Empire State Building Owners Plan Launch Of Public REIT

Law360, New York (November 29, 2011, 5:17 PM EST) -- The family that owns New York's Empire State Building may make the skyscraper available to investors through a publicly traded real estate investment trust, the family's holding company said Tuesday.

The holding company that manages Empire State Building Associates LLC, which is controlled by Peter L. Malkin and his son Anthony, has started a process that could allow the public to invest in the building through shares offered by a publicly listed REIT, according to a regulatory filing with the U.S. Securities and Exchange Commission.

Malkin Holdings LLC said it anticipates...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.