Empire St Rlty Tr Inc Stock Price, News & Analysis

Empire State Realty Trust (NYSE: ESRT) has signed a new lease with Argo Group for a 30,002 square foot office at 501 Seventh Avenue. This location offers employees easy access to major transport links. The building is equipped with MERV 13 filters, bi-polar ionization, and increased ventilation for health safety. This addition enhances the tenant roster, which includes notable names like Captivate and PVH. Empire State Realty Trust operates a strong portfolio of office and retail properties, totaling 10.1 million rentable square feet.

Empire State Realty Trust (NYSE: ESRT) has signed a new lease agreement with Playfly Sports, LLC for a 29,566 square foot space at 1333 Broadway. This move highlights Playfly's growth as it establishes its Manhattan hub, aiming to harness the advertising agency marketplace's potential. The 12-floor property features industry-leading indoor environmental quality measures and easy access to transportation and amenities. ESRT's portfolio emphasizes healthy buildings and energy efficiency, with 76% of its properties receiving ENERGY STAR certification.

Empire State Realty Trust (NYSE: ESRT) announces the return of the Empire State Building Run-Up on October 26, 2021. This iconic event features elite athletes, including renowned tower runners and challenged athletes, alongside celebrities. Turkish Airlines returns as the presenting sponsor, awarding complimentary flights to top male and female finishers. New participants include performance sportswear brand On Running. The event also supports the Challenged Athletes Foundation, promoting sports for individuals with physical challenges. The Empire State Building continues to celebrate its 90th anniversary as a premier NYC attraction.

Empire State Realty Trust (NYSE: ESRT) has achieved a GRESB 5 Star Rating for the second consecutive year, scoring 94, a notable increase from its 2020 score. The company also secured the highest score in the U.S. diversified group with 96 and an 'A' rating in Public Disclosure Assessment, showcasing its commitment to sustainability and ESG practices. Key initiatives contributing to this success include ambitious goals for net-zero carbon emissions by 2030 for the Empire State Building and 2035 for its entire portfolio, along with Fitwel Certification covering 66% of the portfolio.

The Empire State Building has launched the 'Happily Ever Empire' proposal package, offering couples VIP access to its iconic 86th Floor Observatory for unforgettable engagements. Priced at $1,000 per couple, the package includes a private tour of the building’s exhibits and a chance to propose with stunning views. The observatory has recently undergone renovations worth $165 million, enhancing the visitor experience with a dedicated entrance, a new digital museum, and improved health and safety features. This initiative is part of the building's ongoing commitment to tourism and romance.

Empire State Realty Trust (NYSE: ESRT) has announced that iCapital Network, Inc. will significantly expand its office space at One Grand Central Place by adding 35,186 square feet, bringing total office space to 64,537 square feet. The lease has been extended for an additional six years. This expansion aims to accommodate iCapital's growth and enhance operational capabilities. One Grand Central Place offers top-notch amenities, including access to multiple subway lines and high indoor environmental quality measures, ensuring a safe return to the office.

The Empire State Building celebrates its 90th anniversary by hosting Oktoberfest on the 86th Floor Observatory, in partnership with Bronx Brewery. The event runs from October 14-30, 2021, offering four select beers alongside mini NY-style cheesecakes from STATE Grill and Bar. This marks the first time drinks are served within the Observatory. The building's reimagined guest experience includes interactive exhibits and a dedicated entrance, enhancing visitor engagement. ESB attracts over 4 million annual visitors, highlighting its status as a premier tourist destination.

Empire State Realty Trust (NYSE:ESRT) will release its third quarter 2021 financial results on October 27, 2021, after market close. A conference call is scheduled for October 28, 2021, at 12:00 p.m. ET, where company officers will discuss performance and recent events. The earnings release and supplemental information will be available on the company’s website prior to the call. ESRT has a portfolio covering 10.1 million rentable square feet, including notable properties in Manhattan.

Empire State Realty Trust (NYSE: ESRT) has signed a lease with Le Café Coffee for an 879 square foot space at 250 West 57th Street, enhancing its retail offerings. Located near notable retailers and the Turnstyle Underground Market, this addition is expected to benefit office tenants as well. Le Café Coffee emphasizes quality with unique beans sourced from Colombia, Ethiopia, and Brazil, aligning with ESRT's standards of excellence. As of June 30, 2021, ESRT's portfolio includes 10.1 million rentable square feet across Manhattan and surrounding areas.