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Real Estate Briefing - Categorized | IPOs/Stock Market, Legal more

Lawsuit seeks to halt Empire State Building IPO

Posted on 30 April 2013

Minority owners of New York’s Empire State Building want a state judge to block a proposal that would roll the skyscraper and 17 other Manhattan buildings into a common ownership group known as a real estate investment trust, or REIT.
The 82-year old Empire State was the tallest in the world from its opening until the completion of the World Trade Center in 1973. It has played a central part in numerous movies, including “King Kong,” “An Affair to Remember” and “Sleepless in Seattle.”……………………………………….Full Article: Source


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