Welcome to our dedicated page for Empire St Rlty Tr news (Ticker: ESRT), a resource for investors and traders seeking the latest updates and insights on Empire St Rlty Tr stock.
Empire State Realty Trust Inc (NYSE: ESRT) owns and operates the Empire State Building along with a portfolio of office and retail properties across Manhattan and the greater New York metropolitan area. The company's news flow reflects its unique position as both a commercial landlord and operator of one of the world's most visited landmarks.
News coverage for ESRT typically includes leasing activity across its office and retail portfolio, with announcements about new tenant signings and expansions at properties in Manhattan, Westchester, Connecticut, and the company's growing Williamsburg retail collection. Property acquisitions represent significant news events as the company expands its New York footprint through strategic purchases.
The Empire State Building generates distinctive news content beyond standard REIT coverage. Tower lighting announcements for holidays, cultural events, and partnerships attract media attention and highlight the building's continued cultural relevance. Observatory updates and visitor experience enhancements provide insight into the tourism revenue segment that distinguishes ESRT from conventional office REITs.
Sustainability achievements represent an important news category for ESRT, which has positioned itself as a leader in green building operations. Announcements about energy efficiency milestones, LEED certifications, and GRESB rankings demonstrate the company's ESG commitment. Earnings releases and SEC filings provide quarterly updates on financial performance, occupancy rates, and funds from operations metrics that REIT investors track closely.
Bookmark this page to follow Empire State Realty Trust developments, from major acquisitions and lease signings to the iconic tower lightings that keep the Empire State Building in the global spotlight.
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.
Empire State Realty Trust (NYSE: ESRT) has renewed the lease with Davidson, Dawson, & Clark, LLP for 12,715 square feet at One Grand Central Place, extending their relationship for another 11 years. The decision was influenced by the building's prime location, amenities, and ESRT's commitment to indoor environmental quality. One Grand Central Place features energy-efficient office space, a tenant-only conference center, and enhanced ventilation systems. ESRT, recognized for its sustainability efforts, manages a portfolio covering 10.1 million rentable square feet across Manhattan and surrounding areas.
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.
FAQ
What is the current stock price of Empire St Rlty Tr (ESRT)?
What is the market cap of Empire St Rlty Tr (ESRT)?
