Empire State Building Plan Gets More Support, Malkins Say
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Malkin Holdings LLC, the supervisor of the Empire State Building, said it has received about 94 percent of votes needed from the property’s investors to include the tower in a real estate investment trust and take it public.
About 75 percent of unitholders of Empire State Building Associates LLC, which owns the skyscraper, have voted in favor of the transaction, Malkin Holdings said in a regulatory filing today. It needs 80 percent approval from the group to proceed. As of yesterday, about 87 percent of the unitholders had voted.