Empire State Building Second Bid Led by Mideast Investors
This article is for subscribers only.
A Middle Eastern group joined New York real estate investors Philip Pilevsky and Joseph Tabak in a $2.1 billion bid for New York’s Empire State Building, the second takeover proposal reported before a planned initial public offering that would include the skyscraper.
Pilevsky, president of New York-based Philips International, said the offer is in cash. He declined to further identify the Middle Eastern group.