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Empire State Realty Trust, Inc. reports developments as a New York City-focused REIT with office, retail and multifamily assets and a separate Observatory business at the Empire State Building. Recurring updates include quarterly results, leasing and tenant amenity investments, NYC retail acquisitions and property financing, and capital recycling within its real estate portfolio.
The company's announcements also include Empire State Building Observatory programming, seasonal visitor experiences, health and safety certifications, energy efficiency and indoor environmental quality initiatives, and investor conference participation. These themes connect ESRT's real estate operations with the visitor-facing Observatory segment and its portfolio strategy in Manhattan and Brooklyn.
Empire State Realty Trust (NYSE: ESRT) announced a long-term commercial lease with the Claims Conference for 33,803 square feet at 1359 Broadway, a property they have occupied since 2007. Claims Conference will relocate within the same building, which is fully modernized and offers energy-efficient features. The building's prime location in Midtown Manhattan provides easy access to transportation and amenities. ESRT has seen significant tenant expansions since its 2013 IPO, totaling 2.5 million square feet. This lease reflects ESRT's commitment to sustainability and tenant growth.
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Empire State Building introduces a new sunrise experience beginning April 1, featuring stunning views from the 86th Floor Observatory. Guests will enjoy complimentary Starbucks Reserve microblend coffee and artisanal Princi pastries during this exclusive event offered every Saturday. Reservations are required due to limited capacity. This experience follows a $165 million renovation of the Observatory, now recognized as the #1 attraction in the U.S. and #3 globally per Tripadvisor's 2022 awards. The enhanced facility boasts immersive exhibits detailing the Empire State Building's rich history.
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Empire State Realty Trust (NYSE: ESRT) announced that Chairman and CEO Anthony E. Malkin, along with COO and CFO Christina Chiu, will present at the Citi 2023 Global Property CEO Conference on March 6, 2023, at 3:40 PM Eastern Time. The company manages office, retail, and multifamily properties in Manhattan and the greater New York area, including the iconic Empire State Building. A live audio-webcast will be available on the company’s website, with a replay accessible until March 6, 2024. As of December 31, 2022, ESRT’s portfolio includes approximately 8.9 million rentable square feet of office space and 721 residential units.
Empire State Realty Trust (NYSE: ESRT) announced the leasing of approximately 100,000 square feet at the Empire State Building (ESB) between late 2022 and early 2023. This includes a significant 16-year lease of 65,000 square feet by a North American engineering firm, alongside OFS Brands and Resolution Life, Inc., which signed leases totaling 23,500 square feet. The new tenants were attracted by ESB's sustainability practices, extensive amenities, and strategic location in New York City. The engineering firm's identity will be disclosed by March 2023.
On February 17, the Empire State Building (ESB) and iHeartMedia will host the "iHeartRadio Album Release Party with P!NK" to celebrate her new album, TRUSTFALL. The event includes a special lighting ceremony with P!NK flipping the switch at the Observatory, followed by an exclusive interview and performance on the 80th floor. Fans can win tickets through iHeartRadio stations from February 9 to 16. The lighting show, set to her new single "Never Gonna Not Dance Again," will air on New York's Z100 and 103.5 KTU. ESB has recently undergone a $165 million renovation and is the number one attraction in the U.S., welcoming over 4 million visitors annually.
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Empire State Realty Trust (NYSE: ESRT) has achieved the WELL Health-Safety Rating across its entire portfolio for the third consecutive year. This certification highlights the company’s commitment to healthy indoor environments.
ESRT became the first commercial real estate portfolio in the Americas to obtain this rating and is among the first globally to complete its annual renewal. The company plans to engage with the WELL at scale program and adopt the newly introduced WELL Equity Rating, focusing on diversity and inclusion. The WELL Health-Safety Rating ensures that buildings meet rigorous health and safety standards, further validating ESRT's leadership in creating healthy buildings.
Empire State Realty Trust (NYSE: ESRT), a prominent REIT managing diverse assets in Manhattan and New York, announced the 2022 tax treatment of its Class A common stock distributions. Stockholders are encouraged to consult tax advisors regarding the cash distributions paid throughout 2022, which totaled $0.140 per share, with specific allocations outlined for various tax reporting categories. Notably, the Empire State Building remains a key asset and a top U.S. attraction, enhancing the company’s profile in the real estate market.