Sunday 7 July 2013

$2.25 Billion for Empire State Building?

Empire State Building fetches a $2.25 billion bid
Asked during the Great Depression and ended in 13 months at a cost of $ 26 million, the Empire State Building was the tallest building in the world for 41 years. Now if you believe the rumors, Reuven Kahane, described as the man who brought the bagel in Jerusalem want to buy this one of the most characteristic buildings in the City of New York, and of course - the offering World 2 , $ 25 billion for it.

"I hope there are no gaps in its offering," said Jason Meister, vice president of Avison Young, who represents both Joe Sitt and Rubin Schron on two previous offers to buy the building. "I heard the muffin man stood at $ 2.25 billion, but I'm not too worried about it."
Tender, the fourth beat three previous auction deals that began when Mr. Schron bidding began last month with a $ 2.1 billion, including a non-refundable deposit of $ 50 million.
It also provides Mr. Schron, Mr. Sitt and Mr. Kahane, fourth offer north of $ 2.1 million, was made by a group of investors linked to Princeton Holdings and Philips International.

We will be the majority shareholder of the Empire State Building, Malkin Holdings to sell? "They may not want to sell, but put on the hat and hold on," said Kahane. "I think they should go out and really consider offers," said Meister. "Not knowing the REIT trade and all the cash option, you must take into account."
But, he said, "I have not heard of them."

Empire State Building fetches a $2.25 billion bid
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