Proposed Empire State Building IPO Gains Investor Support

Law360, New York (March 15, 2013, 7:50 PM EDT) -- A plan to put the Empire State Building in a publicly traded real estate trust has received support from 90 percent of the skyscrapers' investors who have voted on the proposal so far, the building's owners said in a letter Thursday.

In a letter filed with the U.S. Securities and Exchange Commission, Malkin Holdings LLC President Anthony E. Malkin said the proposed transaction has received a “very strong level of support” from investors in Empire State Building Associates. The company has received forms from approximately two-thirds...
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