Empire St Rlty Tr Inc Stock Price, News & Analysis

Empire State Realty Trust (NYSE: ESRT) has appointed Jordan Berger as the new vice president of leasing, bringing nearly 20 years of real estate experience. He will manage leasing for ESRT's Manhattan office portfolio and enhance tenant relationships. Previously, Berger was first vice president at RXR Realty, overseeing a substantial portfolio. His appointment aligns with ESRT's strategic focus on sustainability, energy efficiency, and increasing occupancy rates. The company, known for its iconic buildings, continues to be a leader in healthy buildings and has a diverse portfolio totaling approximately 9.4 million rentable square feet.

Empire State Realty Trust (NYSE: ESRT) has been awarded a grant as part of New York State's $50 million Empire Building Challenge, aimed at reducing greenhouse gas emissions by 85% by 2050. The funding supports ESRT's ongoing commitment to carbon neutrality, particularly through its innovative deep energy retrofits that previously achieved a 40% reduction in energy use and 54% in emissions at the Empire State Building. With a goal of net-zero emissions by 2030 for the Empire State Building and 2035 across its portfolio, ESRT is positioned as a leader in sustainable building practices.

Empire State Realty Trust, Inc. (NYSE: ESRT) will release its fourth quarter 2021 financial results on February 16, 2022, after market close. A conference call is scheduled for February 17, 2022, at 12:00 p.m. ET to discuss performance and answer questions. The earnings release and investor presentation will be available on the company's website. ESRT owns a diverse portfolio in Manhattan and the greater New York area, with approximately 9.4 million rentable square feet of office space and 625 multifamily units as of December 31, 2021.

Empire State Realty Trust (NYSE: ESRT) has secured a direct lease agreement with United Rentals Inc. for a full-floor, 51,194 square foot space at 100 First Stamford Place. This award-winning office campus, totaling 776,397 rentable square feet, is strategically located near the Stamford Transportation Center and I-95. Recent upgrades include enhanced amenities like fitness centers and improved air quality measures. The lease strengthens ESRT’s portfolio in Connecticut's business district, providing competitive offerings for tenant recruitment.

Empire State Realty Trust (NYSE: ESRT) announced that Signature Bank is expanding its office space at 1400 Broadway by over 168,310 square feet, doubling its previous space. The new lease covers a total of 280,182 square feet across 10 floors and is secured for 15 years. This move highlights the demand for quality office space, with ESRT providing exceptional energy efficiency and indoor air quality. ESRT manages 9.4 million square feet of office and retail properties in New York City, emphasizing its leadership in environmentally friendly real estate.

Empire State Realty Trust (NYSE: ESRT) announced that Clarins USA signed a new lease for a 15,109 square foot space at 1400 Broadway, enhancing the building's tenant portfolio. Clarins aims to create an energy-efficient headquarters that promotes collaboration and aligns with its corporate values. The building, part of ESRT's modernized portfolio, features enhanced amenities and superior indoor air quality. ESRT continues to attract high-quality tenants, showcasing its leadership in energy efficiency and environmental quality.

The Empire State Building (ESB) has unveiled an updated curriculum for student visits to its newly renovated Observatory, in collaboration with Bank Street College of Education. This initiative coincides with the 90th anniversary of ESB and the $165 million upgrade completed in December 2019. The curriculum aligns with New York State Learning Standards for STEAM and social studies, offering interactive lesson plans for diverse student groups. The renovation enhances visitor experience and includes advanced environmental quality measures, contributing to ESB's recognition as a leader in energy efficiency.

Empire State Building (ESB) is celebrating the holiday season with festive decorations, local pop-up vendors, and live music. The Fifth Avenue Lobby features themed windows and a towering Christmas tree, with holiday performances by professional pianists daily. Notable pop-up vendors include Craft+Carry and DŌ, offering exclusive treats. The building recently underwent a $165 million renovation, enhancing guest experiences with improved indoor environmental quality. Holiday decorations will be on display until January 6. ESRT, parent company of ESB, continues its commitment to sustainability, being fully powered by renewable energy.