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Thu Jun 27, 2013, 11:29 AM


Empire State Building garners $2.1 billion cash bid by mystery would-be buyer

By Daniel Beekman / NEW YORK DAILY NEWS

A mystery Middle Eastern bidder has offered $2.1 billion for the Empire State Building, topping a $2 billion bid by a part-owner of the Woolworth Building.

Both of the colossal bids are cash offers and the flush Middle Eastern group is prepared to wage a bidding war, a New York real estate executive working with the bidder told the Daily News.

“These people want this asset badly,” said Philip Pilevsky, CEO of Philips International. “If they want something, they’ll get it.”

The bids for the 102-story skyscraper were revealed in a June 24 filing with the U.S. Securities and Exchange Commission that was made public Wednesday.

Read more at http://www.nydailynews.com/new-york/empire-state-building-garners-2-1-billion-bid-article-1.1383574

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