Financial Times reports: Malkin Holdings, the owner of New York’s Empire State Building, plans to raise up to $1 billion in an initial public offering. They made the announcement on February 13, 2012. “The Malkins have spent years consolidating control of the Empire State building and other assets. The IPO will allow them and their remaining partners to gain liquidity without relinquishing control,” said Ben Carlos Thypin, director of market analysis at global commercial property research firm Real Capital Analytics.
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