The Empire State Building (ESB) has become the subject of a bidding battle, with real estate...


The Empire State Building (ESB) has become the subject of a bidding battle, with real estate investors Philip Pilevsky and Joseph Tabak, along with a Middle Eastern group, making a combined bid of $2.1B for the tower, which is also on the road to a public listing as part of a REIT. The offer trumps a $2B proposal from property tycoon Rubin Schron but is still below the $2.53B valuation that an independent appraisal calculated.

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Comments (3)
  • User 353732
    , contributor
    Comments (5158) | Send Message
     
    So it is no longer a rather shabby office building but a rare and enduring work of art?
    But then the vanity of the very rich and their search for trophies is insatiable.
    27 Jun 2013, 05:26 AM Reply Like
  • Road Running
    , contributor
    Comments (36) | Send Message
     
    I'm outraged too. disgusting. rich people spending money. how low can it go?
    27 Jun 2013, 09:36 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4369) | Send Message
     
    It is pretty old, and iconic. Definitely rare. I'd be a buyer if I had a couple extra billion laying around... It's neat, and would impress people when you told them you own it. ;)
    27 Jun 2013, 08:36 PM Reply Like
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