at Nasdaq.com (Dec 24, 2014)
The Empire State Building is the subject of a $2B offer from privately held New York company Cammeby's International Group, which is headed by real-estate mogul Rubin Schron. The bid is below the $2.33B after-debt value that an appraisal last summer placed on the iconic 102-story building. The proposal comes three weeks after the tower's investors authorized a plan to put it in a REIT called Empire State Realty Trust (ESB) with 17 other properties and take it public.
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