As Malkin Holdings moves forward with its plan to convert ownership in the Empire State Building into a publicly traded REIT, the image licensing company Shutterstock has signed an 80,000-square-foot lease across two entire floors at the iconic tower.
Archive | Empire State Building
With Court’s Approval, Empire State Building REIT Conversion Takes Important Step Forward
By Stephen Del Percio on March 4, 2013 in Empire State Building, Finance, Litigation, Manhattan, Midtown, New York City, Transactions
Pending a final hearing on May 2, a New York County Supreme Court judge has given his preliminary approval for Malkin Holdings’ plan to convert ownership in the Empire State Building (and 18 other properties) into a publicly traded real estate investment trust.
In Good News for NYC’s Green Building Industry, Malkin Settles Empire State Building REIT Conversion Lawsuit
By Stephen Del Percio on December 3, 2012 in Empire State Building, LEED-EB, Litigation, Manhattan, Midtown, New York City
News that Malkin Properties has settled the lawsuit challenging the conversion of its ownership interest in the Empire State Building into a publicly traded real estate investment trust is also a win for advanced building technologies and green building throughout New York City.
At Empire State Building, LinkedIn Expands Its Office Space By Nearly a Third
By Stephen Del Percio on July 17, 2012 in Empire State Building, Leases, LEED-EB, Manhattan, Market Analysis, Midtown, New York City, Transactions
A year ago, green was the “key” for LinkedIn’s 25,000-square-foot lease at the world’s most famous office building. Now, the social network is expanding by 10,000 square feet in a 6-year deal that will start next February.
Next Step in Empire State Building Retrofit is Exterior LED Lighting Installation
By Stephen Del Percio on June 8, 2012 in Empire State Building, Energy Star, LEED-EB, Manhattan, Midtown, New York City
New York City’s second tallest building is in the midst of upgrading its iconic exterior facade and mast lights with 1200 LED fixtures that should drop lighting expenditures by 75 percent, saving the building over $4.4 million annually.
Malkin Holdings to Launch, Acquire New Properties Through, Empire Realty Trust REIT
By Stephen Del Percio on February 14, 2012 in Asset Valuation, Empire State Building, Finance, New York City, Transactions
Malkin Holdings could soon capitalize on investors’ appetite for a slice of New York City commercial real estate after recently announcing plans for a publicly traded REIT called Empire Realty Trust.
Empire State Building to Lease Full Floor of LEED-Eligible Pre-Built Offices
By Stephen Del Percio on October 19, 2011 in Empire State Building, LEED-CI, Manhattan, Market Analysis, Midtown, New York City
Spurred by the success of its other green prebuilt office suites, Malkin Properties has completed construction on an entire floor of new LEED-eligible offices on the Empire State Building’s 65th floor.
“Green the Key” to Empire State Building Landing LinkedIn Lease
By Stephen Del Percio on May 9, 2011 in Empire State Building, Leases, LEED-EB, Manhattan, Midtown, New York City, Transactions
The Empire State Building’s green retrofit was the “key thing” in convincing LinkedIn executives to sign a 7-year, 31,000-square-foot lease for the iconic skyscrapers entire 25th floor.
Taking The LEED: Empire State Building Gets Certified After All
By David Roth on April 25, 2011 in Empire State Building, LEED Commentary, LEED-EB, Manhattan, Market Analysis, Midtown, New York City
The Empire State Building doesn’t need a LEED plaque to be recognized. But, in an unexpected reversal, the newly retrofitted icon has decided to pursue one anyway.
Financial Firm Leases LEED Platinum Pre-Built on 42nd Floor of Empire State Building
By Stephen Del Percio on March 30, 2011 in Empire State Building, Leases, LEED-CI, Manhattan, Market Analysis, Midtown, New York City, Transactions
The Empire State Building’s pre-built green office suites continue to be popular; the tower’s most recent deal is for a 4000-square-foot LEED Platinum-candidate space on the 42nd floor.
