Square Feet: Empire State Building I.P.O. Plans Speed Up And Would-be Buyers Flock

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Square Feet: Empire State Building I.P.O. Plans Speed Up And Would-be Buyers Flock

Square Feet: Empire State Building I.P.O. Plans Speed Up And Would-be Buyers Flock
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Square Feet: Empire State Building I.P.O. Plans Speed Up And Would-be Buyers Flock

by Wochit 0:31 mins

After months of contentious behind-the-scenes battles, the public may finally get its chance to own a piece of a New York City landmark ? the Empire State Building. The real estate family that controls the 102-story Art Deco tower could move ahead as soon as this week with plans to sell shares to the public through a real estate investment trust, or REIT, in a deal valued at more than $5 billion.

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