Thursday, April 14, 2011
Pssssttt!!! Wanna Buy The Empire State Building?
Have we got a deal for you! Want to own the Empire State Building? Or part of it....? Details are uncomfirmed at this time, but word on the street in The Big Apple is that the owners of the iconic tower may launch an initial public offering of their holdings, according to the New York Times. The Malkin family did not comment on the story, but they have spent millions on upgrades to the Empire State Building. Other buildings may be involved in the offering, including 1 Grand Central, and six buildings in Westchester County and Connecticut. The full NYT story is here.
Posted by Brent Greer at 3:20 PM