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© 2017 Observer Media · Terms · Privacy

Empire State Realty Trust

111 West 33rd Street, 12th Floor
New York, NY 10120
empirestaterealtytrust.com
Empire State Realty Trust is a real estate investment trust based in Manhattan and best-known for owning the Empire State Building at East 34th Street and Fifth Avenue. It also owns eight other office buildings in Midtown, including 250 West 57th Street, 1400 Broadway, One Grand Central Place, 111 West 33rd Street and 1350 Broadway.

The ownership and management company, which trades on the New York Stock Exchange as ESRT, also owns five office properties in Connecticut’s Fairfield County and New York’s Westchester County as well as five retail addresses in Manhattan and Westport, Conn.

ESRT grew out of the real estate holdings of the Malkin family—again, most famously, the Empire State Building—which were owned and managed under Wien & Malkin, W&H Properties and Malkin Holdings, among other entities. Peter Malkin and son Anthony Malkin launched ESRT in 2011, and began selling shares in it in 2013, after a sometimes spirited back and forth with other stakeholders regarding going public.

The younger Malkin is ESRT’s chairman, president and chief executive; and the senior Malkin serves as chairman emeritus. The REIT remains one of the most visible and active players in the New York-area commercial real estate market, with major leases and investments.

The REIT has also positioned itself as a sustainability leader among commercial real estate owners and operators. That began even before the 2011 founding of ESRT, with a major retrofitting of the Empire State Building to cut its carbon emissions.

Store for Rent sign, due to Coronavirus Pandemic shutdown and loss of business, Queens, New York
Leases  ·  Sales
New York City

Sunday Summary: This Year.

By The Editors
Premium
111 West 33rd Street
Leases  ·  Office
New York City

Life Sciences Consultancy ClearView Healthcare Expands at ESRT’s 111 West 33rd Street

By Nicholas Rizzi
Premium
 
Trending Stories
Leases  ·  Office
New York City

Meal Delivery Service Freshly Takes 92K SF at 28 East 28th Street

Sales
New York City

Meridian Arranges Sale and Acquisition Financing for 15 Park Row, 335-Unit Building

Leases  ·  Retail
New York City

Dollar Jackpot Takes 10K SF in Downtown Brooklyn

Sales  ·  Residential
Washington DC

Two DC Apartment Buildings Change Hands in $43M Deal

605 Third Avenue
Finance  ·  CMBS
New York City

Morgan Stanley Provides $400M CMBS Refi for Fisher Brothers’ 605 Third Avenue 

By Cathy Cunningham
Premium
Grant Hill.
Industry  ·  Players
New York City

Basketball Great Grant Hill Joins Empire State Realty Trust’s Board of Directors

By Mack Burke
Premium
250 West 57th Street.
Finance  ·  CMBS
New York City

Morgan Stanley Provides $180M CMBS Recap on ESRT Midtown Office Property

By Mack Burke
Premium
Clockwise from top left: CO's Tom Acitelli, Rubenstein Partners' Peter Gottlieb, CBRE's Jacqueline Novotny and Empire State Realty Trust's Jeffrey Newman.
Coronavirus  ·  Industry
New York City

Is COVID Really Driving a Flight to the NYC Suburbs? CO Forum Draws Expert Takes

By Mack Burke
Premium
 
Trending Stories
Leases  ·  Office
New York City

Meal Delivery Service Freshly Takes 92K SF at 28 East 28th Street

Sales
New York City

Meridian Arranges Sale and Acquisition Financing for 15 Park Row, 335-Unit Building

Leases  ·  Retail
New York City

Dollar Jackpot Takes 10K SF in Downtown Brooklyn

Sales  ·  Residential
Washington DC

Two DC Apartment Buildings Change Hands in $43M Deal

The Empire State Building.
Leases  ·  Office
New York City

Centric Brands Signs Direct Deal for 212K SF at Empire State Building

By Nicholas Rizzi
Premium
1333 Broadway.
Leases  ·  Office
New York City

Sanne Relocates in the Garment District

By Rebecca Baird-Remba
Premium
A sky shot of a city dense with buildings.
Politics & Real Estate
New York City

NYC Starts Grading Larger Buildings on Energy Efficiency as Some Owners Cry Foul

By Nicholas Rizzi
Premium
A collage of five individuals.
Finance  ·  Leases
New York City

CO Forum Explores How Real Estate Is Preparing for a Greener, Cleaner Future

By Chava Gourarie
Premium
Five men on a golf course, spaced apart.
Leases  ·  Office
New York

Cinderella Story? Empire State Realty Trust Hosts Westchester Golf Outing

By Tom Acitelli
Premium
George Floyd protests in Brooklyn.
National

Sunday Summary: Enough is Enough

By The Editors
Premium
Tony Malkin, CEO of Empire State Realty Trust, in the companies new offices at 111 W33rd st.  - Aaron Adler for The Commercial Observer
Coronavirus
New York City

Companies Won’t Ditch Offices Post-Coronavirus, ESRT’s Tony Malkin Says

By Nicholas Rizzi
Premium
Rich Sarkis, Whitney Arcano, Julio Bruno, James Famularo, Steven Kamali.
Retail
New York City

CO Panel: Half NY Restaurants May Close, Retail Darwinism and the American Dream Mall

By Chava Gourarie
Premium
Empire State Building.
Leases  ·  Coronavirus
New York City

ESRT ‘Will Aggressively Pursue’ Rent Collection From Tenants Who Can Pay

By Rebecca Baird-Remba
Premium
The Empire State Building.
Leases  ·  Retail
New York City

Starbucks Signs Lease at Empire State Building

By Chava Gourarie
Premium
111 West 33rd Street.
Leases  ·  Office
New York City

Engineering Consultant Relocating Offices to 111 West 33rd Street

By Nicholas Rizzi
Premium
1359 Braodway.
Leases  ·  Office
New York City

Fertility Firm Progyny Inks 25K-SF Lease at 1359 Broadway

By Chava Gourarie
Premium

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July 28th 2020 Magazine Issue Cover
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