketableSecuritiesMember_en-US"> Marketable Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1784" xlink:to="label1784"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarketableSecuritiesMember" xlink:label="element1785"/>
<label xlink:type="resource" xlink:label="label1785" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MarketableSecuritiesMember_en-US"> Marketable Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1785" xlink:to="label1785"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoanOwnershipPercentage" xlink:label="element1786"/>
<label xlink:type="resource" xlink:label="label1786" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MezzanineLoanOwnershipPercentage_en-US"> The percentage of ownership in the Mezzanine Loan Investment. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1786" xlink:to="label1786"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoanOwnershipPercentage" xlink:label="element1787"/>
<label xlink:type="resource" xlink:label="label1787" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MezzanineLoanOwnershipPercentage_en-US"> Mezzanine Loan Ownership Percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1787" xlink:to="label1787"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoanOwnershipPercentage" xlink:label="element1788"/>
<label xlink:type="resource" xlink:label="label1788" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_MezzanineLoanOwnershipPercentage_en-US"> Ownership Interest in Mezzanine Loan Receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1788" xlink:to="label1788"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LnrPropertyMember" xlink:label="element1789"/>
<label xlink:type="resource" xlink:label="label1789" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LnrPropertyMember_en-US"> LNR Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1789" xlink:to="label1789"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LnrPropertyMember" xlink:label="element1790"/>
<label xlink:type="resource" xlink:label="label1790" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LnrPropertyMember_en-US"> LNR Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1790" xlink:to="label1790"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfDebtOfPartiallyOwnedEntitiesTextBlock" xlink:label="element1791"/>
<label xlink:type="resource" xlink:label="label1791" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ScheduleOfDebtOfPartiallyOwnedEntitiesTextBlock_en-US"> Schedule Of Debt Of Partially Owned Entities [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1791" xlink:to="label1791"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfDebtOfPartiallyOwnedEntitiesTextBlock" xlink:label="element1792"/>
<label xlink:type="resource" xlink:label="label1792" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ScheduleOfDebtOfPartiallyOwnedEntitiesTextBlock_en-US"> Schedule Of Debt Of Partially Owned Entities [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1792" xlink:to="label1792"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfDebtOfPartiallyOwnedEntitiesTextBlock" xlink:label="element1793"/>
<label xlink:type="resource" xlink:label="label1793" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ScheduleOfDebtOfPartiallyOwnedEntitiesTextBlock_en-US"> Schedule of debt of partially owned entities [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1793" xlink:to="label1793"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfDebtOfPartiallyOwnedEntitiesTextBlock" xlink:label="element1794"/>
<label xlink:type="resource" xlink:label="label1794" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_ScheduleOfDebtOfPartiallyOwnedEntitiesTextBlock_en-US"> Schedule Of Debt Of Partially Owned Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1794" xlink:to="label1794"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseTerminationPayment" xlink:label="element1795"/>
<label xlink:type="resource" xlink:label="label1795" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LeaseTerminationPayment_en-US"> Lease termination payment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1795" xlink:to="label1795"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseTerminationPayment" xlink:label="element1796"/>
<label xlink:type="resource" xlink:label="label1796" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LeaseTerminationPayment_en-US"> Lease termination payment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1796" xlink:to="label1796"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PpicMember" xlink:label="element1797"/>
<label xlink:type="resource" xlink:label="label1797" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PpicMember_en-US"> Relating to Penn Plaza Insurance Company's re-insurance with respect to a portion of earthquake insurance coverage and insurance with respect to coverage for acts of terrorism as defined by TRIPRA. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1797" xlink:to="label1797"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PpicMember" xlink:label="element1798"/>
<label xlink:type="resource" xlink:label="label1798" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PpicMember_en-US"> PPIC [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1798" xlink:to="label1798"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InsuranceDeductible" xlink:label="element1799"/>
<label xlink:type="resource" xlink:label="label1799" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InsuranceDeductible_en-US"> Insurance deductible </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1799" xlink:to="label1799"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InsuranceDeductible" xlink:label="element1800"/>
<label xlink:type="resource" xlink:label="label1800" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InsuranceDeductible_en-US"> Insurance deductible </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1800" xlink:to="label1800"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InsuranceDeductiblePercentageOfBalanceOfCoveredLoss" xlink:label="element1801"/>
<label xlink:type="resource" xlink:label="label1801" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InsuranceDeductiblePercentageOfBalanceOfCoveredLoss_en-US"> Insurance deductible, percentage of balance of a covered loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1801" xlink:to="label1801"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InsuranceDeductiblePercentageOfBalanceOfCoveredLoss" xlink:label="element1802"/>
<label xlink:type="resource" xlink:label="label1802" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InsuranceDeductiblePercentageOfBalanceOfCoveredLoss_en-US"> Insurance Deductible Percentage Of Balance Of Covered Loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1802" xlink:to="label1802"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InsuranceDeductiblePercentageOfBalanceOfCoveredLoss" xlink:label="element1803"/>
<label xlink:type="resource" xlink:label="label1803" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_InsuranceDeductiblePercentageOfBalanceOfCoveredLoss_en-US"> Insurance deductible, percentage of balance of a covered loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1803" xlink:to="label1803"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainOnStockIssuance" xlink:label="element1804"/>
<label xlink:type="resource" xlink:label="label1804" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_GainOnStockIssuance_en-US"> Gain On Stock Issuance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1804" xlink:to="label1804"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainOnStockIssuance" xlink:label="element1805"/>
<label xlink:type="resource" xlink:label="label1805" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_GainOnStockIssuance_en-US"> Gain on Stock Issuance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1805" xlink:to="label1805"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainOnStockIssuance" xlink:label="element1806"/>
<label xlink:type="resource" xlink:label="label1806" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_GainOnStockIssuance_en-US"> Gain on stock issuance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1806" xlink:to="label1806"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DowntownCrossingMember" xlink:label="element1807"/>
<label xlink:type="resource" xlink:label="label1807" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DowntownCrossingMember_en-US"> Downtown Crossing [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1807" xlink:to="label1807"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DowntownCrossingMember" xlink:label="element1808"/>
<label xlink:type="resource" xlink:label="label1808" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DowntownCrossingMember_en-US"> Downtown Crossing [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1808" xlink:to="label1808"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansReceivableMaturityDateRangeStart" xlink:label="element1809"/>
<label xlink:type="resource" xlink:label="label1809" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MezzanineLoansReceivableMaturityDateRangeStart_en-US"> Mezzanine Loans Receivable Maturity Date Range Start </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1809" xlink:to="label1809"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansReceivableMaturityDateRangeStart" xlink:label="element1810"/>
<label xlink:type="resource" xlink:label="label1810" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MezzanineLoansReceivableMaturityDateRangeStart_en-US"> Mezzanine Loans Receivable Maturity Date Range Start </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1810" xlink:to="label1810"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansReceivableMaturityDateRangeStart" xlink:label="element1811"/>
<label xlink:type="resource" xlink:label="label1811" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MezzanineLoansReceivableMaturityDateRangeStart_en-US"> Mezzanine Loans Receiveable - Maturity Start Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1811" xlink:to="label1811"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansReceivableMaturityDateRangeEnd" xlink:label="element1812"/>
<label xlink:type="resource" xlink:label="label1812" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MezzanineLoansReceivableMaturityDateRangeEnd_en-US"> Mezzanine Loans Receiveable - Maturity End Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1812" xlink:to="label1812"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansReceivableMaturityDateRangeEnd" xlink:label="element1813"/>
<label xlink:type="resource" xlink:label="label1813" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MezzanineLoansReceivableMaturityDateRangeEnd_en-US"> Mezzanine Loans Receivable Maturity Date Range End </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1813" xlink:to="label1813"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoansReceivableMaturityDateRangeEnd" xlink:label="element1814"/>
<label xlink:type="resource" xlink:label="label1814" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MezzanineLoansReceivableMaturityDateRangeEnd_en-US"> Mezzanine Loans Receiveable - Maturity End Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1814" xlink:to="label1814"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherEbitdaAttributableToIdentifiableInvestmentsMember" xlink:label="element1815"/>
<label xlink:type="resource" xlink:label="label1815" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherEbitdaAttributableToIdentifiableInvestmentsMember_en-US"> Other EBITDA Attributable to Identifiable Investments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1815" xlink:to="label1815"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherEbitdaAttributableToIdentifiableInvestmentsMember" xlink:label="element1816"/>
<label xlink:type="resource" xlink:label="label1816" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherEbitdaAttributableToIdentifiableInvestmentsMember_en-US"> Other EBITDA attributable to identifiable investments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1816" xlink:to="label1816"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartILChicagoMember" xlink:label="element1817"/>
<label xlink:type="resource" xlink:label="label1817" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MerchandiseMartILChicagoMember_en-US"> Merchandise Mart Merchandise Mart [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1817" xlink:to="label1817"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartILChicagoMember" xlink:label="element1818"/>
<label xlink:type="resource" xlink:label="label1818" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MerchandiseMartILChicagoMember_en-US"> Merchandise Mart IL Chicago [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1818" xlink:to="label1818"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartILChicagoMember" xlink:label="element1819"/>
<label xlink:type="resource" xlink:label="label1819" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MerchandiseMartILChicagoMember_en-US"> Merchandise Mart IL Merchandise Mart, Chicago [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1819" xlink:to="label1819"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartILChicagoMember" xlink:label="element1820"/>
<label xlink:type="resource" xlink:label="label1820" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_MerchandiseMartILChicagoMember_en-US"> Merchandise Mart Merchandise Mart [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1820" xlink:to="label1820"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityCommitmentFundTerm" xlink:label="element1821"/>
<label xlink:type="resource" xlink:label="label1821" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EquityCommitmentFundTerm_en-US"> Equity Commitment Fund Term, in years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1821" xlink:to="label1821"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityCommitmentFundTerm" xlink:label="element1822"/>
<label xlink:type="resource" xlink:label="label1822" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityCommitmentFundTerm_en-US"> Equity Commitment Fund Term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1822" xlink:to="label1822"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityCommitmentFundTerm" xlink:label="element1823"/>
<label xlink:type="resource" xlink:label="label1823" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_EquityCommitmentFundTerm_en-US"> Term of the Fund, years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1823" xlink:to="label1823"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundDetailsAbstract" xlink:label="element1824"/>
<label xlink:type="resource" xlink:label="label1824" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateFundDetailsAbstract_en-US"> Real Estate Fund Details [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1824" xlink:to="label1824"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LnrMember" xlink:label="element1825"/>
<label xlink:type="resource" xlink:label="label1825" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LnrMember_en-US"> LNR [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1825" xlink:to="label1825"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LnrMember" xlink:label="element1826"/>
<label xlink:type="resource" xlink:label="label1826" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LnrMember_en-US"> LNR [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1826" xlink:to="label1826"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherEquityMethodInvestmentsOtherMember" xlink:label="element1827"/>
<label xlink:type="resource" xlink:label="label1827" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherEquityMethodInvestmentsOtherMember_en-US"> Other Equity Method Investments Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1827" xlink:to="label1827"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AlexandersDebtAxis" xlink:label="element1828"/>
<label xlink:type="resource" xlink:label="label1828" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AlexandersDebtAxis_en-US"> Alexanders Debt [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1828" xlink:to="label1828"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AlexandersDebtDomain" xlink:label="element1829"/>
<label xlink:type="resource" xlink:label="label1829" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AlexandersDebtDomain_en-US"> Alexanders Debt [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1829" xlink:to="label1829"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundNondepreciableRealEstate" xlink:label="element1830"/>
<label xlink:type="resource" xlink:label="label1830" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateFundNondepreciableRealEstate_en-US"> Real Estate Fund Nondepreciable Real Estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1830" xlink:to="label1830"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundNondepreciableRealEstate" xlink:label="element1831"/>
<label xlink:type="resource" xlink:label="label1831" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RealEstateFundNondepreciableRealEstate_en-US"> Real Estate Fund investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1831" xlink:to="label1831"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundNondepreciableRealEstate" xlink:label="element1832"/>
<label xlink:type="resource" xlink:label="label1832" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RealEstateFundNondepreciableRealEstate_en-US"> This element represents the real estate assets related to the fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1832" xlink:to="label1832"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundNondepreciableRealEstate" xlink:label="element1833"/>
<label xlink:type="resource" xlink:label="label1833" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_RealEstateFundNondepreciableRealEstate_en-US"> Aggregate fair value of Real Estate Fund investments (in US Dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1833" xlink:to="label1833"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TotalNotesAndMortgagesPayableMember" xlink:label="element1834"/>
<label xlink:type="resource" xlink:label="label1834" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TotalNotesAndMortgagesPayableMember_en-US"> Total Notes And Mortgages Payable [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1834" xlink:to="label1834"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TotalNotesAndMortgagesPayableMember" xlink:label="element1835"/>
<label xlink:type="resource" xlink:label="label1835" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TotalNotesAndMortgagesPayableMember_en-US"> This member represents all the members of the Notes and Mortgages payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1835" xlink:to="label1835"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TotalNotesAndMortgagesPayableMember" xlink:label="element1836"/>
<label xlink:type="resource" xlink:label="label1836" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_TotalNotesAndMortgagesPayableMember_en-US"> Total Notes and Mortgages Payable [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1836" xlink:to="label1836"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConvertibleDebtGross" xlink:label="element1837"/>
<label xlink:type="resource" xlink:label="label1837" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ConvertibleDebtGross_en-US"> Convertible Debt Gross </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1837" xlink:to="label1837"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConvertibleDebtGross" xlink:label="element1838"/>
<label xlink:type="resource" xlink:label="label1838" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ConvertibleDebtGross_en-US"> his element represents the Principal amount of the debt component of the convertible and exchangeable senior debentures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1838" xlink:to="label1838"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConvertibleDebtGross" xlink:label="element1839"/>
<label xlink:type="resource" xlink:label="label1839" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ConvertibleDebtGross_en-US"> Principal Amount of Debt Component </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1839" xlink:to="label1839"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JuniorUkRealEstateFacilityMember" xlink:label="element1840"/>
<label xlink:type="resource" xlink:label="label1840" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_JuniorUkRealEstateFacilityMember_en-US"> 04/13 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1840" xlink:to="label1840"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JuniorUkRealEstateFacilityMember" xlink:label="element1841"/>
<label xlink:type="resource" xlink:label="label1841" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_JuniorUkRealEstateFacilityMember_en-US"> Junior Uk Real Estate Facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1841" xlink:to="label1841"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JuniorUkRealEstateFacilityMember" xlink:label="element1842"/>
<label xlink:type="resource" xlink:label="label1842" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_JuniorUkRealEstateFacilityMember_en-US"> Junior U.K. real estate facility, due 2013, with interest at 6.84% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1842" xlink:to="label1842"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NoncontrollingInterestIncreaseFromLimitedPartnersContribution" xlink:label="element1843"/>
<label xlink:type="resource" xlink:label="label1843" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NoncontrollingInterestIncreaseFromLimitedPartnersContribution_en-US"> Noncontrolling Interest, Increase From Limited Partners' Contribution </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1843" xlink:to="label1843"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NoncontrollingInterestIncreaseFromLimitedPartnersContribution" xlink:label="element1844"/>
<label xlink:type="resource" xlink:label="label1844" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NoncontrollingInterestIncreaseFromLimitedPartnersContribution_en-US"> Contributions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1844" xlink:to="label1844"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NoncontrollingInterestIncreaseFromLimitedPartnersContribution" xlink:label="element1845"/>
<label xlink:type="resource" xlink:label="label1845" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NoncontrollingInterestIncreaseFromLimitedPartnersContribution_en-US"> Increase in noncontrolling interest balance due to the limited partners' contributions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1845" xlink:to="label1845"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeFromRealEstateFund" xlink:label="element1846"/>
<label xlink:type="resource" xlink:label="label1846" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeFromRealEstateFund_en-US"> Income from Real Estate Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1846" xlink:to="label1846"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeFromRealEstateFund" xlink:label="element1847"/>
<label xlink:type="resource" xlink:label="label1847" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IncomeFromRealEstateFund_en-US"> Income from Real Estate Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1847" xlink:to="label1847"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeFromRealEstateFund" xlink:label="element1848"/>
<label xlink:type="resource" xlink:label="label1848" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IncomeFromRealEstateFund_en-US"> This element represents the income (loss) from the Real Estate Fund before allocation to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1848" xlink:to="label1848"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeFromRealEstateFund" xlink:label="element1849"/>
<label xlink:type="resource" xlink:label="label1849" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_IncomeFromRealEstateFund_en-US"> Income from real estate fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1849" xlink:to="label1849"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundInvestments" xlink:label="element1850"/>
<label xlink:type="resource" xlink:label="label1850" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateFundInvestments_en-US"> Real Estate Fund Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1850" xlink:to="label1850"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundInvestments" xlink:label="element1851"/>
<label xlink:type="resource" xlink:label="label1851" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RealEstateFundInvestments_en-US"> Real Estate Fund Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1851" xlink:to="label1851"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundInvestments" xlink:label="element1852"/>
<label xlink:type="resource" xlink:label="label1852" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_RealEstateFundInvestments_en-US"> Real Estate Fund investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1852" xlink:to="label1852"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundInvestments" xlink:label="element1853"/>
<label xlink:type="resource" xlink:label="label1853" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RealEstateFundInvestments_en-US"> This element represents the cash outflow associated with the Real Estate Fund's investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1853" xlink:to="label1853"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_September2010Member" xlink:label="element1854"/>
<label xlink:type="resource" xlink:label="label1854" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_September2010Member_en-US"> September 2010 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1854" xlink:to="label1854"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_September2010Member" xlink:label="element1855"/>
<label xlink:type="resource" xlink:label="label1855" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_September2010Member_en-US"> September 2010 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1855" xlink:to="label1855"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_October2010Member" xlink:label="element1856"/>
<label xlink:type="resource" xlink:label="label1856" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_October2010Member_en-US"> October 2010 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1856" xlink:to="label1856"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_October2010Member" xlink:label="element1857"/>
<label xlink:type="resource" xlink:label="label1857" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_October2010Member_en-US"> October 2010 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1857" xlink:to="label1857"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JcPenneyMember" xlink:label="element1858"/>
<label xlink:type="resource" xlink:label="label1858" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_JcPenneyMember_en-US"> JC Penney [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1858" xlink:to="label1858"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JcPenneyMember" xlink:label="element1859"/>
<label xlink:type="resource" xlink:label="label1859" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_JcPenneyMember_en-US"> JC Penney [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1859" xlink:to="label1859"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OwnershipPercentage" xlink:label="element1860"/>
<label xlink:type="resource" xlink:label="label1860" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OwnershipPercentage_en-US"> Ownership Percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1860" xlink:to="label1860"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OwnershipPercentage" xlink:label="element1861"/>
<label xlink:type="resource" xlink:label="label1861" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OwnershipPercentage_en-US"> The percentage of ownership of common stock in the investment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1861" xlink:to="label1861"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DateDomain" xlink:label="element1862"/>
<label xlink:type="resource" xlink:label="label1862" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DateDomain_en-US"> Date [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1862" xlink:to="label1862"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DateDomain" xlink:label="element1863"/>
<label xlink:type="resource" xlink:label="label1863" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DateDomain_en-US"> Transaction Date [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1863" xlink:to="label1863"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentProRataShareDebtOfPartiallyOwnedEntities" xlink:label="element1864"/>
<label xlink:type="resource" xlink:label="label1864" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityMethodInvestmentProRataShareDebtOfPartiallyOwnedEntities_en-US"> Equity Method Investment Pro Rata Share Debt Of Partially Owned Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1864" xlink:to="label1864"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentProrataShareDebtOfPartiallyOwnedEntitiesExcludingOurProRataShareOfLnrLiabilitiesRelatedToCmbsAndCdo" xlink:label="element1865"/>
<label xlink:type="resource" xlink:label="label1865" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityMethodInvestmentProrataShareDebtOfPartiallyOwnedEntitiesExcludingOurProRataShareOfLnrLiabilitiesRelatedToCmbsAndCdo_en-US"> Equity Method Investment Prorata Share Debt Of Partially Owned Entities Excluding Our Pro Rata Share Of Lnr Liabilities Related To Cmbs And Cdo </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1865" xlink:to="label1865"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransactionDateAxis" xlink:label="element1866"/>
<label xlink:type="resource" xlink:label="label1866" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TransactionDateAxis_en-US"> Transaction Date [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1866" xlink:to="label1866"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransactionDateAxis" xlink:label="element1867"/>
<label xlink:type="resource" xlink:label="label1867" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TransactionDateAxis_en-US"> Transaction Date [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1867" xlink:to="label1867"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SharesOwnedMember" xlink:label="element1868"/>
<label xlink:type="resource" xlink:label="label1868" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SharesOwnedMember_en-US"> Shares Owned [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1868" xlink:to="label1868"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SharesOwnedMember" xlink:label="element1869"/>
<label xlink:type="resource" xlink:label="label1869" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SharesOwnedMember_en-US"> Shares Owned [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1869" xlink:to="label1869"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DerivativePositionsInMarketableEquitySecuritiesMember" xlink:label="element1870"/>
<label xlink:type="resource" xlink:label="label1870" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DerivativePositionsInMarketableEquitySecuritiesMember_en-US"> Derivative Positions in Marketable Equity Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1870" xlink:to="label1870"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DerivativePositionsInMarketableEquitySecuritiesMember" xlink:label="element1871"/>
<label xlink:type="resource" xlink:label="label1871" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DerivativePositionsInMarketableEquitySecuritiesMember_en-US"> Derivative Positions in Marketable Equity Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1871" xlink:to="label1871"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DerivativePositionsInMarketableEquitySecuritiesMember" xlink:label="element1872"/>
<label xlink:type="resource" xlink:label="label1872" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DerivativePositionsInMarketableEquitySecuritiesMember_en-US"> Loss from the mark-to-market of J.C. Penney derivative position [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1872" xlink:to="label1872"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeWarnerBuildingAnd110117thStreetMember" xlink:label="element1873"/>
<label xlink:type="resource" xlink:label="label1873" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeWarnerBuildingAnd110117thStreetMember_en-US"> Washington DC Office Warner Building And 1101 17th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1873" xlink:to="label1873"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeWarnerBuildingAnd110117thStreetMember" xlink:label="element1874"/>
<label xlink:type="resource" xlink:label="label1874" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeWarnerBuildingAnd110117thStreetMember_en-US"> Washington DC Office Warner Building And 1101 17th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1874" xlink:to="label1874"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeWarnerBuildingAnd110117thStreetMember" xlink:label="element1875"/>
<label xlink:type="resource" xlink:label="label1875" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOfficeWarnerBuildingAnd110117thStreetMember_en-US"> Warner Building and 1101 17th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1875" xlink:to="label1875"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice110117thStreetMember" xlink:label="element1876"/>
<label xlink:type="resource" xlink:label="label1876" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice110117thStreetMember_en-US"> Washington DC Office 1101 17th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1876" xlink:to="label1876"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice110117thStreetMember" xlink:label="element1877"/>
<label xlink:type="resource" xlink:label="label1877" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice110117thStreetMember_en-US"> Washington DC Office 1101 17th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1877" xlink:to="label1877"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OperatingIncomeFromDiscontinuedOperations" xlink:label="element1878"/>
<label xlink:type="resource" xlink:label="label1878" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OperatingIncomeFromDiscontinuedOperations_en-US"> Operating Income from Discontinued Operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1878" xlink:to="label1878"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OperatingIncomeFromDiscontinuedOperations" xlink:label="element1879"/>
<label xlink:type="resource" xlink:label="label1879" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OperatingIncomeFromDiscontinuedOperations_en-US"> This element represents the operating income from the properties that were sold or the income from discontinued operations before gains on sale of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1879" xlink:to="label1879"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OperatingIncomeFromDiscontinuedOperations" xlink:label="element1880"/>
<label xlink:type="resource" xlink:label="label1880" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_vno_OperatingIncomeFromDiscontinuedOperations_en-US"> Income from discontinued operations before gain on sale of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1880" xlink:to="label1880"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LnrMortgageNotesPayableMember" xlink:label="element1881"/>
<label xlink:type="resource" xlink:label="label1881" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LnrMortgageNotesPayableMember_en-US"> LNR Mortgage Notes Payable [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1881" xlink:to="label1881"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LnrMortgageNotesPayableMember" xlink:label="element1882"/>
<label xlink:type="resource" xlink:label="label1882" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LnrMortgageNotesPayableMember_en-US"> LNR mortgage notes payable [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1882" xlink:to="label1882"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LiabilitiesOfConsolidatedCmbsAndCdoTrustsMember" xlink:label="element1883"/>
<label xlink:type="resource" xlink:label="label1883" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LiabilitiesOfConsolidatedCmbsAndCdoTrustsMember_en-US"> Liabilities Of Consolidated CMBS And CDO Trusts [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1883" xlink:to="label1883"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LiabilitiesOfConsolidatedCmbsAndCdoTrustsMember" xlink:label="element1884"/>
<label xlink:type="resource" xlink:label="label1884" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LiabilitiesOfConsolidatedCmbsAndCdoTrustsMember_en-US"> Liabilities Of Consolidated CMBS And CDO Trusts [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1884" xlink:to="label1884"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarketableEquitySecuritiesDerivativePositionsMember" xlink:label="element1885"/>
<label xlink:type="resource" xlink:label="label1885" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MarketableEquitySecuritiesDerivativePositionsMember_en-US"> Marketable Equity Securities Derivative Positions [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1885" xlink:to="label1885"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarketableEquitySecuritiesDerivativePositionsMember" xlink:label="element1886"/>
<label xlink:type="resource" xlink:label="label1886" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MarketableEquitySecuritiesDerivativePositionsMember_en-US"> Marketable Equity Securities Derivative Positions [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1886" xlink:to="label1886"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeInterestObtainedUponForeclosure" xlink:label="element1887"/>
<label xlink:type="resource" xlink:label="label1887" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FeeInterestObtainedUponForeclosure_en-US"> Fee Interest Obtained Upon Foreclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1887" xlink:to="label1887"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeInterestObtainedUponForeclosure" xlink:label="element1888"/>
<label xlink:type="resource" xlink:label="label1888" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FeeInterestObtainedUponForeclosure_en-US"> Fee interest obtained upon foreclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1888" xlink:to="label1888"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnfundedCommitmentsToRealEstateFund" xlink:label="element1889"/>
<label xlink:type="resource" xlink:label="label1889" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnfundedCommitmentsToRealEstateFund_en-US"> Unfunded Commitments to the Real Estate Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1889" xlink:to="label1889"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnfundedCommitmentsToRealEstateFund" xlink:label="element1890"/>
<label xlink:type="resource" xlink:label="label1890" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnfundedCommitmentsToRealEstateFund_en-US"> This element represents the unfunded portion of the commitments to the Real Estate Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1890" xlink:to="label1890"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommitmentsToInvestmentManagementFund" xlink:label="element1891"/>
<label xlink:type="resource" xlink:label="label1891" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CommitmentsToInvestmentManagementFund_en-US"> Commitments To Investment Management Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1891" xlink:to="label1891"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommitmentsToInvestmentManagementFund" xlink:label="element1892"/>
<label xlink:type="resource" xlink:label="label1892" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CommitmentsToInvestmentManagementFund_en-US"> This element represents the commitment made relating to the investment management fund which will be managed by LNR </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1892" xlink:to="label1892"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeOnePennPlazaMember" xlink:label="element1893"/>
<label xlink:type="resource" xlink:label="label1893" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOfficeOnePennPlazaMember_en-US"> New York Office One Penn Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1893" xlink:to="label1893"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeOnePennPlazaMember" xlink:label="element1894"/>
<label xlink:type="resource" xlink:label="label1894" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOfficeOnePennPlazaMember_en-US"> New York Office One Penn Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1894" xlink:to="label1894"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice90ParkAvenueMember" xlink:label="element1895"/>
<label xlink:type="resource" xlink:label="label1895" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice90ParkAvenueMember_en-US"> New York Office 90 Park Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1895" xlink:to="label1895"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice90ParkAvenueMember" xlink:label="element1896"/>
<label xlink:type="resource" xlink:label="label1896" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice90ParkAvenueMember_en-US"> New York Office 90 Park Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1896" xlink:to="label1896"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice640FifthAvenueMember" xlink:label="element1897"/>
<label xlink:type="resource" xlink:label="label1897" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice640FifthAvenueMember_en-US"> New York Office 640 Fifth Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1897" xlink:to="label1897"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice640FifthAvenueMember" xlink:label="element1898"/>
<label xlink:type="resource" xlink:label="label1898" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice640FifthAvenueMember_en-US"> New York Office 640 Fifth Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1898" xlink:to="label1898"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice1740BroadwayMember" xlink:label="element1899"/>
<label xlink:type="resource" xlink:label="label1899" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice1740BroadwayMember_en-US"> New York Office 1740 Broadway [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1899" xlink:to="label1899"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice1740BroadwayMember" xlink:label="element1900"/>
<label xlink:type="resource" xlink:label="label1900" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice1740BroadwayMember_en-US"> New York Office 1740 Broadway [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1900" xlink:to="label1900"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice150East58thStreetMember" xlink:label="element1901"/>
<label xlink:type="resource" xlink:label="label1901" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice150East58thStreetMember_en-US"> New York Office 150 East 58th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1901" xlink:to="label1901"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice150East58thStreetMember" xlink:label="element1902"/>
<label xlink:type="resource" xlink:label="label1902" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice150East58thStreetMember_en-US"> New York Office 150 East 58th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1902" xlink:to="label1902"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice595MadisonAvenueMember" xlink:label="element1903"/>
<label xlink:type="resource" xlink:label="label1903" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice595MadisonAvenueMember_en-US"> New York Office 595 Madison Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1903" xlink:to="label1903"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice595MadisonAvenueMember" xlink:label="element1904"/>
<label xlink:type="resource" xlink:label="label1904" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice595MadisonAvenueMember_en-US"> New York Office 595 Madison Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1904" xlink:to="label1904"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice20BroadStreetMember" xlink:label="element1905"/>
<label xlink:type="resource" xlink:label="label1905" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice20BroadStreetMember_en-US"> New York Office 20 Broad Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1905" xlink:to="label1905"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice20BroadStreetMember" xlink:label="element1906"/>
<label xlink:type="resource" xlink:label="label1906" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice20BroadStreetMember_en-US"> New York Office 20 Broad Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1906" xlink:to="label1906"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice40FultonStreetMember" xlink:label="element1907"/>
<label xlink:type="resource" xlink:label="label1907" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice40FultonStreetMember_en-US"> New York Office 40 Fulton Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1907" xlink:to="label1907"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice40FultonStreetMember" xlink:label="element1908"/>
<label xlink:type="resource" xlink:label="label1908" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice40FultonStreetMember_en-US"> New York Office 40 Fulton Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1908" xlink:to="label1908"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice689FifthAvenueMember" xlink:label="element1909"/>
<label xlink:type="resource" xlink:label="label1909" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice689FifthAvenueMember_en-US"> New York Office 689 Fifth Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1909" xlink:to="label1909"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice689FifthAvenueMember" xlink:label="element1910"/>
<label xlink:type="resource" xlink:label="label1910" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice689FifthAvenueMember_en-US"> New York Office 689 Fifth Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1910" xlink:to="label1910"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice330West34thStreetMember" xlink:label="element1911"/>
<label xlink:type="resource" xlink:label="label1911" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice330West34thStreetMember_en-US"> New York Office 330 West 34th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1911" xlink:to="label1911"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice330West34thStreetMember" xlink:label="element1912"/>
<label xlink:type="resource" xlink:label="label1912" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice330West34thStreetMember_en-US"> New York Office 330 West 34th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1912" xlink:to="label1912"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice330West34thStreetMember" xlink:label="element1913"/>
<label xlink:type="resource" xlink:label="label1913" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice330West34thStreetMember_en-US"> 330 West 34th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1913" xlink:to="label1913"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice4042ThompsonStreetMember" xlink:label="element1914"/>
<label xlink:type="resource" xlink:label="label1914" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice4042ThompsonStreetMember_en-US"> New York Office 40 42 Thompson Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1914" xlink:to="label1914"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice4042ThompsonStreetMember" xlink:label="element1915"/>
<label xlink:type="resource" xlink:label="label1915" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice4042ThompsonStreetMember_en-US"> 40 42 Thompson Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1915" xlink:to="label1915"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice4042ThompsonStreetMember" xlink:label="element1916"/>
<label xlink:type="resource" xlink:label="label1916" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice4042ThompsonStreetMember_en-US"> 40-42 Thompson Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1916" xlink:to="label1916"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice1540BroadwayGarageMember" xlink:label="element1917"/>
<label xlink:type="resource" xlink:label="label1917" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice1540BroadwayGarageMember_en-US"> New York Office 1540 Broadway Garage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1917" xlink:to="label1917"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice1540BroadwayGarageMember" xlink:label="element1918"/>
<label xlink:type="resource" xlink:label="label1918" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice1540BroadwayGarageMember_en-US"> New York Office 1540 Broadway Garage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1918" xlink:to="label1918"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeOtherMember" xlink:label="element1919"/>
<label xlink:type="resource" xlink:label="label1919" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOfficeOtherMember_en-US"> New York Office Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1919" xlink:to="label1919"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeOtherMember" xlink:label="element1920"/>
<label xlink:type="resource" xlink:label="label1920" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOfficeOtherMember_en-US"> New York Office Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1920" xlink:to="label1920"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeTotalMember" xlink:label="element1921"/>
<label xlink:type="resource" xlink:label="label1921" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOfficeTotalMember_en-US"> New York Office Total [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1921" xlink:to="label1921"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeTotalMember" xlink:label="element1922"/>
<label xlink:type="resource" xlink:label="label1922" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOfficeTotalMember_en-US"> New York Office Total [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1922" xlink:to="label1922"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice20112451CrystalDriveMember" xlink:label="element1923"/>
<label xlink:type="resource" xlink:label="label1923" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice20112451CrystalDriveMember_en-US"> Washington DC Office 2011-2451 Crystal Drive [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1923" xlink:to="label1923"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice20112451CrystalDriveMember" xlink:label="element1924"/>
<label xlink:type="resource" xlink:label="label1924" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice20112451CrystalDriveMember_en-US"> Washington Dc Office 2011-2451 Crystal Drive [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1924" xlink:to="label1924"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice20112451CrystalDriveMember" xlink:label="element1925"/>
<label xlink:type="resource" xlink:label="label1925" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOffice20112451CrystalDriveMember_en-US"> Washington DC Office 2011-2451 Crystal Drive [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1925" xlink:to="label1925"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice2001JeffersonDavisHighway21002200CrystalDrive22323rdStreet2221SouthClarkStreetCrystalCityShopsAt2100And22020thStreetMember" xlink:label="element1926"/>
<label xlink:type="resource" xlink:label="label1926" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice2001JeffersonDavisHighway21002200CrystalDrive22323rdStreet2221SouthClarkStreetCrystalCityShopsAt2100And22020thStreetMember_en-US"> Washington DC Office 2001 Jefferson Davis Highway 2100 2200 Crystal Drive 223 23rd Street 2221 South Clark Street Crystal City Shops At 2100 And 220 20th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1926" xlink:to="label1926"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice2001JeffersonDavisHighway21002200CrystalDrive22323rdStreet2221SouthClarkStreetCrystalCityShopsAt2100And22020thStreetMember" xlink:label="element1927"/>
<label xlink:type="resource" xlink:label="label1927" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice2001JeffersonDavisHighway21002200CrystalDrive22323rdStreet2221SouthClarkStreetCrystalCityShopsAt2100And22020thStreetMember_en-US"> Washington DC Office 2001 Jefferson Davis Highway 2100 2200 Crystal Drive 223 23rd Street 2221 South Clark Street Crystal City Shops At 2100 And 220 20th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1927" xlink:to="label1927"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice2001JeffersonDavisHighway21002200CrystalDrive22323rdStreet2221SouthClarkStreetCrystalCityShopsAt2100And22020thStreetMember" xlink:label="element1928"/>
<label xlink:type="resource" xlink:label="label1928" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOffice2001JeffersonDavisHighway21002200CrystalDrive22323rdStreet2221SouthClarkStreetCrystalCityShopsAt2100And22020thStreetMember_en-US"> Washington DC Office 2001 Jefferson Davis Highway, 2100/2200 Crystal Drive, 223 23rd Street, 2221 South Clark Street, Crystal City Shops at 2100, 220 20th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1928" xlink:to="label1928"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice15501750CrystalDrive24125118thStreetMember" xlink:label="element1929"/>
<label xlink:type="resource" xlink:label="label1929" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice15501750CrystalDrive24125118thStreetMember_en-US"> Washington DC Office 1550-1750 Crystal Drive/ 241-251 18th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1929" xlink:to="label1929"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice15501750CrystalDrive24125118thStreetMember" xlink:label="element1930"/>
<label xlink:type="resource" xlink:label="label1930" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice15501750CrystalDrive24125118thStreetMember_en-US"> Washington DC Office 1550-1750 Crystal Drive 241-251 18th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1930" xlink:to="label1930"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice15501750CrystalDrive24125118thStreetMember" xlink:label="element1931"/>
<label xlink:type="resource" xlink:label="label1931" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOffice15501750CrystalDrive24125118thStreetMember_en-US"> Washington DC Office 1550-1750 Crystal Drive/241-251 18th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1931" xlink:to="label1931"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice12151225SClarkStreet20020112thStreetSMember" xlink:label="element1932"/>
<label xlink:type="resource" xlink:label="label1932" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice12151225SClarkStreet20020112thStreetSMember_en-US"> Washington DC Office 1215, 1225 S. Clark Street/ 200, 201 12th Street S. [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1932" xlink:to="label1932"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice12151225SClarkStreet20020112thStreetSMember" xlink:label="element1933"/>
<label xlink:type="resource" xlink:label="label1933" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice12151225SClarkStreet20020112thStreetSMember_en-US"> Washington DC Office 1215 1225 S Clark Street 200 201 12th Street S [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1933" xlink:to="label1933"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice12151225SClarkStreet20020112thStreetSMember" xlink:label="element1934"/>
<label xlink:type="resource" xlink:label="label1934" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOffice12151225SClarkStreet20020112thStreetSMember_en-US"> Washington DC Office 1215, 1225 S. Clark Street/200, 201 12th Street S. [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1934" xlink:to="label1934"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1229123125thStreetMember" xlink:label="element1935"/>
<label xlink:type="resource" xlink:label="label1935" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice1229123125thStreetMember_en-US"> Washington DC Office 1229-1231 25th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1935" xlink:to="label1935"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1229123125thStreetMember" xlink:label="element1936"/>
<label xlink:type="resource" xlink:label="label1936" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice1229123125thStreetMember_en-US"> Washington DC Office 1229-1231 25th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1936" xlink:to="label1936"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice22002300ClarendonBlvdMember" xlink:label="element1937"/>
<label xlink:type="resource" xlink:label="label1937" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice22002300ClarendonBlvdMember_en-US"> Washington DC Office 2200-2300 Clarendon Blvd [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1937" xlink:to="label1937"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice22002300ClarendonBlvdMember" xlink:label="element1938"/>
<label xlink:type="resource" xlink:label="label1938" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice22002300ClarendonBlvdMember_en-US"> Washington DC Office 2200-2300 Courthouse Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1938" xlink:to="label1938"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1875ConnecticutAvenueNwMember" xlink:label="element1939"/>
<label xlink:type="resource" xlink:label="label1939" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice1875ConnecticutAvenueNwMember_en-US"> Washington DC Office 1875 Connecticut Avenue NW [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1939" xlink:to="label1939"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1875ConnecticutAvenueNwMember" xlink:label="element1940"/>
<label xlink:type="resource" xlink:label="label1940" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice1875ConnecticutAvenueNwMember_en-US"> Washington DC Office 1875 Connecticut Avenue NW [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1940" xlink:to="label1940"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeOneSkylineTowerMember" xlink:label="element1941"/>
<label xlink:type="resource" xlink:label="label1941" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeOneSkylineTowerMember_en-US"> Washington DC Office One Skyline Tower [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1941" xlink:to="label1941"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeOneSkylineTowerMember" xlink:label="element1942"/>
<label xlink:type="resource" xlink:label="label1942" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeOneSkylineTowerMember_en-US"> Washington DC Office One Skyline Tower [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1942" xlink:to="label1942"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeHStreetNorth101DLandParcelMember" xlink:label="element1943"/>
<label xlink:type="resource" xlink:label="label1943" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeHStreetNorth101DLandParcelMember_en-US"> Washington DC Office H Street North 10 1 D Land Parcel [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1943" xlink:to="label1943"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeHStreetNorth101DLandParcelMember" xlink:label="element1944"/>
<label xlink:type="resource" xlink:label="label1944" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeHStreetNorth101DLandParcelMember_en-US"> Washington DC Office H Street North 10 1 D Land Parcel [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1944" xlink:to="label1944"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice4093rdStreetMember" xlink:label="element1945"/>
<label xlink:type="resource" xlink:label="label1945" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice4093rdStreetMember_en-US"> Washington DC Office 409 3rd Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1945" xlink:to="label1945"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice4093rdStreetMember" xlink:label="element1946"/>
<label xlink:type="resource" xlink:label="label1946" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice4093rdStreetMember_en-US"> Washington DC Office 409 3rd Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1946" xlink:to="label1946"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeWarehousesMember" xlink:label="element1947"/>
<label xlink:type="resource" xlink:label="label1947" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeWarehousesMember_en-US"> Washington DC Office Warehouses [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1947" xlink:to="label1947"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeWarehousesMember" xlink:label="element1948"/>
<label xlink:type="resource" xlink:label="label1948" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeWarehousesMember_en-US"> Washington DC Office Warehouses [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1948" xlink:to="label1948"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeCommerceExecutiveMember" xlink:label="element1949"/>
<label xlink:type="resource" xlink:label="label1949" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeCommerceExecutiveMember_en-US"> Washington DC Office Commerce Executive [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1949" xlink:to="label1949"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeCommerceExecutiveMember" xlink:label="element1950"/>
<label xlink:type="resource" xlink:label="label1950" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeCommerceExecutiveMember_en-US"> Washington DC Office Commerce Executive [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1950" xlink:to="label1950"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeSevenSkylinePlaceMember" xlink:label="element1951"/>
<label xlink:type="resource" xlink:label="label1951" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeSevenSkylinePlaceMember_en-US"> Washington DC Office Seven Skyline Place [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1951" xlink:to="label1951"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeSevenSkylinePlaceMember" xlink:label="element1952"/>
<label xlink:type="resource" xlink:label="label1952" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeSevenSkylinePlaceMember_en-US"> Washington DC Office Seven Skyline Place [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1952" xlink:to="label1952"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice115017thStreetMember" xlink:label="element1953"/>
<label xlink:type="resource" xlink:label="label1953" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice115017thStreetMember_en-US"> Washington DC Office 1150 17th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1953" xlink:to="label1953"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice115017thStreetMember" xlink:label="element1954"/>
<label xlink:type="resource" xlink:label="label1954" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice115017thStreetMember_en-US"> Washington DC Office 1150 17th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1954" xlink:to="label1954"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeCrystalCityHotelMember" xlink:label="element1955"/>
<label xlink:type="resource" xlink:label="label1955" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeCrystalCityHotelMember_en-US"> Washington DC Office Crystal City Hotel [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1955" xlink:to="label1955"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeCrystalCityHotelMember" xlink:label="element1956"/>
<label xlink:type="resource" xlink:label="label1956" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeCrystalCityHotelMember_en-US"> Washington DC Office Crystal City Hotel [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1956" xlink:to="label1956"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeHStreetGroundLeasesMember" xlink:label="element1957"/>
<label xlink:type="resource" xlink:label="label1957" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeHStreetGroundLeasesMember_en-US"> Washington DC Office H Street Ground Leases [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1957" xlink:to="label1957"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeHStreetGroundLeasesMember" xlink:label="element1958"/>
<label xlink:type="resource" xlink:label="label1958" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeHStreetGroundLeasesMember_en-US"> Washington DC Office H Street Ground Leases [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1958" xlink:to="label1958"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice122725thStreetMember" xlink:label="element1959"/>
<label xlink:type="resource" xlink:label="label1959" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice122725thStreetMember_en-US"> Washington DC Office 1227 25th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1959" xlink:to="label1959"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice122725thStreetMember" xlink:label="element1960"/>
<label xlink:type="resource" xlink:label="label1960" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice122725thStreetMember_en-US"> Washington DC Office 1227 25th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1960" xlink:to="label1960"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1140ConnecticutAvenueMember" xlink:label="element1961"/>
<label xlink:type="resource" xlink:label="label1961" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice1140ConnecticutAvenueMember_en-US"> Washington DC Office 1140 Connecticut Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1961" xlink:to="label1961"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1140ConnecticutAvenueMember" xlink:label="element1962"/>
<label xlink:type="resource" xlink:label="label1962" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice1140ConnecticutAvenueMember_en-US"> Wasington DC Office 1140 Connecticut Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1962" xlink:to="label1962"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1730MStreetMember" xlink:label="element1963"/>
<label xlink:type="resource" xlink:label="label1963" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice1730MStreetMember_en-US"> Washington DC Office 1730 M Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1963" xlink:to="label1963"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1730MStreetMember" xlink:label="element1964"/>
<label xlink:type="resource" xlink:label="label1964" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice1730MStreetMember_en-US"> Washington DC Office 1730 M Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1964" xlink:to="label1964"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeDemocracyPlazaIMember" xlink:label="element1965"/>
<label xlink:type="resource" xlink:label="label1965" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeDemocracyPlazaIMember_en-US"> Washington DC Office Democracy Plaza I [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1965" xlink:to="label1965"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeDemocracyPlazaIMember" xlink:label="element1966"/>
<label xlink:type="resource" xlink:label="label1966" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeDemocracyPlazaIMember_en-US"> Washington DC Office Democracy Plaza I [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1966" xlink:to="label1966"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1726MStreetMember" xlink:label="element1967"/>
<label xlink:type="resource" xlink:label="label1967" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice1726MStreetMember_en-US"> Washington DC Office 1726 M Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1967" xlink:to="label1967"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1726MStreetMember" xlink:label="element1968"/>
<label xlink:type="resource" xlink:label="label1968" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice1726MStreetMember_en-US"> Washington DC Office 1726 M Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1968" xlink:to="label1968"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeCrystalDriveRetailMember" xlink:label="element1969"/>
<label xlink:type="resource" xlink:label="label1969" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeCrystalDriveRetailMember_en-US"> Washington DC Office Crystal Drive Retail [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1969" xlink:to="label1969"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeCrystalDriveRetailMember" xlink:label="element1970"/>
<label xlink:type="resource" xlink:label="label1970" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeCrystalDriveRetailMember_en-US"> Washington DC Office Crystal Drive Retail [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1970" xlink:to="label1970"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1109SouthCapitolStreetMember" xlink:label="element1971"/>
<label xlink:type="resource" xlink:label="label1971" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice1109SouthCapitolStreetMember_en-US"> Washington DC Office 1109 South Capitol Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1971" xlink:to="label1971"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1109SouthCapitolStreetMember" xlink:label="element1972"/>
<label xlink:type="resource" xlink:label="label1972" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice1109SouthCapitolStreetMember_en-US"> Washington DC Office 1109 South Capitol Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1972" xlink:to="label1972"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeSouthCapitolMember" xlink:label="element1973"/>
<label xlink:type="resource" xlink:label="label1973" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeSouthCapitolMember_en-US"> Washington DC Office South Capitol [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1973" xlink:to="label1973"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeSouthCapitolMember" xlink:label="element1974"/>
<label xlink:type="resource" xlink:label="label1974" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeSouthCapitolMember_en-US"> Washington DC Office South Capitol [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1974" xlink:to="label1974"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeHStreetMember" xlink:label="element1975"/>
<label xlink:type="resource" xlink:label="label1975" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeHStreetMember_en-US"> Washington DC Office H-Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1975" xlink:to="label1975"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeHStreetMember" xlink:label="element1976"/>
<label xlink:type="resource" xlink:label="label1976" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeHStreetMember_en-US"> Washington DC Office H-Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1976" xlink:to="label1976"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOtherMember" xlink:label="element1977"/>
<label xlink:type="resource" xlink:label="label1977" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOtherMember_en-US"> Washington DC Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1977" xlink:to="label1977"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOtherMember" xlink:label="element1978"/>
<label xlink:type="resource" xlink:label="label1978" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOtherMember_en-US"> Washington DC Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1978" xlink:to="label1978"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeTotalMember" xlink:label="element1979"/>
<label xlink:type="resource" xlink:label="label1979" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeTotalMember_en-US"> Washington DC Office Total [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1979" xlink:to="label1979"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeTotalMember" xlink:label="element1980"/>
<label xlink:type="resource" xlink:label="label1980" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeTotalMember_en-US"> Washington DC Office Total [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1980" xlink:to="label1980"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailNyHicksvilleBroadwayMallMember" xlink:label="element1981"/>
<label xlink:type="resource" xlink:label="label1981" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailNyHicksvilleBroadwayMallMember_en-US"> Retail NY Hicksville (Broadway Mall) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1981" xlink:to="label1981"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailNyHicksvilleBroadwayMallMember" xlink:label="element1982"/>
<label xlink:type="resource" xlink:label="label1982" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailNyHicksvilleBroadwayMallMember_en-US"> Retail NY Hicksville (Broadway Mall) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1982" xlink:to="label1982"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailPaPhiladelphiaMember" xlink:label="element1983"/>
<label xlink:type="resource" xlink:label="label1983" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailPaPhiladelphiaMember_en-US"> Retail PA Philadelphia [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1983" xlink:to="label1983"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailPaPhiladelphiaMember" xlink:label="element1984"/>
<label xlink:type="resource" xlink:label="label1984" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailPaPhiladelphiaMember_en-US"> Retail PA Philadelphia [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1984" xlink:to="label1984"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailPaPhiladelphiaMember" xlink:label="element1985"/>
<label xlink:type="resource" xlink:label="label1985" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RetailPaPhiladelphiaMember_en-US"> Market Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1985" xlink:to="label1985"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartIl527WKinzieChicagoMember" xlink:label="element1986"/>
<label xlink:type="resource" xlink:label="label1986" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MerchandiseMartIl527WKinzieChicagoMember_en-US"> Merchandise Mart IL 527 W. Kinzie, Chicago [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1986" xlink:to="label1986"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartIl527WKinzieChicagoMember" xlink:label="element1987"/>
<label xlink:type="resource" xlink:label="label1987" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MerchandiseMartIl527WKinzieChicagoMember_en-US"> Merchandise Mart IL 527 W. Kinzie, Chicago [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1987" xlink:to="label1987"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartNyMmpiPiersMember" xlink:label="element1988"/>
<label xlink:type="resource" xlink:label="label1988" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MerchandiseMartNyMmpiPiersMember_en-US"> Merchandise Mart NY MMPI Piers [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1988" xlink:to="label1988"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartNyMmpiPiersMember" xlink:label="element1989"/>
<label xlink:type="resource" xlink:label="label1989" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MerchandiseMartNyMmpiPiersMember_en-US"> Merchandise Mart NY MMPI Piers [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1989" xlink:to="label1989"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartOtherMember" xlink:label="element1990"/>
<label xlink:type="resource" xlink:label="label1990" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MerchandiseMartOtherMember_en-US"> Merchandise Mart Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1990" xlink:to="label1990"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartOtherMember" xlink:label="element1991"/>
<label xlink:type="resource" xlink:label="label1991" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MerchandiseMartOtherMember_en-US"> Merchandise Mart Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1991" xlink:to="label1991"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartTotalMerchandiseMartMember" xlink:label="element1992"/>
<label xlink:type="resource" xlink:label="label1992" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MerchandiseMartTotalMerchandiseMartMember_en-US"> Merchandise Mart Total Merchandise Mart [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1992" xlink:to="label1992"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartTotalMerchandiseMartMember" xlink:label="element1993"/>
<label xlink:type="resource" xlink:label="label1993" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MerchandiseMartTotalMerchandiseMartMember_en-US"> Merchandise Mart Total Merchandise Mart [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1993" xlink:to="label1993"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOtherPropertiesHotelPennsylvaniaMember" xlink:label="element1994"/>
<label xlink:type="resource" xlink:label="label1994" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOtherPropertiesHotelPennsylvaniaMember_en-US"> New York Other Properties Hotel Pennsylvania [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1994" xlink:to="label1994"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOtherPropertiesHotelPennsylvaniaMember" xlink:label="element1995"/>
<label xlink:type="resource" xlink:label="label1995" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOtherPropertiesHotelPennsylvaniaMember_en-US"> Other Properties Hotel Pennsylvania [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1995" xlink:to="label1995"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPropertiesWassermanMember" xlink:label="element1996"/>
<label xlink:type="resource" xlink:label="label1996" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherPropertiesWassermanMember_en-US"> Other Properties Wasserman [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1996" xlink:to="label1996"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPropertiesWassermanMember" xlink:label="element1997"/>
<label xlink:type="resource" xlink:label="label1997" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherPropertiesWassermanMember_en-US"> Other Properties Wasserman [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1997" xlink:to="label1997"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherProperties40East66thResidentialMember" xlink:label="element1998"/>
<label xlink:type="resource" xlink:label="label1998" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherProperties40East66thResidentialMember_en-US"> Other Properties 40 East 66th Residential [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1998" xlink:to="label1998"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherProperties40East66thResidentialMember" xlink:label="element1999"/>
<label xlink:type="resource" xlink:label="label1999" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherProperties40East66thResidentialMember_en-US"> Other Properties 40 East 66th Residential [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1999" xlink:to="label1999"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherProperties677679MadisonMember" xlink:label="element2000"/>
<label xlink:type="resource" xlink:label="label2000" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherProperties677679MadisonMember_en-US"> Other Properties 677-679 Madison [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2000" xlink:to="label2000"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherProperties677679MadisonMember" xlink:label="element2001"/>
<label xlink:type="resource" xlink:label="label2001" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherProperties677679MadisonMember_en-US"> Other Properties 677-679 Madison [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2001" xlink:to="label2001"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPropertiesTotalOtherPropertiesMember" xlink:label="element2002"/>
<label xlink:type="resource" xlink:label="label2002" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherPropertiesTotalOtherPropertiesMember_en-US"> Other Properties Total Other Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2002" xlink:to="label2002"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPropertiesTotalOtherPropertiesMember" xlink:label="element2003"/>
<label xlink:type="resource" xlink:label="label2003" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherPropertiesTotalOtherPropertiesMember_en-US"> Other Properties Total Other Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2003" xlink:to="label2003"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseholdImprovementsEquipmentAndOtherMember" xlink:label="element2004"/>
<label xlink:type="resource" xlink:label="label2004" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LeaseholdImprovementsEquipmentAndOtherMember_en-US"> Leasehold Improvements Equipment and Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2004" xlink:to="label2004"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseholdImprovementsEquipmentAndOtherMember" xlink:label="element2005"/>
<label xlink:type="resource" xlink:label="label2005" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LeaseholdImprovementsEquipmentAndOtherMember_en-US"> Leasehold Improvements Equipment and Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2005" xlink:to="label2005"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NonCashImpairmentAndOtherLossesTableTextBlock" xlink:label="element2006"/>
<label xlink:type="resource" xlink:label="label2006" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NonCashImpairmentAndOtherLossesTableTextBlock_en-US"> Non Cash Impairment And Other Losses [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2006" xlink:to="label2006"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NonCashImpairmentAndOtherLossesTableTextBlock" xlink:label="element2007"/>
<label xlink:type="resource" xlink:label="label2007" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NonCashImpairmentAndOtherLossesTableTextBlock_en-US"> Table summarizing non cash impairment and other losses on properties including related intangible assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2007" xlink:to="label2007"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NonCashImpairmentOnInvestmentsInPartiallyOwnedEntitiesTableTextBlock" xlink:label="element2008"/>
<label xlink:type="resource" xlink:label="label2008" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NonCashImpairmentOnInvestmentsInPartiallyOwnedEntitiesTableTextBlock_en-US"> Non Cash Impairment On Investments In Partially Owned Entities [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2008" xlink:to="label2008"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NonCashImpairmentOnInvestmentsInPartiallyOwnedEntitiesTableTextBlock" xlink:label="element2009"/>
<label xlink:type="resource" xlink:label="label2009" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NonCashImpairmentOnInvestmentsInPartiallyOwnedEntitiesTableTextBlock_en-US"> Table summarizing non cash impairment recognized on investments in partially owned entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2009" xlink:to="label2009"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReconciliationOfNetIncomeAttributableToCommonShareholdersToEstimatedTaxableIncomeTableTextBlock" xlink:label="element2010"/>
<label xlink:type="resource" xlink:label="label2010" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ReconciliationOfNetIncomeAttributableToCommonShareholdersToEstimatedTaxableIncomeTableTextBlock_en-US"> Reconciliation Of Net Income Attributable To Common Shareholders To Estimated Taxable Income [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2010" xlink:to="label2010"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReconciliationOfNetIncomeAttributableToCommonShareholdersToEstimatedTaxableIncomeTableTextBlock" xlink:label="element2011"/>
<label xlink:type="resource" xlink:label="label2011" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ReconciliationOfNetIncomeAttributableToCommonShareholdersToEstimatedTaxableIncomeTableTextBlock_en-US"> Table reconciling net income attributable to common shareholders to estimated taxable income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2011" xlink:to="label2011"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LongTermDebtMaturitiesFutureRepaymentsOfPrincipalTableTextBlock" xlink:label="element2012"/>
<label xlink:type="resource" xlink:label="label2012" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LongTermDebtMaturitiesFutureRepaymentsOfPrincipalTableTextBlock_en-US"> Long Term Debt Maturities Future Repayments Of Principal [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2012" xlink:to="label2012"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LongTermDebtMaturitiesFutureRepaymentsOfPrincipalTableTextBlock" xlink:label="element2013"/>
<label xlink:type="resource" xlink:label="label2013" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LongTermDebtMaturitiesFutureRepaymentsOfPrincipalTableTextBlock_en-US"> Table of principal repayments of debt in the next five years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2013" xlink:to="label2013"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfSharebasedCompensationRestrictedOperatingPartnershipUnitsActivityTableTextBlock" xlink:label="element2014"/>
<label xlink:type="resource" xlink:label="label2014" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ScheduleOfSharebasedCompensationRestrictedOperatingPartnershipUnitsActivityTableTextBlock_en-US"> Schedule Of Sharebased Compensation Restricted Operating Partnership Units Activity [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2014" xlink:to="label2014"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfSharebasedCompensationRestrictedOperatingPartnershipUnitsActivityTableTextBlock" xlink:label="element2015"/>
<label xlink:type="resource" xlink:label="label2015" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ScheduleOfSharebasedCompensationRestrictedOperatingPartnershipUnitsActivityTableTextBlock_en-US"> For restricted operating partnership units, disclosure of the number and weighted-average grant date fair value for restricted operating partnership units that were outstanding at the beginning and end of the year, and the number of restricted operating partnership units that were granted, vested, or forfeited during the year. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2015" xlink:to="label2015"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeasesTextBlock" xlink:label="element2016"/>
<label xlink:type="resource" xlink:label="label2016" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LeasesTextBlock_en-US"> Leases [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2016" xlink:to="label2016"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeasesTextBlock" xlink:label="element2017"/>
<label xlink:type="resource" xlink:label="label2017" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LeasesTextBlock_en-US"> Description and amounts of an entity's (as a lessor) leasing arrangements for operating, capital and leveraged leases and disclosure of entity's leasing arrangements (as a lessee) including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. This element can be used to disclose the entity's entire lease disclosure as a single block of text. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2017" xlink:to="label2017"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfFutureBaseRentalTableTextBlock" xlink:label="element2018"/>
<label xlink:type="resource" xlink:label="label2018" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ScheduleOfFutureBaseRentalTableTextBlock_en-US"> Schedule Of Future Base Rental [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2018" xlink:to="label2018"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfFutureBaseRentalTableTextBlock" xlink:label="element2019"/>
<label xlink:type="resource" xlink:label="label2019" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ScheduleOfFutureBaseRentalTableTextBlock_en-US"> Future base rental revenue under non-cancelable operating leases, excluding rents for leases with an original term of less than one year and rents resulting from the exercise of renewal options </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2019" xlink:to="label2019"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InvestmentInLexingtonRealityTrustMember" xlink:label="element2020"/>
<label xlink:type="resource" xlink:label="label2020" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InvestmentInLexingtonRealityTrustMember_en-US"> Investment In Lexington Reality Trust [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2020" xlink:to="label2020"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InvestmentInLexingtonRealityTrustMember" xlink:label="element2021"/>
<label xlink:type="resource" xlink:label="label2021" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InvestmentInLexingtonRealityTrustMember_en-US"> Investment In Lexington Reality Trust [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2021" xlink:to="label2021"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SignificantPoliciesOtherDetailsAbstract" xlink:label="element2022"/>
<label xlink:type="resource" xlink:label="label2022" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SignificantPoliciesOtherDetailsAbstract_en-US"> Significant Policies Other Details [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2022" xlink:to="label2022"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationTable" xlink:label="element2023"/>
<label xlink:type="resource" xlink:label="label2023" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationTable_en-US"> Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2023" xlink:to="label2023"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAxis" xlink:label="element2024"/>
<label xlink:type="resource" xlink:label="label2024" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationAxis_en-US"> Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2024" xlink:to="label2024"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationLineItems" xlink:label="element2025"/>
<label xlink:type="resource" xlink:label="label2025" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationLineItems_en-US"> Income Tax Expense Benefit Continuing Operations Income Tax Reconciliation [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2025" xlink:to="label2025"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationLineItems" xlink:label="element2026"/>
<label xlink:type="resource" xlink:label="label2026" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IncomeTaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationLineItems_en-US"> Reconciliation of Net income to Estimated income tax payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2026" xlink:to="label2026"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EstimatedTaxableIncomeNet" xlink:label="element2027"/>
<label xlink:type="resource" xlink:label="label2027" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EstimatedTaxableIncomeNet_en-US"> Estimated Taxable Income Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2027" xlink:to="label2027"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EstimatedTaxableIncomeNet" xlink:label="element2028"/>
<label xlink:type="resource" xlink:label="label2028" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EstimatedTaxableIncomeNet_en-US"> Estimated taxable income after reconciliation for tax differences </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2028" xlink:to="label2028"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EstimatedTaxableIncomeNet" xlink:label="element2029"/>
<label xlink:type="resource" xlink:label="label2029" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_vno_EstimatedTaxableIncomeNet_en-US"> Estimated Taxable Income (unaudited) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2029" xlink:to="label2029"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ContollingInterestInRealEstatePropertiesPercent" xlink:label="element2030"/>
<label xlink:type="resource" xlink:label="label2030" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ContollingInterestInRealEstatePropertiesPercent_en-US"> Contolling Interest In Real Estate Properties Percent </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2030" xlink:to="label2030"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ContollingInterestInRealEstatePropertiesPercent" xlink:label="element2031"/>
<label xlink:type="resource" xlink:label="label2031" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ContollingInterestInRealEstatePropertiesPercent_en-US"> Percentage ownership in Real Estate Properties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2031" xlink:to="label2031"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailPropertiesMember" xlink:label="element2032"/>
<label xlink:type="resource" xlink:label="label2032" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailPropertiesMember_en-US"> Retail Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2032" xlink:to="label2032"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailPropertiesMember" xlink:label="element2033"/>
<label xlink:type="resource" xlink:label="label2033" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailPropertiesMember_en-US"> Locations include strips, malls, and a warehouse that are leased to tenants who offer products for sale to consumers. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2033" xlink:to="label2033"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartPropertiesMember" xlink:label="element2034"/>
<label xlink:type="resource" xlink:label="label2034" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MerchandiseMartPropertiesMember_en-US"> Merchandise Mart Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2034" xlink:to="label2034"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartPropertiesMember" xlink:label="element2035"/>
<label xlink:type="resource" xlink:label="label2035" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MerchandiseMartPropertiesMember_en-US"> Merchandise Mart Properties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2035" xlink:to="label2035"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkCityMetropolitanAreaMember" xlink:label="element2036"/>
<label xlink:type="resource" xlink:label="label2036" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkCityMetropolitanAreaMember_en-US"> New York City Metropolitan Area [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2036" xlink:to="label2036"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkCityMetropolitanAreaMember" xlink:label="element2037"/>
<label xlink:type="resource" xlink:label="label2037" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkCityMetropolitanAreaMember_en-US"> Domain member used to indicate facts reported for the New York Office Segment. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2037" xlink:to="label2037"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ChicagoMember" xlink:label="element2038"/>
<label xlink:type="resource" xlink:label="label2038" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ChicagoMember_en-US"> Chicago [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2038" xlink:to="label2038"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ChicagoMember" xlink:label="element2039"/>
<label xlink:type="resource" xlink:label="label2039" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ChicagoMember_en-US"> Domain member used to indicate facts reported for the continuing operations in Chicago </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2039" xlink:to="label2039"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnitedStatesMember" xlink:label="element2040"/>
<label xlink:type="resource" xlink:label="label2040" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnitedStatesMember_en-US"> United States [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2040" xlink:to="label2040"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnitedStatesMember" xlink:label="element2041"/>
<label xlink:type="resource" xlink:label="label2041" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnitedStatesMember_en-US"> Domain member used to indicate facts reported for the continuing operations In United States. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2041" xlink:to="label2041"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InternationalMember" xlink:label="element2042"/>
<label xlink:type="resource" xlink:label="label2042" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InternationalMember_en-US"> International [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2042" xlink:to="label2042"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InternationalMember" xlink:label="element2043"/>
<label xlink:type="resource" xlink:label="label2043" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InternationalMember_en-US"> Domain member used to indicate facts reported for the continuing operations Internationally. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2043" xlink:to="label2043"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmountAuthorized" xlink:label="element2044"/>
<label xlink:type="resource" xlink:label="label2044" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmountAuthorized_en-US"> Amount authorized under a share based compensation plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2044" xlink:to="label2044"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmountAuthorized" xlink:label="element2045"/>
<label xlink:type="resource" xlink:label="label2045" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmountAuthorized_en-US"> Share Based Compensation Arrangement By Share Based Payment Award Amount Authorized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2045" xlink:to="label2045"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmountAuthorized" xlink:label="element2046"/>
<label xlink:type="resource" xlink:label="label2046" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmountAuthorized_en-US"> Share Based Compensation Amount Authorized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2046" xlink:to="label2046"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue1" xlink:label="element2047"/>
<label xlink:type="resource" xlink:label="label2047" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue1_en-US"> Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value 1 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2047" xlink:to="label2047"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue1" xlink:label="element2048"/>
<label xlink:type="resource" xlink:label="label2048" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue1_en-US"> The fair value at grant date for equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2048" xlink:to="label2048"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue1" xlink:label="element2049"/>
<label xlink:type="resource" xlink:label="label2049" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue1_en-US"> Fair Value Of Awards Granted </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2049" xlink:to="label2049"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationPeriod" xlink:label="element2050"/>
<label xlink:type="resource" xlink:label="label2050" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationPeriod_en-US"> Share Based Compensation Arrangement By Share Based Payment Award Amortization Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2050" xlink:to="label2050"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationPeriod" xlink:label="element2051"/>
<label xlink:type="resource" xlink:label="label2051" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationPeriod_en-US"> The amortization period for amortizing the expense under the out performance plan. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2051" xlink:to="label2051"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationPeriod" xlink:label="element2052"/>
<label xlink:type="resource" xlink:label="label2052" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ShareBasedCompensationArrangementByShareBasedPaymentAwardAmortizationPeriod_en-US"> Award Amortization Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2052" xlink:to="label2052"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationEmployeeStockPurchasePlanActivityAbstract" xlink:label="element2053"/>
<label xlink:type="resource" xlink:label="label2053" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ShareBasedCompensationEmployeeStockPurchasePlanActivityAbstract_en-US"> Share Based Compensation Employee Stock Purchase Plan Activity [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2053" xlink:to="label2053"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationEquityInstrumentsOtherThanOptionsPlanActivityAbstract" xlink:label="element2054"/>
<label xlink:type="resource" xlink:label="label2054" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ShareBasedCompensationEquityInstrumentsOtherThanOptionsPlanActivityAbstract_en-US"> Share Based Compensation Equity Instruments Other Than Options Plan Activity [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2054" xlink:to="label2054"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OmnibusSharePlan2010Member" xlink:label="element2055"/>
<label xlink:type="resource" xlink:label="label2055" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OmnibusSharePlan2010Member_en-US"> Omnibus Share Plan 2010 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2055" xlink:to="label2055"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OmnibusSharePlan2010Member" xlink:label="element2056"/>
<label xlink:type="resource" xlink:label="label2056" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OmnibusSharePlan2010Member_en-US"> Omnibus Share Plan 2010 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2056" xlink:to="label2056"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2008Member" xlink:label="element2057"/>
<label xlink:type="resource" xlink:label="label2057" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlan2008Member_en-US"> Out Performance Plan 2008 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2057" xlink:to="label2057"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2008Member" xlink:label="element2058"/>
<label xlink:type="resource" xlink:label="label2058" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlan2008Member_en-US"> Out Performance Plan 2008 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2058" xlink:to="label2058"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2006Member" xlink:label="element2059"/>
<label xlink:type="resource" xlink:label="label2059" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlan2006Member_en-US"> Out Performance Plan 2006 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2059" xlink:to="label2059"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2006Member" xlink:label="element2060"/>
<label xlink:type="resource" xlink:label="label2060" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlan2006Member_en-US"> Out Performance Plan 2006 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2060" xlink:to="label2060"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2008And2006Member" xlink:label="element2061"/>
<label xlink:type="resource" xlink:label="label2061" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlan2008And2006Member_en-US"> Out Performance Plan 2008 And 2006 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2061" xlink:to="label2061"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2008And2006Member" xlink:label="element2062"/>
<label xlink:type="resource" xlink:label="label2062" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlan2008And2006Member_en-US"> Out Performance Plan 2008 And 2006 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2062" xlink:to="label2062"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RestrictedOperatingPartnershipUnitsPlanMember" xlink:label="element2063"/>
<label xlink:type="resource" xlink:label="label2063" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RestrictedOperatingPartnershipUnitsPlanMember_en-US"> Restricted Operating Partnership Units Plan [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2063" xlink:to="label2063"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RestrictedOperatingPartnershipUnitsPlanMember" xlink:label="element2064"/>
<label xlink:type="resource" xlink:label="label2064" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RestrictedOperatingPartnershipUnitsPlanMember_en-US"> Restricted Operating Partnership Units Plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2064" xlink:to="label2064"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesIPreferredStockMember" xlink:label="element2065"/>
<label xlink:type="resource" xlink:label="label2065" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesIPreferredStockMember_en-US"> Series I Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2065" xlink:to="label2065"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesIPreferredStockMember" xlink:label="element2066"/>
<label xlink:type="resource" xlink:label="label2066" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeriesIPreferredStockMember_en-US"> Outstanding nonredeemable series I preferred stock or outstanding series I preferred stock. Classified within stockholders' equity if nonredeemable or redeemable solely at the option of the issuer. Classified within temporary equity if redemption is outside the control of the issuer. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2066" xlink:to="label2066"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD10PreferredSharesMember" xlink:label="element2067"/>
<label xlink:type="resource" xlink:label="label2067" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesD10PreferredSharesMember_en-US"> Series D10 Preferred Shares [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2067" xlink:to="label2067"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentFeePercent" xlink:label="element2068"/>
<label xlink:type="resource" xlink:label="label2068" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DevelopmentFeePercent_en-US"> Development Fee Percent </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2068" xlink:to="label2068"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentFeePercent" xlink:label="element2069"/>
<label xlink:type="resource" xlink:label="label2069" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DevelopmentFeePercent_en-US"> Development fee as a percentage of the property development costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2069" xlink:to="label2069"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeasingServicesFeeDescription" xlink:label="element2070"/>
<label xlink:type="resource" xlink:label="label2070" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LeasingServicesFeeDescription_en-US"> Leasing Services Fee Description </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2070" xlink:to="label2070"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeasingServicesFeeDescription" xlink:label="element2071"/>
<label xlink:type="resource" xlink:label="label2071" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LeasingServicesFeeDescription_en-US"> Description of the fee for leasing services provided </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2071" xlink:to="label2071"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommissionOnAssetSalesDescription" xlink:label="element2072"/>
<label xlink:type="resource" xlink:label="label2072" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CommissionOnAssetSalesDescription_en-US"> Commission On Asset Sales Description </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2072" xlink:to="label2072"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommissionOnAssetSalesDescription" xlink:label="element2073"/>
<label xlink:type="resource" xlink:label="label2073" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CommissionOnAssetSalesDescription_en-US"> Description of commission on sales of assets under the leasing agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2073" xlink:to="label2073"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeasingServicesFeeAndCommissionOnAssetSalesAnnualInstallmentMaximum" xlink:label="element2074"/>
<label xlink:type="resource" xlink:label="label2074" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LeasingServicesFeeAndCommissionOnAssetSalesAnnualInstallmentMaximum_en-US"> Leasing Services Fee And Commission On Asset Sales Annual Installment Maximum </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2074" xlink:to="label2074"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeasingServicesFeeAndCommissionOnAssetSalesAnnualInstallmentMaximum" xlink:label="element2075"/>
<label xlink:type="resource" xlink:label="label2075" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LeasingServicesFeeAndCommissionOnAssetSalesAnnualInstallmentMaximum_en-US"> Maximum annual installments payable on account of leasing services and commission on asset sales under the leasing agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2075" xlink:to="label2075"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherServicesFeeDescription" xlink:label="element2076"/>
<label xlink:type="resource" xlink:label="label2076" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherServicesFeeDescription_en-US"> Other Services Fee Description </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2076" xlink:to="label2076"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherServicesFeeDescription" xlink:label="element2077"/>
<label xlink:type="resource" xlink:label="label2077" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherServicesFeeDescription_en-US"> Fee terms for supervision of cleaning, engineering and security services as per agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2077" xlink:to="label2077"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_HighPointComplexMember" xlink:label="element2078"/>
<label xlink:type="resource" xlink:label="label2078" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_HighPointComplexMember_en-US"> High Point Complex [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2078" xlink:to="label2078"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_HighPointComplexMember" xlink:label="element2079"/>
<label xlink:type="resource" xlink:label="label2079" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_HighPointComplexMember_en-US"> Domain member used to indicate facts reported for High Point Complex. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2079" xlink:to="label2079"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CollateralPropertyNetCarryingValue" xlink:label="element2080"/>
<label xlink:type="resource" xlink:label="label2080" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CollateralPropertyNetCarryingValue_en-US"> Collateral Property Net Carrying Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2080" xlink:to="label2080"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CollateralPropertyNetCarryingValue" xlink:label="element2081"/>
<label xlink:type="resource" xlink:label="label2081" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CollateralPropertyNetCarryingValue_en-US"> The net carrying value of property collateralizing the notes and mortgages payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2081" xlink:to="label2081"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RepaymentOfPrincipalDebtTypeAxis" xlink:label="element2082"/>
<label xlink:type="resource" xlink:label="label2082" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RepaymentOfPrincipalDebtTypeAxis_en-US"> Repayment Of Principal Debt Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2082" xlink:to="label2082"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RepaymentOfPrincipalDebtTypeAxis" xlink:label="element2083"/>
<label xlink:type="resource" xlink:label="label2083" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RepaymentOfPrincipalDebtTypeAxis_en-US"> Schedule of future principal repayments of debt by type </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2083" xlink:to="label2083"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RepaymentOfPrincipalDebtTypeDomain" xlink:label="element2084"/>
<label xlink:type="resource" xlink:label="label2084" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RepaymentOfPrincipalDebtTypeDomain_en-US"> Repayment Of Principal Debt Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2084" xlink:to="label2084"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RepaymentOfPrincipalDebtTypeDomain" xlink:label="element2085"/>
<label xlink:type="resource" xlink:label="label2085" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RepaymentOfPrincipalDebtTypeDomain_en-US"> Schedule of future principal repayments of debt by type </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2085" xlink:to="label2085"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestOperatingPartnershipUnitsDistributionRate" xlink:label="element2086"/>
<label xlink:type="resource" xlink:label="label2086" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RedeemableNoncontrollingInterestOperatingPartnershipUnitsDistributionRate_en-US"> Redeemable Noncontrolling Interest Operating Partnership Units Distribution Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2086" xlink:to="label2086"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestOperatingPartnershipUnitsDistributionRate" xlink:label="element2087"/>
<label xlink:type="resource" xlink:label="label2087" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RedeemableNoncontrollingInterestOperatingPartnershipUnitsDistributionRate_en-US"> Preference or annual distribution rate of the operating partnership units held by third parties that are included in the redeemable noncontrolling interests on the consolidated balance sheet. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2087" xlink:to="label2087"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestOperatingPartnershipUnitsDistributionRate" xlink:label="element2088"/>
<label xlink:type="resource" xlink:label="label2088" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RedeemableNoncontrollingInterestOperatingPartnershipUnitsDistributionRate_en-US"> Preferred Or Annual Distribution Rate (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2088" xlink:to="label2088"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD10CumulativeRedeemablePreferredUnitMember" xlink:label="element2089"/>
<label xlink:type="resource" xlink:label="label2089" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesD10CumulativeRedeemablePreferredUnitMember_en-US"> Series D10 Cumulative Redeemable Preferred Unit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2089" xlink:to="label2089"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD10CumulativeRedeemablePreferredUnitMember" xlink:label="element2090"/>
<label xlink:type="resource" xlink:label="label2090" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeriesD10CumulativeRedeemablePreferredUnitMember_en-US"> Series D10 7.00% Cumulative Redeemable Preferred Unit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2090" xlink:to="label2090"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD11CumulativeRedeemablePreferredUnitMember" xlink:label="element2091"/>
<label xlink:type="resource" xlink:label="label2091" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesD11CumulativeRedeemablePreferredUnitMember_en-US"> Series D11 Cumulative Redeemable Preferred Unit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2091" xlink:to="label2091"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD11CumulativeRedeemablePreferredUnitMember" xlink:label="element2092"/>
<label xlink:type="resource" xlink:label="label2092" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeriesD11CumulativeRedeemablePreferredUnitMember_en-US"> Series D11 7.20% Cumulative Redeemable Preferred Unit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2092" xlink:to="label2092"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD12CumulativeRedeemablePreferredUnitMember" xlink:label="element2093"/>
<label xlink:type="resource" xlink:label="label2093" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesD12CumulativeRedeemablePreferredUnitMember_en-US"> Series D12 Cumulative Redeemable Preferred Unit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2093" xlink:to="label2093"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD12CumulativeRedeemablePreferredUnitMember" xlink:label="element2094"/>
<label xlink:type="resource" xlink:label="label2094" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeriesD12CumulativeRedeemablePreferredUnitMember_en-US"> Series D12 6.55% Cumulative Redeemable Preferred Unit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2094" xlink:to="label2094"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD14CumulativeRedeemablePreferredUnitMember" xlink:label="element2095"/>
<label xlink:type="resource" xlink:label="label2095" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesD14CumulativeRedeemablePreferredUnitMember_en-US"> Series D14 Cumulative Redeemable Preferred Unit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2095" xlink:to="label2095"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD14CumulativeRedeemablePreferredUnitMember" xlink:label="element2096"/>
<label xlink:type="resource" xlink:label="label2096" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeriesD14CumulativeRedeemablePreferredUnitMember_en-US"> Series D14 6.75% Cumulative Redeemable Preferred Unit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2096" xlink:to="label2096"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD15CumulativeRedeemablePreferredUnitMember" xlink:label="element2097"/>
<label xlink:type="resource" xlink:label="label2097" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesD15CumulativeRedeemablePreferredUnitMember_en-US"> Series D15 Cumulative Redeemable Preferred Unit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2097" xlink:to="label2097"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD15CumulativeRedeemablePreferredUnitMember" xlink:label="element2098"/>
<label xlink:type="resource" xlink:label="label2098" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeriesD15CumulativeRedeemablePreferredUnitMember_en-US"> Series D15 6.875% Cumulative Redeemable Preferred Unit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2098" xlink:to="label2098"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD16CumulativeRedeemablePreferredUnitMember" xlink:label="element2099"/>
<label xlink:type="resource" xlink:label="label2099" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesD16CumulativeRedeemablePreferredUnitMember_en-US"> Series D16 Cumulative Redeemable Preferred Unit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2099" xlink:to="label2099"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesD16CumulativeRedeemablePreferredUnitMember" xlink:label="element2100"/>
<label xlink:type="resource" xlink:label="label2100" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeriesD16CumulativeRedeemablePreferredUnitMember_en-US"> Series D16 5.00% Cumulative Redeemable Preferred Unit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2100" xlink:to="label2100"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IdentifiedIntangibleAssetsAndIntangibleLiabilitiesTablesAbstract" xlink:label="element2101"/>
<label xlink:type="resource" xlink:label="label2101" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IdentifiedIntangibleAssetsAndIntangibleLiabilitiesTablesAbstract_en-US"> Identified Intangible Assets [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2101" xlink:to="label2101"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IdentifiedIntangibleAssetsAndIntangibleLiabilitiesTablesAbstract" xlink:label="element2102"/>
<label xlink:type="resource" xlink:label="label2102" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IdentifiedIntangibleAssetsAndIntangibleLiabilitiesTablesAbstract_en-US"> Identified Intangible Assets And Intangible Liabilities Tables [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2102" xlink:to="label2102"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncomeTablesAbstract" xlink:label="element2103"/>
<label xlink:type="resource" xlink:label="label2103" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FeeAndOtherIncomeTablesAbstract_en-US"> Fee and Other Income [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2103" xlink:to="label2103"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncomeTablesAbstract" xlink:label="element2104"/>
<label xlink:type="resource" xlink:label="label2104" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FeeAndOtherIncomeTablesAbstract_en-US"> Fee And Other Income Tables [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2104" xlink:to="label2104"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AdditionalRentDueAnnuallyFromTenant" xlink:label="element2105"/>
<label xlink:type="resource" xlink:label="label2105" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AdditionalRentDueAnnuallyFromTenant_en-US"> Additional Rent Due Annually From Tenant </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2105" xlink:to="label2105"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AdditionalRentDueAnnuallyFromTenant" xlink:label="element2106"/>
<label xlink:type="resource" xlink:label="label2106" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AdditionalRentDueAnnuallyFromTenant_en-US"> Additional rent per annum due from Stop And Shop </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2106" xlink:to="label2106"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CapitalLeaseTerms" xlink:label="element2107"/>
<label xlink:type="resource" xlink:label="label2107" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CapitalLeaseTerms_en-US"> Capital Lease Terms </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2107" xlink:to="label2107"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CapitalLeaseTerms" xlink:label="element2108"/>
<label xlink:type="resource" xlink:label="label2108" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CapitalLeaseTerms_en-US"> Capital lease terms range </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2108" xlink:to="label2108"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_BalanceSheetDataAbstract" xlink:label="element2109"/>
<label xlink:type="resource" xlink:label="label2109" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_BalanceSheetDataAbstract_en-US"> Balance Sheet Data [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2109" xlink:to="label2109"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarketableEquitySecuritiesMember" xlink:label="element2110"/>
<label xlink:type="resource" xlink:label="label2110" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MarketableEquitySecuritiesMember_en-US"> Marketable Equity Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2110" xlink:to="label2110"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarketableEquitySecuritiesMember" xlink:label="element2111"/>
<label xlink:type="resource" xlink:label="label2111" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MarketableEquitySecuritiesMember_en-US"> Marketable Equity Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2111" xlink:to="label2111"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarketableEquitySecuritiesMember" xlink:label="element2112"/>
<label xlink:type="resource" xlink:label="label2112" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MarketableEquitySecuritiesMember_en-US"> Non- cash impairment loss on J.C. Penny derivative position [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2112" xlink:to="label2112"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AdditionalRentDueFromTenant" xlink:label="element2113"/>
<label xlink:type="resource" xlink:label="label2113" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AdditionalRentDueFromTenant_en-US"> Additional Rent Due From Tenant </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2113" xlink:to="label2113"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AdditionalRentDueFromTenant" xlink:label="element2114"/>
<label xlink:type="resource" xlink:label="label2114" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AdditionalRentDueFromTenant_en-US"> Represents the Total Amount Due from Stop and Shop related to the guarantee </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2114" xlink:to="label2114"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfTenantsContributingTenPercentOrMoreOfTotalRevenues" xlink:label="element2115"/>
<label xlink:type="resource" xlink:label="label2115" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfTenantsContributingTenPercentOrMoreOfTotalRevenues_en-US"> Number Of Tenants Contributing Ten Percent Or More Of Total Revenues </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2115" xlink:to="label2115"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfTenantsContributingTenPercentOrMoreOfTotalRevenues" xlink:label="element2116"/>
<label xlink:type="resource" xlink:label="label2116" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfTenantsContributingTenPercentOrMoreOfTotalRevenues_en-US"> his element represents the number of tenants that contribute 10% or more to the total revenue of the company </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2116" xlink:to="label2116"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailSanJoseStripCenterMember" xlink:label="element2117"/>
<label xlink:type="resource" xlink:label="label2117" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailSanJoseStripCenterMember_en-US"> Retail San Jose Strip Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2117" xlink:to="label2117"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailSanJoseStripCenterMember" xlink:label="element2118"/>
<label xlink:type="resource" xlink:label="label2118" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailSanJoseStripCenterMember_en-US"> Retail San Jose Strip Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2118" xlink:to="label2118"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailSanJoseStripCenterMember" xlink:label="element2119"/>
<label xlink:type="resource" xlink:label="label2119" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RetailSanJoseStripCenterMember_en-US"> Plant [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2119" xlink:to="label2119"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConstructionCostsBudgeted" xlink:label="element2120"/>
<label xlink:type="resource" xlink:label="label2120" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ConstructionCostsBudgeted_en-US"> Construction Costs Budgeted </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2120" xlink:to="label2120"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConstructionCostsBudgeted" xlink:label="element2121"/>
<label xlink:type="resource" xlink:label="label2121" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ConstructionCostsBudgeted_en-US"> Total construction cost budgeted for the project </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2121" xlink:to="label2121"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AnnualNetSettledPaymentsReceived" xlink:label="element2122"/>
<label xlink:type="resource" xlink:label="label2122" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AnnualNetSettledPaymentsReceived_en-US"> Annual Net Settled Payments Received </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2122" xlink:to="label2122"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AnnualNetSettledPaymentsReceived" xlink:label="element2123"/>
<label xlink:type="resource" xlink:label="label2123" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AnnualNetSettledPaymentsReceived_en-US"> This element represents the annual net settled payment received </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2123" xlink:to="label2123"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AnnualObligationToCounty" xlink:label="element2124"/>
<label xlink:type="resource" xlink:label="label2124" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AnnualObligationToCounty_en-US"> Annual Obligation to the County </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2124" xlink:to="label2124"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AnnualObligationToCounty" xlink:label="element2125"/>
<label xlink:type="resource" xlink:label="label2125" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AnnualObligationToCounty_en-US"> This element represents the total annual obligation to the County related to the development and management of the Cleveland Medical Mart and Convention Center </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2125" xlink:to="label2125"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentAndOperatingPeriod" xlink:label="element2126"/>
<label xlink:type="resource" xlink:label="label2126" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DevelopmentAndOperatingPeriod_en-US"> Development and Operating Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2126" xlink:to="label2126"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentAndOperatingPeriod" xlink:label="element2127"/>
<label xlink:type="resource" xlink:label="label2127" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DevelopmentAndOperatingPeriod_en-US"> Total number of years anticipated to develop and operate the Cleveland Medical Mart and Convention Center </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2127" xlink:to="label2127"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommitmentsToFundImprovements" xlink:label="element2128"/>
<label xlink:type="resource" xlink:label="label2128" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CommitmentsToFundImprovements_en-US"> Commitments to Fund Improvements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2128" xlink:to="label2128"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommitmentsToFundImprovements" xlink:label="element2129"/>
<label xlink:type="resource" xlink:label="label2129" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CommitmentsToFundImprovements_en-US"> Additional commitments to fund tenant improvements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2129" xlink:to="label2129"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfStockAppreciationRightsExercised" xlink:label="element2130"/>
<label xlink:type="resource" xlink:label="label2130" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfStockAppreciationRightsExercised_en-US"> Number of Stock Appreciation Rights Exercised </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2130" xlink:to="label2130"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfStockAppreciationRightsExercised" xlink:label="element2131"/>
<label xlink:type="resource" xlink:label="label2131" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfStockAppreciationRightsExercised_en-US"> Number of Stock Appreciation Rights exercised </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2131" xlink:to="label2131"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ProceedsFromExerciseOfStockAppreciationRights" xlink:label="element2132"/>
<label xlink:type="resource" xlink:label="label2132" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ProceedsFromExerciseOfStockAppreciationRights_en-US"> Proceeds From Exercise Of Stock Appreciation Rights </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2132" xlink:to="label2132"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ProceedsFromExerciseOfStockAppreciationRights" xlink:label="element2133"/>
<label xlink:type="resource" xlink:label="label2133" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ProceedsFromExerciseOfStockAppreciationRights_en-US"> he gross proceeds from the exercise of stock appreciation rights </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2133" xlink:to="label2133"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterstatePropertiesMember" xlink:label="element2134"/>
<label xlink:type="resource" xlink:label="label2134" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InterstatePropertiesMember_en-US"> Interstate Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2134" xlink:to="label2134"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterstatePropertiesMember" xlink:label="element2135"/>
<label xlink:type="resource" xlink:label="label2135" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InterstatePropertiesMember_en-US"> Interstate Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2135" xlink:to="label2135"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfCompanyOwnedByRelatedParty" xlink:label="element2136"/>
<label xlink:type="resource" xlink:label="label2136" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PercentageOfCompanyOwnedByRelatedParty_en-US"> Percentage of Company Owned by Related Party </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2136" xlink:to="label2136"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfCompanyOwnedByRelatedParty" xlink:label="element2137"/>
<label xlink:type="resource" xlink:label="label2137" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PercentageOfCompanyOwnedByRelatedParty_en-US"> his element represents the percentage of the company owned by related party </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2137" xlink:to="label2137"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfAffiliatedEntityOwnedByCompany" xlink:label="element2138"/>
<label xlink:type="resource" xlink:label="label2138" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PercentageOfAffiliatedEntityOwnedByCompany_en-US"> Percentage of Affiliated Entity Owned By Company </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2138" xlink:to="label2138"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfAffiliatedEntityOwnedByCompany" xlink:label="element2139"/>
<label xlink:type="resource" xlink:label="label2139" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PercentageOfAffiliatedEntityOwnedByCompany_en-US"> Percentage of Alexanders Owned By Company </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2139" xlink:to="label2139"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentLossesOnMarketableSecuritiesMember" xlink:label="element2140"/>
<label xlink:type="resource" xlink:label="label2140" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ImpairmentLossesOnMarketableSecuritiesMember_en-US"> Impairment Losses On Marketable Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2140" xlink:to="label2140"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentLossesOnMarketableSecuritiesMember" xlink:label="element2141"/>
<label xlink:type="resource" xlink:label="label2141" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ImpairmentLossesOnMarketableSecuritiesMember_en-US"> Impairment losses on Marketable Equity Securities Member </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2141" xlink:to="label2141"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LimitedPartnersContributionsAbstract" xlink:label="element2142"/>
<label xlink:type="resource" xlink:label="label2142" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LimitedPartnersContributionsAbstract_en-US"> Limited Partners Contributions [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2142" xlink:to="label2142"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LimitedPartnersContributionsAbstract" xlink:label="element2143"/>
<label xlink:type="resource" xlink:label="label2143" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_LimitedPartnersContributionsAbstract_en-US"> Contributions: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2143" xlink:to="label2143"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestReceivedOnRepaymentOnMezzanineLoan" xlink:label="element2144"/>
<label xlink:type="resource" xlink:label="label2144" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InterestReceivedOnRepaymentOnMezzanineLoan_en-US"> Interest received on repayment on mezzanine loan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2144" xlink:to="label2144"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestReceivedOnRepaymentOnMezzanineLoan" xlink:label="element2145"/>
<label xlink:type="resource" xlink:label="label2145" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InterestReceivedOnRepaymentOnMezzanineLoan_en-US"> Interest received on repayment of mezzanine loan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2145" xlink:to="label2145"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestReceivedOnRepaymentOnMezzanineLoan" xlink:label="element2146"/>
<label xlink:type="resource" xlink:label="label2146" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_InterestReceivedOnRepaymentOnMezzanineLoan_en-US"> Interest received on repayment of mezzanine loan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2146" xlink:to="label2146"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AcquisitionAndRetirementOfConvertibleSeniorDebenturesAndSeniorUnsecuredNotes" xlink:label="element2147"/>
<label xlink:type="resource" xlink:label="label2147" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AcquisitionAndRetirementOfConvertibleSeniorDebenturesAndSeniorUnsecuredNotes_en-US"> Acquisition and retirement of convertible senior debentures and senior unsecured notes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2147" xlink:to="label2147"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AcquisitionAndRetirementOfConvertibleSeniorDebenturesAndSeniorUnsecuredNotes" xlink:label="element2148"/>
<label xlink:type="resource" xlink:label="label2148" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AcquisitionAndRetirementOfConvertibleSeniorDebenturesAndSeniorUnsecuredNotes_en-US"> The cash outflow from the repayment of debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder and the cash outflow from the repayment of senior unsecured notes. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2148" xlink:to="label2148"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AcquisitionAndRetirementOfConvertibleSeniorDebenturesAndSeniorUnsecuredNotes" xlink:label="element2149"/>
<label xlink:type="resource" xlink:label="label2149" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_AcquisitionAndRetirementOfConvertibleSeniorDebenturesAndSeniorUnsecuredNotes_en-US"> Acquisition of convertible senior debentures and senior unsecured notes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2149" xlink:to="label2149"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedemptionOfRedeemableNoncontrollingInterests" xlink:label="element2150"/>
<label xlink:type="resource" xlink:label="label2150" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RedemptionOfRedeemableNoncontrollingInterests_en-US"> Redemption of redeemable noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2150" xlink:to="label2150"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedemptionOfRedeemableNoncontrollingInterests" xlink:label="element2151"/>
<label xlink:type="resource" xlink:label="label2151" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RedemptionOfRedeemableNoncontrollingInterests_en-US"> The cash outflow during the period for redemption of redeemable noncontrolling interests. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2151" xlink:to="label2151"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedemptionOfRedeemableNoncontrollingInterests" xlink:label="element2152"/>
<label xlink:type="resource" xlink:label="label2152" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_RedemptionOfRedeemableNoncontrollingInterests_en-US"> Redemption of redeemable noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2152" xlink:to="label2152"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RestrictedCash" xlink:label="element2153"/>
<label xlink:type="resource" xlink:label="label2153" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RestrictedCash_en-US"> Restricted cash </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2153" xlink:to="label2153"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RestrictedCash" xlink:label="element2154"/>
<label xlink:type="resource" xlink:label="label2154" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RestrictedCash_en-US"> ease in Restricted cash resulting from the consolidation of investment previously accounted for on the equity method </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2154" xlink:to="label2154"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DisposalGroupIncludingDiscontinuedOperationLitigationLossAccrualsImpairments" xlink:label="element2155"/>
<label xlink:type="resource" xlink:label="label2155" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DisposalGroupIncludingDiscontinuedOperationLitigationLossAccrualsImpairments_en-US"> Disposal Group Including Discontinued Operation Litigation Loss Accruals Impairments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2155" xlink:to="label2155"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DisposalGroupIncludingDiscontinuedOperationLitigationLossAccrualsImpairments" xlink:label="element2156"/>
<label xlink:type="resource" xlink:label="label2156" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_DisposalGroupIncludingDiscontinuedOperationLitigationLossAccrualsImpairments_en-US"> Impairment losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2156" xlink:to="label2156"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartIlTotalMember" xlink:label="element2157"/>
<label xlink:type="resource" xlink:label="label2157" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MerchandiseMartIlTotalMember_en-US"> Merchandise Mart IL Total [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2157" xlink:to="label2157"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartIlTotalMember" xlink:label="element2158"/>
<label xlink:type="resource" xlink:label="label2158" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MerchandiseMartIlTotalMember_en-US"> Merchandise Mart IL Total [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2158" xlink:to="label2158"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPropertiesAtlanticCityNjMember" xlink:label="element2159"/>
<label xlink:type="resource" xlink:label="label2159" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherPropertiesAtlanticCityNjMember_en-US"> Other Properties Atlantic City NJ [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2159" xlink:to="label2159"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPropertiesAtlanticCityNjMember" xlink:label="element2160"/>
<label xlink:type="resource" xlink:label="label2160" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherPropertiesAtlanticCityNjMember_en-US"> Other Properties Atlantic City NJ [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2160" xlink:to="label2160"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ClevelandMedicalMartConventionCenterMember" xlink:label="element2161"/>
<label xlink:type="resource" xlink:label="label2161" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ClevelandMedicalMartConventionCenterMember_en-US"> Cleveland Medical Mart & Convention Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2161" xlink:to="label2161"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ClevelandMedicalMartConventionCenterMember" xlink:label="element2162"/>
<label xlink:type="resource" xlink:label="label2162" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ClevelandMedicalMartConventionCenterMember_en-US"> Cleveland Medical Mart & Convention Center </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2162" xlink:to="label2162"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnpaidBalanceYearEndInterestRate" xlink:label="element2163"/>
<label xlink:type="resource" xlink:label="label2163" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnpaidBalanceYearEndInterestRate_en-US"> Unpaid Balance Year End Interest Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2163" xlink:to="label2163"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnpaidBalanceYearEndInterestRate" xlink:label="element2164"/>
<label xlink:type="resource" xlink:label="label2164" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnpaidBalanceYearEndInterestRate_en-US"> Interest rate at the period end as per the interest rate terms under the leasing agreement. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2164" xlink:to="label2164"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherRealEstateRevenueFromEquityMethodInvestees" xlink:label="element2165"/>
<label xlink:type="resource" xlink:label="label2165" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherRealEstateRevenueFromEquityMethodInvestees_en-US"> Other Real Estate Revenue From Equity Method Investees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2165" xlink:to="label2165"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherRealEstateRevenueFromEquityMethodInvestees" xlink:label="element2166"/>
<label xlink:type="resource" xlink:label="label2166" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherRealEstateRevenueFromEquityMethodInvestees_en-US"> Fee income for supervision of cleaning, engineering and security services as per agreement recognized during the period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2166" xlink:to="label2166"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherRealEstateRevenueFromEquityMethodInvestees" xlink:label="element2167"/>
<label xlink:type="resource" xlink:label="label2167" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_OtherRealEstateRevenueFromEquityMethodInvestees_en-US"> Fee Income recognized by equity method investees for building maintenance services </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2167" xlink:to="label2167"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorNotes7375Member" xlink:label="element2168"/>
<label xlink:type="resource" xlink:label="label2168" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorNotes7375Member_en-US"> Senior Notes 7375 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2168" xlink:to="label2168"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonMortgageNotesPayableMember" xlink:label="element2169"/>
<label xlink:type="resource" xlink:label="label2169" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LexingtonMortgageNotesPayableMember_en-US"> Lexington Mortgage Notes Payable [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2169" xlink:to="label2169"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WarnerBuildingMember" xlink:label="element2170"/>
<label xlink:type="resource" xlink:label="label2170" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WarnerBuildingMember_en-US"> Warner Building [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2170" xlink:to="label2170"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WarnerBuildingMember" xlink:label="element2171"/>
<label xlink:type="resource" xlink:label="label2171" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WarnerBuildingMember_en-US"> Warner Building [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2171" xlink:to="label2171"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTypeAxis" xlink:label="element2172"/>
<label xlink:type="resource" xlink:label="label2172" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTypeAxis_en-US"> Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Award Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2172" xlink:to="label2172"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTypeAxis" xlink:label="element2173"/>
<label xlink:type="resource" xlink:label="label2173" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTypeAxis_en-US"> Axis for Full Value and Not Full Value Award types </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2173" xlink:to="label2173"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTypeDomain" xlink:label="element2174"/>
<label xlink:type="resource" xlink:label="label2174" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardAwardTypeDomain_en-US"> Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Award Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2174" xlink:to="label2174"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FullValueAwardsMember" xlink:label="element2175"/>
<label xlink:type="resource" xlink:label="label2175" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FullValueAwardsMember_en-US"> Full Value Awards [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2175" xlink:to="label2175"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotFullValueAwardsMember" xlink:label="element2176"/>
<label xlink:type="resource" xlink:label="label2176" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NotFullValueAwardsMember_en-US"> Not Full Value Awards [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2176" xlink:to="label2176"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoanLossAccuralReversal" xlink:label="element2177"/>
<label xlink:type="resource" xlink:label="label2177" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MezzanineLoanLossAccuralReversal_en-US"> Mezzanine Loan Loss Accural Reversal </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2177" xlink:to="label2177"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoanLossAccuralReversal" xlink:label="element2178"/>
<label xlink:type="resource" xlink:label="label2178" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MezzanineLoanLossAccuralReversal_en-US"> This elememt represents the mezzanine loan loss accrual expense or reversal income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2178" xlink:to="label2178"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateNetDeconsolidated" xlink:label="element2179"/>
<label xlink:type="resource" xlink:label="label2179" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateNetDeconsolidated_en-US"> Real Estate, Net Deconsolidated </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2179" xlink:to="label2179"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateNetDeconsolidated" xlink:label="element2180"/>
<label xlink:type="resource" xlink:label="label2180" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_RealEstateNetDeconsolidated_en-US"> Real estate, Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2180" xlink:to="label2180"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateNetDeconsolidated" xlink:label="element2181"/>
<label xlink:type="resource" xlink:label="label2181" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RealEstateNetDeconsolidated_en-US"> The decrease in the carrying value of real estate, net due to deconsolidation in the current period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2181" xlink:to="label2181"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndMortgagesPayableDeconsolidated" xlink:label="element2182"/>
<label xlink:type="resource" xlink:label="label2182" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NotesAndMortgagesPayableDeconsolidated_en-US"> Notes and Mortgages Payable Deconsolidated </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2182" xlink:to="label2182"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndMortgagesPayableDeconsolidated" xlink:label="element2183"/>
<label xlink:type="resource" xlink:label="label2183" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_NotesAndMortgagesPayableDeconsolidated_en-US"> Notes and Mortgages Payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2183" xlink:to="label2183"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndMortgagesPayableDeconsolidated" xlink:label="element2184"/>
<label xlink:type="resource" xlink:label="label2184" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NotesAndMortgagesPayableDeconsolidated_en-US"> The decrease in the carrying value of mortgages payable due to deconsolidation in the current period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2184" xlink:to="label2184"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RecognitionOfDeferredRevenueAdjustedForDiscontinuedOperations" xlink:label="element2185"/>
<label xlink:type="resource" xlink:label="label2185" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RecognitionOfDeferredRevenueAdjustedForDiscontinuedOperations_en-US"> Recognition Of Deferred Revenue Adjusted For Discontinued Operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2185" xlink:to="label2185"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RecognitionOfDeferredRevenueAdjustedForDiscontinuedOperations" xlink:label="element2186"/>
<label xlink:type="resource" xlink:label="label2186" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RecognitionOfDeferredRevenueAdjustedForDiscontinuedOperations_en-US"> Amortization Of Below Market Leases Net Adjusted For Discontinued Operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2186" xlink:to="label2186"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RecognitionOfDeferredRevenueAdjustedForDiscontinuedOperations" xlink:label="element2187"/>
<label xlink:type="resource" xlink:label="label2187" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_RecognitionOfDeferredRevenueAdjustedForDiscontinuedOperations_en-US"> Amortization of below-market leases, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2187" xlink:to="label2187"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InsuranceCoverageTypeNameAxis" xlink:label="element2188"/>
<label xlink:type="resource" xlink:label="label2188" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InsuranceCoverageTypeNameAxis_en-US"> Insurance Coverage Type Name [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2188" xlink:to="label2188"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InsuranceCoverageTypeNameDomain" xlink:label="element2189"/>
<label xlink:type="resource" xlink:label="label2189" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InsuranceCoverageTypeNameDomain_en-US"> Insurance Coverage Type Name [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2189" xlink:to="label2189"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateNetAtFairValue" xlink:label="element2190"/>
<label xlink:type="resource" xlink:label="label2190" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateNetAtFairValue_en-US"> Real Estate, Net at Fair Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2190" xlink:to="label2190"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateNetAtFairValue" xlink:label="element2191"/>
<label xlink:type="resource" xlink:label="label2191" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RealEstateNetAtFairValue_en-US"> The component of Real Estate that has been measured at Fair Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2191" xlink:to="label2191"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet" xlink:label="element2192"/>
<label xlink:type="resource" xlink:label="label2192" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet_en-US"> Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2192" xlink:to="label2192"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet" xlink:label="element2193"/>
<label xlink:type="resource" xlink:label="label2193" xlink:role="http://www.xbrl.org/2009/role/negatedNetLabel" xml:lang="en-US" id="NegatedNet_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet_en-US"> Other, Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2193" xlink:to="label2193"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet" xlink:label="element2194"/>
<label xlink:type="resource" xlink:label="label2194" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherNet_en-US"> Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Gain Loss Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2194" xlink:to="label2194"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FinancialAssetsAndLiabilitiesNotMeasuredAtFairValueAbstract" xlink:label="element2195"/>
<label xlink:type="resource" xlink:label="label2195" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FinancialAssetsAndLiabilitiesNotMeasuredAtFairValueAbstract_en-US"> Financial Assets And Liabilities Not Measured At Fair Value [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2195" xlink:to="label2195"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MidtownManhattanMember" xlink:label="element2196"/>
<label xlink:type="resource" xlink:label="label2196" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MidtownManhattanMember_en-US"> Midtown Manhattan [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2196" xlink:to="label2196"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcNorthernVirginiaMember" xlink:label="element2197"/>
<label xlink:type="resource" xlink:label="label2197" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcNorthernVirginiaMember_en-US"> Washington Dc Northern Virginia [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2197" xlink:to="label2197"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SanFranciscoMember" xlink:label="element2198"/>
<label xlink:type="resource" xlink:label="label2198" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SanFranciscoMember_en-US"> San Francisco [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2198" xlink:to="label2198"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ManhattanMember" xlink:label="element2199"/>
<label xlink:type="resource" xlink:label="label2199" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ManhattanMember_en-US"> Manhattan [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2199" xlink:to="label2199"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonAvenue731Member" xlink:label="element2200"/>
<label xlink:type="resource" xlink:label="label2200" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LexingtonAvenue731Member_en-US"> Lexington Avenue 731 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2200" xlink:to="label2200"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ResidentialPropertiesMember" xlink:label="element2201"/>
<label xlink:type="resource" xlink:label="label2201" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ResidentialPropertiesMember_en-US"> Residential Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2201" xlink:to="label2201"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherEquitySecuritiesMember" xlink:label="element2202"/>
<label xlink:type="resource" xlink:label="label2202" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherEquitySecuritiesMember_en-US"> Other Equity Securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2202" xlink:to="label2202"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CumulativeRedeemablePreferredUnitMember" xlink:label="element2203"/>
<label xlink:type="resource" xlink:label="label2203" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CumulativeRedeemablePreferredUnitMember_en-US"> Cumulative Redeemable Preferred Unit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2203" xlink:to="label2203"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentAndProjectManagementRevenues" xlink:label="element2204"/>
<label xlink:type="resource" xlink:label="label2204" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DevelopmentAndProjectManagementRevenues_en-US"> Development And Project Management Revenues </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2204" xlink:to="label2204"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentAndProjectManagementRevenues" xlink:label="element2205"/>
<label xlink:type="resource" xlink:label="label2205" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DevelopmentAndProjectManagementRevenues_en-US"> Cleveland Medical Mart development project </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2205" xlink:to="label2205"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentAndProjectManagementRevenues" xlink:label="element2206"/>
<label xlink:type="resource" xlink:label="label2206" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DevelopmentAndProjectManagementRevenues_en-US"> Revenues related to providing development, marketing, leasing and other property management services for a project. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2206" xlink:to="label2206"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentAndProjectManagementExpenses" xlink:label="element2207"/>
<label xlink:type="resource" xlink:label="label2207" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DevelopmentAndProjectManagementExpenses_en-US"> Development And Project Management Expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2207" xlink:to="label2207"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentAndProjectManagementExpenses" xlink:label="element2208"/>
<label xlink:type="resource" xlink:label="label2208" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DevelopmentAndProjectManagementExpenses_en-US"> Cleveland Medical Mart development project </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2208" xlink:to="label2208"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentAndProjectManagementExpenses" xlink:label="element2209"/>
<label xlink:type="resource" xlink:label="label2209" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DevelopmentAndProjectManagementExpenses_en-US"> Expenses related to development, leasing, marketing and and property management services related to a project. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2209" xlink:to="label2209"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoans280ParkAvenueMember" xlink:label="element2210"/>
<label xlink:type="resource" xlink:label="label2210" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MezzanineLoans280ParkAvenueMember_en-US"> Mezzanine Loans 280 Park Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2210" xlink:to="label2210"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoans280ParkAvenueMember" xlink:label="element2211"/>
<label xlink:type="resource" xlink:label="label2211" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MezzanineLoans280ParkAvenueMember_en-US"> Mezzanine Loans 280 Park Avenue </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2211" xlink:to="label2211"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OneParkAvenueMember" xlink:label="element2212"/>
<label xlink:type="resource" xlink:label="label2212" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OneParkAvenueMember_en-US"> One Park Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2212" xlink:to="label2212"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OneParkAvenueMember" xlink:label="element2213"/>
<label xlink:type="resource" xlink:label="label2213" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OneParkAvenueMember_en-US"> One Park Avenue </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2213" xlink:to="label2213"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IndependencePlazaMember" xlink:label="element2214"/>
<label xlink:type="resource" xlink:label="label2214" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IndependencePlazaMember_en-US"> Independence Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2214" xlink:to="label2214"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IndependencePlazaMember" xlink:label="element2215"/>
<label xlink:type="resource" xlink:label="label2215" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IndependencePlazaMember_en-US"> Independence Plaza </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2215" xlink:to="label2215"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IndependencePlazaMember" xlink:label="element2216"/>
<label xlink:type="resource" xlink:label="label2216" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IndependencePlazaMember_en-US"> New York Independence Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2216" xlink:to="label2216"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ContributionsByPartnersAxis" xlink:label="element2217"/>
<label xlink:type="resource" xlink:label="label2217" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ContributionsByPartnersAxis_en-US"> Contributions By Partners [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2217" xlink:to="label2217"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ContributionsByPartnersAxis" xlink:label="element2218"/>
<label xlink:type="resource" xlink:label="label2218" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ContributionsByPartnersAxis_en-US"> This axis represents the name of each Partner which has made a contribution. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2218" xlink:to="label2218"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PartnerNameDomain" xlink:label="element2219"/>
<label xlink:type="resource" xlink:label="label2219" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PartnerNameDomain_en-US"> Partner Name [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2219" xlink:to="label2219"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PartnerNameDomain" xlink:label="element2220"/>
<label xlink:type="resource" xlink:label="label2220" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PartnerNameDomain_en-US"> This domain represents the name of each Partner which has made a contribution. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2220" xlink:to="label2220"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoRealtyTrustMember" xlink:label="element2221"/>
<label xlink:type="resource" xlink:label="label2221" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VornadoRealtyTrustMember_en-US"> Vornado Realty Trust [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2221" xlink:to="label2221"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoRealtyTrustMember" xlink:label="element2222"/>
<label xlink:type="resource" xlink:label="label2222" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_VornadoRealtyTrustMember_en-US"> Vornado Realty Trust </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2222" xlink:to="label2222"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SlGreenMember" xlink:label="element2223"/>
<label xlink:type="resource" xlink:label="label2223" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SlGreenMember_en-US"> SL Green [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2223" xlink:to="label2223"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SlGreenMember" xlink:label="element2224"/>
<label xlink:type="resource" xlink:label="label2224" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SlGreenMember_en-US"> SL Green </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2224" xlink:to="label2224"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoRealtyTrustAndSlGreenMember" xlink:label="element2225"/>
<label xlink:type="resource" xlink:label="label2225" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VornadoRealtyTrustAndSlGreenMember_en-US"> Vornado Realty Trust And SL Green [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2225" xlink:to="label2225"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoRealtyTrustAndSlGreenMember" xlink:label="element2226"/>
<label xlink:type="resource" xlink:label="label2226" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_VornadoRealtyTrustAndSlGreenMember_en-US"> Vornado Realty Trust and SL Green </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2226" xlink:to="label2226"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CondensedFinancialInformationForEquityMethodInvestmentsAbstract" xlink:label="element2227"/>
<label xlink:type="resource" xlink:label="label2227" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CondensedFinancialInformationForEquityMethodInvestmentsAbstract_en-US"> Condensed Financial Information For Equity Method Investments [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2227" xlink:to="label2227"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CondensedFinancialInformationForEquityMethodInvestmentsAbstract" xlink:label="element2228"/>
<label xlink:type="resource" xlink:label="label2228" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CondensedFinancialInformationForEquityMethodInvestmentsAbstract_en-US"> This abstract relates to condensed financial information for equity method investments. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2228" xlink:to="label2228"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentsAndIncomeFromEquityMethodInvestmentsAbstract" xlink:label="element2229"/>
<label xlink:type="resource" xlink:label="label2229" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityMethodInvestmentsAndIncomeFromEquityMethodInvestmentsAbstract_en-US"> Equity Method Investments And Income From Equity Method Investments [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2229" xlink:to="label2229"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentsAndIncomeFromEquityMethodInvestmentsAbstract" xlink:label="element2230"/>
<label xlink:type="resource" xlink:label="label2230" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EquityMethodInvestmentsAndIncomeFromEquityMethodInvestmentsAbstract_en-US"> This abstract relates to equity method investments and income from equity method investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2230" xlink:to="label2230"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestsRollforwardAbstract" xlink:label="element2231"/>
<label xlink:type="resource" xlink:label="label2231" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RedeemableNoncontrollingInterestsRollforwardAbstract_en-US"> Redeemable Noncontrolling Interests Rollforward [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2231" xlink:to="label2231"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestsAdditionalDisclosureAbstract" xlink:label="element2232"/>
<label xlink:type="resource" xlink:label="label2232" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RedeemableNoncontrollingInterestsAdditionalDisclosureAbstract_en-US"> Redeemable Noncontrolling Interests Additional Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2232" xlink:to="label2232"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RedeemableNoncontrollingInterestUnitsTableAbstract" xlink:label="element2233"/>
<label xlink:type="resource" xlink:label="label2233" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RedeemableNoncontrollingInterestUnitsTableAbstract_en-US"> Redeemable Noncontrolling Interest Units Table [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2233" xlink:to="label2233"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AllOtherExceptRealEstateFundMember" xlink:label="element2234"/>
<label xlink:type="resource" xlink:label="label2234" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AllOtherExceptRealEstateFundMember_en-US"> All Other Except Real Estate Fund [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2234" xlink:to="label2234"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AllOtherExceptRealEstateFundMember" xlink:label="element2235"/>
<label xlink:type="resource" xlink:label="label2235" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AllOtherExceptRealEstateFundMember_en-US"> This member represents all other susidiaries excepts for the company's Real Estate Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2235" xlink:to="label2235"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherFinancialDataForEquityMethodInvestmentsAbstract" xlink:label="element2236"/>
<label xlink:type="resource" xlink:label="label2236" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherFinancialDataForEquityMethodInvestmentsAbstract_en-US"> Other Financial Data For Equity Method Investments [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2236" xlink:to="label2236"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FifthAvenue666Member" xlink:label="element2237"/>
<label xlink:type="resource" xlink:label="label2237" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FifthAvenue666Member_en-US"> Fifth Avenue 666 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2237" xlink:to="label2237"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FifthAvenue666Member" xlink:label="element2238"/>
<label xlink:type="resource" xlink:label="label2238" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FifthAvenue666Member_en-US"> This member relates to 666 Fifth Avenue. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2238" xlink:to="label2238"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FifthAvenue666Member" xlink:label="element2239"/>
<label xlink:type="resource" xlink:label="label2239" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FifthAvenue666Member_en-US"> 666 Fifth Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2239" xlink:to="label2239"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnsecuredRevolvingCreditFacility1Member" xlink:label="element2240"/>
<label xlink:type="resource" xlink:label="label2240" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnsecuredRevolvingCreditFacility1Member_en-US"> Unsecured Revolving Credit Facility $1.25 Billion Maturing 11/16 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2240" xlink:to="label2240"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnsecuredRevolvingCreditFacility1Member" xlink:label="element2241"/>
<label xlink:type="resource" xlink:label="label2241" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnsecuredRevolvingCreditFacility1Member_en-US"> Unsecured Revolving Credit Facility 1 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2241" xlink:to="label2241"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnsecuredRevolvingCreditFacility1Member" xlink:label="element2242"/>
<label xlink:type="resource" xlink:label="label2242" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_UnsecuredRevolvingCreditFacility1Member_en-US"> Unsecured Revolving Credit Facility $1.25 Billion Maturing 11/16 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2242" xlink:to="label2242"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnsecuredRevolvingCreditFacility2Member" xlink:label="element2243"/>
<label xlink:type="resource" xlink:label="label2243" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnsecuredRevolvingCreditFacility2Member_en-US"> Unsecured Revolving Credit Facility $1.25 Billion Maturing 06/16 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2243" xlink:to="label2243"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnsecuredRevolvingCreditFacility2Member" xlink:label="element2244"/>
<label xlink:type="resource" xlink:label="label2244" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnsecuredRevolvingCreditFacility2Member_en-US"> Unsecured Revolving Credit Facility 2 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2244" xlink:to="label2244"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnsecuredRevolvingCreditFacility2Member" xlink:label="element2245"/>
<label xlink:type="resource" xlink:label="label2245" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_UnsecuredRevolvingCreditFacility2Member_en-US"> Unsecured Revolving Credit Facility $1.25 Billion Maturing 06/16 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2245" xlink:to="label2245"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherBorgataLandMember" xlink:label="element2246"/>
<label xlink:type="resource" xlink:label="label2246" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherBorgataLandMember_en-US"> Other Borgata Land [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2246" xlink:to="label2246"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherBorgataLandMember" xlink:label="element2247"/>
<label xlink:type="resource" xlink:label="label2247" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherBorgataLandMember_en-US"> Other Borgata Land [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2247" xlink:to="label2247"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SecuredTermLoanFacility1Member" xlink:label="element2248"/>
<label xlink:type="resource" xlink:label="label2248" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SecuredTermLoanFacility1Member_en-US"> Secured Term Loan Facility 1 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2248" xlink:to="label2248"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SecuredTermLoanFacility1Member" xlink:label="element2249"/>
<label xlink:type="resource" xlink:label="label2249" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SecuredTermLoanFacility1Member_en-US"> This member represents a $400 million secured term loan facility. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2249" xlink:to="label2249"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SecuredTermLoanFacility1Member" xlink:label="element2250"/>
<label xlink:type="resource" xlink:label="label2250" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SecuredTermLoanFacility1Member_en-US"> $400 million secured term loan facility [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2250" xlink:to="label2250"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailNorthBergenTonnelleAvenueMember" xlink:label="element2251"/>
<label xlink:type="resource" xlink:label="label2251" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailNorthBergenTonnelleAvenueMember_en-US"> Retail North Bergen Tonnelle Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2251" xlink:to="label2251"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailNorthBergenTonnelleAvenueMember" xlink:label="element2252"/>
<label xlink:type="resource" xlink:label="label2252" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailNorthBergenTonnelleAvenueMember_en-US"> Retail North Bergen Tonnelle Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2252" xlink:to="label2252"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PaymentsToFundDerivativeCollateral" xlink:label="element2253"/>
<label xlink:type="resource" xlink:label="label2253" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PaymentsToFundDerivativeCollateral_en-US"> Payments To Fund Derivative Collateral </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2253" xlink:to="label2253"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PaymentsToFundDerivativeCollateral" xlink:label="element2254"/>
<label xlink:type="resource" xlink:label="label2254" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_PaymentsToFundDerivativeCollateral_en-US"> Funding of J.C. Penney derivative collateral; and settlement of derivative in 2013 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2254" xlink:to="label2254"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PaymentsToFundDerivativeCollateral" xlink:label="element2255"/>
<label xlink:type="resource" xlink:label="label2255" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PaymentsToFundDerivativeCollateral_en-US"> The cash outflow to fund the collateral for the derivative position in equity securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2255" xlink:to="label2255"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReturnOfDerivativeCollateral" xlink:label="element2256"/>
<label xlink:type="resource" xlink:label="label2256" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ReturnOfDerivativeCollateral_en-US"> Return of J.C. Penney derivative collateral </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2256" xlink:to="label2256"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReturnOfDerivativeCollateral" xlink:label="element2257"/>
<label xlink:type="resource" xlink:label="label2257" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ReturnOfDerivativeCollateral_en-US"> The cash inflow from the refund of the collateral for the derivative position in equity securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2257" xlink:to="label2257"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReturnOfDerivativeCollateral" xlink:label="element2258"/>
<label xlink:type="resource" xlink:label="label2258" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ReturnOfDerivativeCollateral_en-US"> Return Of Derivative Collateral </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2258" xlink:to="label2258"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeOfRealEstate" xlink:label="element2259"/>
<label xlink:type="resource" xlink:label="label2259" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ExchangeOfRealEstate_en-US"> Exchange Of Real Estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2259" xlink:to="label2259"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeOfRealEstate" xlink:label="element2260"/>
<label xlink:type="resource" xlink:label="label2260" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_ExchangeOfRealEstate_en-US"> Like-kind exchange of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2260" xlink:to="label2260"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeOfRealEstate" xlink:label="element2261"/>
<label xlink:type="resource" xlink:label="label2261" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ExchangeOfRealEstate_en-US"> Like-kind exchange of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2261" xlink:to="label2261"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExchangeOfRealEstate" xlink:label="element2262"/>
<label xlink:type="resource" xlink:label="label2262" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ExchangeOfRealEstate_en-US"> This element represents the non-cash increase (decrease) in real estate, net due to like-kind exchange </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2262" xlink:to="label2262"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NonCashInvestmentsInEquitySecurities" xlink:label="element2263"/>
<label xlink:type="resource" xlink:label="label2263" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NonCashInvestmentsInEquitySecurities_en-US"> Non Cash Investments In Equity Securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2263" xlink:to="label2263"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NonCashInvestmentsInEquitySecurities" xlink:label="element2264"/>
<label xlink:type="resource" xlink:label="label2264" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NonCashInvestmentsInEquitySecurities_en-US"> Investment in J.C. Penney, Inc. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2264" xlink:to="label2264"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NonCashInvestmentsInEquitySecurities" xlink:label="element2265"/>
<label xlink:type="resource" xlink:label="label2265" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NonCashInvestmentsInEquitySecurities_en-US"> This element represents the total non cash investing activity related to the increase in marketable equity securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2265" xlink:to="label2265"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NoncashDecreaseInAssetsRelatedToDisposalGroup" xlink:label="element2266"/>
<label xlink:type="resource" xlink:label="label2266" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NoncashDecreaseInAssetsRelatedToDisposalGroup_en-US"> Noncash Decrease In Assets Related To Disposal Group </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2266" xlink:to="label2266"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NoncashDecreaseInAssetsRelatedToDisposalGroup" xlink:label="element2267"/>
<label xlink:type="resource" xlink:label="label2267" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_NoncashDecreaseInAssetsRelatedToDisposalGroup_en-US"> Assets related to discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2267" xlink:to="label2267"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NoncashDecreaseInAssetsRelatedToDisposalGroup" xlink:label="element2268"/>
<label xlink:type="resource" xlink:label="label2268" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NoncashDecreaseInAssetsRelatedToDisposalGroup_en-US"> The non-cash decrease in total assets related to discontinued operations and disposals </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2268" xlink:to="label2268"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NoncashDecreaseInTotalLiabilitiesRelatedToDisposalGroup" xlink:label="element2269"/>
<label xlink:type="resource" xlink:label="label2269" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NoncashDecreaseInTotalLiabilitiesRelatedToDisposalGroup_en-US"> Noncash Decrease In Total Liabilities Related To Disposal Group </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2269" xlink:to="label2269"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NoncashDecreaseInTotalLiabilitiesRelatedToDisposalGroup" xlink:label="element2270"/>
<label xlink:type="resource" xlink:label="label2270" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NoncashDecreaseInTotalLiabilitiesRelatedToDisposalGroup_en-US"> The total noncash decrease in total liabilities related to discontinued operations or disposals group </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2270" xlink:to="label2270"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NoncashDecreaseInTotalLiabilitiesRelatedToDisposalGroup" xlink:label="element2271"/>
<label xlink:type="resource" xlink:label="label2271" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_NoncashDecreaseInTotalLiabilitiesRelatedToDisposalGroup_en-US"> Liabilities related to discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2271" xlink:to="label2271"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndLoansPayableRefinancedAmount" xlink:label="element2272"/>
<label xlink:type="resource" xlink:label="label2272" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NotesAndLoansPayableRefinancedAmount_en-US"> Notes And Loans Payable Refinanced Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2272" xlink:to="label2272"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndLoansPayableRefinancedAmount" xlink:label="element2273"/>
<label xlink:type="resource" xlink:label="label2273" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NotesAndLoansPayableRefinancedAmount_en-US"> Amount of debt refinanced </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2273" xlink:to="label2273"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndLoansPayableRefinancedAmount" xlink:label="element2274"/>
<label xlink:type="resource" xlink:label="label2274" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NotesAndLoansPayableRefinancedAmount_en-US"> Notes And Loans Payable Refinanced Amount (in US Dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2274" xlink:to="label2274"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WestMartCenter350Member" xlink:label="element2275"/>
<label xlink:type="resource" xlink:label="label2275" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WestMartCenter350Member_en-US"> West Mart Center 350 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2275" xlink:to="label2275"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WestMartCenter350Member" xlink:label="element2276"/>
<label xlink:type="resource" xlink:label="label2276" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WestMartCenter350Member_en-US"> This member relates to 350 West Mart Center. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2276" xlink:to="label2276"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WestMartCenter350Member" xlink:label="element2277"/>
<label xlink:type="resource" xlink:label="label2277" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WestMartCenter350Member_en-US"> 350 West Mart Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2277" xlink:to="label2277"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PreferredStockAdditionalDisclosureAbstract" xlink:label="element2278"/>
<label xlink:type="resource" xlink:label="label2278" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PreferredStockAdditionalDisclosureAbstract_en-US"> Preferred Stock, Additional Disclosure [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2278" xlink:to="label2278"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesJPreferredStockMember" xlink:label="element2279"/>
<label xlink:type="resource" xlink:label="label2279" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesJPreferredStockMember_en-US"> Series J Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2279" xlink:to="label2279"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TypesOfStockIssuancesAxis" xlink:label="element2280"/>
<label xlink:type="resource" xlink:label="label2280" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TypesOfStockIssuancesAxis_en-US"> Types Of Stock Issuances [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2280" xlink:to="label2280"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TypesOfStockIssuancesDomain" xlink:label="element2281"/>
<label xlink:type="resource" xlink:label="label2281" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TypesOfStockIssuancesDomain_en-US"> Types Of Stock Issuances [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2281" xlink:to="label2281"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PublicOfferingMember" xlink:label="element2282"/>
<label xlink:type="resource" xlink:label="label2282" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PublicOfferingMember_en-US"> Public Offering [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2282" xlink:to="label2282"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OverAllotmentMember" xlink:label="element2283"/>
<label xlink:type="resource" xlink:label="label2283" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OverAllotmentMember_en-US"> Over Allotment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2283" xlink:to="label2283"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConversionFeatureAxis" xlink:label="element2284"/>
<label xlink:type="resource" xlink:label="label2284" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ConversionFeatureAxis_en-US"> Conversion Feature [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2284" xlink:to="label2284"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConversionFeatureDomain" xlink:label="element2285"/>
<label xlink:type="resource" xlink:label="label2285" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ConversionFeatureDomain_en-US"> Conversion Feature [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2285" xlink:to="label2285"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxesAbstract" xlink:label="element2286"/>
<label xlink:type="resource" xlink:label="label2286" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxesAbstract_en-US"> Income Taxes [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2286" xlink:to="label2286"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TaxTreatmentOfDividendAbstract" xlink:label="element2287"/>
<label xlink:type="resource" xlink:label="label2287" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TaxTreatmentOfDividendAbstract_en-US"> Tax Treatment of Dividend [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2287" xlink:to="label2287"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TaxTreatmentOfDividendLineItems" xlink:label="element2288"/>
<label xlink:type="resource" xlink:label="label2288" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TaxTreatmentOfDividendLineItems_en-US"> Tax Treatment Of Dividend [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2288" xlink:to="label2288"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TaxTreatmentOfDividendTable" xlink:label="element2289"/>
<label xlink:type="resource" xlink:label="label2289" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TaxTreatmentOfDividendTable_en-US"> Tax Treatment Of Dividend [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2289" xlink:to="label2289"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TaxTreatmentOfDividendAxis" xlink:label="element2290"/>
<label xlink:type="resource" xlink:label="label2290" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TaxTreatmentOfDividendAxis_en-US"> Tax Treatment of Dividend [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2290" xlink:to="label2290"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TaxTreatmentOfDividendDomain" xlink:label="element2291"/>
<label xlink:type="resource" xlink:label="label2291" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TaxTreatmentOfDividendDomain_en-US"> Tax Treatment Of Dividend [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2291" xlink:to="label2291"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OrdinaryIncomeMember" xlink:label="element2292"/>
<label xlink:type="resource" xlink:label="label2292" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OrdinaryIncomeMember_en-US"> Ordinary Income [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2292" xlink:to="label2292"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LongTermCapitalGainMember" xlink:label="element2293"/>
<label xlink:type="resource" xlink:label="label2293" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LongTermCapitalGainMember_en-US"> Long Term Capital Gain [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2293" xlink:to="label2293"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReturnOfCapitalMember" xlink:label="element2294"/>
<label xlink:type="resource" xlink:label="label2294" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ReturnOfCapitalMember_en-US"> Return Of Capital [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2294" xlink:to="label2294"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationIncomeFromMezzanineLoans" xlink:label="element2295"/>
<label xlink:type="resource" xlink:label="label2295" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxReconciliationIncomeFromMezzanineLoans_en-US"> Income Tax Reconciliation Income From Mezzanine Loans </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2295" xlink:to="label2295"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationIncomeFromMezzanineLoans" xlink:label="element2296"/>
<label xlink:type="resource" xlink:label="label2296" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IncomeTaxReconciliationIncomeFromMezzanineLoans_en-US"> Mortgage and mezzanine loans receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2296" xlink:to="label2296"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationStraightLineRentAdjustment" xlink:label="element2297"/>
<label xlink:type="resource" xlink:label="label2297" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxReconciliationStraightLineRentAdjustment_en-US"> Income Tax Reconciliation Straight Line Rent Adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2297" xlink:to="label2297"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationStraightLineRentAdjustment" xlink:label="element2298"/>
<label xlink:type="resource" xlink:label="label2298" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IncomeTaxReconciliationStraightLineRentAdjustment_en-US"> Straight-line rent adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2298" xlink:to="label2298"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationStraightLineRentAdjustment" xlink:label="element2299"/>
<label xlink:type="resource" xlink:label="label2299" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_IncomeTaxReconciliationStraightLineRentAdjustment_en-US"> Straight-line Rent Adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2299" xlink:to="label2299"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationStraightLineRentAdjustment" xlink:label="element2300"/>
<label xlink:type="resource" xlink:label="label2300" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IncomeTaxReconciliationStraightLineRentAdjustment_en-US"> Income Tax Reconciliation Straight Line Rent Adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2300" xlink:to="label2300"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationSaleOfRealEstate" xlink:label="element2301"/>
<label xlink:type="resource" xlink:label="label2301" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxReconciliationSaleOfRealEstate_en-US"> Income Tax Reconciliation Sale Of Real Estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2301" xlink:to="label2301"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationSaleOfRealEstate" xlink:label="element2302"/>
<label xlink:type="resource" xlink:label="label2302" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IncomeTaxReconciliationSaleOfRealEstate_en-US"> Sale of Real Estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2302" xlink:to="label2302"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationSaleOfRealEstate" xlink:label="element2303"/>
<label xlink:type="resource" xlink:label="label2303" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_IncomeTaxReconciliationSaleOfRealEstate_en-US"> Sale of Real Estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2303" xlink:to="label2303"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationDerivativeGain" xlink:label="element2304"/>
<label xlink:type="resource" xlink:label="label2304" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxReconciliationDerivativeGain_en-US"> Income Tax Reconciliation Derivative Gain </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2304" xlink:to="label2304"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationDerivativeGain" xlink:label="element2305"/>
<label xlink:type="resource" xlink:label="label2305" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IncomeTaxReconciliationDerivativeGain_en-US"> Derivatives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2305" xlink:to="label2305"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationDerivativeGain" xlink:label="element2306"/>
<label xlink:type="resource" xlink:label="label2306" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_IncomeTaxReconciliationDerivativeGain_en-US"> Derivatives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2306" xlink:to="label2306"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxReconciliationDerivativeGain" xlink:label="element2307"/>
<label xlink:type="resource" xlink:label="label2307" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IncomeTaxReconciliationDerivativeGain_en-US"> Income Tax Reconciliation Derivative Gain </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2307" xlink:to="label2307"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetBasisDifferenceOfAssetsAndLiabilitiesBetweenTaxBasisAndGaapBasis" xlink:label="element2308"/>
<label xlink:type="resource" xlink:label="label2308" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetBasisDifferenceOfAssetsAndLiabilitiesBetweenTaxBasisAndGaapBasis_en-US"> Net Basis Difference Of Assets And Liabilities Between Tax Basis And GAAP Basis </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2308" xlink:to="label2308"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetBasisDifferenceOfAssetsAndLiabilitiesBetweenTaxBasisAndGaapBasis" xlink:label="element2309"/>
<label xlink:type="resource" xlink:label="label2309" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NetBasisDifferenceOfAssetsAndLiabilitiesBetweenTaxBasisAndGaapBasis_en-US"> Net Basis Difference Of Assets And Liabilities Between Tax Basis And GAAP Basis </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2309" xlink:to="label2309"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MinimumPercentageOfTaxableIncomeDistributedAsDividends" xlink:label="element2310"/>
<label xlink:type="resource" xlink:label="label2310" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MinimumPercentageOfTaxableIncomeDistributedAsDividends_en-US"> Minimum Percentage of Taxable Income Distributed As Dividends </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2310" xlink:to="label2310"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MinimumPercentageOfTaxableIncomeDistributedAsDividends" xlink:label="element2311"/>
<label xlink:type="resource" xlink:label="label2311" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MinimumPercentageOfTaxableIncomeDistributedAsDividends_en-US"> Minimum percentage of taxable income required to be distributed to qualify as REIT. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2311" xlink:to="label2311"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RelatedPartyTransactionMaximumBorrowingCapacity" xlink:label="element2312"/>
<label xlink:type="resource" xlink:label="label2312" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RelatedPartyTransactionMaximumBorrowingCapacity_en-US"> Related Party Transaction Maximum Borrowing Capacity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2312" xlink:to="label2312"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RelatedPartyTransactionMaximumBorrowingCapacity" xlink:label="element2313"/>
<label xlink:type="resource" xlink:label="label2313" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RelatedPartyTransactionMaximumBorrowingCapacity_en-US"> Related Party Transaction Maximum Borrowing Capacity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2313" xlink:to="label2313"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AffiliatedEntityAbstract" xlink:label="element2314"/>
<label xlink:type="resource" xlink:label="label2314" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AffiliatedEntityAbstract_en-US"> Affiliated Entity [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2314" xlink:to="label2314"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfAffiliatedEntityOwnedByRelatedParties" xlink:label="element2315"/>
<label xlink:type="resource" xlink:label="label2315" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PercentageOfAffiliatedEntityOwnedByRelatedParties_en-US"> Percentage Of Affiliated Entity Owned By Related Parties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2315" xlink:to="label2315"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfAffiliatedEntityOwnedByRelatedParties" xlink:label="element2316"/>
<label xlink:type="resource" xlink:label="label2316" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PercentageOfAffiliatedEntityOwnedByRelatedParties_en-US"> Percentage Of Affiliated Entity Owned By Related Parties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2316" xlink:to="label2316"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeExecutiveTowerMember" xlink:label="element2317"/>
<label xlink:type="resource" xlink:label="label2317" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeExecutiveTowerMember_en-US"> Washington DC Office Executive Tower [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2317" xlink:to="label2317"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeExecutiveTowerMember" xlink:label="element2318"/>
<label xlink:type="resource" xlink:label="label2318" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeExecutiveTowerMember_en-US"> Washington DC Office Executive Tower [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2318" xlink:to="label2318"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeExecutiveTowerMember" xlink:label="element2319"/>
<label xlink:type="resource" xlink:label="label2319" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonDcOfficeExecutiveTowerMember_en-US"> Executive Tower [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2319" xlink:to="label2319"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlanAbstract" xlink:label="element2320"/>
<label xlink:type="resource" xlink:label="label2320" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlanAbstract_en-US"> Out Performance Plan [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2320" xlink:to="label2320"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DetailsOfRealEstateFundEbitdaAxis" xlink:label="element2321"/>
<label xlink:type="resource" xlink:label="label2321" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DetailsOfRealEstateFundEbitdaAxis_en-US"> Details Of Real Estate Fund Ebitda [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2321" xlink:to="label2321"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DetailsOfRealEstateFundEbitdaDomain" xlink:label="element2322"/>
<label xlink:type="resource" xlink:label="label2322" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DetailsOfRealEstateFundEbitdaDomain_en-US"> Details Of Real Estate Fund Ebitda [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2322" xlink:to="label2322"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CarriedInterestMember" xlink:label="element2323"/>
<label xlink:type="resource" xlink:label="label2323" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CarriedInterestMember_en-US"> Carried Interest [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2323" xlink:to="label2323"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CarriedInterestMember" xlink:label="element2324"/>
<label xlink:type="resource" xlink:label="label2324" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CarriedInterestMember_en-US"> Carried Interest [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2324" xlink:to="label2324"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnrealizedGainFromMarkToMarketMember" xlink:label="element2325"/>
<label xlink:type="resource" xlink:label="label2325" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnrealizedGainFromMarkToMarketMember_en-US"> Unrealized Gain From Mark To Market [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2325" xlink:to="label2325"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnrealizedGainFromMarkToMarketMember" xlink:label="element2326"/>
<label xlink:type="resource" xlink:label="label2326" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnrealizedGainFromMarkToMarketMember_en-US"> Unrealized Gain From Mark To Market [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2326" xlink:to="label2326"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnrealizedGainFromMarkToMarketMember" xlink:label="element2327"/>
<label xlink:type="resource" xlink:label="label2327" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_UnrealizedGainFromMarkToMarketMember_en-US"> Net realized/unrealized gains on investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2327" xlink:to="label2327"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RestrictedOperatingPartnershipAnd2006OutPerformancePlanCombinedMember" xlink:label="element2328"/>
<label xlink:type="resource" xlink:label="label2328" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RestrictedOperatingPartnershipAnd2006OutPerformancePlanCombinedMember_en-US"> Restricted Operating Partnership And 2006 Out Performance Plan Combined [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2328" xlink:to="label2328"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StockOptionsAnd2008OutPerformancePlanCombinedMember" xlink:label="element2329"/>
<label xlink:type="resource" xlink:label="label2329" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_StockOptionsAnd2008OutPerformancePlanCombinedMember_en-US"> Stock Options And 2008 Out Performance Plan Combined [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2329" xlink:to="label2329"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DetailsOfOtherEbitdaAxis" xlink:label="element2330"/>
<label xlink:type="resource" xlink:label="label2330" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DetailsOfOtherEbitdaAxis_en-US"> Details Of Other Ebitda [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2330" xlink:to="label2330"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DetailsOfOtherEbitdaDomain" xlink:label="element2331"/>
<label xlink:type="resource" xlink:label="label2331" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DetailsOfOtherEbitdaDomain_en-US"> Details Of Other Ebitda [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2331" xlink:to="label2331"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainsFromStockIssuancesMember" xlink:label="element2332"/>
<label xlink:type="resource" xlink:label="label2332" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetGainsFromStockIssuancesMember_en-US"> Net Gains From Stock Issuances [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2332" xlink:to="label2332"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoRealtyTrustExcludingRealEstateFundMember" xlink:label="element2333"/>
<label xlink:type="resource" xlink:label="label2333" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VornadoRealtyTrustExcludingRealEstateFundMember_en-US"> Vornado Realty Trust Excluding Real Estate Fund [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2333" xlink:to="label2333"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundJointVentureMember" xlink:label="element2334"/>
<label xlink:type="resource" xlink:label="label2334" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateFundJointVentureMember_en-US"> Real Estate Fund Joint Venture [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2334" xlink:to="label2334"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JointVentureExcludingRealEstateFundMember" xlink:label="element2335"/>
<label xlink:type="resource" xlink:label="label2335" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_JointVentureExcludingRealEstateFundMember_en-US"> Joint Venture Excluding Real Estate Fund [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2335" xlink:to="label2335"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeFromRealEstateFundAttributableToParentCompany" xlink:label="element2336"/>
<label xlink:type="resource" xlink:label="label2336" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeFromRealEstateFundAttributableToParentCompany_en-US"> Income From Real Estate Fund Attributable To Parent Company </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2336" xlink:to="label2336"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeFromRealEstateFundAttributableToParentCompany" xlink:label="element2337"/>
<label xlink:type="resource" xlink:label="label2337" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IncomeFromRealEstateFundAttributableToParentCompany_en-US"> This element represents income from the real estate fund net of amounts attributable to noncontrolling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2337" xlink:to="label2337"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeFromRealEstateFundAttributableToParentCompany" xlink:label="element2338"/>
<label xlink:type="resource" xlink:label="label2338" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IncomeFromRealEstateFundAttributableToParentCompany_en-US"> Income From Real Estate Fund Attributable To Vornado </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2338" xlink:to="label2338"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OperatingIncomeMember" xlink:label="element2339"/>
<label xlink:type="resource" xlink:label="label2339" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OperatingIncomeMember_en-US"> Operating Income [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2339" xlink:to="label2339"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OperatingIncomeMember" xlink:label="element2340"/>
<label xlink:type="resource" xlink:label="label2340" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OperatingIncomeMember_en-US"> Operating Income [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2340" xlink:to="label2340"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OperatingIncomeMember" xlink:label="element2341"/>
<label xlink:type="resource" xlink:label="label2341" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_OperatingIncomeMember_en-US"> Net investment income [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2341" xlink:to="label2341"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnfundedCommitmentsOfFund" xlink:label="element2342"/>
<label xlink:type="resource" xlink:label="label2342" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnfundedCommitmentsOfFund_en-US"> Unfunded Commitments Of Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2342" xlink:to="label2342"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnfundedCommitmentsOfFund" xlink:label="element2343"/>
<label xlink:type="resource" xlink:label="label2343" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnfundedCommitmentsOfFund_en-US"> Unfunded Commitments Of the Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2343" xlink:to="label2343"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ClevelandMedicalMartDevelopmentProjectAbstract" xlink:label="element2344"/>
<label xlink:type="resource" xlink:label="label2344" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ClevelandMedicalMartDevelopmentProjectAbstract_en-US"> Cleveland Medical Mart Development Project [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2344" xlink:to="label2344"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentAndOperatingProjectsAxis" xlink:label="element2345"/>
<label xlink:type="resource" xlink:label="label2345" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DevelopmentAndOperatingProjectsAxis_en-US"> Development And Operating Projects [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2345" xlink:to="label2345"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DevelopmentAndOperatingProjectNameDomain" xlink:label="element2346"/>
<label xlink:type="resource" xlink:label="label2346" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DevelopmentAndOperatingProjectNameDomain_en-US"> Development And Operating Project Name [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2346" xlink:to="label2346"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PerformanceNotAchievedTerminationPeriod" xlink:label="element2347"/>
<label xlink:type="resource" xlink:label="label2347" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PerformanceNotAchievedTerminationPeriod_en-US"> Performance Not Achieved Termination Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2347" xlink:to="label2347"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PerformanceNotAchievedTerminationPeriod" xlink:label="element2348"/>
<label xlink:type="resource" xlink:label="label2348" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PerformanceNotAchievedTerminationPeriod_en-US"> Termination period of the operating agreement from the completion of development, if certain performance thresholds are not met </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2348" xlink:to="label2348"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfIncomeAndLossFromFundTableTextBlock" xlink:label="element2349"/>
<label xlink:type="resource" xlink:label="label2349" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ScheduleOfIncomeAndLossFromFundTableTextBlock_en-US"> Schedule Of Income And Loss From The Fund [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2349" xlink:to="label2349"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfIncomeAndLossFromFundTableTextBlock" xlink:label="element2350"/>
<label xlink:type="resource" xlink:label="label2350" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ScheduleOfIncomeAndLossFromFundTableTextBlock_en-US"> The schedule that provides the details of Income and Loss from the Real Estate Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2350" xlink:to="label2350"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesDue2022Member" xlink:label="element2351"/>
<label xlink:type="resource" xlink:label="label2351" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorUnsecuredNotesDue2022Member_en-US"> Senior Unsecured Notes Due 2022 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2351" xlink:to="label2351"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesDue2022Member" xlink:label="element2352"/>
<label xlink:type="resource" xlink:label="label2352" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorUnsecuredNotesDue2022Member_en-US"> SeniorUnsecuredNotesDue2022[Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2352" xlink:to="label2352"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PartiallyOwnedOfficeBuildingsAxis" xlink:label="element2353"/>
<label xlink:type="resource" xlink:label="label2353" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PartiallyOwnedOfficeBuildingsAxis_en-US"> Partially owned office buildings [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2353" xlink:to="label2353"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PartiallyOwnedOfficeBuildingsDomain" xlink:label="element2354"/>
<label xlink:type="resource" xlink:label="label2354" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PartiallyOwnedOfficeBuildingsDomain_en-US"> Partially owned office buildings [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2354" xlink:to="label2354"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPartiallyOwnedEntitiesAxis" xlink:label="element2355"/>
<label xlink:type="resource" xlink:label="label2355" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherPartiallyOwnedEntitiesAxis_en-US"> Other partially owned entities [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2355" xlink:to="label2355"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPartiallyOwnedEntitiesDomain" xlink:label="element2356"/>
<label xlink:type="resource" xlink:label="label2356" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherPartiallyOwnedEntitiesDomain_en-US"> Other partially owned entities [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2356" xlink:to="label2356"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IndiaRealEstateVenturesAxis" xlink:label="element2357"/>
<label xlink:type="resource" xlink:label="label2357" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IndiaRealEstateVenturesAxis_en-US"> India Real Estate Ventures [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2357" xlink:to="label2357"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IndiaRealEstateVenturesDomain" xlink:label="element2358"/>
<label xlink:type="resource" xlink:label="label2358" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IndiaRealEstateVenturesDomain_en-US"> India Real Estate Ventures [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2358" xlink:to="label2358"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_KushnerCompaniesMember" xlink:label="element2359"/>
<label xlink:type="resource" xlink:label="label2359" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_KushnerCompaniesMember_en-US"> Kushner Companies [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2359" xlink:to="label2359"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoRealtyTrustAndKushnerCompaniesMember" xlink:label="element2360"/>
<label xlink:type="resource" xlink:label="label2360" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VornadoRealtyTrustAndKushnerCompaniesMember_en-US"> Vornado Realty Trust and Kushner Companies [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2360" xlink:to="label2360"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RemainingEquityInterestPercentageAcquired" xlink:label="element2361"/>
<label xlink:type="resource" xlink:label="label2361" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RemainingEquityInterestPercentageAcquired_en-US"> Remaining equity interest percentage acquired </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2361" xlink:to="label2361"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RemainingEquityInterestPercentageAcquired" xlink:label="element2362"/>
<label xlink:type="resource" xlink:label="label2362" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RemainingEquityInterestPercentageAcquired_en-US"> This element represents the remaining equity interest acquired, making the partially owned entity a consolidated entity. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2362" xlink:to="label2362"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StraightLineRentReservesAndWriteOffOfTenantImprovements" xlink:label="element2363"/>
<label xlink:type="resource" xlink:label="label2363" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_StraightLineRentReservesAndWriteOffOfTenantImprovements_en-US"> Straight line rent reserves and write off of tenant improvements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2363" xlink:to="label2363"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StraightLineRentReservesAndWriteOffOfTenantImprovements" xlink:label="element2364"/>
<label xlink:type="resource" xlink:label="label2364" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_StraightLineRentReservesAndWriteOffOfTenantImprovements_en-US"> This element relates to straight line rent reserves and write off of tenant improvements. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2364" xlink:to="label2364"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainsFromAssetSales" xlink:label="element2365"/>
<label xlink:type="resource" xlink:label="label2365" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetGainsFromAssetSales_en-US"> Net gains from asset sales </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2365" xlink:to="label2365"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainsFromAssetSales" xlink:label="element2366"/>
<label xlink:type="resource" xlink:label="label2366" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NetGainsFromAssetSales_en-US"> This element represents net gains from the sale of assets. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2366" xlink:to="label2366"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPartiallyOwnedOfficeBuildingsMember" xlink:label="element2367"/>
<label xlink:type="resource" xlink:label="label2367" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherPartiallyOwnedOfficeBuildingsMember_en-US"> Other partially owned office buildings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2367" xlink:to="label2367"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DowntownCrossingBostonMember" xlink:label="element2368"/>
<label xlink:type="resource" xlink:label="label2368" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DowntownCrossingBostonMember_en-US"> Downtown Crossing Boston [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2368" xlink:to="label2368"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherEquityInvestmentsMember" xlink:label="element2369"/>
<label xlink:type="resource" xlink:label="label2369" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherEquityInvestmentsMember_en-US"> Other equity investments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2369" xlink:to="label2369"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherMortgageNotesPayableCollateralizedByRealEstateMember" xlink:label="element2370"/>
<label xlink:type="resource" xlink:label="label2370" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherMortgageNotesPayableCollateralizedByRealEstateMember_en-US"> Other Mortgage Notes Payable Collateralized By Real Estate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2370" xlink:to="label2370"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ToysRUsDebtAxis" xlink:label="element2371"/>
<label xlink:type="resource" xlink:label="label2371" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ToysRUsDebtAxis_en-US"> Toys R Us Debt [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2371" xlink:to="label2371"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ToysRUsDebtDomain" xlink:label="element2372"/>
<label xlink:type="resource" xlink:label="label2372" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ToysRUsDebtDomain_en-US"> Toys R Us Debt [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2372" xlink:to="label2372"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherToysRUsDebtMember" xlink:label="element2373"/>
<label xlink:type="resource" xlink:label="label2373" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherToysRUsDebtMember_en-US"> Other Toys R Us debt [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2373" xlink:to="label2373"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonDebtAxis" xlink:label="element2374"/>
<label xlink:type="resource" xlink:label="label2374" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LexingtonDebtAxis_en-US"> Lexington Debt [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2374" xlink:to="label2374"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonDebtDomain" xlink:label="element2375"/>
<label xlink:type="resource" xlink:label="label2375" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LexingtonDebtDomain_en-US"> Lexington Debt [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2375" xlink:to="label2375"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LnrDebtAxis" xlink:label="element2376"/>
<label xlink:type="resource" xlink:label="label2376" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LnrDebtAxis_en-US"> LNR Debt [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2376" xlink:to="label2376"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LnrDebtDomain" xlink:label="element2377"/>
<label xlink:type="resource" xlink:label="label2377" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LnrDebtDomain_en-US"> LNR Debt [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2377" xlink:to="label2377"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MultiemployerPlansDisclosureTextblock" xlink:label="element2378"/>
<label xlink:type="resource" xlink:label="label2378" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MultiemployerPlansDisclosureTextblock_en-US"> Multiemployer Plans Disclosure [TextBlock] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2378" xlink:to="label2378"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MultiemployerPlansDisclosureTextblock" xlink:label="element2379"/>
<label xlink:type="resource" xlink:label="label2379" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MultiemployerPlansDisclosureTextblock_en-US"> Disclosure of the quantitative and qualitative information related to multiemployer plans in which the employer participates. A multiemployer plan is a pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2379" xlink:to="label2379"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MultiemployerPlansDisclosureTextblock" xlink:label="element2380"/>
<label xlink:type="resource" xlink:label="label2380" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MultiemployerPlansDisclosureTextblock_en-US"> Multiemployer Benefit Plans </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2380" xlink:to="label2380"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MultiemployerPlansHealthcareBenefitMember" xlink:label="element2381"/>
<label xlink:type="resource" xlink:label="label2381" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MultiemployerPlansHealthcareBenefitMember_en-US"> Multiemployer Plans, Healthcare Benefit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2381" xlink:to="label2381"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncreaseDecreaseAllowanceRelatingToLitigation" xlink:label="element2382"/>
<label xlink:type="resource" xlink:label="label2382" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncreaseDecreaseAllowanceRelatingToLitigation_en-US"> Increase Decrease Allowance Relating To Litigation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2382" xlink:to="label2382"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncreaseDecreaseAllowanceRelatingToLitigation" xlink:label="element2383"/>
<label xlink:type="resource" xlink:label="label2383" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_IncreaseDecreaseAllowanceRelatingToLitigation_en-US"> Recognition of disputed account receivable from Stop & Shop </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2383" xlink:to="label2383"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncreaseDecreaseAllowanceRelatingToLitigation" xlink:label="element2384"/>
<label xlink:type="resource" xlink:label="label2384" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IncreaseDecreaseAllowanceRelatingToLitigation_en-US"> Increase Decrease Allowance Relating To Litigation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2384" xlink:to="label2384"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncreaseDecreaseAllowanceRelatingToLitigation" xlink:label="element2385"/>
<label xlink:type="resource" xlink:label="label2385" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IncreaseDecreaseAllowanceRelatingToLitigation_en-US"> This element represents the noncash increase (decrease) in the accounts receivable allowance which is subject to litigation. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2385" xlink:to="label2385"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPartnersMember" xlink:label="element2386"/>
<label xlink:type="resource" xlink:label="label2386" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherPartnersMember_en-US"> Other Partners [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2386" xlink:to="label2386"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainOnSaleOfPartialInterest" xlink:label="element2387"/>
<label xlink:type="resource" xlink:label="label2387" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_GainOnSaleOfPartialInterest_en-US"> Gain on sale of partial interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2387" xlink:to="label2387"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainOnSaleOfPartialInterest" xlink:label="element2388"/>
<label xlink:type="resource" xlink:label="label2388" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_GainOnSaleOfPartialInterest_en-US"> This element represents the gain on sale of a partial interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2388" xlink:to="label2388"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoRealtyTrustRealEstateFundRealEstateFundJointVentureMember" xlink:label="element2389"/>
<label xlink:type="resource" xlink:label="label2389" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VornadoRealtyTrustRealEstateFundRealEstateFundJointVentureMember_en-US"> Vornado Realty Trust Real Estate Fund Real Estate Fund Joint Venture [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2389" xlink:to="label2389"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoRealtyTrustRealEstateFundRealEstateFundJointVentureMember" xlink:label="element2390"/>
<label xlink:type="resource" xlink:label="label2390" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_VornadoRealtyTrustRealEstateFundRealEstateFundJointVentureMember_en-US"> Vornado Realty Trust Real Estate Fund Real Estate Fund Joint Venture </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2390" xlink:to="label2390"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IndependancePlazaMember" xlink:label="element2391"/>
<label xlink:type="resource" xlink:label="label2391" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IndependancePlazaMember_en-US"> Independance Plaza [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2391" xlink:to="label2391"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IndependancePlazaMember" xlink:label="element2392"/>
<label xlink:type="resource" xlink:label="label2392" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IndependancePlazaMember_en-US"> Independance Plaza </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2392" xlink:to="label2392"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndDebtExpenseTextBlock" xlink:label="element2393"/>
<label xlink:type="resource" xlink:label="label2393" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InterestAndDebtExpenseTextBlock_en-US"> Interest And Debt Expense [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2393" xlink:to="label2393"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndDebtExpenseTextBlock" xlink:label="element2394"/>
<label xlink:type="resource" xlink:label="label2394" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InterestAndDebtExpenseTextBlock_en-US"> This disclosure relates to the details of interest and debt expense of the company. The interest expense relates to secured and unsecured debt of the company </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2394" xlink:to="label2394"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndDebtExpenseTableTextBlock" xlink:label="element2395"/>
<label xlink:type="resource" xlink:label="label2395" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InterestAndDebtExpenseTableTextBlock_en-US"> Interest And Debt Expense [Table Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2395" xlink:to="label2395"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndDebtExpenseTableTextBlock" xlink:label="element2396"/>
<label xlink:type="resource" xlink:label="label2396" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InterestAndDebtExpenseTableTextBlock_en-US"> The schedule of interest and debt expense on secured and unsecured debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2396" xlink:to="label2396"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesLPreferredStockMember" xlink:label="element2397"/>
<label xlink:type="resource" xlink:label="label2397" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesLPreferredStockMember_en-US"> Series L Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2397" xlink:to="label2397"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesLPreferredStockMember" xlink:label="element2398"/>
<label xlink:type="resource" xlink:label="label2398" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SeriesLPreferredStockMember_en-US"> 5.40% Series L Cumulative Redeemable Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2398" xlink:to="label2398"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesLPreferredStockMember" xlink:label="element2399"/>
<label xlink:type="resource" xlink:label="label2399" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeriesLPreferredStockMember_en-US"> 5.40% Series L Cumulative Redeemable Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2399" xlink:to="label2399"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommonSharesIssuedAbstract" xlink:label="element2400"/>
<label xlink:type="resource" xlink:label="label2400" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_CommonSharesIssuedAbstract_en-US"> Common shares issued: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2400" xlink:to="label2400"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommonSharesIssuedAbstract" xlink:label="element2401"/>
<label xlink:type="resource" xlink:label="label2401" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CommonSharesIssuedAbstract_en-US"> Common Shares Issued [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2401" xlink:to="label2401"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DistributionsAbstract" xlink:label="element2402"/>
<label xlink:type="resource" xlink:label="label2402" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DistributionsAbstract_en-US"> Distributions [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2402" xlink:to="label2402"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DistributionsAbstract" xlink:label="element2403"/>
<label xlink:type="resource" xlink:label="label2403" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DistributionsAbstract_en-US"> Distribution: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2403" xlink:to="label2403"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OurShareOfPartiallyOwnedEntitiesOciAdjustments" xlink:label="element2404"/>
<label xlink:type="resource" xlink:label="label2404" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OurShareOfPartiallyOwnedEntitiesOciAdjustments_en-US"> Our Share Of Partially Owned Entities Oci Adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2404" xlink:to="label2404"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OurShareOfPartiallyOwnedEntitiesOciAdjustments" xlink:label="element2405"/>
<label xlink:type="resource" xlink:label="label2405" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_OurShareOfPartiallyOwnedEntitiesOciAdjustments_en-US"> Pro rata share of other comprehensive income (loss) of nonconsolidated subsidiaries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2405" xlink:to="label2405"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OurShareOfPartiallyOwnedEntitiesOciAdjustments" xlink:label="element2406"/>
<label xlink:type="resource" xlink:label="label2406" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_OurShareOfPartiallyOwnedEntitiesOciAdjustments_en-US"> Pro rata share of other comprehensive loss of nonconsolidated subsidiaries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2406" xlink:to="label2406"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OurShareOfPartiallyOwnedEntitiesOciAdjustments" xlink:label="element2407"/>
<label xlink:type="resource" xlink:label="label2407" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OurShareOfPartiallyOwnedEntitiesOciAdjustments_en-US"> This element represents the company's pro-rata share of other comprehensive income (loss) adjustments related to non-consolidated subsidiaries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2407" xlink:to="label2407"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DecreaseInAssetsAndLiabilitiesResultingFromDeconsolidationOfDiscontinuedOperationsAbstract" xlink:label="element2408"/>
<label xlink:type="resource" xlink:label="label2408" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DecreaseInAssetsAndLiabilitiesResultingFromDeconsolidationOfDiscontinuedOperationsAbstract_en-US"> Decrease in assets and liabilities resulting from deconsolidation of discontinued operations and /or investments that were previously consolidated: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2408" xlink:to="label2408"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DecreaseInAssetsAndLiabilitiesResultingFromDeconsolidationOfDiscontinuedOperationsAbstract" xlink:label="element2409"/>
<label xlink:type="resource" xlink:label="label2409" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DecreaseInAssetsAndLiabilitiesResultingFromDeconsolidationOfDiscontinuedOperationsAbstract_en-US"> Decrease In Assets And Liabilities Resulting From Deconsolidation Of Discontinued Operations [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2409" xlink:to="label2409"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnobservableQuantitativeInputAbstract" xlink:label="element2410"/>
<label xlink:type="resource" xlink:label="label2410" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnobservableQuantitativeInputAbstract_en-US"> Unobservable Quantitative Input [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2410" xlink:to="label2410"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ContributionDuringPeriodOfMezzanineLoansToJointVentures" xlink:label="element2411"/>
<label xlink:type="resource" xlink:label="label2411" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ContributionDuringPeriodOfMezzanineLoansToJointVentures_en-US"> Contribution During Period Of Mezzanine Loans To Joint Ventures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2411" xlink:to="label2411"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ContributionDuringPeriodOfMezzanineLoansToJointVentures" xlink:label="element2412"/>
<label xlink:type="resource" xlink:label="label2412" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ContributionDuringPeriodOfMezzanineLoansToJointVentures_en-US"> Contribution of mezzanine loan receivable to joint venture </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2412" xlink:to="label2412"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ContributionDuringPeriodOfMezzanineLoansToJointVentures" xlink:label="element2413"/>
<label xlink:type="resource" xlink:label="label2413" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ContributionDuringPeriodOfMezzanineLoansToJointVentures_en-US"> Contribution during the period of mezzanine loan receivable to a joint venture </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2413" xlink:to="label2413"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WriteOffOfFullyAmortizedAndDepreciatedAssets" xlink:label="element2414"/>
<label xlink:type="resource" xlink:label="label2414" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_WriteOffOfFullyAmortizedAndDepreciatedAssets_en-US"> Write-off of fully depreciated assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2414" xlink:to="label2414"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WriteOffOfFullyAmortizedAndDepreciatedAssets" xlink:label="element2415"/>
<label xlink:type="resource" xlink:label="label2415" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WriteOffOfFullyAmortizedAndDepreciatedAssets_en-US"> This element represents the decrease in assets due to the write off of fully depreciated assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2415" xlink:to="label2415"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WriteOffOfFullyAmortizedAndDepreciatedAssets" xlink:label="element2416"/>
<label xlink:type="resource" xlink:label="label2416" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WriteOffOfFullyAmortizedAndDepreciatedAssets_en-US"> Write Off Of Fully Amortized And Depreciated Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2416" xlink:to="label2416"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncreaseInAssetsAndLiabilitiesResultingFromConsolidationOfInvestmentPreviouslyAccountedForOnEquityMethodAbstract" xlink:label="element2417"/>
<label xlink:type="resource" xlink:label="label2417" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_IncreaseInAssetsAndLiabilitiesResultingFromConsolidationOfInvestmentPreviouslyAccountedForOnEquityMethodAbstract_en-US"> Increase In Assets And Liabilities Resulting From Consolidation [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2417" xlink:to="label2417"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncreaseInAssetsAndLiabilitiesResultingFromConsolidationOfInvestmentPreviouslyAccountedForOnEquityMethodAbstract" xlink:label="element2418"/>
<label xlink:type="resource" xlink:label="label2418" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IncreaseInAssetsAndLiabilitiesResultingFromConsolidationOfInvestmentPreviouslyAccountedForOnEquityMethodAbstract_en-US"> Increase in assets and liabilities resulting from the consolidation of partially owned entities: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2418" xlink:to="label2418"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncreaseInAssetsAndLiabilitiesResultingFromConsolidationOfInvestmentPreviouslyAccountedForOnEquityMethodAbstract" xlink:label="element2419"/>
<label xlink:type="resource" xlink:label="label2419" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncreaseInAssetsAndLiabilitiesResultingFromConsolidationOfInvestmentPreviouslyAccountedForOnEquityMethodAbstract_en-US"> Increase In Assets And Liabilities Resulting From Consolidation Of Investment Previously Accounted For On Equity Method [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2419" xlink:to="label2419"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReturnOfCapitalFromRealEstateFundInvestments" xlink:label="element2420"/>
<label xlink:type="resource" xlink:label="label2420" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ReturnOfCapitalFromRealEstateFundInvestments_en-US"> Return Of Capital From Real Estate Fund Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2420" xlink:to="label2420"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReturnOfCapitalFromRealEstateFundInvestments" xlink:label="element2421"/>
<label xlink:type="resource" xlink:label="label2421" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ReturnOfCapitalFromRealEstateFundInvestments_en-US"> This element represents the cash inflow from the return of capital from the real estate funds investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2421" xlink:to="label2421"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReturnOfCapitalFromRealEstateFundInvestments" xlink:label="element2422"/>
<label xlink:type="resource" xlink:label="label2422" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ReturnOfCapitalFromRealEstateFundInvestments_en-US"> Return of capital from Real Estate Fund investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2422" xlink:to="label2422"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SellerFinancingRelatedToPropertySales" xlink:label="element2423"/>
<label xlink:type="resource" xlink:label="label2423" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SellerFinancingRelatedToPropertySales_en-US"> Seller Financing Related To Property Sales </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2423" xlink:to="label2423"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SellerFinancingRelatedToPropertySales" xlink:label="element2424"/>
<label xlink:type="resource" xlink:label="label2424" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SellerFinancingRelatedToPropertySales_en-US"> Mortgage loan provided by the seller of the property to the buyer as seller financing </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2424" xlink:to="label2424"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SellerFinancingRelatedToPropertySales" xlink:label="element2425"/>
<label xlink:type="resource" xlink:label="label2425" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SellerFinancingRelatedToPropertySales_en-US"> L.A. Mart seller financing </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2425" xlink:to="label2425"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundAbstract" xlink:label="element2426"/>
<label xlink:type="resource" xlink:label="label2426" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateFundAbstract_en-US"> Real Estate Fund [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2426" xlink:to="label2426"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundTextblock" xlink:label="element2427"/>
<label xlink:type="resource" xlink:label="label2427" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RealEstateFundTextblock_en-US"> Vornado Capital Partners Real Estate Fund (the "Fund") </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2427" xlink:to="label2427"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundTextblock" xlink:label="element2428"/>
<label xlink:type="resource" xlink:label="label2428" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RealEstateFundTextblock_en-US"> Disclosure for Vornado Capital Partners LP and Vornado Capital Partners Parallel LP The Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2428" xlink:to="label2428"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateFundTextblock" xlink:label="element2429"/>
<label xlink:type="resource" xlink:label="label2429" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateFundTextblock_en-US"> Real Estate Fund [Text Block] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2429" xlink:to="label2429"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartSegmentMember" xlink:label="element2430"/>
<label xlink:type="resource" xlink:label="label2430" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MerchandiseMartSegmentMember_en-US"> Merchandise Mart [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2430" xlink:to="label2430"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartSegmentMember" xlink:label="element2431"/>
<label xlink:type="resource" xlink:label="label2431" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MerchandiseMartSegmentMember_en-US"> Merchandise Mart Segment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2431" xlink:to="label2431"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailPropertiesSegmentMember" xlink:label="element2432"/>
<label xlink:type="resource" xlink:label="label2432" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailPropertiesSegmentMember_en-US"> Domain member used to indicate facts reported for the Retail Segment. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2432" xlink:to="label2432"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailPropertiesSegmentMember" xlink:label="element2433"/>
<label xlink:type="resource" xlink:label="label2433" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailPropertiesSegmentMember_en-US"> Retail Properties Segment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2433" xlink:to="label2433"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcSegmentMember" xlink:label="element2434"/>
<label xlink:type="resource" xlink:label="label2434" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcSegmentMember_en-US"> Domain member used to indicate facts reported for the Washington, DC Office Segment. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2434" xlink:to="label2434"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcSegmentMember" xlink:label="element2435"/>
<label xlink:type="resource" xlink:label="label2435" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcSegmentMember_en-US"> Washington DC Segment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2435" xlink:to="label2435"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkSegmentMember" xlink:label="element2436"/>
<label xlink:type="resource" xlink:label="label2436" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkSegmentMember_en-US"> Domain member used to indicate facts reported for the New York Office Segment. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2436" xlink:to="label2436"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkSegmentMember" xlink:label="element2437"/>
<label xlink:type="resource" xlink:label="label2437" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkSegmentMember_en-US"> New York Segment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2437" xlink:to="label2437"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DetailsOfIncomeFromRealEstateFundsAbstract" xlink:label="element2438"/>
<label xlink:type="resource" xlink:label="label2438" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DetailsOfIncomeFromRealEstateFundsAbstract_en-US"> Details Of Income From Real Estate Funds [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2438" xlink:to="label2438"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncome" xlink:label="element2439"/>
<label xlink:type="resource" xlink:label="label2439" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FeeAndOtherIncome_en-US"> Revenue, comprised of base and incentive revenue derived from the management of joint ventures, managing third-party properties, or another entity's operations, and other real estate revenue not otherwise specified in the taxonomy. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2439" xlink:to="label2439"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncome" xlink:label="element2440"/>
<label xlink:type="resource" xlink:label="label2440" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FeeAndOtherIncome_en-US"> Fee And Other Income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2440" xlink:to="label2440"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncome" xlink:label="element2441"/>
<label xlink:type="resource" xlink:label="label2441" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FeeAndOtherIncome_en-US"> Fee and other income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2441" xlink:to="label2441"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncome" xlink:label="element2442"/>
<label xlink:type="resource" xlink:label="label2442" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_vno_FeeAndOtherIncome_en-US"> Fee and other income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2442" xlink:to="label2442"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncome" xlink:label="element2443"/>
<label xlink:type="resource" xlink:label="label2443" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_vno_FeeAndOtherIncome_en-US"> Total Fee and Other Income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2443" xlink:to="label2443"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoanReceivableWeightedAverageInterestRate" xlink:label="element2444"/>
<label xlink:type="resource" xlink:label="label2444" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MezzanineLoanReceivableWeightedAverageInterestRate_en-US"> Mezzanine Loan Receivable Interest Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2444" xlink:to="label2444"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoanReceivableWeightedAverageInterestRate" xlink:label="element2445"/>
<label xlink:type="resource" xlink:label="label2445" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MezzanineLoanReceivableWeightedAverageInterestRate_en-US"> Mezzanine Loan Receivable Weighted Average Interest Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2445" xlink:to="label2445"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MezzanineLoanReceivableWeightedAverageInterestRate" xlink:label="element2446"/>
<label xlink:type="resource" xlink:label="label2446" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MezzanineLoanReceivableWeightedAverageInterestRate_en-US"> Mezzanine Loan Receivable - Interest Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2446" xlink:to="label2446"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DiscontinuedOperationGainLossOnExtinguishmentOfDebt" xlink:label="element2447"/>
<label xlink:type="resource" xlink:label="label2447" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DiscontinuedOperationGainLossOnExtinguishmentOfDebt_en-US"> Discontinued Operation Gain Loss On Extinguishment Of Debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2447" xlink:to="label2447"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DiscontinuedOperationGainLossOnExtinguishmentOfDebt" xlink:label="element2448"/>
<label xlink:type="resource" xlink:label="label2448" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DiscontinuedOperationGainLossOnExtinguishmentOfDebt_en-US"> This element represents the difference between the fair value of the payments made and the carrying amount of the debt at the time of extinguishment for properties that were sold or for discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2448" xlink:to="label2448"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DiscontinuedOperationGainLossOnExtinguishmentOfDebt" xlink:label="element2449"/>
<label xlink:type="resource" xlink:label="label2449" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DiscontinuedOperationGainLossOnExtinguishmentOfDebt_en-US"> Net gain on extinguishment of debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2449" xlink:to="label2449"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice666FifthAvenueMember" xlink:label="element2450"/>
<label xlink:type="resource" xlink:label="label2450" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice666FifthAvenueMember_en-US"> New York Office 666 Fifth Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2450" xlink:to="label2450"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice100West33rdStreetMember" xlink:label="element2451"/>
<label xlink:type="resource" xlink:label="label2451" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice100West33rdStreetMember_en-US"> New York Office 100 West 33rd Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2451" xlink:to="label2451"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice100West33rdStreetMember" xlink:label="element2452"/>
<label xlink:type="resource" xlink:label="label2452" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice100West33rdStreetMember_en-US"> New York 100 West 33rd Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2452" xlink:to="label2452"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice1540BroadwayMember" xlink:label="element2453"/>
<label xlink:type="resource" xlink:label="label2453" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice1540BroadwayMember_en-US"> New York Office 1540 Broadway [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2453" xlink:to="label2453"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice1535BroadwayMarriottMarquisMember" xlink:label="element2454"/>
<label xlink:type="resource" xlink:label="label2454" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice1535BroadwayMarriottMarquisMember_en-US"> New York Office 1535 Broadway Marriott Marquis [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2454" xlink:to="label2454"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice828To850MadisonAvenueMember" xlink:label="element2455"/>
<label xlink:type="resource" xlink:label="label2455" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice828To850MadisonAvenueMember_en-US"> New York Office 828 To 850 Madison Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2455" xlink:to="label2455"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice828To850MadisonAvenueMember" xlink:label="element2456"/>
<label xlink:type="resource" xlink:label="label2456" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice828To850MadisonAvenueMember_en-US"> New York 828-850 Madison Avenue Condominium - Retail [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2456" xlink:to="label2456"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice4UnionSquareSouthMember" xlink:label="element2457"/>
<label xlink:type="resource" xlink:label="label2457" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice4UnionSquareSouthMember_en-US"> New York Office 4 Union Square South [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2457" xlink:to="label2457"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice4UnionSquareSouthMember" xlink:label="element2458"/>
<label xlink:type="resource" xlink:label="label2458" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice4UnionSquareSouthMember_en-US"> New York 4 Union Square South- Retails [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2458" xlink:to="label2458"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice5105thAvenueMember" xlink:label="element2459"/>
<label xlink:type="resource" xlink:label="label2459" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice5105thAvenueMember_en-US"> New York Office 510 5th Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2459" xlink:to="label2459"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice5105thAvenueMember" xlink:label="element2460"/>
<label xlink:type="resource" xlink:label="label2460" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice5105thAvenueMember_en-US"> New York 510 5th Avenue - Retail [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2460" xlink:to="label2460"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice478To482BroadwayMember" xlink:label="element2461"/>
<label xlink:type="resource" xlink:label="label2461" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice478To482BroadwayMember_en-US"> New York Office 478 To 482 Broadway [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2461" xlink:to="label2461"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice40East66thStreetMember" xlink:label="element2462"/>
<label xlink:type="resource" xlink:label="label2462" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice40East66thStreetMember_en-US"> New York Office 40 East 66th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2462" xlink:to="label2462"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice155SpringStreetMember" xlink:label="element2463"/>
<label xlink:type="resource" xlink:label="label2463" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice155SpringStreetMember_en-US"> New York Office 155 Spring Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2463" xlink:to="label2463"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice4357thAvenueMember" xlink:label="element2464"/>
<label xlink:type="resource" xlink:label="label2464" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice4357thAvenueMember_en-US"> New York Office 435 7th Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2464" xlink:to="label2464"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice4357thAvenueMember" xlink:label="element2465"/>
<label xlink:type="resource" xlink:label="label2465" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice4357thAvenueMember_en-US"> New York 435 Seventh Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2465" xlink:to="label2465"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice692BroadwayMember" xlink:label="element2466"/>
<label xlink:type="resource" xlink:label="label2466" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice692BroadwayMember_en-US"> New York Office 692 Broadway [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2466" xlink:to="label2466"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice677To679MadisonAvenueMember" xlink:label="element2467"/>
<label xlink:type="resource" xlink:label="label2467" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice677To679MadisonAvenueMember_en-US"> New York Office 677 To 679 Madison Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2467" xlink:to="label2467"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice484To486BroadwayMember" xlink:label="element2468"/>
<label xlink:type="resource" xlink:label="label2468" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice484To486BroadwayMember_en-US"> New York Office 484 To 486 Broadway [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2468" xlink:to="label2468"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice4317thAvenueMember" xlink:label="element2469"/>
<label xlink:type="resource" xlink:label="label2469" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice4317thAvenueMember_en-US"> New York Office 431 7th Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2469" xlink:to="label2469"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice1135ThirdAvenueMember" xlink:label="element2470"/>
<label xlink:type="resource" xlink:label="label2470" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice1135ThirdAvenueMember_en-US"> New York Office 1135 Third Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2470" xlink:to="label2470"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice148SpringStreetMember" xlink:label="element2471"/>
<label xlink:type="resource" xlink:label="label2471" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice148SpringStreetMember_en-US"> New York Office 148 Spring Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2471" xlink:to="label2471"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice150SpringStreetMember" xlink:label="element2472"/>
<label xlink:type="resource" xlink:label="label2472" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice150SpringStreetMember_en-US"> New York Office 150 Spring Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2472" xlink:to="label2472"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice334CanalStreetMember" xlink:label="element2473"/>
<label xlink:type="resource" xlink:label="label2473" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice334CanalStreetMember_en-US"> New York Office 334 Canal Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2473" xlink:to="label2473"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice4888thAvenueMember" xlink:label="element2474"/>
<label xlink:type="resource" xlink:label="label2474" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice4888thAvenueMember_en-US"> New York Office 488 8th Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2474" xlink:to="label2474"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice608FifthAvenueMember" xlink:label="element2475"/>
<label xlink:type="resource" xlink:label="label2475" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice608FifthAvenueMember_en-US"> New York Office 608 Fifth Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2475" xlink:to="label2475"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice4848thAvenueMember" xlink:label="element2476"/>
<label xlink:type="resource" xlink:label="label2476" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice4848thAvenueMember_en-US"> New York Office 484 8th Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2476" xlink:to="label2476"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice8257thAvenueMember" xlink:label="element2477"/>
<label xlink:type="resource" xlink:label="label2477" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice8257thAvenueMember_en-US"> New York Office 825 7th Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2477" xlink:to="label2477"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkNjParamusMember" xlink:label="element2478"/>
<label xlink:type="resource" xlink:label="label2478" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkNjParamusMember_en-US"> New York NJ Paramus [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2478" xlink:to="label2478"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkTotalMember" xlink:label="element2479"/>
<label xlink:type="resource" xlink:label="label2479" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkTotalMember_en-US"> New York Total [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2479" xlink:to="label2479"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1399NewYorkAvenueNorthWestMember" xlink:label="element2480"/>
<label xlink:type="resource" xlink:label="label2480" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice1399NewYorkAvenueNorthWestMember_en-US"> Washington DC Office 1399 New York Avenue North West [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2480" xlink:to="label2480"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1825ConnecticutAvenueNwMember" xlink:label="element2481"/>
<label xlink:type="resource" xlink:label="label2481" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOffice1825ConnecticutAvenueNwMember_en-US"> Washington DC Office 1825 Connecticut Avenue NW [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2481" xlink:to="label2481"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOffice1825ConnecticutAvenueNwMember" xlink:label="element2482"/>
<label xlink:type="resource" xlink:label="label2482" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOffice1825ConnecticutAvenueNwMember_en-US"> Washington DC Office 1825 Connecticut Avenue NW [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2482" xlink:to="label2482"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateAndAccumulatedDepreciationYearOfConstruction" xlink:label="element2483"/>
<label xlink:type="resource" xlink:label="label2483" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateAndAccumulatedDepreciationYearOfConstruction_en-US"> Real Estate And Accumulated Depreciation Year Of Construction </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2483" xlink:to="label2483"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateAndAccumulatedDepreciationYearOfAcquisition" xlink:label="element2484"/>
<label xlink:type="resource" xlink:label="label2484" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateAndAccumulatedDepreciationYearOfAcquisition_en-US"> Real Estate And Accumulated Depreciation Year Of Acquisition </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2484" xlink:to="label2484"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NortheastStatesAndCaliforniaMember" xlink:label="element2485"/>
<label xlink:type="resource" xlink:label="label2485" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NortheastStatesAndCaliforniaMember_en-US"> Northeast States And California [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2485" xlink:to="label2485"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NortheastStatesAndCaliforniaMember" xlink:label="element2486"/>
<label xlink:type="resource" xlink:label="label2486" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NortheastStatesAndCaliforniaMember_en-US"> Domain member used to indicate facts reported for the continuing operations in Manhattan The Northeast States And California </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2486" xlink:to="label2486"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NortheastMidAtlanticStatesAndPuertoRicoMember" xlink:label="element2487"/>
<label xlink:type="resource" xlink:label="label2487" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NortheastMidAtlanticStatesAndPuertoRicoMember_en-US"> Northeast Mid Atlantic States And Puerto Rico [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2487" xlink:to="label2487"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateRangeEndString" xlink:label="element2488"/>
<label xlink:type="resource" xlink:label="label2488" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DebtInstrumentMaturityDateRangeEndString_en-US"> Maturity, Range, End </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2488" xlink:to="label2488"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateRangeEndString" xlink:label="element2489"/>
<label xlink:type="resource" xlink:label="label2489" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DebtInstrumentMaturityDateRangeEndString_en-US"> Debt Instrument, Maturity Date Range, End String </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2489" xlink:to="label2489"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateRangeEndString" xlink:label="element2490"/>
<label xlink:type="resource" xlink:label="label2490" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DebtInstrumentMaturityDateRangeEndString_en-US"> Latest date the outstanding debt instruments are required to be repaid (string). </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2490" xlink:to="label2490"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailSegmentStripShoppingCentersMember" xlink:label="element2491"/>
<label xlink:type="resource" xlink:label="label2491" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailSegmentStripShoppingCentersMember_en-US"> Retail Segment Strip Shopping Centers [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2491" xlink:to="label2491"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailSegmentStripShoppingCentersMember" xlink:label="element2492"/>
<label xlink:type="resource" xlink:label="label2492" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailSegmentStripShoppingCentersMember_en-US"> Retail Segment Strip Shopping Centers [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2492" xlink:to="label2492"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailSegmentRegionalMallsMember" xlink:label="element2493"/>
<label xlink:type="resource" xlink:label="label2493" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailSegmentRegionalMallsMember_en-US"> Retail Segment Regional Malls [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2493" xlink:to="label2493"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailSegmentRegionalMallsMember" xlink:label="element2494"/>
<label xlink:type="resource" xlink:label="label2494" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailSegmentRegionalMallsMember_en-US"> Retail Segment Regional Malls [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2494" xlink:to="label2494"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LaMartMember" xlink:label="element2495"/>
<label xlink:type="resource" xlink:label="label2495" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LaMartMember_en-US"> LA Mart [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2495" xlink:to="label2495"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDesignCenterAndCanadianTradeShowsMember" xlink:label="element2496"/>
<label xlink:type="resource" xlink:label="label2496" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDesignCenterAndCanadianTradeShowsMember_en-US"> Washington Design Center and Canadian Trade Shows [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2496" xlink:to="label2496"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CanadianTradeShowsMember" xlink:label="element2497"/>
<label xlink:type="resource" xlink:label="label2497" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CanadianTradeShowsMember_en-US"> Canadian Trade Shows [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2497" xlink:to="label2497"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonOfficeCenterMember" xlink:label="element2498"/>
<label xlink:type="resource" xlink:label="label2498" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonOfficeCenterMember_en-US"> Washington Office Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2498" xlink:to="label2498"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonOfficeCenterMember" xlink:label="element2499"/>
<label xlink:type="resource" xlink:label="label2499" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_WashingtonOfficeCenterMember_en-US"> 409 Third Street SW [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2499" xlink:to="label2499"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainOnAssetPurchaseMember" xlink:label="element2500"/>
<label xlink:type="resource" xlink:label="label2500" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetGainOnAssetPurchaseMember_en-US"> Net Gain On Asset Purchase [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2500" xlink:to="label2500"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateRangeStartString" xlink:label="element2501"/>
<label xlink:type="resource" xlink:label="label2501" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DebtInstrumentMaturityDateRangeStartString_en-US"> Maturity, Range, Start </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2501" xlink:to="label2501"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateRangeStartString" xlink:label="element2502"/>
<label xlink:type="resource" xlink:label="label2502" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DebtInstrumentMaturityDateRangeStartString_en-US"> Debt Instrument, Maturity Date Range, Start String </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2502" xlink:to="label2502"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateRangeStartString" xlink:label="element2503"/>
<label xlink:type="resource" xlink:label="label2503" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DebtInstrumentMaturityDateRangeStartString_en-US"> Earliest date the outstanding debt instruments are required to be repaid (string). </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2503" xlink:to="label2503"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfExtensionsAvailable" xlink:label="element2504"/>
<label xlink:type="resource" xlink:label="label2504" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfExtensionsAvailable_en-US"> Number Of Extensions Available </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2504" xlink:to="label2504"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfExtensionsAvailable" xlink:label="element2505"/>
<label xlink:type="resource" xlink:label="label2505" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfExtensionsAvailable_en-US"> The total number of term extensions available to the borrower </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2505" xlink:to="label2505"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LengthOfExtensionAvailable" xlink:label="element2506"/>
<label xlink:type="resource" xlink:label="label2506" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LengthOfExtensionAvailable_en-US"> Length Of Extension Available </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2506" xlink:to="label2506"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LengthOfExtensionAvailable" xlink:label="element2507"/>
<label xlink:type="resource" xlink:label="label2507" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LengthOfExtensionAvailable_en-US"> The term of the extension available, in years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2507" xlink:to="label2507"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AdditionalSegmentReportingTable" xlink:label="element2508"/>
<label xlink:type="resource" xlink:label="label2508" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AdditionalSegmentReportingTable_en-US"> Additional Segment Reporting [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2508" xlink:to="label2508"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AdditionalSegmentReportingTable" xlink:label="element2509"/>
<label xlink:type="resource" xlink:label="label2509" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AdditionalSegmentReportingTable_en-US"> Additional details of EBITDA by segment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2509" xlink:to="label2509"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetIncomeAttributableToOperatingPartnershipMember" xlink:label="element2510"/>
<label xlink:type="resource" xlink:label="label2510" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetIncomeAttributableToOperatingPartnershipMember_en-US"> Net Income Attributable To Operating Partnership [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2510" xlink:to="label2510"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetIncomeAttributableToOperatingPartnershipMember" xlink:label="element2511"/>
<label xlink:type="resource" xlink:label="label2511" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NetIncomeAttributableToOperatingPartnershipMember_en-US"> Net income attributable to noncontrolling interests in the Operating Partnership </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2511" xlink:to="label2511"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetIncomeAttributableToOperatingPartnershipMember" xlink:label="element2512"/>
<label xlink:type="resource" xlink:label="label2512" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NetIncomeAttributableToOperatingPartnershipMember_en-US"> Net income attributable to noncontrolling interests in the Operating Partnership [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2512" xlink:to="label2512"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainOnExtinguishmentOfDebtIncludingDiscontinuedOperations" xlink:label="element2513"/>
<label xlink:type="resource" xlink:label="label2513" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetGainOnExtinguishmentOfDebtIncludingDiscontinuedOperations_en-US"> Net gain on extinguishment of debt including discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2513" xlink:to="label2513"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainOnExtinguishmentOfDebtIncludingDiscontinuedOperations" xlink:label="element2514"/>
<label xlink:type="resource" xlink:label="label2514" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NetGainOnExtinguishmentOfDebtIncludingDiscontinuedOperations_en-US"> Difference between carrying value and cash paid to dischare the debt. This element also includes the portion of gain or loss that may be included in the discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2514" xlink:to="label2514"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainOnExtinguishmentOfDebtIncludingDiscontinuedOperations" xlink:label="element2515"/>
<label xlink:type="resource" xlink:label="label2515" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_NetGainOnExtinguishmentOfDebtIncludingDiscontinuedOperations_en-US"> Net gain on extinguishment of debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2515" xlink:to="label2515"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfRealEstatePropertiesSold" xlink:label="element2516"/>
<label xlink:type="resource" xlink:label="label2516" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfRealEstatePropertiesSold_en-US"> Number Of Real Estate Properties Sold </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2516" xlink:to="label2516"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfRealEstatePropertiesSold" xlink:label="element2517"/>
<label xlink:type="resource" xlink:label="label2517" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfRealEstatePropertiesSold_en-US"> This element represents the number of real estate properties sold. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2517" xlink:to="label2517"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GrossProceedsFromSaleOfRealEstate" xlink:label="element2518"/>
<label xlink:type="resource" xlink:label="label2518" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_GrossProceedsFromSaleOfRealEstate_en-US"> Gross proceeds from sale of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2518" xlink:to="label2518"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GrossProceedsFromSaleOfRealEstate" xlink:label="element2519"/>
<label xlink:type="resource" xlink:label="label2519" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_GrossProceedsFromSaleOfRealEstate_en-US"> Gross proceeds from the sale of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2519" xlink:to="label2519"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GrossProceedsFromSaleOfRealEstate" xlink:label="element2520"/>
<label xlink:type="resource" xlink:label="label2520" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_GrossProceedsFromSaleOfRealEstate_en-US"> This element represents gross proceeds from the sale of real estate. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2520" xlink:to="label2520"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AnticipatedNetProceedsFromSaleOfRealEstate" xlink:label="element2521"/>
<label xlink:type="resource" xlink:label="label2521" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AnticipatedNetProceedsFromSaleOfRealEstate_en-US"> Anticipated Net Proceeds From Sale Of Real Estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2521" xlink:to="label2521"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AnticipatedNetProceedsFromSaleOfRealEstate" xlink:label="element2522"/>
<label xlink:type="resource" xlink:label="label2522" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_AnticipatedNetProceedsFromSaleOfRealEstate_en-US"> Anticipated net proceeds from the sale of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2522" xlink:to="label2522"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AnticipatedNetProceedsFromSaleOfRealEstate" xlink:label="element2523"/>
<label xlink:type="resource" xlink:label="label2523" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AnticipatedNetProceedsFromSaleOfRealEstate_en-US"> This element represents the anticipated net proceeds from the sale of real estate agreed to sell. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2523" xlink:to="label2523"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SellerFinancingRate" xlink:label="element2524"/>
<label xlink:type="resource" xlink:label="label2524" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SellerFinancingRate_en-US"> Seller financing rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2524" xlink:to="label2524"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SellerFinancingRate" xlink:label="element2525"/>
<label xlink:type="resource" xlink:label="label2525" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SellerFinancingRate_en-US"> This element represents the seller financing rate. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2525" xlink:to="label2525"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxOnGainOnSale" xlink:label="element2526"/>
<label xlink:type="resource" xlink:label="label2526" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxOnGainOnSale_en-US"> Income tax on gain on sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2526" xlink:to="label2526"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxOnGainOnSale" xlink:label="element2527"/>
<label xlink:type="resource" xlink:label="label2527" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IncomeTaxOnGainOnSale_en-US"> This element represents the income taxes on gain on sale. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2527" xlink:to="label2527"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CapitalLeaseAssetAcquired" xlink:label="element2528"/>
<label xlink:type="resource" xlink:label="label2528" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CapitalLeaseAssetAcquired_en-US"> Capital Lease Asset Acquired </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2528" xlink:to="label2528"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CapitalLeaseAssetAcquired" xlink:label="element2529"/>
<label xlink:type="resource" xlink:label="label2529" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CapitalLeaseAssetAcquired_en-US"> The non-cash increase in total real estate during the period due to acquisition of properties that are accounted as capital leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2529" xlink:to="label2529"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CapitalLeaseAssetAcquired" xlink:label="element2530"/>
<label xlink:type="resource" xlink:label="label2530" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_CapitalLeaseAssetAcquired_en-US"> Asset (included in development costs and construction in progress) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2530" xlink:to="label2530"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MinimumComparableFundsFromOperationsToPriorYear" xlink:label="element2531"/>
<label xlink:type="resource" xlink:label="label2531" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MinimumComparableFundsFromOperationsToPriorYear_en-US"> Minimum Comparable Funds From Operations To Prior Year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2531" xlink:to="label2531"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MinimumComparableFundsFromOperationsToPriorYear" xlink:label="element2532"/>
<label xlink:type="resource" xlink:label="label2532" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MinimumComparableFundsFromOperationsToPriorYear_en-US"> Minimum amount of comparable FFO required for the year compared to prior year in order to have the ability to earn annual cash incentive payments and/or equity awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2532" xlink:to="label2532"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MaximumPercentageOfComparableFundsFromOperationsAsIncentiveAwards" xlink:label="element2533"/>
<label xlink:type="resource" xlink:label="label2533" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MaximumPercentageOfComparableFundsFromOperationsAsIncentiveAwards_en-US"> Maximum Percentage Of Comparable Funds From Operations As Incentive Awards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2533" xlink:to="label2533"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MaximumPercentageOfComparableFundsFromOperationsAsIncentiveAwards" xlink:label="element2534"/>
<label xlink:type="resource" xlink:label="label2534" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MaximumPercentageOfComparableFundsFromOperationsAsIncentiveAwards_en-US"> Aggregate incentive awards earned under the annual incentive program by senior executive management team. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2534" xlink:to="label2534"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardNotionalAmount" xlink:label="element2535"/>
<label xlink:type="resource" xlink:label="label2535" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ShareBasedCompensationByShareBasedPaymentAwardNotionalAmount_en-US"> Share Based Compensation By Share Based Payment Award Notional Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2535" xlink:to="label2535"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardNotionalAmount" xlink:label="element2536"/>
<label xlink:type="resource" xlink:label="label2536" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ShareBasedCompensationByShareBasedPaymentAwardNotionalAmount_en-US"> The aggregate notional amount of the out performance plan. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2536" xlink:to="label2536"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardNotionalAmount" xlink:label="element2537"/>
<label xlink:type="resource" xlink:label="label2537" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ShareBasedCompensationByShareBasedPaymentAwardNotionalAmount_en-US"> Out of performance plan notional amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2537" xlink:to="label2537"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RequiredShareholderReturnPerYear" xlink:label="element2538"/>
<label xlink:type="resource" xlink:label="label2538" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RequiredShareholderReturnPerYear_en-US"> Required Shareholder Return Per Year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2538" xlink:to="label2538"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RequiredShareholderReturnPerYear" xlink:label="element2539"/>
<label xlink:type="resource" xlink:label="label2539" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RequiredShareholderReturnPerYear_en-US"> Minimum percentage of shareholder return per year before any payout is made under the out performance plan. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2539" xlink:to="label2539"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RequiredShareholderReturnThreeYear" xlink:label="element2540"/>
<label xlink:type="resource" xlink:label="label2540" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RequiredShareholderReturnThreeYear_en-US"> Required Shareholder Return Three Year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2540" xlink:to="label2540"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RequiredShareholderReturnThreeYear" xlink:label="element2541"/>
<label xlink:type="resource" xlink:label="label2541" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RequiredShareholderReturnThreeYear_en-US"> Minimum percentage of shareholder return for three years before any payout is made under the out performance plan. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2541" xlink:to="label2541"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RequiredShareholderReturnUnderRelativeComponent" xlink:label="element2542"/>
<label xlink:type="resource" xlink:label="label2542" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RequiredShareholderReturnUnderRelativeComponent_en-US"> Required Shareholder Return Under Relative Component </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2542" xlink:to="label2542"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RequiredShareholderReturnUnderRelativeComponent" xlink:label="element2543"/>
<label xlink:type="resource" xlink:label="label2543" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RequiredShareholderReturnUnderRelativeComponent_en-US"> Required percentage of shareholder return under the Relative plan. If this percentage is not met, then the total award is reduced based on the absolute TSR plan. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2543" xlink:to="label2543"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfShareholderReturnUnderWhichNoAwardsWillBeEarned" xlink:label="element2544"/>
<label xlink:type="resource" xlink:label="label2544" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PercentageOfShareholderReturnUnderWhichNoAwardsWillBeEarned_en-US"> Percentage Of Shareholder Return Under Which No Awards Will Be Earned </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2544" xlink:to="label2544"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfShareholderReturnUnderWhichNoAwardsWillBeEarned" xlink:label="element2545"/>
<label xlink:type="resource" xlink:label="label2545" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PercentageOfShareholderReturnUnderWhichNoAwardsWillBeEarned_en-US"> Percentage of shareholder return required under any plan before any payments will be awarded. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2545" xlink:to="label2545"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearThree" xlink:label="element2546"/>
<label xlink:type="resource" xlink:label="label2546" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearThree_en-US"> Share Based Compensation By Share Based Payment Award Vesting Period Year Three </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2546" xlink:to="label2546"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearThree" xlink:label="element2547"/>
<label xlink:type="resource" xlink:label="label2547" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearThree_en-US"> Percentage of total awards to be vested in year three. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2547" xlink:to="label2547"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearThree" xlink:label="element2548"/>
<label xlink:type="resource" xlink:label="label2548" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearThree_en-US"> Award vesting in three years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2548" xlink:to="label2548"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFour" xlink:label="element2549"/>
<label xlink:type="resource" xlink:label="label2549" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFour_en-US"> Share Based Compensation By Share Based Payment Award Vesting Period Year Four </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2549" xlink:to="label2549"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFour" xlink:label="element2550"/>
<label xlink:type="resource" xlink:label="label2550" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFour_en-US"> Percentage of total awards to be vested in year four. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2550" xlink:to="label2550"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFour" xlink:label="element2551"/>
<label xlink:type="resource" xlink:label="label2551" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFour_en-US"> Award versting in four years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2551" xlink:to="label2551"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFive" xlink:label="element2552"/>
<label xlink:type="resource" xlink:label="label2552" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFive_en-US"> Share Based Compensation By Share Based Payment Award Vesting Period Year Five </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2552" xlink:to="label2552"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFive" xlink:label="element2553"/>
<label xlink:type="resource" xlink:label="label2553" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFive_en-US"> Percentage of total awards to be vested in year five. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2553" xlink:to="label2553"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFive" xlink:label="element2554"/>
<label xlink:type="resource" xlink:label="label2554" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ShareBasedCompensationByShareBasedPaymentAwardVestingPeriodYearFive_en-US"> Award vesting in five years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2554" xlink:to="label2554"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlanMember" xlink:label="element2555"/>
<label xlink:type="resource" xlink:label="label2555" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlanMember_en-US"> Out Performance Plan [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2555" xlink:to="label2555"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlanMember" xlink:label="element2556"/>
<label xlink:type="resource" xlink:label="label2556" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlanMember_en-US"> Out Performance Plan. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2556" xlink:to="label2556"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlanAndAbsoluteComponentMember" xlink:label="element2557"/>
<label xlink:type="resource" xlink:label="label2557" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlanAndAbsoluteComponentMember_en-US"> Out Performance Plan And Absolute Component [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2557" xlink:to="label2557"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlanAndAbsoluteComponentMember" xlink:label="element2558"/>
<label xlink:type="resource" xlink:label="label2558" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlanAndAbsoluteComponentMember_en-US"> Out Performance Plan And Absolute Component </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2558" xlink:to="label2558"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlanAndRelativeComponentMember" xlink:label="element2559"/>
<label xlink:type="resource" xlink:label="label2559" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlanAndRelativeComponentMember_en-US"> Out Performance Plan And Relative Component [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2559" xlink:to="label2559"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlanAndRelativeComponentMember" xlink:label="element2560"/>
<label xlink:type="resource" xlink:label="label2560" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlanAndRelativeComponentMember_en-US"> Out Performance Plan And Relative Component </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2560" xlink:to="label2560"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardGrantDateFairValueAdjustedForEstimatedForfeitures" xlink:label="element2561"/>
<label xlink:type="resource" xlink:label="label2561" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ShareBasedCompensationByShareBasedPaymentAwardGrantDateFairValueAdjustedForEstimatedForfeitures_en-US"> Share Based Compensation By Share Based Payment Award Grant Date Fair Value Adjusted For Estimated Forfeitures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2561" xlink:to="label2561"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardGrantDateFairValueAdjustedForEstimatedForfeitures" xlink:label="element2562"/>
<label xlink:type="resource" xlink:label="label2562" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ShareBasedCompensationByShareBasedPaymentAwardGrantDateFairValueAdjustedForEstimatedForfeitures_en-US"> Fair value of the stock based compensation plan as of grant date. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2562" xlink:to="label2562"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcSkylinePropertiesMember" xlink:label="element2563"/>
<label xlink:type="resource" xlink:label="label2563" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcSkylinePropertiesMember_en-US"> Washington DC Skyline Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2563" xlink:to="label2563"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcSkylinePropertiesMember" xlink:label="element2564"/>
<label xlink:type="resource" xlink:label="label2564" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcSkylinePropertiesMember_en-US"> Washington DC Skyline Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2564" xlink:to="label2564"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork100West33rdStreetOfficeRetailMember" xlink:label="element2565"/>
<label xlink:type="resource" xlink:label="label2565" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYork100West33rdStreetOfficeRetailMember_en-US"> New York 100 West 33rd Street - Office & Retail [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2565" xlink:to="label2565"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork100West33rdStreetOfficeRetailMember" xlink:label="element2566"/>
<label xlink:type="resource" xlink:label="label2566" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYork100West33rdStreetOfficeRetailMember_en-US"> New York 100 West 33rd Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2566" xlink:to="label2566"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AnnualIncentiveProgramMember" xlink:label="element2567"/>
<label xlink:type="resource" xlink:label="label2567" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AnnualIncentiveProgramMember_en-US"> Annual Incentive Program [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2567" xlink:to="label2567"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AnnualIncentiveProgramMember" xlink:label="element2568"/>
<label xlink:type="resource" xlink:label="label2568" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AnnualIncentiveProgramMember_en-US"> Annual Incentive Program </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2568" xlink:to="label2568"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VariableInterestEntitiesAbstract" xlink:label="element2569"/>
<label xlink:type="resource" xlink:label="label2569" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VariableInterestEntitiesAbstract_en-US"> Variable Interest Entities [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2569" xlink:to="label2569"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ComponentsOfIncomeFromEquityMethodInvestmentsAxis" xlink:label="element2570"/>
<label xlink:type="resource" xlink:label="label2570" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ComponentsOfIncomeFromEquityMethodInvestmentsAxis_en-US"> Components Of Income From Equity Method Investments [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2570" xlink:to="label2570"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ComponentsOfIncomeFromEquityMethodInvestmentsAxis" xlink:label="element2571"/>
<label xlink:type="resource" xlink:label="label2571" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ComponentsOfIncomeFromEquityMethodInvestmentsAxis_en-US"> Schedule Of Equity Method Investments Earnings [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2571" xlink:to="label2571"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ComponentsOfIncomeFromEquityMethodInvestmentsDomain" xlink:label="element2572"/>
<label xlink:type="resource" xlink:label="label2572" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ComponentsOfIncomeFromEquityMethodInvestmentsDomain_en-US"> Components Of Income From Equity Method Investments [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2572" xlink:to="label2572"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ComponentsOfIncomeFromEquityMethodInvestmentsDomain" xlink:label="element2573"/>
<label xlink:type="resource" xlink:label="label2573" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ComponentsOfIncomeFromEquityMethodInvestmentsDomain_en-US"> Schedule Of Equity Method Investments Earnings [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2573" xlink:to="label2573"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityInNetIncomeBeforeIncomeTaxesMember" xlink:label="element2574"/>
<label xlink:type="resource" xlink:label="label2574" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityInNetIncomeBeforeIncomeTaxesMember_en-US"> Equity In Net Income Before Income Taxes [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2574" xlink:to="label2574"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxBenefitMember" xlink:label="element2575"/>
<label xlink:type="resource" xlink:label="label2575" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxBenefitMember_en-US"> Income Tax Benefit [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2575" xlink:to="label2575"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityInNetIncomeAfterIncomeTaxesMember" xlink:label="element2576"/>
<label xlink:type="resource" xlink:label="label2576" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityInNetIncomeAfterIncomeTaxesMember_en-US"> Equity In Net Income After Income Taxes [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2576" xlink:to="label2576"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ManagementFeesMember" xlink:label="element2577"/>
<label xlink:type="resource" xlink:label="label2577" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ManagementFeesMember_en-US"> Management Fees [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2577" xlink:to="label2577"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ManagementLeasingAndDevelopmentFeesMember" xlink:label="element2578"/>
<label xlink:type="resource" xlink:label="label2578" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ManagementLeasingAndDevelopmentFeesMember_en-US"> Management Leasing And Development Fees [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2578" xlink:to="label2578"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainFromStockIssuanceAndAssetAcquisitionMember" xlink:label="element2579"/>
<label xlink:type="resource" xlink:label="label2579" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetGainFromStockIssuanceAndAssetAcquisitionMember_en-US"> Net Gain From Stock Issuance And Asset Acquisition [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2579" xlink:to="label2579"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeTaxBenefitAssetSalesAndTaxSettlementGainsMember" xlink:label="element2580"/>
<label xlink:type="resource" xlink:label="label2580" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeTaxBenefitAssetSalesAndTaxSettlementGainsMember_en-US"> Income Tax Benefit Asset Sales And Tax Settlement Gains [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2580" xlink:to="label2580"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentLossMember" xlink:label="element2581"/>
<label xlink:type="resource" xlink:label="label2581" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ImpairmentLossMember_en-US"> Impairment Loss [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2581" xlink:to="label2581"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StraightLineReservesAndWriteOffOfTenantImprovementsMember" xlink:label="element2582"/>
<label xlink:type="resource" xlink:label="label2582" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_StraightLineReservesAndWriteOffOfTenantImprovementsMember_en-US"> Straight Line Reserves And Write Off Of Tenant Improvements [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2582" xlink:to="label2582"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesKPreferredStockMember" xlink:label="element2583"/>
<label xlink:type="resource" xlink:label="label2583" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesKPreferredStockMember_en-US"> Series K Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2583" xlink:to="label2583"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PreferredStockIssuedAdditionalDisclosure" xlink:label="element2584"/>
<label xlink:type="resource" xlink:label="label2584" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PreferredStockIssuedAdditionalDisclosure_en-US"> Preferred Stock Issued Additional Disclosure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2584" xlink:to="label2584"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PreferredStockDurationFromIssuanceToEarliestRedemptionDate" xlink:label="element2585"/>
<label xlink:type="resource" xlink:label="label2585" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PreferredStockDurationFromIssuanceToEarliestRedemptionDate_en-US"> Preferred Stock Duration From Issuance To Earliest Redemption Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2585" xlink:to="label2585"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PreferredStockDurationFromIssuanceToEarliestRedemptionDate" xlink:label="element2586"/>
<label xlink:type="resource" xlink:label="label2586" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PreferredStockDurationFromIssuanceToEarliestRedemptionDate_en-US"> The duration of time from the date of original issuance through the earliest possible date of redemption by the isseur </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2586" xlink:to="label2586"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LikeKindExchangeTransactionTypeAxis" xlink:label="element2587"/>
<label xlink:type="resource" xlink:label="label2587" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LikeKindExchangeTransactionTypeAxis_en-US"> Like Kind Exchange Transaction Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2587" xlink:to="label2587"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LikeKindExchangeTypeTransactionDomain" xlink:label="element2588"/>
<label xlink:type="resource" xlink:label="label2588" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LikeKindExchangeTypeTransactionDomain_en-US"> Like Kind Exchange Type Transaction [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2588" xlink:to="label2588"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LikeKindPropertiesAcquiredMember" xlink:label="element2589"/>
<label xlink:type="resource" xlink:label="label2589" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LikeKindPropertiesAcquiredMember_en-US"> Like Kind Properties Acquired [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2589" xlink:to="label2589"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LikeKindPropertiesAcquiredMember" xlink:label="element2590"/>
<label xlink:type="resource" xlink:label="label2590" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_LikeKindPropertiesAcquiredMember_en-US"> Acquisitions [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2590" xlink:to="label2590"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LikeKindPropertiesSoldMember" xlink:label="element2591"/>
<label xlink:type="resource" xlink:label="label2591" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LikeKindPropertiesSoldMember_en-US"> Like Kind Properties Sold [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2591" xlink:to="label2591"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LikeKindPropertiesSoldMember" xlink:label="element2592"/>
<label xlink:type="resource" xlink:label="label2592" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_LikeKindPropertiesSoldMember_en-US"> Dispositions [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2592" xlink:to="label2592"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FrequencyOfPaymentAxis" xlink:label="element2593"/>
<label xlink:type="resource" xlink:label="label2593" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FrequencyOfPaymentAxis_en-US"> Frequency Of Payment [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2593" xlink:to="label2593"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FrequencyOfPaymentDomain" xlink:label="element2594"/>
<label xlink:type="resource" xlink:label="label2594" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FrequencyOfPaymentDomain_en-US"> Frequency Of Payment [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2594" xlink:to="label2594"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SpecialMember" xlink:label="element2595"/>
<label xlink:type="resource" xlink:label="label2595" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SpecialMember_en-US"> Special [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2595" xlink:to="label2595"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_QuarterlyMember" xlink:label="element2596"/>
<label xlink:type="resource" xlink:label="label2596" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_QuarterlyMember_en-US"> Quarterly [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2596" xlink:to="label2596"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetProceedsFromSaleOfRealEstate" xlink:label="element2597"/>
<label xlink:type="resource" xlink:label="label2597" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetProceedsFromSaleOfRealEstate_en-US"> Net proceeds from sale of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2597" xlink:to="label2597"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetProceedsFromSaleOfRealEstate" xlink:label="element2598"/>
<label xlink:type="resource" xlink:label="label2598" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NetProceedsFromSaleOfRealEstate_en-US"> Net proceeds from the sale of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2598" xlink:to="label2598"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetProceedsFromSaleOfRealEstate" xlink:label="element2599"/>
<label xlink:type="resource" xlink:label="label2599" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NetProceedsFromSaleOfRealEstate_en-US"> This element represents net proceeds from the sale of real estate. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2599" xlink:to="label2599"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommitmentFundedDuringPeriod" xlink:label="element2600"/>
<label xlink:type="resource" xlink:label="label2600" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CommitmentFundedDuringPeriod_en-US"> Commitment Funded During Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2600" xlink:to="label2600"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommitmentFundedDuringPeriod" xlink:label="element2601"/>
<label xlink:type="resource" xlink:label="label2601" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CommitmentFundedDuringPeriod_en-US"> This element represents the total cash outflow that relates to a commitment made by the company or its subsidiaries. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2601" xlink:to="label2601"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NY701SeventhAvenueMember" xlink:label="element2602"/>
<label xlink:type="resource" xlink:label="label2602" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NY701SeventhAvenueMember_en-US"> NY 701 Seventh Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2602" xlink:to="label2602"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesReceivableGrossIncludingFutureCommitments" xlink:label="element2603"/>
<label xlink:type="resource" xlink:label="label2603" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NotesReceivableGrossIncludingFutureCommitments_en-US"> Notes Receivable Gross Including Future Commitments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2603" xlink:to="label2603"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesReceivableGrossIncludingFutureCommitments" xlink:label="element2604"/>
<label xlink:type="resource" xlink:label="label2604" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NotesReceivableGrossIncludingFutureCommitments_en-US"> Mortgage and mezzanine loan for the acquisition and redevelopment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2604" xlink:to="label2604"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DeferredCompensationPlanAssetsMember" xlink:label="element2605"/>
<label xlink:type="resource" xlink:label="label2605" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DeferredCompensationPlanAssetsMember_en-US"> Deferred Compensation Plan Assets [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2605" xlink:to="label2605"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DeferredCompensationPlanAssetsMember" xlink:label="element2606"/>
<label xlink:type="resource" xlink:label="label2606" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DeferredCompensationPlanAssetsMember_en-US"> Deferred Compensation Plan Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2606" xlink:to="label2606"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CarryingValueOfCondominumUnitsIncludedInOtherAssets" xlink:label="element2607"/>
<label xlink:type="resource" xlink:label="label2607" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CarryingValueOfCondominumUnitsIncludedInOtherAssets_en-US"> Carrying Value Of Condominum Units Included In Other Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2607" xlink:to="label2607"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CarryingValueOfCondominumUnitsIncludedInOtherAssets" xlink:label="element2608"/>
<label xlink:type="resource" xlink:label="label2608" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CarryingValueOfCondominumUnitsIncludedInOtherAssets_en-US"> This element represents Carrying Value Of Condominum Units Included In Other Assets. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2608" xlink:to="label2608"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CarryingValueOfCondominumUnitsIncludedInOtherAssets" xlink:label="element2609"/>
<label xlink:type="resource" xlink:label="label2609" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_CarryingValueOfCondominumUnitsIncludedInOtherAssets_en-US"> Condominium units (included in other assets) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2609" xlink:to="label2609"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TotalAssetsNotMeasuredAtFairValue" xlink:label="element2610"/>
<label xlink:type="resource" xlink:label="label2610" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TotalAssetsNotMeasuredAtFairValue_en-US"> Total Assets Not Measured At Fair Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2610" xlink:to="label2610"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TotalAssetsNotMeasuredAtFairValue" xlink:label="element2611"/>
<label xlink:type="resource" xlink:label="label2611" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TotalAssetsNotMeasuredAtFairValue_en-US"> This element represents total amount of assets not measured at fair value. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2611" xlink:to="label2611"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TotalAssetsNotMeasuredAtFairValue" xlink:label="element2612"/>
<label xlink:type="resource" xlink:label="label2612" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_vno_TotalAssetsNotMeasuredAtFairValue_en-US"> Total assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2612" xlink:to="label2612"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings" xlink:label="element2613"/>
<label xlink:type="resource" xlink:label="label2613" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings_en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Realized Gain (Loss) Included In Earnings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2613" xlink:to="label2613"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings" xlink:label="element2614"/>
<label xlink:type="resource" xlink:label="label2614" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings_en-US"> This element represents Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Realized Gain (Loss) Included In Earnings. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2614" xlink:to="label2614"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings" xlink:label="element2615"/>
<label xlink:type="resource" xlink:label="label2615" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainLossIncludedInEarnings_en-US"> Net realized gains </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2615" xlink:to="label2615"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings" xlink:label="element2616"/>
<label xlink:type="resource" xlink:label="label2616" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings_en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Unrealized Gain (Loss) Included In Earnings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2616" xlink:to="label2616"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings" xlink:label="element2617"/>
<label xlink:type="resource" xlink:label="label2617" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings_en-US"> This element represents Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Realized Gain (Loss) Included In Earnings. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2617" xlink:to="label2617"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings" xlink:label="element2618"/>
<label xlink:type="resource" xlink:label="label2618" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetUnrealizedGainLossIncludedInEarnings_en-US"> Net unrealized gains </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2618" xlink:to="label2618"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnrealizedGainLossOnRealEstateFundInvestments" xlink:label="element2619"/>
<label xlink:type="resource" xlink:label="label2619" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnrealizedGainLossOnRealEstateFundInvestments_en-US"> Unrealized Gain Loss On Real Estate Fund Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2619" xlink:to="label2619"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnrealizedGainLossOnRealEstateFundInvestments" xlink:label="element2620"/>
<label xlink:type="resource" xlink:label="label2620" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnrealizedGainLossOnRealEstateFundInvestments_en-US"> As of the reporting date, the net change in the difference between the fair value and the carrying value of Real Estate Fund investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2620" xlink:to="label2620"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementAnticipatedInvestmentHoldingPeriod" xlink:label="element2621"/>
<label xlink:type="resource" xlink:label="label2621" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FairValueMeasurementAnticipatedInvestmentHoldingPeriod_en-US"> Fair Value Measurement Anticipated Investment Holding Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2621" xlink:to="label2621"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementAnticipatedInvestmentHoldingPeriod" xlink:label="element2622"/>
<label xlink:type="resource" xlink:label="label2622" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FairValueMeasurementAnticipatedInvestmentHoldingPeriod_en-US"> Anticipated holding period of investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2622" xlink:to="label2622"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AmountReclassifiedFromAccumulatedOtherComprehensiveIncomeAbstract" xlink:label="element2623"/>
<label xlink:type="resource" xlink:label="label2623" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AmountReclassifiedFromAccumulatedOtherComprehensiveIncomeAbstract_en-US"> Amount Reclassified From Accumulated Other Comprehensive Income [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2623" xlink:to="label2623"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AmountReclassifiedFromAccumulatedOtherComprehensiveIncomeAbstract" xlink:label="element2624"/>
<label xlink:type="resource" xlink:label="label2624" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_AmountReclassifiedFromAccumulatedOtherComprehensiveIncomeAbstract_en-US"> Amounts reclassified from accumulated other comprehensive income: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2624" xlink:to="label2624"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncometaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationDomain" xlink:label="element2625"/>
<label xlink:type="resource" xlink:label="label2625" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncometaxExpenseBenefitContinuingOperationsIncomeTaxReconciliationDomain_en-US"> IncomeTax Expense Benefit Continuing Operations Income Tax Reconciliation [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2625" xlink:to="label2625"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ReconciliationOfNetIncomeToTaxableIncomeMember" xlink:label="element2626"/>
<label xlink:type="resource" xlink:label="label2626" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ReconciliationOfNetIncomeToTaxableIncomeMember_en-US"> Reconciliation Of Net Income To Taxable Income [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2626" xlink:to="label2626"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DetailsOfPreferredSharesOfBeneficialInterestAbstract" xlink:label="element2627"/>
<label xlink:type="resource" xlink:label="label2627" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DetailsOfPreferredSharesOfBeneficialInterestAbstract_en-US"> Details Of Preferred Shares Of Beneficial Interest [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2627" xlink:to="label2627"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InvestmentOwnedUnrecognizedUnrealizedAppreciationValue" xlink:label="element2628"/>
<label xlink:type="resource" xlink:label="label2628" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InvestmentOwnedUnrecognizedUnrealizedAppreciationValue_en-US"> Investment Owned Unrecognized Unrealized Appreciation Value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2628" xlink:to="label2628"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InvestmentOwnedUnrecognizedUnrealizedAppreciationValue" xlink:label="element2629"/>
<label xlink:type="resource" xlink:label="label2629" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InvestmentOwnedUnrecognizedUnrealizedAppreciationValue_en-US"> The amount of excess fair value of investments over it's cost. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2629" xlink:to="label2629"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InvestmentOwnedUnrecognizedUnrealizedAppreciationValue" xlink:label="element2630"/>
<label xlink:type="resource" xlink:label="label2630" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_InvestmentOwnedUnrecognizedUnrealizedAppreciationValue_en-US"> Excess of fair value over cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2630" xlink:to="label2630"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork655FifthAvenueMember" xlink:label="element2631"/>
<label xlink:type="resource" xlink:label="label2631" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYork655FifthAvenueMember_en-US"> New York 655 Fifth Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2631" xlink:to="label2631"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork655FifthAvenueMember" xlink:label="element2632"/>
<label xlink:type="resource" xlink:label="label2632" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYork655FifthAvenueMember_en-US"> New York 655 Fifth Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2632" xlink:to="label2632"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkManhattan220CentralParkSouthSiteMember" xlink:label="element2633"/>
<label xlink:type="resource" xlink:label="label2633" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkManhattan220CentralParkSouthSiteMember_en-US"> New York Manhattan 220 Central Park South Site [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2633" xlink:to="label2633"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkManhattan220CentralParkSouthSiteMember" xlink:label="element2634"/>
<label xlink:type="resource" xlink:label="label2634" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkManhattan220CentralParkSouthSiteMember_en-US"> New York Manhattan 220 Central Park South Site [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2634" xlink:to="label2634"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FrontageLength" xlink:label="element2635"/>
<label xlink:type="resource" xlink:label="label2635" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FrontageLength_en-US"> Frontage Length </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2635" xlink:to="label2635"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FrontageLength" xlink:label="element2636"/>
<label xlink:type="resource" xlink:label="label2636" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FrontageLength_en-US"> Length in feet of a frontage of property. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2636" xlink:to="label2636"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StrikePriceOfCommonSharesHeldUnderForwardContract" xlink:label="element2637"/>
<label xlink:type="resource" xlink:label="label2637" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_StrikePriceOfCommonSharesHeldUnderForwardContract_en-US"> Strike Price Of Common Shares Held Under Forward Contract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2637" xlink:to="label2637"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StrikePriceOfCommonSharesHeldUnderForwardContract" xlink:label="element2638"/>
<label xlink:type="resource" xlink:label="label2638" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_StrikePriceOfCommonSharesHeldUnderForwardContract_en-US"> Strike price of common shares held under forward contract (in dollars per share) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2638" xlink:to="label2638"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StrikePriceOfCommonSharesHeldUnderForwardContract" xlink:label="element2639"/>
<label xlink:type="resource" xlink:label="label2639" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_StrikePriceOfCommonSharesHeldUnderForwardContract_en-US"> Strike Price Of Common Shares Held Under Forward Contract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2639" xlink:to="label2639"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommonStockSharesAcquired" xlink:label="element2640"/>
<label xlink:type="resource" xlink:label="label2640" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CommonStockSharesAcquired_en-US"> Common Stock Shares Acquired </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2640" xlink:to="label2640"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommonStockSharesAcquired" xlink:label="element2641"/>
<label xlink:type="resource" xlink:label="label2641" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CommonStockSharesAcquired_en-US"> Number of common shares acquired during settlement of forward contracts. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2641" xlink:to="label2641"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommonStockSharesAcquired" xlink:label="element2642"/>
<label xlink:type="resource" xlink:label="label2642" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_CommonStockSharesAcquired_en-US"> Receipt of common shares by settling forward contract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2642" xlink:to="label2642"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TerrorismActsMember" xlink:label="element2643"/>
<label xlink:type="resource" xlink:label="label2643" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TerrorismActsMember_en-US"> Terrorism Acts [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2643" xlink:to="label2643"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TerrorismActsMember" xlink:label="element2644"/>
<label xlink:type="resource" xlink:label="label2644" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TerrorismActsMember_en-US"> Terrorism Acts [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2644" xlink:to="label2644"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PrepaymentPenaltiesIncomeFromMezzanineLoanRepaymentMember" xlink:label="element2645"/>
<label xlink:type="resource" xlink:label="label2645" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PrepaymentPenaltiesIncomeFromMezzanineLoanRepaymentMember_en-US"> Prepayment Penalties Income From Mezzanine Loan Repayment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2645" xlink:to="label2645"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PrepaymentPenaltiesIncomeFromMezzanineLoanRepaymentMember" xlink:label="element2646"/>
<label xlink:type="resource" xlink:label="label2646" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PrepaymentPenaltiesIncomeFromMezzanineLoanRepaymentMember_en-US"> Prepayment Penalties Income From Mezzanine Loan Repayment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2646" xlink:to="label2646"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PrepaymentPenaltiesIncomeFromMezzanineLoanRepaymentMember" xlink:label="element2647"/>
<label xlink:type="resource" xlink:label="label2647" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_PrepaymentPenaltiesIncomeFromMezzanineLoanRepaymentMember_en-US"> Income From Prepayment Penalties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2647" xlink:to="label2647"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncomeLineItems" xlink:label="element2648"/>
<label xlink:type="resource" xlink:label="label2648" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FeeAndOtherIncomeLineItems_en-US"> Fee And Other Income [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2648" xlink:to="label2648"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncomeLineItems" xlink:label="element2649"/>
<label xlink:type="resource" xlink:label="label2649" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FeeAndOtherIncomeLineItems_en-US"> Fee And Other Income [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2649" xlink:to="label2649"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncomeTable" xlink:label="element2650"/>
<label xlink:type="resource" xlink:label="label2650" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FeeAndOtherIncomeTable_en-US"> Fee And Other Income [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2650" xlink:to="label2650"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FeeAndOtherIncomeTable" xlink:label="element2651"/>
<label xlink:type="resource" xlink:label="label2651" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FeeAndOtherIncomeTable_en-US"> Fee And Other Income [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2651" xlink:to="label2651"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ParentCompanyIncludigMinorityPartnerMember" xlink:label="element2652"/>
<label xlink:type="resource" xlink:label="label2652" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ParentCompanyIncludigMinorityPartnerMember_en-US"> Parent Company Includig Minority Partner [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2652" xlink:to="label2652"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ParentCompanyIncludigMinorityPartnerMember" xlink:label="element2653"/>
<label xlink:type="resource" xlink:label="label2653" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ParentCompanyIncludigMinorityPartnerMember_en-US"> Parent Company Includig Minority Partner [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2653" xlink:to="label2653"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WriteOffOfStraightLiningOfRent" xlink:label="element2654"/>
<label xlink:type="resource" xlink:label="label2654" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WriteOffOfStraightLiningOfRent_en-US"> Write Off Of Straight Lining Of Rent </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2654" xlink:to="label2654"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WriteOffOfStraightLiningOfRent" xlink:label="element2655"/>
<label xlink:type="resource" xlink:label="label2655" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WriteOffOfStraightLiningOfRent_en-US"> Write Off Of Straight Lining Of Rent </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2655" xlink:to="label2655"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VariableInterestEntityConsolidatedCarryingAmountNoncontrollingInterest" xlink:label="element2656"/>
<label xlink:type="resource" xlink:label="label2656" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VariableInterestEntityConsolidatedCarryingAmountNoncontrollingInterest_en-US"> Variable Interest Entity Consolidated Carrying Amount Noncontrolling Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2656" xlink:to="label2656"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VariableInterestEntityConsolidatedCarryingAmountNoncontrollingInterest" xlink:label="element2657"/>
<label xlink:type="resource" xlink:label="label2657" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_VariableInterestEntityConsolidatedCarryingAmountNoncontrollingInterest_en-US"> The carrying amount of the consolidated non-controlling interest included in the reporting entity's statement of financial position. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2657" xlink:to="label2657"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IndependencePlazaAndWarnerBuildingMember" xlink:label="element2658"/>
<label xlink:type="resource" xlink:label="label2658" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IndependencePlazaAndWarnerBuildingMember_en-US"> Independence Plaza And Warner Building [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2658" xlink:to="label2658"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IndependencePlazaAndWarnerBuildingMember" xlink:label="element2659"/>
<label xlink:type="resource" xlink:label="label2659" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IndependencePlazaAndWarnerBuildingMember_en-US"> Independence Plaza And Warner Building [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2659" xlink:to="label2659"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SaleOfOwnershipInterestPercent" xlink:label="element2660"/>
<label xlink:type="resource" xlink:label="label2660" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SaleOfOwnershipInterestPercent_en-US"> Sale Of Ownership Interest Percent </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2660" xlink:to="label2660"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SaleOfOwnershipInterestPercent" xlink:label="element2661"/>
<label xlink:type="resource" xlink:label="label2661" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SaleOfOwnershipInterestPercent_en-US"> ale Of Ownership Interest Percent in real estate property sold. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2661" xlink:to="label2661"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GalleryAtMarketStreetMember" xlink:label="element2662"/>
<label xlink:type="resource" xlink:label="label2662" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_GalleryAtMarketStreetMember_en-US"> Gallery At Market Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2662" xlink:to="label2662"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GalleryAtMarketStreetMember" xlink:label="element2663"/>
<label xlink:type="resource" xlink:label="label2663" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_GalleryAtMarketStreetMember_en-US"> Gallery At Market Street Property. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2663" xlink:to="label2663"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TampaFloridaMember" xlink:label="element2664"/>
<label xlink:type="resource" xlink:label="label2664" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TampaFloridaMember_en-US"> Tampa Florida [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2664" xlink:to="label2664"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TampaFloridaMember" xlink:label="element2665"/>
<label xlink:type="resource" xlink:label="label2665" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TampaFloridaMember_en-US"> Property at Tampa Florida. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2665" xlink:to="label2665"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork1800ParkAvenueMember" xlink:label="element2666"/>
<label xlink:type="resource" xlink:label="label2666" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYork1800ParkAvenueMember_en-US"> New York 1800 Park Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2666" xlink:to="label2666"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork1800ParkAvenueMember" xlink:label="element2667"/>
<label xlink:type="resource" xlink:label="label2667" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYork1800ParkAvenueMember_en-US"> Property at Harlem Park New York 1800 Park Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2667" xlink:to="label2667"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfParticipationInMortgageInterestSold" xlink:label="element2668"/>
<label xlink:type="resource" xlink:label="label2668" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PercentageOfParticipationInMortgageInterestSold_en-US"> Percentage Of Participation In Mortgage Interest Sold </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2668" xlink:to="label2668"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfParticipationInMortgageInterestSold" xlink:label="element2669"/>
<label xlink:type="resource" xlink:label="label2669" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PercentageOfParticipationInMortgageInterestSold_en-US"> This element represents the percentage of interest in mortgage interest / mezzanine loan sold for a consideration. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2669" xlink:to="label2669"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ProceedsFromSaleOfParticipationInMortgageLoanReceivable" xlink:label="element2670"/>
<label xlink:type="resource" xlink:label="label2670" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ProceedsFromSaleOfParticipationInMortgageLoanReceivable_en-US"> Proceeds From Sale Of Participation In Mortgage Loan Receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2670" xlink:to="label2670"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ProceedsFromSaleOfParticipationInMortgageLoanReceivable" xlink:label="element2671"/>
<label xlink:type="resource" xlink:label="label2671" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ProceedsFromSaleOfParticipationInMortgageLoanReceivable_en-US"> The cash inflow resulting from the sale of participation in a mortgage loan receivable to a third party. The transfer of the participation right does not qualify as a sale due to continuing invlovement. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2671" xlink:to="label2671"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ProceedsFromCollectionOfNotesReceivableIncludingPrepaymentPenalty" xlink:label="element2672"/>
<label xlink:type="resource" xlink:label="label2672" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ProceedsFromCollectionOfNotesReceivableIncludingPrepaymentPenalty_en-US"> Proceeds From Collection Of Notes Receivable Including Prepayment Penalty </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2672" xlink:to="label2672"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherMezzanineLoanMember" xlink:label="element2673"/>
<label xlink:type="resource" xlink:label="label2673" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherMezzanineLoanMember_en-US"> Other Mezzanine Loan [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2673" xlink:to="label2673"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherMezzanineLoanMember" xlink:label="element2674"/>
<label xlink:type="resource" xlink:label="label2674" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherMezzanineLoanMember_en-US"> All other mezzanine and mortgage loans not listed specifically. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2674" xlink:to="label2674"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ProRataShareOfNonConsolidatedSubsidiariesOciMember" xlink:label="element2675"/>
<label xlink:type="resource" xlink:label="label2675" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ProRataShareOfNonConsolidatedSubsidiariesOciMember_en-US"> Pro Rata Share Of Non Consolidated Subsidiaries Oci [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2675" xlink:to="label2675"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ProRataShareOfNonConsolidatedSubsidiariesOciMember" xlink:label="element2676"/>
<label xlink:type="resource" xlink:label="label2676" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ProRataShareOfNonConsolidatedSubsidiariesOciMember_en-US"> Pro-rata share of non consolidated subsidiaries' OCI </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2676" xlink:to="label2676"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcSkylinePropertiesSeniorPositionMember" xlink:label="element2677"/>
<label xlink:type="resource" xlink:label="label2677" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcSkylinePropertiesSeniorPositionMember_en-US"> Washington Dc Skyline Properties Senior Position [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2677" xlink:to="label2677"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcSkylinePropertiesSeniorPositionMember" xlink:label="element2678"/>
<label xlink:type="resource" xlink:label="label2678" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcSkylinePropertiesSeniorPositionMember_en-US"> Washington Dc Skyline Properties Senior Position mortgage. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2678" xlink:to="label2678"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcSkylinePropertiesJuniorPositionMember" xlink:label="element2679"/>
<label xlink:type="resource" xlink:label="label2679" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcSkylinePropertiesJuniorPositionMember_en-US"> Washington Dc Skyline Properties Junior Position [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2679" xlink:to="label2679"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcSkylinePropertiesJuniorPositionMember" xlink:label="element2680"/>
<label xlink:type="resource" xlink:label="label2680" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcSkylinePropertiesJuniorPositionMember_en-US"> Washington Dc Skyline Properties Junior Position mortgage. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2680" xlink:to="label2680"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainOnSaleOfRealEstateMember" xlink:label="element2681"/>
<label xlink:type="resource" xlink:label="label2681" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetGainOnSaleOfRealEstateMember_en-US"> Net Gain On Sale Of Real Estate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2681" xlink:to="label2681"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainOnSaleOfRealEstateMember" xlink:label="element2682"/>
<label xlink:type="resource" xlink:label="label2682" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NetGainOnSaleOfRealEstateMember_en-US"> Increase or decrease in EBITDA due to gains or losses on sale of real estate. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2682" xlink:to="label2682"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LitigationSettlementIncomeMember" xlink:label="element2683"/>
<label xlink:type="resource" xlink:label="label2683" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LitigationSettlementIncomeMember_en-US"> Litigation Settlement Income [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2683" xlink:to="label2683"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LitigationSettlementIncomeMember" xlink:label="element2684"/>
<label xlink:type="resource" xlink:label="label2684" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LitigationSettlementIncomeMember_en-US"> This element represents EBITDA from the settlement of litigation. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2684" xlink:to="label2684"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeExcludingSkylinePropertiesMember" xlink:label="element2685"/>
<label xlink:type="resource" xlink:label="label2685" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcOfficeExcludingSkylinePropertiesMember_en-US"> Washington Dc Office Excluding Skyline Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2685" xlink:to="label2685"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcOfficeExcludingSkylinePropertiesMember" xlink:label="element2686"/>
<label xlink:type="resource" xlink:label="label2686" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcOfficeExcludingSkylinePropertiesMember_en-US"> Washington Dc Office Excluding Skyline Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2686" xlink:to="label2686"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcResidentialPropertyMember" xlink:label="element2687"/>
<label xlink:type="resource" xlink:label="label2687" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_WashingtonDcResidentialPropertyMember_en-US"> Washington Dc Residential Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2687" xlink:to="label2687"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_WashingtonDcResidentialPropertyMember" xlink:label="element2688"/>
<label xlink:type="resource" xlink:label="label2688" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_WashingtonDcResidentialPropertyMember_en-US"> Washington Dc Residential Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2688" xlink:to="label2688"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartDiscontinuedOperationsMember" xlink:label="element2689"/>
<label xlink:type="resource" xlink:label="label2689" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MerchandiseMartDiscontinuedOperationsMember_en-US"> Merchandise Mart Discontinued Operations [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2689" xlink:to="label2689"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MerchandiseMartDiscontinuedOperationsMember" xlink:label="element2690"/>
<label xlink:type="resource" xlink:label="label2690" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MerchandiseMartDiscontinuedOperationsMember_en-US"> Merchandise Mart Discontinued Operations [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2690" xlink:to="label2690"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestOnNotesReceivable" xlink:label="element2691"/>
<label xlink:type="resource" xlink:label="label2691" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InterestOnNotesReceivable_en-US"> Interest On Notes Receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2691" xlink:to="label2691"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestOnNotesReceivable" xlink:label="element2692"/>
<label xlink:type="resource" xlink:label="label2692" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InterestOnNotesReceivable_en-US"> Interest on mezzanine loans receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2692" xlink:to="label2692"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestOnNotesReceivable" xlink:label="element2693"/>
<label xlink:type="resource" xlink:label="label2693" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_InterestOnNotesReceivable_en-US"> Interest on mezzanine loans receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2693" xlink:to="label2693"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainLossOnInvestmentInDeferredCompensationPlan" xlink:label="element2694"/>
<label xlink:type="resource" xlink:label="label2694" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_GainLossOnInvestmentInDeferredCompensationPlan_en-US"> Gain Loss On Investment In Deferred Compensation Plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2694" xlink:to="label2694"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainLossOnInvestmentInDeferredCompensationPlan" xlink:label="element2695"/>
<label xlink:type="resource" xlink:label="label2695" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_GainLossOnInvestmentInDeferredCompensationPlan_en-US"> Gain Loss On Investment In Deferred Compensation Plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2695" xlink:to="label2695"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainLossOnInvestmentInDeferredCompensationPlan" xlink:label="element2696"/>
<label xlink:type="resource" xlink:label="label2696" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_GainLossOnInvestmentInDeferredCompensationPlan_en-US"> Mark-to-market of investments in our deferred compensation plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2696" xlink:to="label2696"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeFromPrepaymentPenaltiesOnNotesReceivable" xlink:label="element2697"/>
<label xlink:type="resource" xlink:label="label2697" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeFromPrepaymentPenaltiesOnNotesReceivable_en-US"> Income From Prepayment Penalties On Notes Receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2697" xlink:to="label2697"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeFromPrepaymentPenaltiesOnNotesReceivable" xlink:label="element2698"/>
<label xlink:type="resource" xlink:label="label2698" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IncomeFromPrepaymentPenaltiesOnNotesReceivable_en-US"> Income From Prepayment Penalties On Notes Receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2698" xlink:to="label2698"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeFromPrepaymentPenaltiesOnNotesReceivable" xlink:label="element2699"/>
<label xlink:type="resource" xlink:label="label2699" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_IncomeFromPrepaymentPenaltiesOnNotesReceivable_en-US"> Income from prepayment penalties in connection with the repayment of a mezzanine loan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2699" xlink:to="label2699"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OmnibusSharePlan2014Member" xlink:label="element2700"/>
<label xlink:type="resource" xlink:label="label2700" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OmnibusSharePlan2014Member_en-US"> Omnibus Share Plan 2014 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2700" xlink:to="label2700"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OmnibusSharePlan2014Member" xlink:label="element2701"/>
<label xlink:type="resource" xlink:label="label2701" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OmnibusSharePlan2014Member_en-US"> Omnibus Share Plan 2014 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2701" xlink:to="label2701"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfFirstPerformanceMeasurementPeriod" xlink:label="element2702"/>
<label xlink:type="resource" xlink:label="label2702" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DurationOfFirstPerformanceMeasurementPeriod_en-US"> Duration Of First Performance Measurement Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2702" xlink:to="label2702"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfFirstPerformanceMeasurementPeriod" xlink:label="element2703"/>
<label xlink:type="resource" xlink:label="label2703" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DurationOfFirstPerformanceMeasurementPeriod_en-US"> The first period of time during which the performance of the stock will be evaluated to calculate the earning of the stock based awards. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2703" xlink:to="label2703"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfSecondPerformanceMeasurementPeriod" xlink:label="element2704"/>
<label xlink:type="resource" xlink:label="label2704" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DurationOfSecondPerformanceMeasurementPeriod_en-US"> Duration Of Second Performance Measurement Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2704" xlink:to="label2704"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfSecondPerformanceMeasurementPeriod" xlink:label="element2705"/>
<label xlink:type="resource" xlink:label="label2705" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DurationOfSecondPerformanceMeasurementPeriod_en-US"> The second period of time during which the performance of the stock will be evaluated to calculate the earning of the stock based awards. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2705" xlink:to="label2705"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ManagmentAndDevelopmentAgreementAbstract" xlink:label="element2706"/>
<label xlink:type="resource" xlink:label="label2706" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ManagmentAndDevelopmentAgreementAbstract_en-US"> Managment And Development Agreement [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2706" xlink:to="label2706"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PropertyManagementFeeAgreementPercentageOfIncome" xlink:label="element2707"/>
<label xlink:type="resource" xlink:label="label2707" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PropertyManagementFeeAgreementPercentageOfIncome_en-US"> Property Management Fee Agreement Percentage Of Income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2707" xlink:to="label2707"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PropertyManagementFeeAgreementPercentageOfIncome" xlink:label="element2708"/>
<label xlink:type="resource" xlink:label="label2708" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PropertyManagementFeeAgreementPercentageOfIncome_en-US"> Percentage of income from property, received from the related party as property management fees. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2708" xlink:to="label2708"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PropertyManagementFeeAgreementPricePerSquareFoot" xlink:label="element2709"/>
<label xlink:type="resource" xlink:label="label2709" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PropertyManagementFeeAgreementPricePerSquareFoot_en-US"> Property Management Fee Agreement Price Per Square Foot </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2709" xlink:to="label2709"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PropertyManagementFeeAgreementPricePerSquareFoot" xlink:label="element2710"/>
<label xlink:type="resource" xlink:label="label2710" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PropertyManagementFeeAgreementPricePerSquareFoot_en-US"> Amount per square foot received from related party as property management fee. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2710" xlink:to="label2710"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegoPark2PropertyMember" xlink:label="element2711"/>
<label xlink:type="resource" xlink:label="label2711" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RegoPark2PropertyMember_en-US"> Rego Park 2 Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2711" xlink:to="label2711"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RegoPark2PropertyMember" xlink:label="element2712"/>
<label xlink:type="resource" xlink:label="label2712" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RegoPark2PropertyMember_en-US"> Rego Park 2 Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2712" xlink:to="label2712"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommonArea731LexingtonAvenueMember" xlink:label="element2713"/>
<label xlink:type="resource" xlink:label="label2713" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CommonArea731LexingtonAvenueMember_en-US"> Common Area 731 Lexington Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2713" xlink:to="label2713"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CommonArea731LexingtonAvenueMember" xlink:label="element2714"/>
<label xlink:type="resource" xlink:label="label2714" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CommonArea731LexingtonAvenueMember_en-US"> Common Area 731 Lexington Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2714" xlink:to="label2714"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeasingAgreementAbstract" xlink:label="element2715"/>
<label xlink:type="resource" xlink:label="label2715" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LeasingAgreementAbstract_en-US"> Leasing Agreement [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2715" xlink:to="label2715"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseFeePercentageOfRentOneToTenYears" xlink:label="element2716"/>
<label xlink:type="resource" xlink:label="label2716" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LeaseFeePercentageOfRentOneToTenYears_en-US"> Lease Fee Percentage Of Rent One To Ten Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2716" xlink:to="label2716"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseFeePercentageOfRentOneToTenYears" xlink:label="element2717"/>
<label xlink:type="resource" xlink:label="label2717" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LeaseFeePercentageOfRentOneToTenYears_en-US"> Percentage of rent receivable from related party for leasing services for the first ten years of the lease. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2717" xlink:to="label2717"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseFeePercentageOfRentElevenToTwentyYears" xlink:label="element2718"/>
<label xlink:type="resource" xlink:label="label2718" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LeaseFeePercentageOfRentElevenToTwentyYears_en-US"> Lease Fee Percentage Of Rent Eleven To Twenty Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2718" xlink:to="label2718"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseFeePercentageOfRentElevenToTwentyYears" xlink:label="element2719"/>
<label xlink:type="resource" xlink:label="label2719" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LeaseFeePercentageOfRentElevenToTwentyYears_en-US"> Percentage of rent receivable from related party for leasing services for the eleventh through twentieth years of the lease. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2719" xlink:to="label2719"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseFeePercentageOfRentTwentyFirstToThirtyYears" xlink:label="element2720"/>
<label xlink:type="resource" xlink:label="label2720" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LeaseFeePercentageOfRentTwentyFirstToThirtyYears_en-US"> Lease Fee Percentage Of Rent Twenty First To Thirty Years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2720" xlink:to="label2720"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeaseFeePercentageOfRentTwentyFirstToThirtyYears" xlink:label="element2721"/>
<label xlink:type="resource" xlink:label="label2721" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LeaseFeePercentageOfRentTwentyFirstToThirtyYears_en-US"> Percentage of rent receivable from related party for leasing services for the twenty-first through thirtieth years of the lease. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2721" xlink:to="label2721"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageIncreaseLeaseFeeIfBrokerUsed" xlink:label="element2722"/>
<label xlink:type="resource" xlink:label="label2722" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PercentageIncreaseLeaseFeeIfBrokerUsed_en-US"> Percentage Increase Lease Fee If Broker Used </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2722" xlink:to="label2722"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageIncreaseLeaseFeeIfBrokerUsed" xlink:label="element2723"/>
<label xlink:type="resource" xlink:label="label2723" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PercentageIncreaseLeaseFeeIfBrokerUsed_en-US"> Percentage of increase in leasing services fee receivable from related party if a real estate broker is used. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2723" xlink:to="label2723"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageCommissionsOnSaleOfAssetsUnderFiftyMillion" xlink:label="element2724"/>
<label xlink:type="resource" xlink:label="label2724" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PercentageCommissionsOnSaleOfAssetsUnderFiftyMillion_en-US"> Percentage Commissions On Sale Of Assets Under Fifty Million </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2724" xlink:to="label2724"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageCommissionsOnSaleOfAssetsUnderFiftyMillion" xlink:label="element2725"/>
<label xlink:type="resource" xlink:label="label2725" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PercentageCommissionsOnSaleOfAssetsUnderFiftyMillion_en-US"> Percentage of gross proceeds under $50,000,000 from the sale of any assets, receivable from related party. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2725" xlink:to="label2725"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageCommissionsOnSaleOfAssetsOverFiftyMillion" xlink:label="element2726"/>
<label xlink:type="resource" xlink:label="label2726" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PercentageCommissionsOnSaleOfAssetsOverFiftyMillion_en-US"> Percentage Commissions On Sale Of Assets Over Fifty Million </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2726" xlink:to="label2726"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageCommissionsOnSaleOfAssetsOverFiftyMillion" xlink:label="element2727"/>
<label xlink:type="resource" xlink:label="label2727" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PercentageCommissionsOnSaleOfAssetsOverFiftyMillion_en-US"> Percentage of gross proceeds over $50,000,000 from the sale of any assets, receivable from related party. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2727" xlink:to="label2727"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherAgreementsAbstract" xlink:label="element2728"/>
<label xlink:type="resource" xlink:label="label2728" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherAgreementsAbstract_en-US"> Other Agreements [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2728" xlink:to="label2728"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherSupervisoryFeesPercent" xlink:label="element2729"/>
<label xlink:type="resource" xlink:label="label2729" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherSupervisoryFeesPercent_en-US"> Other Supervisory Fees Percent </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2729" xlink:to="label2729"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherSupervisoryFeesPercent" xlink:label="element2730"/>
<label xlink:type="resource" xlink:label="label2730" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherSupervisoryFeesPercent_en-US"> The fee charged to supervise cleaning, engineering and security services in addition to its costs. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2730" xlink:to="label2730"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfStoryInOfficeTower" xlink:label="element2731"/>
<label xlink:type="resource" xlink:label="label2731" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfStoryInOfficeTower_en-US"> Number Of Story In Office Tower </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2731" xlink:to="label2731"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfStoryInOfficeTower" xlink:label="element2732"/>
<label xlink:type="resource" xlink:label="label2732" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfStoryInOfficeTower_en-US"> This element represents Number Of Story In Office Tower </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2732" xlink:to="label2732"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2014AndRelativeComponentMember" xlink:label="element2733"/>
<label xlink:type="resource" xlink:label="label2733" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlan2014AndRelativeComponentMember_en-US"> Out Performance Plan 2014 And Relative Component [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2733" xlink:to="label2733"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2014AndRelativeComponentMember" xlink:label="element2734"/>
<label xlink:type="resource" xlink:label="label2734" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlan2014AndRelativeComponentMember_en-US"> Out Performance Plan 2014 And Relative Component. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2734" xlink:to="label2734"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2014AndAbsoluteComponentMember" xlink:label="element2735"/>
<label xlink:type="resource" xlink:label="label2735" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlan2014AndAbsoluteComponentMember_en-US"> Out Performance Plan 2014 And Absolute Component [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2735" xlink:to="label2735"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2014AndAbsoluteComponentMember" xlink:label="element2736"/>
<label xlink:type="resource" xlink:label="label2736" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlan2014AndAbsoluteComponentMember_en-US"> Out Performance Plan 2014 And Absolute Component. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2736" xlink:to="label2736"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2014Member" xlink:label="element2737"/>
<label xlink:type="resource" xlink:label="label2737" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlan2014Member_en-US"> Out Performance Plan 2014 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2737" xlink:to="label2737"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2014Member" xlink:label="element2738"/>
<label xlink:type="resource" xlink:label="label2738" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlan2014Member_en-US"> Out Performance Plan 2014. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2738" xlink:to="label2738"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherComprehensiveIncomeLossOtherNetOfTax" xlink:label="element2739"/>
<label xlink:type="resource" xlink:label="label2739" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_OtherComprehensiveIncomeLossOtherNetOfTax_en-US"> Other </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2739" xlink:to="label2739"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherComprehensiveIncomeLossOtherNetOfTax" xlink:label="element2740"/>
<label xlink:type="resource" xlink:label="label2740" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherComprehensiveIncomeLossOtherNetOfTax_en-US"> Other Comprehensive Income Loss Other Net Of Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2740" xlink:to="label2740"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherComprehensiveIncomeLossOtherNetOfTax" xlink:label="element2741"/>
<label xlink:type="resource" xlink:label="label2741" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherComprehensiveIncomeLossOtherNetOfTax_en-US"> After tax amount of all other adjustments to net income to arrive at other comprehensive income (loss) attributable to both parent entity and noncontrolling interest. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2741" xlink:to="label2741"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPartnersOwnershipInterestInRealEstateFund" xlink:label="element2742"/>
<label xlink:type="resource" xlink:label="label2742" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherPartnersOwnershipInterestInRealEstateFund_en-US"> Other Partners Ownership Interest In Real Estate Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2742" xlink:to="label2742"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPartnersOwnershipInterestInRealEstateFund" xlink:label="element2743"/>
<label xlink:type="resource" xlink:label="label2743" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherPartnersOwnershipInterestInRealEstateFund_en-US"> Other Partner's Ownership Interest In Real Estate Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2743" xlink:to="label2743"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPartnersOwnershipInterestInRealEstateFund" xlink:label="element2744"/>
<label xlink:type="resource" xlink:label="label2744" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_OtherPartnersOwnershipInterestInRealEstateFund_en-US"> Other Partners Ownership Interest In Real Estate Fund (in percentage) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2744" xlink:to="label2744"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndOtherInvestmentLossIncomeNet" xlink:label="element2745"/>
<label xlink:type="resource" xlink:label="label2745" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_InterestAndOtherInvestmentLossIncomeNet_en-US"> Interest And Other investment (Loss) Income Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2745" xlink:to="label2745"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndOtherInvestmentLossIncomeNet" xlink:label="element2746"/>
<label xlink:type="resource" xlink:label="label2746" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_InterestAndOtherInvestmentLossIncomeNet_en-US"> Interest and other investment income (loss), net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2746" xlink:to="label2746"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndOtherInvestmentLossIncomeNet" xlink:label="element2747"/>
<label xlink:type="resource" xlink:label="label2747" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_vno_InterestAndOtherInvestmentLossIncomeNet_en-US"> Interest and other investment (loss) income, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2747" xlink:to="label2747"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_InterestAndOtherInvestmentLossIncomeNet" xlink:label="element2748"/>
<label xlink:type="resource" xlink:label="label2748" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_InterestAndOtherInvestmentLossIncomeNet_en-US"> This element represents interest and other investment loss income net of tax incuding impairment losses, mark-to-market adjustments for derivatives or mark-to-market investments in deferred compensation. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2748" xlink:to="label2748"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstatePropertyRetailAndSignageCapitalLeaseAbstract" xlink:label="element2749"/>
<label xlink:type="resource" xlink:label="label2749" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstatePropertyRetailAndSignageCapitalLeaseAbstract_en-US"> Real Estate Property Retail And Signage Capital Lease [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2749" xlink:to="label2749"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstatePropertyRetailAndSignageCapitalLeaseAbstract" xlink:label="element2750"/>
<label xlink:type="resource" xlink:label="label2750" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RealEstatePropertyRetailAndSignageCapitalLeaseAbstract_en-US"> Marriott Marquis Times Square - retail and signage capital lease: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2750" xlink:to="label2750"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice443BroadwayMemberMember" xlink:label="element2751"/>
<label xlink:type="resource" xlink:label="label2751" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice443BroadwayMemberMember_en-US"> New York Office 443 Broadway [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2751" xlink:to="label2751"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice443BroadwayMemberMember" xlink:label="element2752"/>
<label xlink:type="resource" xlink:label="label2752" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice443BroadwayMemberMember_en-US"> New York Office 443 Broadway [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2752" xlink:to="label2752"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice3040MStreetMember" xlink:label="element2753"/>
<label xlink:type="resource" xlink:label="label2753" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice3040MStreetMember_en-US"> New York Office 3040 M Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2753" xlink:to="label2753"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice3040MStreetMember" xlink:label="element2754"/>
<label xlink:type="resource" xlink:label="label2754" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice3040MStreetMember_en-US"> New York Office 3040 M Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2754" xlink:to="label2754"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice267West34StreetMember" xlink:label="element2755"/>
<label xlink:type="resource" xlink:label="label2755" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice267West34StreetMember_en-US"> New York Office 267 West 34 Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2755" xlink:to="label2755"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice267West34StreetMember" xlink:label="element2756"/>
<label xlink:type="resource" xlink:label="label2756" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice267West34StreetMember_en-US"> New York Office 267 West 34 Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2756" xlink:to="label2756"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice267West34StreetMember" xlink:label="element2757"/>
<label xlink:type="resource" xlink:label="label2757" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NewYorkOffice267West34StreetMember_en-US"> New York Office 267 West 34th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2757" xlink:to="label2757"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice966ThirdAvenueMember" xlink:label="element2758"/>
<label xlink:type="resource" xlink:label="label2758" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice966ThirdAvenueMember_en-US"> New York Office 966 Third Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2758" xlink:to="label2758"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice966ThirdAvenueMember" xlink:label="element2759"/>
<label xlink:type="resource" xlink:label="label2759" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice966ThirdAvenueMember_en-US"> New York Office 966 Third Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2759" xlink:to="label2759"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfRevolvingCreditFacility" xlink:label="element2760"/>
<label xlink:type="resource" xlink:label="label2760" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfRevolvingCreditFacility_en-US"> Number Of Revolving Credit Facility </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2760" xlink:to="label2760"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfRevolvingCreditFacility" xlink:label="element2761"/>
<label xlink:type="resource" xlink:label="label2761" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfRevolvingCreditFacility_en-US"> Number Of Revolving Credit Facility </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2761" xlink:to="label2761"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfRevolvingCreditFacility" xlink:label="element2762"/>
<label xlink:type="resource" xlink:label="label2762" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_NumberOfRevolvingCreditFacility_en-US"> Number Of Revolving Credit Facilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2762" xlink:to="label2762"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExtensionExecutedOnNumberOfRevolvingCreditFacility" xlink:label="element2763"/>
<label xlink:type="resource" xlink:label="label2763" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ExtensionExecutedOnNumberOfRevolvingCreditFacility_en-US"> Extension Executed On Number Of Revolving Credit Facility </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2763" xlink:to="label2763"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ExtensionExecutedOnNumberOfRevolvingCreditFacility" xlink:label="element2764"/>
<label xlink:type="resource" xlink:label="label2764" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ExtensionExecutedOnNumberOfRevolvingCreditFacility_en-US"> Extension Executed On Number Of Revolving Credit Facility </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2764" xlink:to="label2764"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateAccumulatedDepreciationBeforeAccumulatedDepreciationOnAssetSoldAndWrittenOff" xlink:label="element2765"/>
<label xlink:type="resource" xlink:label="label2765" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RealEstateAccumulatedDepreciationBeforeAccumulatedDepreciationOnAssetSoldAndWrittenOff_en-US"> Real Estate Accumulated Depreciation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2765" xlink:to="label2765"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateAccumulatedDepreciationBeforeAccumulatedDepreciationOnAssetSoldAndWrittenOff" xlink:label="element2766"/>
<label xlink:type="resource" xlink:label="label2766" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateAccumulatedDepreciationBeforeAccumulatedDepreciationOnAssetSoldAndWrittenOff_en-US"> Real Estate Accumulated Depreciation Before Accumulated Depreciation On Asset Sold And Written Off </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2766" xlink:to="label2766"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateAccumulatedDepreciationBeforeAccumulatedDepreciationOnAssetSoldAndWrittenOff" xlink:label="element2767"/>
<label xlink:type="resource" xlink:label="label2767" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RealEstateAccumulatedDepreciationBeforeAccumulatedDepreciationOnAssetSoldAndWrittenOff_en-US"> The subtotal of accumulated depreciation balance excluding accumulated depreciation on assets sold and write-off of accumulated depreciation on fully depreciated assets. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2767" xlink:to="label2767"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TenantBuyOutsMember" xlink:label="element2768"/>
<label xlink:type="resource" xlink:label="label2768" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TenantBuyOutsMember_en-US"> Tenant Buy Outs [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2768" xlink:to="label2768"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TenantBuyOutsMember" xlink:label="element2769"/>
<label xlink:type="resource" xlink:label="label2769" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TenantBuyOutsMember_en-US"> Tenant Buy Outs [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2769" xlink:to="label2769"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentDifferenceExcessOfUnderlyingEquityOverCarryingAmount" xlink:label="element2770"/>
<label xlink:type="resource" xlink:label="label2770" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityMethodInvestmentDifferenceExcessOfUnderlyingEquityOverCarryingAmount_en-US"> Equity Method Investment, Difference Excess Of Underlying Equity Over Carrying Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2770" xlink:to="label2770"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentDifferenceExcessOfUnderlyingEquityOverCarryingAmount" xlink:label="element2771"/>
<label xlink:type="resource" xlink:label="label2771" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EquityMethodInvestmentDifferenceExcessOfUnderlyingEquityOverCarryingAmount_en-US"> This element represents Equity Method Investment, Difference Excess Of Underlying Equity Over Carrying Amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2771" xlink:to="label2771"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2013Member" xlink:label="element2772"/>
<label xlink:type="resource" xlink:label="label2772" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlan2013Member_en-US"> Out Performance Plan 2013 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2772" xlink:to="label2772"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2013Member" xlink:label="element2773"/>
<label xlink:type="resource" xlink:label="label2773" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlan2013Member_en-US"> Out Performance Plan 2013 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2773" xlink:to="label2773"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CuyahogaCountyMember" xlink:label="element2774"/>
<label xlink:type="resource" xlink:label="label2774" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CuyahogaCountyMember_en-US"> Cuyahoga County [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2774" xlink:to="label2774"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CuyahogaCountyMember" xlink:label="element2775"/>
<label xlink:type="resource" xlink:label="label2775" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CuyahogaCountyMember_en-US"> Cuyahoga County [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2775" xlink:to="label2775"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainOnSaleOfMarketableSecuritiesLandParcelsAndResidentialCondominimumsMember" xlink:label="element2776"/>
<label xlink:type="resource" xlink:label="label2776" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetGainOnSaleOfMarketableSecuritiesLandParcelsAndResidentialCondominimumsMember_en-US"> Net Gain On Sale Of Marketable Securities Land Parcels And Residential Condominimums [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2776" xlink:to="label2776"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetGainOnSaleOfMarketableSecuritiesLandParcelsAndResidentialCondominimumsMember" xlink:label="element2777"/>
<label xlink:type="resource" xlink:label="label2777" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NetGainOnSaleOfMarketableSecuritiesLandParcelsAndResidentialCondominimumsMember_en-US"> Net Gain On Sale Of Marketable Securities Land Parcels And Residential Condominimums </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2777" xlink:to="label2777"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LossOnSaleOfJCPenneyCommonSharesMember" xlink:label="element2778"/>
<label xlink:type="resource" xlink:label="label2778" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LossOnSaleOfJCPenneyCommonSharesMember_en-US"> Loss On Sale Of J C Penney Common Shares [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2778" xlink:to="label2778"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LossOnSaleOfJCPenneyCommonSharesMember" xlink:label="element2779"/>
<label xlink:type="resource" xlink:label="label2779" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LossOnSaleOfJCPenneyCommonSharesMember_en-US"> Loss On Sale Of J C Penney Common Shares [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2779" xlink:to="label2779"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateBeforeRealEstateSoldAndWrittenOff" xlink:label="element2780"/>
<label xlink:type="resource" xlink:label="label2780" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RealEstateBeforeRealEstateSoldAndWrittenOff_en-US"> Gross real estate balance at year end </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2780" xlink:to="label2780"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateBeforeRealEstateSoldAndWrittenOff" xlink:label="element2781"/>
<label xlink:type="resource" xlink:label="label2781" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RealEstateBeforeRealEstateSoldAndWrittenOff_en-US"> Real Estate Before Real Estate Sold And Written Off </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2781" xlink:to="label2781"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RealEstateBeforeRealEstateSoldAndWrittenOff" xlink:label="element2782"/>
<label xlink:type="resource" xlink:label="label2782" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RealEstateBeforeRealEstateSoldAndWrittenOff_en-US"> This element represents the gross total of real estate asset balance before assets sold and write-off of fully depreciated assets. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2782" xlink:to="label2782"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeBeforeIncomeTaxesAndImpairmentsMember" xlink:label="element2783"/>
<label xlink:type="resource" xlink:label="label2783" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_IncomeBeforeIncomeTaxesAndImpairmentsMember_en-US"> Income Before Income Taxes And Impairments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2783" xlink:to="label2783"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_IncomeBeforeIncomeTaxesAndImpairmentsMember" xlink:label="element2784"/>
<label xlink:type="resource" xlink:label="label2784" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_IncomeBeforeIncomeTaxesAndImpairmentsMember_en-US"> Income Before Income Taxes And Impairments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2784" xlink:to="label2784"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AssetSaleCommissionThreshold" xlink:label="element2785"/>
<label xlink:type="resource" xlink:label="label2785" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AssetSaleCommissionThreshold_en-US"> Asset Sale Commission Threshold </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2785" xlink:to="label2785"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AssetSaleCommissionThreshold" xlink:label="element2786"/>
<label xlink:type="resource" xlink:label="label2786" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AssetSaleCommissionThreshold_en-US"> Asset Sale Commission Threshold </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2786" xlink:to="label2786"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2012Member" xlink:label="element2787"/>
<label xlink:type="resource" xlink:label="label2787" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlan2012Member_en-US"> Out Performance Plan 2012 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2787" xlink:to="label2787"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2012Member" xlink:label="element2788"/>
<label xlink:type="resource" xlink:label="label2788" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlan2012Member_en-US"> Out Performance Plan 2013 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2788" xlink:to="label2788"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardComponentTypeAxis" xlink:label="element2789"/>
<label xlink:type="resource" xlink:label="label2789" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardComponentTypeAxis_en-US"> Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Component Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2789" xlink:to="label2789"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardComponentTypeAxis" xlink:label="element2790"/>
<label xlink:type="resource" xlink:label="label2790" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardComponentTypeAxis_en-US"> Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Component Type [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2790" xlink:to="label2790"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardComponentTypeDomain" xlink:label="element2791"/>
<label xlink:type="resource" xlink:label="label2791" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardComponentTypeDomain_en-US"> Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Component Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2791" xlink:to="label2791"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardComponentTypeDomain" xlink:label="element2792"/>
<label xlink:type="resource" xlink:label="label2792" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardComponentTypeDomain_en-US"> Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Component Type [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2792" xlink:to="label2792"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AbsoluteMember" xlink:label="element2793"/>
<label xlink:type="resource" xlink:label="label2793" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AbsoluteMember_en-US"> Absolute [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2793" xlink:to="label2793"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AbsoluteMember" xlink:label="element2794"/>
<label xlink:type="resource" xlink:label="label2794" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AbsoluteMember_en-US"> Absolute Component [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2794" xlink:to="label2794"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RelativeMember" xlink:label="element2795"/>
<label xlink:type="resource" xlink:label="label2795" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RelativeMember_en-US"> Relative [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2795" xlink:to="label2795"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RelativeMember" xlink:label="element2796"/>
<label xlink:type="resource" xlink:label="label2796" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RelativeMember_en-US"> Relative [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2796" xlink:to="label2796"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RequiredShareholderReturnPerTwoYear" xlink:label="element2797"/>
<label xlink:type="resource" xlink:label="label2797" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RequiredShareholderReturnPerTwoYear_en-US"> Required Shareholder Return Per Two Year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2797" xlink:to="label2797"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RequiredShareholderReturnPerTwoYear" xlink:label="element2798"/>
<label xlink:type="resource" xlink:label="label2798" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RequiredShareholderReturnPerTwoYear_en-US"> Minimum percentage of shareholder return per two year before any payout is made under the out performance plan. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2798" xlink:to="label2798"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfTaxableIncomeDistributed" xlink:label="element2799"/>
<label xlink:type="resource" xlink:label="label2799" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PercentageOfTaxableIncomeDistributed_en-US"> Percentage Of Taxable Income Distributed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2799" xlink:to="label2799"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PercentageOfTaxableIncomeDistributed" xlink:label="element2800"/>
<label xlink:type="resource" xlink:label="label2800" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PercentageOfTaxableIncomeDistributed_en-US"> This element describes the percentage of taxable income that the company has distributed to its shareholders as dividends. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2800" xlink:to="label2800"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnsecuredDebtAndRevolvingCreditFacility" xlink:label="element2801"/>
<label xlink:type="resource" xlink:label="label2801" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnsecuredDebtAndRevolvingCreditFacility_en-US"> Unsecured Debt And Revolving Credit Facility </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2801" xlink:to="label2801"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnsecuredDebtAndRevolvingCreditFacility" xlink:label="element2802"/>
<label xlink:type="resource" xlink:label="label2802" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnsecuredDebtAndRevolvingCreditFacility_en-US"> This element represents the toal amount of Unsecured Debt And Revolving Credit Facility. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2802" xlink:to="label2802"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentOfAssetAxis" xlink:label="element2803"/>
<label xlink:type="resource" xlink:label="label2803" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ImpairmentOfAssetAxis_en-US"> Impairment In Value Of Asset [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2803" xlink:to="label2803"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentOfAssetAxis" xlink:label="element2804"/>
<label xlink:type="resource" xlink:label="label2804" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ImpairmentOfAssetAxis_en-US"> Impairment Of Asset [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2804" xlink:to="label2804"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentOfAssetAxis" xlink:label="element2805"/>
<label xlink:type="resource" xlink:label="label2805" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ImpairmentOfAssetAxis_en-US"> This axis reprents the various types of impairment in value of assets. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2805" xlink:to="label2805"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentOfAssetDomain" xlink:label="element2806"/>
<label xlink:type="resource" xlink:label="label2806" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ImpairmentOfAssetDomain_en-US"> Impairment In Value Of Asset [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2806" xlink:to="label2806"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentOfAssetDomain" xlink:label="element2807"/>
<label xlink:type="resource" xlink:label="label2807" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ImpairmentOfAssetDomain_en-US"> Impairment Of Asset [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2807" xlink:to="label2807"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ImpairmentOfAssetDomain" xlink:label="element2808"/>
<label xlink:type="resource" xlink:label="label2808" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ImpairmentOfAssetDomain_en-US"> This domain reprents the various types of impairment in value of assets. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2808" xlink:to="label2808"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherNonOperatingSegmentsMember" xlink:label="element2809"/>
<label xlink:type="resource" xlink:label="label2809" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherNonOperatingSegmentsMember_en-US"> Other Non Operating Segments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2809" xlink:to="label2809"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherNonOperatingSegmentsMember" xlink:label="element2810"/>
<label xlink:type="resource" xlink:label="label2810" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherNonOperatingSegmentsMember_en-US"> Component of an entity that provides financial and operational oversight and administrative support for other segments and other segments not separately reported due to size or nature of business activities. Also includes intersegment elimination and reconciling items. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2810" xlink:to="label2810"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailGeorgetownParkMember" xlink:label="element2811"/>
<label xlink:type="resource" xlink:label="label2811" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailGeorgetownParkMember_en-US"> Retail Georgetown Park [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2811" xlink:to="label2811"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailGeorgetownParkMember" xlink:label="element2812"/>
<label xlink:type="resource" xlink:label="label2812" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailGeorgetownParkMember_en-US"> Georgetown Park [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2812" xlink:to="label2812"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SaleOfInvestmentsPercentage" xlink:label="element2813"/>
<label xlink:type="resource" xlink:label="label2813" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SaleOfInvestmentsPercentage_en-US"> Sale Of Investments Percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2813" xlink:to="label2813"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SaleOfInvestmentsPercentage" xlink:label="element2814"/>
<label xlink:type="resource" xlink:label="label2814" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SaleOfInvestmentsPercentage_en-US"> Percentage of investments sold </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2814" xlink:to="label2814"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PreviouslyRecordedUnrealizedGainsOnExitedInvestments" xlink:label="element2815"/>
<label xlink:type="resource" xlink:label="label2815" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PreviouslyRecordedUnrealizedGainsOnExitedInvestments_en-US"> Previously Recorded Unrealized Gains On Exited Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2815" xlink:to="label2815"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PreviouslyRecordedUnrealizedGainsOnExitedInvestments" xlink:label="element2816"/>
<label xlink:type="resource" xlink:label="label2816" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PreviouslyRecordedUnrealizedGainsOnExitedInvestments_en-US"> This element represents previously recorded unrealized gains on exited investments. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2816" xlink:to="label2816"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PreviouslyRecordedUnrealizedGainsOnExitedInvestments" xlink:label="element2817"/>
<label xlink:type="resource" xlink:label="label2817" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_PreviouslyRecordedUnrealizedGainsOnExitedInvestments_en-US"> Previously recorded unrealized gains on exited investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2817" xlink:to="label2817"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentOwnershipAdditionalInvestment" xlink:label="element2818"/>
<label xlink:type="resource" xlink:label="label2818" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityMethodInvestmentOwnershipAdditionalInvestment_en-US"> Equity Method Investment Ownership Additional Investment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2818" xlink:to="label2818"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EstimatedDevelopmentCost" xlink:label="element2819"/>
<label xlink:type="resource" xlink:label="label2819" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EstimatedDevelopmentCost_en-US"> Estimated Development Cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2819" xlink:to="label2819"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EstimatedDevelopmentCost" xlink:label="element2820"/>
<label xlink:type="resource" xlink:label="label2820" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EstimatedDevelopmentCost_en-US"> Estimated total cost for proposed development. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2820" xlink:to="label2820"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SixtyOneNinthAvenuePropertyMember" xlink:label="element2821"/>
<label xlink:type="resource" xlink:label="label2821" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SixtyOneNinthAvenuePropertyMember_en-US"> Sixty One Ninth Avenue Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2821" xlink:to="label2821"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SixtyOneNinthAvenuePropertyMember" xlink:label="element2822"/>
<label xlink:type="resource" xlink:label="label2822" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SixtyOneNinthAvenuePropertyMember_en-US"> Sixty One Ninth Avenue Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2822" xlink:to="label2822"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonAvenue715RetailMember" xlink:label="element2823"/>
<label xlink:type="resource" xlink:label="label2823" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_LexingtonAvenue715RetailMember_en-US"> New York Office 715 Lexington Avenue [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2823" xlink:to="label2823"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonAvenue715RetailMember" xlink:label="element2824"/>
<label xlink:type="resource" xlink:label="label2824" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LexingtonAvenue715RetailMember_en-US"> Lexington Avenue 715 Retail [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2824" xlink:to="label2824"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LexingtonAvenue715RetailMember" xlink:label="element2825"/>
<label xlink:type="resource" xlink:label="label2825" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LexingtonAvenue715RetailMember_en-US"> Lexington Avenue 715 Retail [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2825" xlink:to="label2825"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StRegisHotelMember" xlink:label="element2826"/>
<label xlink:type="resource" xlink:label="label2826" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_StRegisHotelMember_en-US"> St Regis Hotel [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2826" xlink:to="label2826"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StRegisHotelMember" xlink:label="element2827"/>
<label xlink:type="resource" xlink:label="label2827" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_StRegisHotelMember_en-US"> St Regis Hotel [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2827" xlink:to="label2827"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtMaturityBeginningPeriod" xlink:label="element2828"/>
<label xlink:type="resource" xlink:label="label2828" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DebtMaturityBeginningPeriod_en-US"> Debt Maturity Beginning Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2828" xlink:to="label2828"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtMaturityBeginningPeriod" xlink:label="element2829"/>
<label xlink:type="resource" xlink:label="label2829" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DebtMaturityBeginningPeriod_en-US"> This element represents debt maturity beginning period of loan. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2829" xlink:to="label2829"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfOfficeBuildings" xlink:label="element2830"/>
<label xlink:type="resource" xlink:label="label2830" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfOfficeBuildings_en-US"> Number Of Office Buildings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2830" xlink:to="label2830"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfOfficeBuildings" xlink:label="element2831"/>
<label xlink:type="resource" xlink:label="label2831" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfOfficeBuildings_en-US"> Number Of Office Buildings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2831" xlink:to="label2831"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StandbyCommitmentMember" xlink:label="element2832"/>
<label xlink:type="resource" xlink:label="label2832" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_StandbyCommitmentMember_en-US"> Standby Commitment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2832" xlink:to="label2832"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_StandbyCommitmentMember" xlink:label="element2833"/>
<label xlink:type="resource" xlink:label="label2833" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_StandbyCommitmentMember_en-US"> Standby Commitment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2833" xlink:to="label2833"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OfficeAndRetailPropertyMember" xlink:label="element2834"/>
<label xlink:type="resource" xlink:label="label2834" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OfficeAndRetailPropertyMember_en-US"> Office and Retail Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2834" xlink:to="label2834"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OfficeAndRetailPropertyMember" xlink:label="element2835"/>
<label xlink:type="resource" xlink:label="label2835" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OfficeAndRetailPropertyMember_en-US"> Office and Retail Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2835" xlink:to="label2835"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesDue2019Member" xlink:label="element2836"/>
<label xlink:type="resource" xlink:label="label2836" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorUnsecuredNotesDue2019Member_en-US"> Senior Unsecured Notes Due 2019 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2836" xlink:to="label2836"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesDue2019Member" xlink:label="element2837"/>
<label xlink:type="resource" xlink:label="label2837" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorUnsecuredNotesDue2019Member_en-US"> Senior Unsecured Notes Due 2019 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2837" xlink:to="label2837"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentIssuancePricePercentage" xlink:label="element2838"/>
<label xlink:type="resource" xlink:label="label2838" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DebtInstrumentIssuancePricePercentage_en-US"> Debt Instrument Issuance Price Percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2838" xlink:to="label2838"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentIssuancePricePercentage" xlink:label="element2839"/>
<label xlink:type="resource" xlink:label="label2839" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DebtInstrumentIssuancePricePercentage_en-US"> Percentage price of original principal amount of debt at which the debt was issued by the issuer. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2839" xlink:to="label2839"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesSevenPointsEightSevenFivePercentMember" xlink:label="element2840"/>
<label xlink:type="resource" xlink:label="label2840" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorUnsecuredNotesSevenPointsEightSevenFivePercentMember_en-US"> Senior Unsecured Notes Seven Points Eight Seven Five Percent [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2840" xlink:to="label2840"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesSevenPointsEightSevenFivePercentMember" xlink:label="element2841"/>
<label xlink:type="resource" xlink:label="label2841" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorUnsecuredNotesSevenPointsEightSevenFivePercentMember_en-US"> Senior Unsecured Notes Seven Points Eight Seven Five Percent </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2841" xlink:to="label2841"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesSevenPointsEightSevenFivePercentMember" xlink:label="element2842"/>
<label xlink:type="resource" xlink:label="label2842" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SeniorUnsecuredNotesSevenPointsEightSevenFivePercentMember_en-US"> Senior Unsecured Notes 7.875% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2842" xlink:to="label2842"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesFourPointsTwoFivePercentMember" xlink:label="element2843"/>
<label xlink:type="resource" xlink:label="label2843" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorUnsecuredNotesFourPointsTwoFivePercentMember_en-US"> Senior Unsecured Notes Four Points Two Five Percent [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2843" xlink:to="label2843"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesFourPointsTwoFivePercentMember" xlink:label="element2844"/>
<label xlink:type="resource" xlink:label="label2844" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorUnsecuredNotesFourPointsTwoFivePercentMember_en-US"> Senior Unsecured Notes Four Points Two Five Percent [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2844" xlink:to="label2844"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorUnsecuredNotesFourPointsTwoFivePercentMember" xlink:label="element2845"/>
<label xlink:type="resource" xlink:label="label2845" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SeniorUnsecuredNotesFourPointsTwoFivePercentMember_en-US"> Senior Unsecured Notes 4.25% [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2845" xlink:to="label2845"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateOriginal" xlink:label="element2846"/>
<label xlink:type="resource" xlink:label="label2846" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DebtInstrumentMaturityDateOriginal_en-US"> Debt Instrument Maturity Date Original </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2846" xlink:to="label2846"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateOriginal" xlink:label="element2847"/>
<label xlink:type="resource" xlink:label="label2847" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DebtInstrumentMaturityDateOriginal_en-US"> Date the original debt was scheduled to mature in string format. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2847" xlink:to="label2847"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateNew" xlink:label="element2848"/>
<label xlink:type="resource" xlink:label="label2848" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DebtInstrumentMaturityDateNew_en-US"> Debt Instrument Maturity Date New </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2848" xlink:to="label2848"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DebtInstrumentMaturityDateNew" xlink:label="element2849"/>
<label xlink:type="resource" xlink:label="label2849" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DebtInstrumentMaturityDateNew_en-US"> Date the new debt was scheduled to mature in string format. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2849" xlink:to="label2849"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfInvestmentsHeldByFund" xlink:label="element2850"/>
<label xlink:type="resource" xlink:label="label2850" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfInvestmentsHeldByFund_en-US"> Number Of Investments Held By Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2850" xlink:to="label2850"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfInvestmentsHeldByFund" xlink:label="element2851"/>
<label xlink:type="resource" xlink:label="label2851" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfInvestmentsHeldByFund_en-US"> Number Of Investments Held By Fund during the year. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2851" xlink:to="label2851"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UrbanEdgePropertiesMember" xlink:label="element2852"/>
<label xlink:type="resource" xlink:label="label2852" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UrbanEdgePropertiesMember_en-US"> Urban Edge Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2852" xlink:to="label2852"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UrbanEdgePropertiesMember" xlink:label="element2853"/>
<label xlink:type="resource" xlink:label="label2853" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UrbanEdgePropertiesMember_en-US"> The name of the new company created during spin off. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2853" xlink:to="label2853"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoRealtyLpMember" xlink:label="element2854"/>
<label xlink:type="resource" xlink:label="label2854" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VornadoRealtyLpMember_en-US"> Vornado Realty L.P. [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2854" xlink:to="label2854"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoRealtyLpMember" xlink:label="element2855"/>
<label xlink:type="resource" xlink:label="label2855" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_VornadoRealtyLpMember_en-US"> The name of operating parternship of Vornado. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2855" xlink:to="label2855"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AssetImpairmentLoanLossReserve" xlink:label="element2856"/>
<label xlink:type="resource" xlink:label="label2856" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AssetImpairmentLoanLossReserve_en-US"> Asset Impairment Loan Loss Reserve </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2856" xlink:to="label2856"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AssetImpairmentLoanLossReserve" xlink:label="element2857"/>
<label xlink:type="resource" xlink:label="label2857" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AssetImpairmentLoanLossReserve_en-US"> Asset Impairment Loan Loss Reserve </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2857" xlink:to="label2857"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SuffolkDownsRaceTrackAndAdjecentLandMember" xlink:label="element2858"/>
<label xlink:type="resource" xlink:label="label2858" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SuffolkDownsRaceTrackAndAdjecentLandMember_en-US"> Suffolk Downs Race Track And Adjecent Land [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2858" xlink:to="label2858"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SuffolkDownsRaceTrackAndAdjecentLandMember" xlink:label="element2859"/>
<label xlink:type="resource" xlink:label="label2859" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SuffolkDownsRaceTrackAndAdjecentLandMember_en-US"> Suffolk Downs Race Track And Adjecent Land [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2859" xlink:to="label2859"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SuffolkDownsRaceTrackAndAdjecentLandMember" xlink:label="element2860"/>
<label xlink:type="resource" xlink:label="label2860" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SuffolkDownsRaceTrackAndAdjecentLandMember_en-US"> Suffolk Downs [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2860" xlink:to="label2860"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransactionCostsSpinOff" xlink:label="element2861"/>
<label xlink:type="resource" xlink:label="label2861" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TransactionCostsSpinOff_en-US"> Transaction Costs Spin Off </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2861" xlink:to="label2861"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransactionCostsSpinOff" xlink:label="element2862"/>
<label xlink:type="resource" xlink:label="label2862" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TransactionCostsSpinOff_en-US"> This element represents the cost related to transactions costs. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2862" xlink:to="label2862"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LoansReceivableCommercialMortgageTenure" xlink:label="element2863"/>
<label xlink:type="resource" xlink:label="label2863" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LoansReceivableCommercialMortgageTenure_en-US"> Loans Receivable Commercial Mortgage Tenure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2863" xlink:to="label2863"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LoansReceivableCommercialMortgageTenure" xlink:label="element2864"/>
<label xlink:type="resource" xlink:label="label2864" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LoansReceivableCommercialMortgageTenure_en-US"> This element represents maturity tenure of mortgage loan receivable. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2864" xlink:to="label2864"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LoansReceivableCommercialMortgageTenure" xlink:label="element2865"/>
<label xlink:type="resource" xlink:label="label2865" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_LoansReceivableCommercialMortgageTenure_en-US"> Mortgage loan receivable maturity tenure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2865" xlink:to="label2865"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailAndOtherSegmentPropertiesMember" xlink:label="element2866"/>
<label xlink:type="resource" xlink:label="label2866" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RetailAndOtherSegmentPropertiesMember_en-US"> Retail And Other Segment Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2866" xlink:to="label2866"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RetailAndOtherSegmentPropertiesMember" xlink:label="element2867"/>
<label xlink:type="resource" xlink:label="label2867" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RetailAndOtherSegmentPropertiesMember_en-US"> Retail And Other Segment Properties [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2867" xlink:to="label2867"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PennsyleveniaRealEstateInvestmentTrustMember" xlink:label="element2868"/>
<label xlink:type="resource" xlink:label="label2868" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PennsyleveniaRealEstateInvestmentTrustMember_en-US"> Pennsylevenia Real Estate Investment Trust [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2868" xlink:to="label2868"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PennsyleveniaRealEstateInvestmentTrustMember" xlink:label="element2869"/>
<label xlink:type="resource" xlink:label="label2869" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PennsyleveniaRealEstateInvestmentTrustMember_en-US"> Pennsylevenia Real Estate Investment Trust </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2869" xlink:to="label2869"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OperatingPartnershipUnitsValueReceivedFromBuyer" xlink:label="element2870"/>
<label xlink:type="resource" xlink:label="label2870" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OperatingPartnershipUnitsValueReceivedFromBuyer_en-US"> Operating Partnership Units Value Received From Buyer </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2870" xlink:to="label2870"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OperatingPartnershipUnitsValueReceivedFromBuyer" xlink:label="element2871"/>
<label xlink:type="resource" xlink:label="label2871" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OperatingPartnershipUnitsValueReceivedFromBuyer_en-US"> Operating Partnership Units Value Received From Buyer </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2871" xlink:to="label2871"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransferOfNoncontrollingInterest" xlink:label="element2872"/>
<label xlink:type="resource" xlink:label="label2872" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TransferOfNoncontrollingInterest_en-US"> Transfer Of Noncontrolling Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2872" xlink:to="label2872"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransferOfNoncontrollingInterest" xlink:label="element2873"/>
<label xlink:type="resource" xlink:label="label2873" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TransferOfNoncontrollingInterest_en-US"> The amount represents the non-cash distribution and the transfer of noncontrolling interest partners equity interest in a consolidated subsidiary upon deconsolidation. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2873" xlink:to="label2873"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransferOfNoncontrollingInterest" xlink:label="element2874"/>
<label xlink:type="resource" xlink:label="label2874" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_TransferOfNoncontrollingInterest_en-US"> Transfer of noncontrolling interest in Real Estate Fund </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2874" xlink:to="label2874"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PrepaymentOfMezzanineLoanReceivable" xlink:label="element2875"/>
<label xlink:type="resource" xlink:label="label2875" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PrepaymentOfMezzanineLoanReceivable_en-US"> Prepayment Of Mezzanine Loan Receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2875" xlink:to="label2875"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PrepaymentOfMezzanineLoanReceivable" xlink:label="element2876"/>
<label xlink:type="resource" xlink:label="label2876" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PrepaymentOfMezzanineLoanReceivable_en-US"> The cash inflow associated with principal repayment from a borrowing supported by a written promise to pay an obligation. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2876" xlink:to="label2876"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CenterBuildingMember" xlink:label="element2877"/>
<label xlink:type="resource" xlink:label="label2877" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CenterBuildingMember_en-US"> Center Building [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2877" xlink:to="label2877"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CenterBuildingMember" xlink:label="element2878"/>
<label xlink:type="resource" xlink:label="label2878" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CenterBuildingMember_en-US"> Name of the property is Center Building located in Long Island, NY </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2878" xlink:to="label2878"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeasePercentageOfProperty" xlink:label="element2879"/>
<label xlink:type="resource" xlink:label="label2879" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_LeasePercentageOfProperty_en-US"> Lease Percentage Of Property </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2879" xlink:to="label2879"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_LeasePercentageOfProperty" xlink:label="element2880"/>
<label xlink:type="resource" xlink:label="label2880" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_LeasePercentageOfProperty_en-US"> This element represents percentage of property leased. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2880" xlink:to="label2880"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2015Member" xlink:label="element2881"/>
<label xlink:type="resource" xlink:label="label2881" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OutPerformancePlan2015Member_en-US"> Out Performance Plan 2015 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2881" xlink:to="label2881"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OutPerformancePlan2015Member" xlink:label="element2882"/>
<label xlink:type="resource" xlink:label="label2882" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OutPerformancePlan2015Member_en-US"> Out Performance Plan 2015. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2882" xlink:to="label2882"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfPerformanceMeasurementPeriod" xlink:label="element2883"/>
<label xlink:type="resource" xlink:label="label2883" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DurationOfPerformanceMeasurementPeriod_en-US"> Duration Of Performance Measurement Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2883" xlink:to="label2883"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfPerformanceMeasurementPeriod" xlink:label="element2884"/>
<label xlink:type="resource" xlink:label="label2884" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DurationOfPerformanceMeasurementPeriod_en-US"> The period of time during which the performance of the stock will be evaluated to calculate the earning of the stock based awards. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2884" xlink:to="label2884"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfThirdPerformanceMeasurementPeriod" xlink:label="element2885"/>
<label xlink:type="resource" xlink:label="label2885" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DurationOfThirdPerformanceMeasurementPeriod_en-US"> Duration Of Third Performance Measurement Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2885" xlink:to="label2885"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfThirdPerformanceMeasurementPeriod" xlink:label="element2886"/>
<label xlink:type="resource" xlink:label="label2886" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DurationOfThirdPerformanceMeasurementPeriod_en-US"> The third period of time during which the performance of the stock will be evaluated to calculate the earning of the stock based awards. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2886" xlink:to="label2886"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueAssumptionsSalesOfComparableCompanies" xlink:label="element2887"/>
<label xlink:type="resource" xlink:label="label2887" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FairValueAssumptionsSalesOfComparableCompanies_en-US"> Fair Value Assumptions Sales Of Comparable Companies </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2887" xlink:to="label2887"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueAssumptionsSalesOfComparableCompanies" xlink:label="element2888"/>
<label xlink:type="resource" xlink:label="label2888" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FairValueAssumptionsSalesOfComparableCompanies_en-US"> Fair Value Assumptions, Sales Of Comparable Companies </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2888" xlink:to="label2888"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueAssumptionsSalesOfComparableCompanies" xlink:label="element2889"/>
<label xlink:type="resource" xlink:label="label2889" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FairValueAssumptionsSalesOfComparableCompanies_en-US"> Fair Value Assumptions, Sales Of Comparable Companies (in US Dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2889" xlink:to="label2889"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FinancialProjectionsPeriod" xlink:label="element2890"/>
<label xlink:type="resource" xlink:label="label2890" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FinancialProjectionsPeriod_en-US"> Financial Projections Period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2890" xlink:to="label2890"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FinancialProjectionsPeriod" xlink:label="element2891"/>
<label xlink:type="resource" xlink:label="label2891" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FinancialProjectionsPeriod_en-US"> This element represents financial projections period. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2891" xlink:to="label2891"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueInputsTaxRate" xlink:label="element2892"/>
<label xlink:type="resource" xlink:label="label2892" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FairValueInputsTaxRate_en-US"> Fair Value Inputs Tax Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2892" xlink:to="label2892"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueInputsTaxRate" xlink:label="element2893"/>
<label xlink:type="resource" xlink:label="label2893" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FairValueInputsTaxRate_en-US"> Deferred tax rate used to calculate the present value of an amount to be paid or received in the future as an input to measure fair value. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2893" xlink:to="label2893"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueAssumptionsExpirationPeriods" xlink:label="element2894"/>
<label xlink:type="resource" xlink:label="label2894" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FairValueAssumptionsExpirationPeriods_en-US"> Fair Value Assumptions Expiration Periods </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2894" xlink:to="label2894"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueAssumptionsExpirationPeriods" xlink:label="element2895"/>
<label xlink:type="resource" xlink:label="label2895" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FairValueAssumptionsExpirationPeriods_en-US"> Duration of expiration periods used in calculating valuation analysis. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2895" xlink:to="label2895"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ComparableSalesMethodologyMember" xlink:label="element2896"/>
<label xlink:type="resource" xlink:label="label2896" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ComparableSalesMethodologyMember_en-US"> Comparable Sales Methodology [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2896" xlink:to="label2896"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ComparableSalesMethodologyMember" xlink:label="element2897"/>
<label xlink:type="resource" xlink:label="label2897" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ComparableSalesMethodologyMember_en-US"> Sales approach valuation technique used to measure fair value. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2897" xlink:to="label2897"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DiscountedCashFlowMethodologyMember" xlink:label="element2898"/>
<label xlink:type="resource" xlink:label="label2898" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DiscountedCashFlowMethodologyMember_en-US"> Discounted Cash Flow Methodology [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2898" xlink:to="label2898"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DiscountedCashFlowMethodologyMember" xlink:label="element2899"/>
<label xlink:type="resource" xlink:label="label2899" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DiscountedCashFlowMethodologyMember_en-US"> Discounted cash flow approach valuation technique used to measure fair value. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2899" xlink:to="label2899"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_BlackScholesValuationAnalysisMember" xlink:label="element2900"/>
<label xlink:type="resource" xlink:label="label2900" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_BlackScholesValuationAnalysisMember_en-US"> Black Scholes Valuation Analysis [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2900" xlink:to="label2900"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_BlackScholesValuationAnalysisMember" xlink:label="element2901"/>
<label xlink:type="resource" xlink:label="label2901" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_BlackScholesValuationAnalysisMember_en-US"> Black-Scholes Valuation approach valuation technique used to measure fair value. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2901" xlink:to="label2901"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesFAndSeriesHPreferredStockMember" xlink:label="element2902"/>
<label xlink:type="resource" xlink:label="label2902" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeriesFAndSeriesHPreferredStockMember_en-US"> Series F And Series H Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2902" xlink:to="label2902"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeriesFAndSeriesHPreferredStockMember" xlink:label="element2903"/>
<label xlink:type="resource" xlink:label="label2903" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeriesFAndSeriesHPreferredStockMember_en-US"> Series F And Series H Preferred Stock [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2903" xlink:to="label2903"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JointVenturePartnershipPercent" xlink:label="element2904"/>
<label xlink:type="resource" xlink:label="label2904" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_JointVenturePartnershipPercent_en-US"> Joint Venture Partnership Percent </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2904" xlink:to="label2904"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JointVenturePartnershipPercent" xlink:label="element2905"/>
<label xlink:type="resource" xlink:label="label2905" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_JointVenturePartnershipPercent_en-US"> This element represents Joint Venture Partnership Percent. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2905" xlink:to="label2905"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherChangesInAccumulatedComprehensiveIncomeLossMember" xlink:label="element2906"/>
<label xlink:type="resource" xlink:label="label2906" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_OtherChangesInAccumulatedComprehensiveIncomeLossMember_en-US"> Other [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2906" xlink:to="label2906"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherChangesInAccumulatedComprehensiveIncomeLossMember" xlink:label="element2907"/>
<label xlink:type="resource" xlink:label="label2907" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherChangesInAccumulatedComprehensiveIncomeLossMember_en-US"> Other Changes In Accumulated Comprehensive Income Loss [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2907" xlink:to="label2907"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherChangesInAccumulatedComprehensiveIncomeLossMember" xlink:label="element2908"/>
<label xlink:type="resource" xlink:label="label2908" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherChangesInAccumulatedComprehensiveIncomeLossMember_en-US"> Other Changes In Accumulated Comprehensive Income Loss [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2908" xlink:to="label2908"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfUnconsolidatedVariableInterestEntities" xlink:label="element2909"/>
<label xlink:type="resource" xlink:label="label2909" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfUnconsolidatedVariableInterestEntities_en-US"> Number Of Unconsolidated Variable Interest Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2909" xlink:to="label2909"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfUnconsolidatedVariableInterestEntities" xlink:label="element2910"/>
<label xlink:type="resource" xlink:label="label2910" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfUnconsolidatedVariableInterestEntities_en-US"> Number Of Unconsolidated Variable Interest Entities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2910" xlink:to="label2910"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TermOfManagementAgreement" xlink:label="element2911"/>
<label xlink:type="resource" xlink:label="label2911" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TermOfManagementAgreement_en-US"> Term Of Management Agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2911" xlink:to="label2911"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TermOfManagementAgreement" xlink:label="element2912"/>
<label xlink:type="resource" xlink:label="label2912" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TermOfManagementAgreement_en-US"> Renewal Term Of Management Agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2912" xlink:to="label2912"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PeriodAllowedForTerminationOfAutomaticRenewalOfManagementAgreement" xlink:label="element2913"/>
<label xlink:type="resource" xlink:label="label2913" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PeriodAllowedForTerminationOfAutomaticRenewalOfManagementAgreement_en-US"> Period Allowed For Termination Of Automatic Renewal Of Management Agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2913" xlink:to="label2913"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PeriodAllowedForTerminationOfAutomaticRenewalOfManagementAgreement" xlink:label="element2914"/>
<label xlink:type="resource" xlink:label="label2914" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PeriodAllowedForTerminationOfAutomaticRenewalOfManagementAgreement_en-US"> Maximum Period Allowed For Termination Of Automatic Renewal Of Management Agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2914" xlink:to="label2914"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PreferredUnitDistributionsOfOperatingPartnershipMember" xlink:label="element2915"/>
<label xlink:type="resource" xlink:label="label2915" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_PreferredUnitDistributionsOfOperatingPartnershipMember_en-US"> Preferred Unit Distributions Of Operating Partnership [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2915" xlink:to="label2915"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_PreferredUnitDistributionsOfOperatingPartnershipMember" xlink:label="element2916"/>
<label xlink:type="resource" xlink:label="label2916" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_PreferredUnitDistributionsOfOperatingPartnershipMember_en-US"> Preferred Unit Distributions Of Operating Partnership [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2916" xlink:to="label2916"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnrealizedGainsOnExitedInvestmentsMember" xlink:label="element2917"/>
<label xlink:type="resource" xlink:label="label2917" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UnrealizedGainsOnExitedInvestmentsMember_en-US"> Unrealized Gains On Exited Investments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2917" xlink:to="label2917"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnrealizedGainsOnExitedInvestmentsMember" xlink:label="element2918"/>
<label xlink:type="resource" xlink:label="label2918" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_UnrealizedGainsOnExitedInvestmentsMember_en-US"> Net realized gains [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2918" xlink:to="label2918"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UnrealizedGainsOnExitedInvestmentsMember" xlink:label="element2919"/>
<label xlink:type="resource" xlink:label="label2919" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UnrealizedGainsOnExitedInvestmentsMember_en-US"> Unrealized Gains On Exited Investments [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2919" xlink:to="label2919"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConvertibleSeniorDebenture363Due2026Member" xlink:label="element2920"/>
<label xlink:type="resource" xlink:label="label2920" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ConvertibleSeniorDebenture363Due2026Member_en-US"> Convertible Senior Debenture 363 Due 2026 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2920" xlink:to="label2920"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConvertibleSeniorDebenture363Due2026Member" xlink:label="element2921"/>
<label xlink:type="resource" xlink:label="label2921" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ConvertibleSeniorDebenture363Due2026Member_en-US"> Convertible Senior Debenture 3.63% Due 2026 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2921" xlink:to="label2921"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ConvertibleSeniorDebenture363Due2026Member" xlink:label="element2922"/>
<label xlink:type="resource" xlink:label="label2922" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ConvertibleSeniorDebenture363Due2026Member_en-US"> Convertible Senior Debenture 3.63% Due 2026 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2922" xlink:to="label2922"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfLoanTranches" xlink:label="element2923"/>
<label xlink:type="resource" xlink:label="label2923" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfLoanTranches_en-US"> Number Of Loan Tranches </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2923" xlink:to="label2923"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfLoanTranches" xlink:label="element2924"/>
<label xlink:type="resource" xlink:label="label2924" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfLoanTranches_en-US"> Number Of Loan Tranches </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2924" xlink:to="label2924"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndMortgagesPayableFixedRateSeniorPositionMember" xlink:label="element2925"/>
<label xlink:type="resource" xlink:label="label2925" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NotesAndMortgagesPayableFixedRateSeniorPositionMember_en-US"> Notes And Mortgages Payable Fixed Rate Senior Position [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2925" xlink:to="label2925"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndMortgagesPayableFixedRateSeniorPositionMember" xlink:label="element2926"/>
<label xlink:type="resource" xlink:label="label2926" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NotesAndMortgagesPayableFixedRateSeniorPositionMember_en-US"> Notes And Mortgages Payable Fixed Rate Senior Position [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2926" xlink:to="label2926"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndMortgagesPayableFixedRateJuniorPositionMember" xlink:label="element2927"/>
<label xlink:type="resource" xlink:label="label2927" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NotesAndMortgagesPayableFixedRateJuniorPositionMember_en-US"> Notes And Mortgages Payable Fixed Rate Junior Position [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2927" xlink:to="label2927"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NotesAndMortgagesPayableFixedRateJuniorPositionMember" xlink:label="element2928"/>
<label xlink:type="resource" xlink:label="label2928" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NotesAndMortgagesPayableFixedRateJuniorPositionMember_en-US"> Notes And Mortgages Payable Fixed Rate Junior Position [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2928" xlink:to="label2928"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CrownePlazaTimeSquareHotelMember" xlink:label="element2929"/>
<label xlink:type="resource" xlink:label="label2929" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CrownePlazaTimeSquareHotelMember_en-US"> Crowne Plaza Time Square Hotel [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2929" xlink:to="label2929"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CrownePlazaTimeSquareHotelMember" xlink:label="element2930"/>
<label xlink:type="resource" xlink:label="label2930" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CrownePlazaTimeSquareHotelMember_en-US"> Crowne Plaza Time Square Hotel [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2930" xlink:to="label2930"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EightyFiveTenthAvenuePropertyMember" xlink:label="element2931"/>
<label xlink:type="resource" xlink:label="label2931" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EightyFiveTenthAvenuePropertyMember_en-US"> Eighty Five Tenth Avenue Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2931" xlink:to="label2931"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EightyFiveTenthAvenuePropertyMember" xlink:label="element2932"/>
<label xlink:type="resource" xlink:label="label2932" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EightyFiveTenthAvenuePropertyMember_en-US"> Name of the property is Eighty Five Tenth Avenue. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2932" xlink:to="label2932"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EightyFiveTenthAvenuePropertyMember" xlink:label="element2933"/>
<label xlink:type="resource" xlink:label="label2933" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_EightyFiveTenthAvenuePropertyMember_en-US"> 85 Tenth Avenue Property [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2933" xlink:to="label2933"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JuniorMezzanineLoansMember" xlink:label="element2934"/>
<label xlink:type="resource" xlink:label="label2934" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_JuniorMezzanineLoansMember_en-US"> Junior Mezzanine Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2934" xlink:to="label2934"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JuniorMezzanineLoansMember" xlink:label="element2935"/>
<label xlink:type="resource" xlink:label="label2935" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_JuniorMezzanineLoansMember_en-US"> Junior Mezzanine Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2935" xlink:to="label2935"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorMezzanineLoansMember" xlink:label="element2936"/>
<label xlink:type="resource" xlink:label="label2936" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SeniorMezzanineLoansMember_en-US"> Senior Mezzanine Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2936" xlink:to="label2936"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SeniorMezzanineLoansMember" xlink:label="element2937"/>
<label xlink:type="resource" xlink:label="label2937" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SeniorMezzanineLoansMember_en-US"> Senior Mezzanine Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2937" xlink:to="label2937"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MinorityPartnersInterestInNotesReceivableGross" xlink:label="element2938"/>
<label xlink:type="resource" xlink:label="label2938" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MinorityPartnersInterestInNotesReceivableGross_en-US"> Minority Partners Interest In Notes Receivable Gross </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2938" xlink:to="label2938"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MinorityPartnersInterestInNotesReceivableGross" xlink:label="element2939"/>
<label xlink:type="resource" xlink:label="label2939" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MinorityPartnersInterestInNotesReceivableGross_en-US"> Minority Partners Interest In Notes Receivable Gross </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2939" xlink:to="label2939"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MinorityPartnersInterestInNotesReceivableGross" xlink:label="element2940"/>
<label xlink:type="resource" xlink:label="label2940" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MinorityPartnersInterestInNotesReceivableGross_en-US"> Minority Partners interest in mezzanine loans </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2940" xlink:to="label2940"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionPercentage" xlink:label="element2941"/>
<label xlink:type="resource" xlink:label="label2941" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionPercentage_en-US"> Acquisition, Development, And Construction Arrangements Purchase Option Percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2941" xlink:to="label2941"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionPercentage" xlink:label="element2942"/>
<label xlink:type="resource" xlink:label="label2942" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionPercentage_en-US"> This element represents options to acquire specified percent in property as per ASC 310-10-24-14, Acquisition, Development, and Construction Arrangements. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2942" xlink:to="label2942"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionPercentage" xlink:label="element2943"/>
<label xlink:type="resource" xlink:label="label2943" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionPercentage_en-US"> Option to purchase interests in property (in percent) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2943" xlink:to="label2943"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionConsiderationPayable" xlink:label="element2944"/>
<label xlink:type="resource" xlink:label="label2944" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionConsiderationPayable_en-US"> Acquisition, Development, And Construction Arrangements Purchase Option Consideration Payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2944" xlink:to="label2944"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionConsiderationPayable" xlink:label="element2945"/>
<label xlink:type="resource" xlink:label="label2945" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionConsiderationPayable_en-US"> This element represents consideration payable should entity choose to purchase property as per ASC 310-10-24-14, Acquisition, Development, and Construction Arrangements. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2945" xlink:to="label2945"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionConsiderationPayable" xlink:label="element2946"/>
<label xlink:type="resource" xlink:label="label2946" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_AcquisitionDevelopmentAndConstructionArrangementsPurchaseOptionConsiderationPayable_en-US"> Option to purchase interests in property, consideration payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2946" xlink:to="label2946"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JuniorAndSeniorMezzanineLoansMember" xlink:label="element2947"/>
<label xlink:type="resource" xlink:label="label2947" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_JuniorAndSeniorMezzanineLoansMember_en-US"> Junior And Senior Mezzanine Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2947" xlink:to="label2947"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_JuniorAndSeniorMezzanineLoansMember" xlink:label="element2948"/>
<label xlink:type="resource" xlink:label="label2948" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_JuniorAndSeniorMezzanineLoansMember_en-US"> Junior And Senior Mezzanine Loans [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2948" xlink:to="label2948"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CashConsiderationsTransferredDuringSpinOff" xlink:label="element2949"/>
<label xlink:type="resource" xlink:label="label2949" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CashConsiderationsTransferredDuringSpinOff_en-US"> Cash Considerations Transferred During Spin Off </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2949" xlink:to="label2949"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CashConsiderationsTransferredDuringSpinOff" xlink:label="element2950"/>
<label xlink:type="resource" xlink:label="label2950" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CashConsiderationsTransferredDuringSpinOff_en-US"> This amount represents Cash Considerations Transferred During Spin Off. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2950" xlink:to="label2950"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CashConsiderationsTransferredDuringSpinOff" xlink:label="element2951"/>
<label xlink:type="resource" xlink:label="label2951" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_CashConsiderationsTransferredDuringSpinOff_en-US"> Cash Considerations Transferred During Spin Off (in US Dollars) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2951" xlink:to="label2951"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfAdministrativeServices" xlink:label="element2952"/>
<label xlink:type="resource" xlink:label="label2952" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DurationOfAdministrativeServices_en-US"> Duration Of Administrative Services </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2952" xlink:to="label2952"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfAdministrativeServices" xlink:label="element2953"/>
<label xlink:type="resource" xlink:label="label2953" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DurationOfAdministrativeServices_en-US"> This element represents duration information technology, human resources, tax and public reporting services being provided to Urban Edge. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2953" xlink:to="label2953"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OneParkAvenueIndependencePlazaAndWarnerBuildingMember" xlink:label="element2954"/>
<label xlink:type="resource" xlink:label="label2954" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OneParkAvenueIndependencePlazaAndWarnerBuildingMember_en-US"> One Park Avenue, Independence Plaza, And Warner Building </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2954" xlink:to="label2954"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OneParkAvenueIndependencePlazaAndWarnerBuildingMember" xlink:label="element2955"/>
<label xlink:type="resource" xlink:label="label2955" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OneParkAvenueIndependencePlazaAndWarnerBuildingMember_en-US"> One Park Avenue, Independence Plaza, And Warner Building [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2955" xlink:to="label2955"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardOutPerformancePlanAwardHoldingPeriodAfterVesting" xlink:label="element2956"/>
<label xlink:type="resource" xlink:label="label2956" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_ShareBasedCompensationByShareBasedPaymentAwardOutPerformancePlanAwardHoldingPeriodAfterVesting_en-US"> Share Based Compensation By Share Based Payment Award Out Performance Plan Award Holding Period After Vesting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2956" xlink:to="label2956"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardOutPerformancePlanAwardHoldingPeriodAfterVesting" xlink:label="element2957"/>
<label xlink:type="resource" xlink:label="label2957" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_ShareBasedCompensationByShareBasedPaymentAwardOutPerformancePlanAwardHoldingPeriodAfterVesting_en-US"> This element represents required award holding period by executives after vesting. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2957" xlink:to="label2957"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_ShareBasedCompensationByShareBasedPaymentAwardOutPerformancePlanAwardHoldingPeriodAfterVesting" xlink:label="element2958"/>
<label xlink:type="resource" xlink:label="label2958" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_ShareBasedCompensationByShareBasedPaymentAwardOutPerformancePlanAwardHoldingPeriodAfterVesting_en-US"> Required award holding period after versing </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2958" xlink:to="label2958"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkStRegisHotelMember" xlink:label="element2959"/>
<label xlink:type="resource" xlink:label="label2959" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkStRegisHotelMember_en-US"> New York St. Regis Hotel [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2959" xlink:to="label2959"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkStRegisHotelMember" xlink:label="element2960"/>
<label xlink:type="resource" xlink:label="label2960" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkStRegisHotelMember_en-US"> New York St. Regis Hotel [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2960" xlink:to="label2960"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork7West34thStreetMember" xlink:label="element2961"/>
<label xlink:type="resource" xlink:label="label2961" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYork7West34thStreetMember_en-US"> New York 7 West 34th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2961" xlink:to="label2961"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYork7West34thStreetMember" xlink:label="element2962"/>
<label xlink:type="resource" xlink:label="label2962" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYork7West34thStreetMember_en-US"> New York 7 West 34th Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2962" xlink:to="label2962"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice304306CanalStreetMember" xlink:label="element2963"/>
<label xlink:type="resource" xlink:label="label2963" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOffice304306CanalStreetMember_en-US"> New York Office 304-306 Canal Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2963" xlink:to="label2963"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOffice304306CanalStreetMember" xlink:label="element2964"/>
<label xlink:type="resource" xlink:label="label2964" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOffice304306CanalStreetMember_en-US"> New York Office 304-306 Canal Street [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2964" xlink:to="label2964"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeOtherIncludingSignageMember" xlink:label="element2965"/>
<label xlink:type="resource" xlink:label="label2965" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NewYorkOfficeOtherIncludingSignageMember_en-US"> New York Office Other Including Signage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2965" xlink:to="label2965"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NewYorkOfficeOtherIncludingSignageMember" xlink:label="element2966"/>
<label xlink:type="resource" xlink:label="label2966" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NewYorkOfficeOtherIncludingSignageMember_en-US"> New York Office Other Including Signage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2966" xlink:to="label2966"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TotalDecember312014Member" xlink:label="element2967"/>
<label xlink:type="resource" xlink:label="label2967" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TotalDecember312014Member_en-US"> Total December 31, 2014 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2967" xlink:to="label2967"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TotalDecember312014Member" xlink:label="element2968"/>
<label xlink:type="resource" xlink:label="label2968" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TotalDecember312014Member_en-US"> Total December 31, 2014 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2968" xlink:to="label2968"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetRealizedAndUnrealizedGainOnRealEstateFundInvestments" xlink:label="element2969"/>
<label xlink:type="resource" xlink:label="label2969" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NetRealizedAndUnrealizedGainOnRealEstateFundInvestments_en-US"> Net Realized And Unrealized Gain On Real Estate Fund Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2969" xlink:to="label2969"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetRealizedAndUnrealizedGainOnRealEstateFundInvestments" xlink:label="element2970"/>
<label xlink:type="resource" xlink:label="label2970" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_NetRealizedAndUnrealizedGainOnRealEstateFundInvestments_en-US"> Net realized and unrealized gains on Real Estate Fund investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2970" xlink:to="label2970"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NetRealizedAndUnrealizedGainOnRealEstateFundInvestments" xlink:label="element2971"/>
<label xlink:type="resource" xlink:label="label2971" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NetRealizedAndUnrealizedGainOnRealEstateFundInvestments_en-US"> This element represents the realized and unrealized gains included in the earnings resulting from assets that are measured at fair value, that relate to the real estate funds assets. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2971" xlink:to="label2971"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DefeasanceCosts" xlink:label="element2972"/>
<label xlink:type="resource" xlink:label="label2972" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DefeasanceCosts_en-US"> Defeasance Costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2972" xlink:to="label2972"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DefeasanceCosts" xlink:label="element2973"/>
<label xlink:type="resource" xlink:label="label2973" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DefeasanceCosts_en-US"> Amount of noncash expense related to the legal defeasance of a mortgage loan payable. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2973" xlink:to="label2973"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DefeasanceCosts" xlink:label="element2974"/>
<label xlink:type="resource" xlink:label="label2974" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_DefeasanceCosts_en-US"> Defeasance cost in connection with the refinancing of mortgage notes payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2974" xlink:to="label2974"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarketableSecuritiesPurchasedInConnectionWithLegalDefeasance" xlink:label="element2975"/>
<label xlink:type="resource" xlink:label="label2975" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MarketableSecuritiesPurchasedInConnectionWithLegalDefeasance_en-US"> Marketable Securities Purchased In Connection With Legal Defeasance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2975" xlink:to="label2975"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarketableSecuritiesPurchasedInConnectionWithLegalDefeasance" xlink:label="element2976"/>
<label xlink:type="resource" xlink:label="label2976" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MarketableSecuritiesPurchasedInConnectionWithLegalDefeasance_en-US"> Cash outflow relating to purchase of marketable securities in connection with the legal defeasance of mortgage notes payable. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2976" xlink:to="label2976"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MarketableSecuritiesPurchasedInConnectionWithLegalDefeasance" xlink:label="element2977"/>
<label xlink:type="resource" xlink:label="label2977" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_MarketableSecuritiesPurchasedInConnectionWithLegalDefeasance_en-US"> Purchase of marketable securities in connection with the defeasance of mortgage notes payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2977" xlink:to="label2977"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransferOfMarketableSecuritiesInConnectionWithLegalDefeasanceOfMortgageLoan" xlink:label="element2978"/>
<label xlink:type="resource" xlink:label="label2978" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TransferOfMarketableSecuritiesInConnectionWithLegalDefeasanceOfMortgageLoan_en-US"> Transfer Of Marketable Securities In Connection With Legal Defeasance Of Mortgage Loan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2978" xlink:to="label2978"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransferOfMarketableSecuritiesInConnectionWithLegalDefeasanceOfMortgageLoan" xlink:label="element2979"/>
<label xlink:type="resource" xlink:label="label2979" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TransferOfMarketableSecuritiesInConnectionWithLegalDefeasanceOfMortgageLoan_en-US"> The amount represents the value of marketable securities transferred in connection with the legal defeasance of mortgage loan payable. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2979" xlink:to="label2979"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransferOfMarketableSecuritiesInConnectionWithLegalDefeasanceOfMortgageLoan" xlink:label="element2980"/>
<label xlink:type="resource" xlink:label="label2980" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_TransferOfMarketableSecuritiesInConnectionWithLegalDefeasanceOfMortgageLoan_en-US"> Marketable securities transferred in connection with the defeasance of mortgage notes payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2980" xlink:to="label2980"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MortgageLoanDefeasance" xlink:label="element2981"/>
<label xlink:type="resource" xlink:label="label2981" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MortgageLoanDefeasance_en-US"> Mortgage Loan Defeasance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2981" xlink:to="label2981"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MortgageLoanDefeasance" xlink:label="element2982"/>
<label xlink:type="resource" xlink:label="label2982" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MortgageLoanDefeasance_en-US"> The amount represents carrying value of the mortgage loan that was legally defeased. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2982" xlink:to="label2982"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MortgageLoanDefeasance" xlink:label="element2983"/>
<label xlink:type="resource" xlink:label="label2983" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_MortgageLoanDefeasance_en-US"> Defeasance of mortgage notes payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2983" xlink:to="label2983"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MortgageAndMezzanineLoanEliminated" xlink:label="element2984"/>
<label xlink:type="resource" xlink:label="label2984" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MortgageAndMezzanineLoanEliminated_en-US"> Mortgage And Mezzanine Loan Eliminated </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2984" xlink:to="label2984"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MortgageAndMezzanineLoanEliminated" xlink:label="element2985"/>
<label xlink:type="resource" xlink:label="label2985" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MortgageAndMezzanineLoanEliminated_en-US"> The value of mortgages and mezzanine loans receivable eliminated in non- cash investing or financing transaction. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2985" xlink:to="label2985"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MortgageAndMezzanineLoanEliminated" xlink:label="element2986"/>
<label xlink:type="resource" xlink:label="label2986" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MortgageAndMezzanineLoanEliminated_en-US"> Elimination of a mortgage and mezzanine loan asset and liability </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2986" xlink:to="label2986"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransferOfEquityInterestToUnconsolidatedJointVenture" xlink:label="element2987"/>
<label xlink:type="resource" xlink:label="label2987" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_TransferOfEquityInterestToUnconsolidatedJointVenture_en-US"> Transfer Of Equity Interest To Unconsolidated Joint Venture </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2987" xlink:to="label2987"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransferOfEquityInterestToUnconsolidatedJointVenture" xlink:label="element2988"/>
<label xlink:type="resource" xlink:label="label2988" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_TransferOfEquityInterestToUnconsolidatedJointVenture_en-US"> The amount represents the non-cash transfer of our equity interest in a consolidated entity to an investment in unconsolidated joint venture. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2988" xlink:to="label2988"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_TransferOfEquityInterestToUnconsolidatedJointVenture" xlink:label="element2989"/>
<label xlink:type="resource" xlink:label="label2989" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_TransferOfEquityInterestToUnconsolidatedJointVenture_en-US"> Transfer of interest in Real Estate Fund to unconsolidated joint venture </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2989" xlink:to="label2989"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RepaymentReceivedOfLeasingCommissions" xlink:label="element2990"/>
<label xlink:type="resource" xlink:label="label2990" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_RepaymentReceivedOfLeasingCommissions_en-US"> Repayment Received Of Leasing Commissions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2990" xlink:to="label2990"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RepaymentReceivedOfLeasingCommissions" xlink:label="element2991"/>
<label xlink:type="resource" xlink:label="label2991" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_RepaymentReceivedOfLeasingCommissions_en-US"> This element represnts Repayment Received towards Leasing Commissions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2991" xlink:to="label2991"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_RepaymentReceivedOfLeasingCommissions" xlink:label="element2992"/>
<label xlink:type="resource" xlink:label="label2992" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_RepaymentReceivedOfLeasingCommissions_en-US"> Repayment of Alexander's Inc. leasing commissions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2992" xlink:to="label2992"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossRealizedAndUnrealized" xlink:label="element2993"/>
<label xlink:type="resource" xlink:label="label2993" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossRealizedAndUnrealized_en-US"> Realized and unrealized gains </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2993" xlink:to="label2993"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossRealizedAndUnrealized" xlink:label="element2994"/>
<label xlink:type="resource" xlink:label="label2994" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossRealizedAndUnrealized_en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Realized And Unrealized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2994" xlink:to="label2994"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossRealizedAndUnrealized" xlink:label="element2995"/>
<label xlink:type="resource" xlink:label="label2995" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossRealizedAndUnrealized_en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Realized And Unrealized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2995" xlink:to="label2995"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherSegmentMember" xlink:label="element2996"/>
<label xlink:type="resource" xlink:label="label2996" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherSegmentMember_en-US"> Other Segment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2996" xlink:to="label2996"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherSegmentMember" xlink:label="element2997"/>
<label xlink:type="resource" xlink:label="label2997" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherSegmentMember_en-US"> Other Member including eliminations, non-core business related activities. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2997" xlink:to="label2997"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfLimitedPartners" xlink:label="element2998"/>
<label xlink:type="resource" xlink:label="label2998" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_NumberOfLimitedPartners_en-US"> Number Of Limited Partners </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2998" xlink:to="label2998"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_NumberOfLimitedPartners" xlink:label="element2999"/>
<label xlink:type="resource" xlink:label="label2999" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_NumberOfLimitedPartners_en-US"> Number of partners </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2999" xlink:to="label2999"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CapitalizedInterestAndDebtExpenses" xlink:label="element3000"/>
<label xlink:type="resource" xlink:label="label3000" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_CapitalizedInterestAndDebtExpenses_en-US"> Interest Costs Capitalized Adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3000" xlink:to="label3000"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CapitalizedInterestAndDebtExpenses" xlink:label="element3001"/>
<label xlink:type="resource" xlink:label="label3001" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_vno_CapitalizedInterestAndDebtExpenses_en-US"> Capitalized interest and debt expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3001" xlink:to="label3001"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_CapitalizedInterestAndDebtExpenses" xlink:label="element3002"/>
<label xlink:type="resource" xlink:label="label3002" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_CapitalizedInterestAndDebtExpenses_en-US"> This element represents Capitalized interest and debt expenses amount. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3002" xlink:to="label3002"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfSellerFinancingRate" xlink:label="element3003"/>
<label xlink:type="resource" xlink:label="label3003" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_DurationOfSellerFinancingRate_en-US"> Duration Of Seller Financing Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3003" xlink:to="label3003"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_DurationOfSellerFinancingRate" xlink:label="element3004"/>
<label xlink:type="resource" xlink:label="label3004" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_DurationOfSellerFinancingRate_en-US"> Duration Of Seller Financing Rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3004" xlink:to="label3004"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoShareOfDebtSatisfactionGainsAndNetGainsOnSaleOfRealEstateMember" xlink:label="element3005"/>
<label xlink:type="resource" xlink:label="label3005" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VornadoShareOfDebtSatisfactionGainsAndNetGainsOnSaleOfRealEstateMember_en-US"> Vornado Share Of Debt Satisfaction Gains And Net Gains On Sale Of Real Estate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3005" xlink:to="label3005"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoShareOfDebtSatisfactionGainsAndNetGainsOnSaleOfRealEstateMember" xlink:label="element3006"/>
<label xlink:type="resource" xlink:label="label3006" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_VornadoShareOfDebtSatisfactionGainsAndNetGainsOnSaleOfRealEstateMember_en-US"> Our share of debt satisfaction gains and net gains on sale of real estate [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3006" xlink:to="label3006"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoShareOfDebtSatisfactionGainsAndNetGainsOnSaleOfRealEstateMember" xlink:label="element3007"/>
<label xlink:type="resource" xlink:label="label3007" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_VornadoShareOfDebtSatisfactionGainsAndNetGainsOnSaleOfRealEstateMember_en-US"> Our share of debt satisfaction gains and net gains on sale of real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3007" xlink:to="label3007"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SuffolkDownsImpairmentLossAndLoanReserveMember" xlink:label="element3008"/>
<label xlink:type="resource" xlink:label="label3008" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_SuffolkDownsImpairmentLossAndLoanReserveMember_en-US"> Suffolk Downs Impairment Loss And Loan Reserve [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3008" xlink:to="label3008"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SuffolkDownsImpairmentLossAndLoanReserveMember" xlink:label="element3009"/>
<label xlink:type="resource" xlink:label="label3009" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_SuffolkDownsImpairmentLossAndLoanReserveMember_en-US"> Suffolk Downs impairment loss and loan reserve [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3009" xlink:to="label3009"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_SuffolkDownsImpairmentLossAndLoanReserveMember" xlink:label="element3010"/>
<label xlink:type="resource" xlink:label="label3010" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_SuffolkDownsImpairmentLossAndLoanReserveMember_en-US"> Suffolk Downs Impairment Loss And Loan Reserve [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3010" xlink:to="label3010"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MortgageLoanAtFourPointNineNineFivePercentMatures2016Member" xlink:label="element3011"/>
<label xlink:type="resource" xlink:label="label3011" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_MortgageLoanAtFourPointNineNineFivePercentMatures2016Member_en-US"> Mortgage Loan At Four Point Nine Nine Five Percent Matures 2016 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3011" xlink:to="label3011"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MortgageLoanAtFourPointNineNineFivePercentMatures2016Member" xlink:label="element3012"/>
<label xlink:type="resource" xlink:label="label3012" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_MortgageLoanAtFourPointNineNineFivePercentMatures2016Member_en-US"> Mortgage Loan At Four Point Nine Nine Five Percent Matures 2016 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3012" xlink:to="label3012"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_MortgageLoanAtFourPointNineNineFivePercentMatures2016Member" xlink:label="element3013"/>
<label xlink:type="resource" xlink:label="label3013" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_MortgageLoanAtFourPointNineNineFivePercentMatures2016Member_en-US"> Mortgage loan at 4.995% Matures 2016 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3013" xlink:to="label3013"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainOnSaleOfAssetsOtherThanRealEstate" xlink:label="element3014"/>
<label xlink:type="resource" xlink:label="label3014" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_GainOnSaleOfAssetsOtherThanRealEstate_en-US"> Gain On Sale Of Assets Other Than Real Estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3014" xlink:to="label3014"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainOnSaleOfAssetsOtherThanRealEstate" xlink:label="element3015"/>
<label xlink:type="resource" xlink:label="label3015" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_GainOnSaleOfAssetsOtherThanRealEstate_en-US"> Gain On Sale Of Assets Other Than Real Estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3015" xlink:to="label3015"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainOnSaleOfAssetsOtherThanRealEstate" xlink:label="element3016"/>
<label xlink:type="resource" xlink:label="label3016" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_GainOnSaleOfAssetsOtherThanRealEstate_en-US"> Gain on sale of assets other than real estate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3016" xlink:to="label3016"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoShareOfToysRUsMember" xlink:label="element3017"/>
<label xlink:type="resource" xlink:label="label3017" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_VornadoShareOfToysRUsMember_en-US"> Vornado Share Of Toys R Us [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3017" xlink:to="label3017"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoShareOfToysRUsMember" xlink:label="element3018"/>
<label xlink:type="resource" xlink:label="label3018" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_VornadoShareOfToysRUsMember_en-US"> Vornado Share Of Toys R Us [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3018" xlink:to="label3018"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_VornadoShareOfToysRUsMember" xlink:label="element3019"/>
<label xlink:type="resource" xlink:label="label3019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_VornadoShareOfToysRUsMember_en-US"> Our share of Toys "R" Us [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3019" xlink:to="label3019"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UrbanEdgePropertiesAndResidualRetailPropertiesDiscontinuedOperationsMember" xlink:label="element3020"/>
<label xlink:type="resource" xlink:label="label3020" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_UrbanEdgePropertiesAndResidualRetailPropertiesDiscontinuedOperationsMember_en-US"> Urban Edge Properties And Residual Retail Properties Discontinued Operations [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3020" xlink:to="label3020"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_UrbanEdgePropertiesAndResidualRetailPropertiesDiscontinuedOperationsMember" xlink:label="element3021"/>
<label xlink:type="resource" xlink:label="label3021" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_UrbanEdgePropertiesAndResidualRetailPropertiesDiscontinuedOperationsMember_en-US"> Urban Edge Properties And Residual Retail Properties Discontinued Operations [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3021" xlink:to="label3021"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPropertiesMdAnnapolisMember" xlink:label="element3022"/>
<label xlink:type="resource" xlink:label="label3022" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherPropertiesMdAnnapolisMember_en-US"> Other Properties Md Annapolis [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3022" xlink:to="label3022"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPropertiesMdAnnapolisMember" xlink:label="element3023"/>
<label xlink:type="resource" xlink:label="label3023" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherPropertiesMdAnnapolisMember_en-US"> Other Properties Md Annapolis [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3023" xlink:to="label3023"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPropertiesMdAnnapolisMember" xlink:label="element3024"/>
<label xlink:type="resource" xlink:label="label3024" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_OtherPropertiesMdAnnapolisMember_en-US"> Other Properties MD Annapolis [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3024" xlink:to="label3024"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPropertiesNjWaynetowneCenterMember" xlink:label="element3025"/>
<label xlink:type="resource" xlink:label="label3025" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_OtherPropertiesNjWaynetowneCenterMember_en-US"> Other Properties NJ WayneTowne Center [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3025" xlink:to="label3025"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_OtherPropertiesNjWaynetowneCenterMember" xlink:label="element3026"/>
<label xlink:type="resource" xlink:label="label3026" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_OtherPropertiesNjWaynetowneCenterMember_en-US"> Other Properties Nj WayneTowne Center </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3026" xlink:to="label3026"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainLossOnSaleOfContinuingAssets" xlink:label="element3027"/>
<label xlink:type="resource" xlink:label="label3027" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_GainLossOnSaleOfContinuingAssets_en-US"> Gain Loss On Sale Of Continuing Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3027" xlink:to="label3027"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainLossOnSaleOfContinuingAssets" xlink:label="element3028"/>
<label xlink:type="resource" xlink:label="label3028" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_vno_GainLossOnSaleOfContinuingAssets_en-US"> Net gain on disposition of wholly owned and partially owned assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3028" xlink:to="label3028"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_GainLossOnSaleOfContinuingAssets" xlink:label="element3029"/>
<label xlink:type="resource" xlink:label="label3029" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_GainLossOnSaleOfContinuingAssets_en-US"> This element represents gain loss on sale of assets from continuing operations. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3029" xlink:to="label3029"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:label="element3030"/>
<label xlink:type="resource" xlink:label="label3030" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems_en-US"> Finite-Lived Intangible Assets And Liabilities [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3030" xlink:to="label3030"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems" xlink:label="element3031"/>
<label xlink:type="resource" xlink:label="label3031" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_FiniteLivedIntangibleAssetsAndLiabilitiesLineItems_en-US"> Finite-Lived Intangible Assets And Liabilities Line Items </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3031" xlink:to="label3031"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AllEquityMethodInvesteesExcludingToysMember" xlink:label="element3032"/>
<label xlink:type="resource" xlink:label="label3032" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_AllEquityMethodInvesteesExcludingToysMember_en-US"> All Equity Method Investees Excluding Toys [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3032" xlink:to="label3032"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_AllEquityMethodInvesteesExcludingToysMember" xlink:label="element3033"/>
<label xlink:type="resource" xlink:label="label3033" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_AllEquityMethodInvesteesExcludingToysMember_en-US"> All Equity Method Investees Excluding Toys [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3033" xlink:to="label3033"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentSummarizedFinancialInformationGainOnSaleOfRealEstateAssets" xlink:label="element3034"/>
<label xlink:type="resource" xlink:label="label3034" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_vno_EquityMethodInvestmentSummarizedFinancialInformationGainOnSaleOfRealEstateAssets_en-US"> Equity Method Investment Summarized Financial Information Gain On Sale Of Real Estate Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3034" xlink:to="label3034"/>
<loc xlink:type="locator" xlink:href="vno-20141231.xsd#vno_EquityMethodInvestmentSummarizedFinancialInformationGainOnSaleOfRealEstateAssets" xlink:label="element3035"/>
<label xlink:type="resource" xlink:label="label3035" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_vno_EquityMethodInvestmentSummarizedFinancialInformationGainOnSaleOfRealEstateAssets_en-US"> Investee's gain on sale of reas estate assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element3035" xlink:to="label3035"/>
</labelLink>
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