Empire State Realty Trust | The Real Deal New York

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Empire State Realty Trust

60 East 42nd Street
New York, NY 10165
(212) 953-0888
Website
EmpireStateRealtyTrust

Empire State Realty Trust is a real estate investment trust and the owner of the Empire State Building. The trust officially went public in 2013 when real estate syndicator Malkin Holdings spun off the initial public offering for the skyscraper. The IPO included about a dozen other office buildings and several retail properties in both New York City and nearby counties in New York State and Connecticut. The IPO proved to be somewhat contentious, as both Malkin and Empire State Realty Trust were caught up in a number of lawsuits, including one class-action by investors who claimed the new real estate trust unfairly compensated them (most of those have settled in Malkins favor). In the years since, the occupancy in the portfolio (and the Empire State Building) has dropped off, but Empire State Realty Trust has been able to offset those losses with occupancy increases in the retail portion of the portfolio.


Top EB-5 firm signs for 108K sf in Midtown
09/20/17
...Broadway and Anthony Malkin (Credit: Empire State Realty Trust and Getty Images) The global immigration firm Fragomen, Del Rey, Bernsen & Loewy may...

The tricksters’ playbook: How NYC retail investors squeeze the most out of their buildings
09/12/17
...retail, most notably when the market is down. Empire State Realty Trust, for example, recently agreed to a generous TI package for Target at 112 West 34th...

Empire State Realty Trust now has access to a lot more capital
09/05/17
...Maybe it's time to buy some buildings again? Empire State Realty Trust landed a new $1.365 billion credit facility from a consortium of banks with an option...

The Long View: NYC real estate is addicted to foreign cash. The withdrawal symptoms ain’t going to be pretty
08/29/17
...and royals invested in Brookfield’s Manhattan West, Empire State Realty Trust, Harry Macklowe’s One Wall Street and Michael Stern and Kevin Maloney’s 111 West...

Joanne Podell on overpriced Manhattan homes, confronting sexism early in her career and scoring Nike as a client
08/28/17
...as well as a handful of landlords, including Empire State Realty Trust, Jack Resnick & Sons, TIAA-CREF and the Trump Organization. Podell joined Cushman from Newmark...

The quiet financier behind New York’s second-tallest condo project: Qatar
08/03/17
...last year bought $622 million worth of shares in Empire State Realty Trust.  Meanwhile a former QIA head, Sheikh Hamad Bin Jassim Bin Jaber al-Thani, is an...

Empire State Building owner to spend up to $150M on new observatory entrance
07/27/17
...office tenants. On a Thursday morning earnings call, Empire State Realty Trust announced a new capital project to move the entrance of the Empire State Building...

Cushman’s Podell wins REBNY retail award for big Nike deal on Fifth Ave.
06/14/17
...From left: Fred Posniak of Empire State Realty Trust and Andrew Mandell of Ripco Real Estate Corp., Joanne Podell, Kenji Ota, and John...

The top 10 NYC office leases in May
06/06/17
...space on the 8th and 9th floors of Empire State Realty Trust...

Can a weakening dollar save US hotels from Trump slump?
06/05/17
...not good, period” for hotels in April, and Empire State Realty Trust CEO Anthony Malkin also warned of a potential “PR bruise” for the U.S...

Fashion retailer signs 81K sf lease at ESRT’s 111 West 33rd Street
05/24/17
...rd Street and an NYC Intermix store (Credit: Empire State Realty Trust and Getty Images) High-end fashion retailer Intermix signed an 80,903-square-foot office lease at Empire...

Could Trump’s anti-immigration campaign hit apartment, office markets?
05/10/17
...said. Appel’s comments come two weeks after Empire State Realty Trust CEO Anthony Malkin bemoaned a “P.R. bruise” to the U.S. from Trump...

What you missed at Milken: Barrack sounds off on WeWork, Schwarzman on evaluating deals … & more
05/05/17
...big kahuna to question WeWork’s business model. Empire State Realty Trust CEO Anthony Malkin refuses to rent to the company, saying “I’d rather collect...

Anthony Malkin concerned over “PR bruise” from Trump travel ban
04/27/17
...State Building and Donald Trump (Credit: Getty Images) Empire State Realty Trust’s CEO Anthony Malkin said he is worried Donald Trump’s travel ban could...

Herrick Feinstein and Crowell & Moring break off merger talks
04/04/17
...city and counts the Lightstone Group, Fetner and Empire State Realty Trust among its recent clients. Herrick is still open to a merger but felt that...

REITs own New York. But who owns
the REITs?
03/30/17
...SL Green Realty, Vornado Realty Trust, Boston Properties, Empire State Realty Trust and many others by listing shares on a stock exchange. These trusts now own...

ESRT hits the bullseye with Target on 34th Street
03/20/17
...store signed a lease for 43,000 square feet at Empire State Realty Trust...

Empire State Realty Trust exec pays for giant inflatable cat to counter union’s protest rat
02/27/17
...cat Unions, meet the corporate fat cat. An Empire State Realty Trust executive paid to place a giant inflatable feline outside a Midtown construction site to...

Is Empire State Realty Trust ready to become a buyer?
02/23/17
...an asteroid (Credit: Max Dworkin and Getty Images) Empire State Realty Trust hasn’t bought a single building since May 2014. Is that about to change? The...

Mount Sinai signs for 26K sf on Billionaires’ Row
02/16/17
...inked a lease to take up residence at Empire State Realty Trust’s West 57th Street building. The hospital network would occupy 26,100 square feet across the...

SL Green expects office tower One Vanderbilt to make almost $200M per year
01/27/17
...to the building’s observation deck. To compare, Empire State Realty Trust, which owns the Empire State Building along with its lucrative observation deck and several...

Inside Fried Frank’s annual bash at Cipriani
12/07/16
...Shatz of Madison Realty Capital; Anthony Malkin of Empire State Realty Trust; Ken Horn of Alchemy Properties; and Roy March of Eastdil Secured. Ofer Yardeni Even...

NYC’s 10 biggest office leases signed in November
12/06/16
...into a single megaplex. 9) Haver Analytics renews with Empire State Realty Trust at One Grand Central Place – 19,073 square feet The numbers must have worked out for...

The Long View: The great REIT merger wave of 2016 that never came to pass
11/09/16
...wealth fund, bought $622 million worth of shares in Empire State Realty Trust, giving it about a 10 percent stake in the REIT. Moreover, there are small REITs...

NYC’s 10 biggest office leases signed in September
10/19/16
...current office space in a planned move to Empire State Realty Trust’s 111 West 33rd Street, where the landlord too has its headquarters. Brian Siegel of...
Vincent Sultana
Empire State Realty Trust, Real Estate Salesperson
111 West 33rd Street, 12th Floor, New York, NY
...
Jillian Santiago
Empire State Realty Trust, Real Estate Salesperson
111 West 33rd Street, 12th Floor, New York, NY
...
Fred Posniak
Empire State Realty Trust, Real Estate Salesperson
111 West 33rd Street, 12th Floor, New York, NY
...
Keith Cody
Empire State Realty Trust, Real Estate Salesperson
111 West 33rd Street, 12th Floor, New York, NY
...
Julie Christiano
Empire State Realty Trust, Real Estate Salesperson
111 West 33rd Street, 12th Floor, New York, NY
...
Justine Urbaites
Empire State Realty Trust, Limited Liability Broker
111 West 33rd Street, 12th Floor, New York, NY
...
Thomas Durels
Empire State Realty Trust, Limited Liability Broker
111 West 33rd Street, 12th Floor, New York, NY
...
Jeffrey Newman
Empire State Realty Trust, Associate Broker
111 West 33rd Street, 12th Floor, New York, NY
...
Ryan Kass
Empire State Realty Trust, Senior Vice President, Director of Leasing
60 East 42nd Street, New York, New York, (212)-953-0888
...
Anthony Malkin
Empire State Realty Trust, CEO, Chairman
60 East 42nd Street, New York, NY, (212) 953-0888
Anthony Malkin is chairman and CEO of the Manhattan-based commercial real estate investment...
For more info, click here
  • Event Retail Leasing
  • Address 112 West 34th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 43,000
notes
Target, a mega discount department store, has signed a lease which will be its 3rd Manhattan location.
For more info, click here
  • Event Office Leasing
  • Address 250 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 26,100
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 Empire State Realty Trust
  • Party 2 Mount Sinai Health System
notes
The hospital network signed a lease.
For more info, click here
  • Event Office Leasing
  • Address 60 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 19,073
notes
The economic and financial database provider signed an early renewal and expansion lease.
For more info, click here
  • Event Retail Leasing
  • Address 1333 Avenue of the Americas
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 3,450
  • Publication Date 12/01/2016
  • Event Date 10/15/2016
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage Empire State Realty Trust
  • Party 1 Broker Fred Posniak
  • Party 2 Dr. Martens
  • Party 2 Brokerage McDevitt Company
  • Party 2 Broker Keith Fencl
notes
The British footwear and clothing company signed a lease.
For more info, click here
  • Event Retail Leasing
  • Address Empire State Building
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 2,789
  • Publication Date 11/01/2016
  • Event Date 09/15/2016
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage Empire State Realty Trust
  • Party 1 Broker Fred Posniak, Shanae Ursini
  • Party 2 Chopt
  • Party 2 Brokerage Esquire Properties
  • Party 2 Broker Craig Hantgan
notes
The custom salad bar signed a lease.
For more info, click here
  • Event Retail Leasing
  • Address 501 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 2,000
  • Publication Date 11/01/2016
  • Event Date 09/15/2016
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage Empire State Realty Trust
  • Party 1 Broker Fred Posniak, Shanae Ursini
  • Party 2 Sweetcatch Poke Bar
  • Party 2 Brokerage Murro Realty
  • Party 2 Broker Jarrett Sharp
notes
The Hawaiian café signed a 10-year lease.
For more info, click here
  • Event Office Leasing
  • Address 1359 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 24,000
notes
The analytics firm signed a lease for the entire floor.
For more info, click here
  • Event Retail Leasing
  • Address 1333 Broadway
  • Neighborhood Herald Sqaure
  • Borough Manhattan
  • Square feet 908
  • Publication Date 09/01/2016
  • Event Date 07/15/2016
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage CBRE
  • Party 1 Broker Matt Chmielecki
  • Party 2 Rituals
  • Party 2 Brokerage Crown Retail Services
  • Party 2 Broker Hank O'Donnell, Chris DeCrosta
notes
The cosmetics company signed a lease.
For more info, click here
  • Event Office Leasing
  • Address 1350 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,605
  • Publication Date 09/01/2016
  • Event Date 07/15/2016
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage Empire State Realty Trust
  • Party 1 Broker Lindsay Goddard
  • Party 2 Valassis Digital
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Ben Shapiro, John Cilmi
notes
The digital company signed a lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 46,537
notes
The outdoor advertising company signed a lease.
For more info, click here
  • Event Office Leasing
  • Address 1350 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 4,847
notes
The insurance brokerage signed a lease on the 6th floor.
For more info, click here
  • Event Office Leasing
  • Address 60 East 42nd Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 3,188
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage Empire State Realty Trust
  • Party 1 Broker Julie Christiano
  • Party 2 Integrated Security Services
  • Party 2 Brokerage ATLAS Commercial Realty
  • Party 2 Broker Dani O'Donnell, Joseph Ferrara
notes
The security company signed a lease.
For more info, click here
  • Event Office Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 20,000
notes
The sales and marketing firm signed a lease.
For more info, click here
  • Event Office Leasing
  • Address 60 East 42nd Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 17,942
notes
The pharmaceutical company signed a lease.
For more info, click here
  • Event Financing
  • Address 10 Union Square East
  • Neighborhood Union Square
  • Borough Manhattan
  • Square feet 58,005
  • Price $ 50,000,000
  • Publication Date 06/01/2016
  • Event Date 05/18/2016
  • Party 1 Empire State Realty Trust
  • Party 2 MetLife
notes
The company secured a $50 million 10-year mortgage.
For more info, click here
  • Event Office Leasing
  • Address 250 West 57th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 37,680
notes
The insurance company signed a lease.
For more info, click here
  • Event Retail Leasing
  • Address 1359 Broadway
  • Neighborhood Herald Square
  • Borough Manhattan
  • Square feet 1,187
notes
The speciality paper and card company signed a lease.
For more info, click here
  • Event Office Leasing
  • Address 111 West 33rd Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 36,896
  • Publication Date 04/01/2016
  • Event Date 02/15/2016
  • Party 1 Empire State Realty Trust
  • Party 2 Empire State Realty Trust
notes
The real estate company is moving offices to make room for renovations at their previous location.
For more info, click here
  • Event Office Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 25,300
notes
The commercial digital imagery and music company signed a lease for a full floor.
For more info, click here
  • Event Retail Leasing
  • Address 250 West 57th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 4,432
notes
The commercial banking chain signed a lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 25,300
notes
The stock footage company signed a lease.
For more info, click here
  • Event Office Leasing
  • Building Name Empire State Building
  • Address 350 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 9,000
notes
The travel company signed a lease on the 72nd floor.
For more info, click here
  • Event Office Leasing
  • Address 1400 Broadway
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 13,500
notes
The communications agency signed a lease.
For more info, click here
  • Event Retail Leasing
  • Address 1333 Broadway
  • Neighborhood Midtown South
  • Borough Manhattan
  • Square feet 902
  • Price per foot $ 450.00
  • Publication Date 12/01/2015
  • Event Date 10/22/2015
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage Empire State Realty Trust, CBRE
  • Party 1 Broker Fred Posniak, Andrew Goldberg, Matt Chmielecki
  • Party 2 Rituals Home & Body Cosmetics
  • Party 2 Brokerage Crown Retail Services
  • Party 2 Broker Christopher DeCrosta
notes
The cosmetics company signed a lease.
For more info, click here
  • Event Office Leasing
  • Address 60 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 7,067
notes
The company signed a lease.
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