LinkedIn’s continued and increasing presence at the Empire State Building could have repercussions for technology and media industry tenants that are looking for space throughout the Midtown and Midtown South submarkets.
Tag Archives | Malkin Holdings
With REIT Conversion Still Pending, Shutterstock Makes Move to Empire State Building
By Stephen Del Percio on April 2, 2013 in Empire State Building, Leases, Litigation, Manhattan, Midtown, New York City, Transactions
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.
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.
Malkin Holdings Settles Empire State Building REIT Conversion Lawsuit for $55 Million
News that Malkin Holdings 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 generally.
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.
Plans to Launch Empire State Building-Backed REIT Challenged in New York County Supreme Court
A lawsuit challenging Malkin Holdings’ plans to launch a publicly traded REIT could impact its efforts to implement advanced building technologies across a broader range of New York City commercial office buildings.
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.
