Tag: Empire State Realty Trust (ESRT)

New York Office Market

'Jonathan Litt Maintains Views on New York Market

Hedge fund activist Jonathan Litt said in a Wall Street Journal article in May that he is betting against Empire State Building Realty Trust, Vornado Realty Trust, and SL Green Realty. After the article came out, shares of these companies have either grown flat or higher. Have his views against these big names now changed?

'The New Lessors of the Empire State Building

Newmark gets replaced with JLL as leasing agent for the Empire State Building

'Empire State Building IPO Disappoints; Raises $929.5 Million at $13 per Share

The Empire State Realty Trust (ESRT) debuted on the New York Stock Exchange Wednesday, raising $929.5 million in its Initial Public Offering (IPO) pricing 71.5 million shares at $13 per unit, according to several news reports. The IPO under-performed, gaining only a modest 3 percent in early trading.
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