Tag Archives: Empire State Building Feud Heads to Court

Ownership of New York’s 102-story landmark will be battled out in court this week. New York real estate investors Peter L. Malkin and Anthony E. Malkin control the tower but are minority owners. They are nearing a deal—valued at $5.2 billion—that would offer them public shares in 19 properties, including the Empire State Building, The New York Times reports. The Malkins have gone on an investor-by-investor appeal, persuading about 75 percent of the building’s approximate 3,000 stakeholders so far to vote in favor of going public. But the decision of […]