Empire State Building REIT Plan Wins Shareholder Approval

Law360, New York (September 19, 2013, 1:31 PM EDT) -- Malkin Holdings LLC can go ahead with its plan to roll the Empire State Building up into a public real estate investment trust after receiving 100 percent of the votes necessary to file an initial public offering, according to a regulatory document filed Wednesday.

The filing, submitted by a group of participant investors in the iconic building known as Empire State Building Associates LLC, comes amid multiple rumors that the REIT roll-up and IPO could commence as early as this week.

“The company has now received...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.