manhattan real estate

Thor Equities Wants in on the Empire State Building Bidding War

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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.
Photo: Spencer Platt/Getty Images2011 Getty Images

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.

Sources

Reuters TRD

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Thor Equities Wants in on Empire State Building