- New York property magnate Joseph Sitt has submitted a second round of bids to acquire the Empire State Building (ESB), although there's no word on the price.
- Sitt's Thor Equities has offered to buy Empire State Building Associates, which owns the land and has the master lease on the tower, and to purchase the Helmsley Trust's 63.8% interest in Empire State Building.
- In June, Sitt offered over $2.1B for the companies, adding to two other bids of about the same amount.
- Meanwhile, Malkin Holdings, which manages the skyscraper and its investors, is in the process of taking the Empire State Building public as part of a REIT.
Sitt submits second offer for Empire State Building
Aug 9 2013, 04:30 ET