Bidding War for Empire State Building Hits $2.1 Billion

By
A view of the Empire State Building and One World Trade Center (R-rear) as seen from the Top of the Rock Observation Deck at Rockefeller Center April 30, 2012.
Photo: Timothy A. Clary//AFP/Getty Images

There seems to be a bidding war afoot for the Empire State Building, which was slated to go public soon: Two buyers have now put in unsolicited cash offers for the property, the latest for $2.1 billion. The second bid, which was made public Wednesday, tops a $2 billion offer last week by Rubin Schron, and involves an unnamed client in the Middle East. "These people want this asset badly," Philip Pilevsky, CEO of Philips International, told the New York Daily News. "If they want something, they’ll get it."