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manhattan real estate

Thor Equities Wants in on the Empire State Building Bidding War

The Empire State Building, one of the world's most iconic buildings, is viewed on November 30, 2011 in New York City. Malkin Holdings LLC., the family-owned company that supervises the portfolio of office properties that includes the Empire State Building, has filed notice with the Securities and Exchange Commission acknowledging that it may become a publicly traded company. The filing could pave the way for an Initial Public Offering, or IPO, thus making the Empire State Building part of a publicly traded real estate investment company.

Continuing the little war of enormous bids that has broken out over the Empire State Building, big-time Midtown property owner Thor Equities made a third unsolicited cash offer for the property, raising the ante from $2.1 billion to ... something more than that. "Thor Equities confirmed the offer but not the price," Reuters reported. Thor owner Joseph Sitt sent the offer through a representative at around 4 p.m. on Thursday, The Real Deal reported. Between this and the Coney Island Applebee's, he is really making some power moves these days.

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Photo: Spencer Platt/Getty Images2011 Getty Images