Posts tagged as: realty

Kumar Sangakkara laments over DC’s batting failure against KKR

Deccan Chargers captain Kumar Sangakkara has rued his team’s another batting failure in the ongoing Indian Premier League (IPL). His comments came in the wake of Deccan’s humiliating defeat against Kolkata Knight Riders (KKR) in a crucial game on Sunday. The classy batsman described that his bowlers have done a good job so far, but […]

The real estate business in the corporate world – Part 1

The realty business is starting to take big strides in the US and one of main contenders to make big bucks by entering the corporate world is Empire State Realty Trust, which owns the largest building in New York, the Empire State Building. However, there are certain constraints by which they have to live. First […]

The real estate business in the corporate world – Part 2

Many of these trusts hold international properties and stakes scattered across the United States. Together, Empire State Realty manages 7.7 million square feet of space, including 5.8 million in Manhattan. 79.9% of its New York space is currently leased. The trust also has the option to acquire two more Manhattan properties, adding another 1.4 million […]

The real estate business in the corporate world – Part 3

In 2006, the Malkins assumed day to day control of the Empire State Building and embarked on a $500 million renovation, which will continue past the public offering. The trust expects the Empire State Building makeover to “substantially” finish by 2016, after a further investment of $55 to $65 million funded by cash flow and […]

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