Commercial

Global Corporations Believe Opportunity Outweighs Risk in Emerging Markets

For more corporate occupiers located in emerging markets, the drive remains strong despite the widespread social, political and economic unrest in 2011, according to the latest research reported today by CBRE.

Empire State Building Owner Files for IPO

The Malkin family, owner of the Empire State Building and other properties in New York and Connecticut, has filed for an initial public offering that will allow the public to own a piece of the storied Art Deco landmark.

Empire State Building Owner Files for IPO

The new company, Empire State Realty Trust, is seeking up to $1 billion in funding for control of a dozen office buildings, including the Empire State Building, totaling 7.7 million square feet. It will trade under the symbol "ESB" and offer Class A common stock to the public. It will also have Class B stock with 50 votes per share. Anthony Malkin, scion of the real estate family, will be chairman and CEO of the new company.
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