Malkin Holdings has received the third bid in less than two weeks for the Empire State Building (ESB), this time an offer "north of $2.1B in cash" from New York property magnate Joseph Sitt. The proposal is higher than bids of up to $2.1B from real-estate mogul Rubin Schron and a group of Middle Eastern and European investors, but is short of the $2.53B that an independent appraisal has valued the tower at. Malkin is also in the process of listing Empire State Building as part of a REIT.
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