Joseph Sitt’s Thor Equities has just made two separate bids for different interests in the Empire State Building. Sitt previously made an offer north of $2.1 billion for all the entities that control the building.
The new bids, submitted by Jason Meister of Avison Young, included one for Empire State Building Associates LLC, which owns the land and building. This bid is higher than its $1.209 billion value listed in Securities and Exchange documents as part of the real estate investment trust offering being proposed by Malkin Holdings.
The second bid made by Thor was for the 63.75 percent stake owned by the Helmsley Estate in Empire State Building Co. LLC, which is the management stake that subleases the building from Associates.
No one could be reached for comment.
Article Source: http://nypost.com/2013/08/09/sitt-makes-2-esb-bids/