Dear Commons Community,

The company that runs the Empire State Building is planning to go public in a stock offering that could raise $1 billion, according to documents filed with regulators Monday.

That means that if you have a few extra dollars to spare, you can buy a stake in perhaps the nation’s most well-known office building.

The New York Times is reporting that:

“The planned IPO comes about 10 years after real estate investor Peter Malkin bought the 102-story Art Deco landmark from Donald Trump and a business partner for $57.5 million.

It’s the latest chapter in a saga that dates to 1931, when the building was completed, establishing it as the city’s tallest skyscraper. It regained that standing after the collapse of the World Trade Center twin towers in the Sept. 11 attacks.”

King Kong is not included in the IPO!

Tony