Who Owns the Empire State Building?

on Aug 9, 2016 in Architecture

The Empire State Building is one of the most popular buildings within the United States and the world. This building was erected in 1931 and it was the tallest structure in the world up until 1970. Currently it is ranked as the fifth tallest structure within the U.S. and the 29th tallest in the world. Many people probably wonder who actually owns the Empire State Building and the simple answer to that question is that no one single person owns this massive structure. The simple answer to this question is that the building is owned by a major New York based real estate company named Empire State Realty Trust. This particular real estate organization has owned the Empire State Building since 2013. Former Real Estate Owners When the Empire State Building was first constructed it belonged to John J. Raskob and Pierre S. du Pont. Raskob was the primary owner of the building and his name is the most remembered between the two owners. Raskob held onto the building until 1951 when he sold it to Roger L. Stevens and his business partners. Keep in mind that the Empire State Building was a huge success in terms of engineering significance and its location. This building was designed in an upscale location of New York and was frequented by many great American leaders, national celebrities and international personalities. However, the building was not making a profit for Raskob and his associates. So they had no choice but to sell it in the early 50’s. Once Roger L. Stevens purchased the building he sold it to one of his partners named Colonel Crown. Once Crown purchased the building in 1954 he held onto to it until 1961 when he sold it to Harry B. Helmsley, Lawrence A. Wien and his son-in-law Peter Malkin. They resold the building to Prudential Insurance for $29 million. Prudential Insurance held onto the building all the way until 1991. They then sold the Empire State Building to Oliver Grace Jr for $42 million. It was later revealed that Grace Jr. had secretly purchased this building for Hideki Yokoi, a Japanese hotelier, who was serving out a prison sentence for a deadly fire at one of his hotels. So, the sale was not valid. Donald Trump Era Believe it or not, the 2016 Republican Presidential nominee Donald Trump, was the real estate agent who brokered deals for of the Empire State Building. Trump worked closely with Hideki Yokoi’s daughter, Kiiko Nakahara, to take the Empire State from Malkin and his associates. This happened in 1995 and a 7-year court battle over this issue took place. Malkin had died in 1997 and over the course of the next 5-years they managed to obtain Malkin’s control of the Empire State Building. They sell their share for $57.5 million to Helmsley – Spear. The Malkin’s reclaim the building back in 2006. By 2012 the Malkin’s decided to publicly trade the Empire State Building, but they were opposed. Eventually, the building was acquired by the current owners, Empire State Realty Trust Inc. who got the building by publicly trading it. Empire State Reality Trust Inc. has been managing the building since...

Which cities are best for Start-ups?

on Jul 12, 2016 in Business

These cities should be prime targets for anyone that wants to start a business and see it grow quickly. The list had several interesting names, so potential start-ups should take note.

The Benefits of Using Headhunters in the DC Area

on Jun 27, 2016 in Business

There are many businesses and companies in today’s society who are in search of a qualified candidate to fill a specific position that the company has available and needs to be filled. What a lot of those company’s elect to do to fill a specific executive position is use a Headhunter who has experience in helping employers find a great match in order to fill these positions. It is usually a manager or someone who works in the company’s Human Resources department that draws up a specific description, describing what type of candidate that the company is seeking to fill the available position. In this description the manager or HR professional will usually include the type of skills they are seeking from a qualified candidate both hard and soft skills. In this description they will also describe the type of personality they are looking for in a candidate with hopes of finding someone who will fit well with their company or organization. After being given the description of what type of candidate the company is looking for, a headhunter will then begin immediately searching for an exact match to the description they have been given. The whole purpose of hiring a headhunter is to make the process of finding the exact type of candidate a smooth and swift process and not to complicate it. A potential candidate should not take rejection personal if they do not receive a call regardless of how great their background is. It is more about the Headhunter being given specific guidelines to go by when searching for the exact match of the type of candidate a company is looking for. In some cases an HR representative could make the hire themselves but it could be that they just do not have the time to do an extensive search for the specific candidate that the company is looking for, so they elect to go the route of hiring a Headhunter. Cameron Stehle is a Contract Engineering Recruiter at Aerotek in the Washington D.C. Metro Area. Stehle studied and graduated at the University of South Carolina-Columbia and besides working as an Engineering Recruiter he has also worked as a College Financial Represntative as well. Another great Headhunter in the DC area is Nels...

The Building That Is New York

on Jun 27, 2016 in Architecture

If planning a trip to the Big Apple, no visit would be complete without a visit to what some may consider the most iconic building not only in the United States, but one of the most iconic buildings in the world. The Empire State Building stands as a symbol of ingenuity and strength from the backs that built it in 1931. The Empire State Building also has appeared in countless movie films and television shows. Unique Features Built during a time of competition, the Empire State Building stands at 1,454 feet if including the antennae which shoots like a spire toward space, however, the roof height only reaches 1,250 feet. When it was completed in 1931 it was the tallest building in the world, and it stood that way for over 40 years. When it was built, the investment group competed with the Chrysler group who worked on making the Chrysler building the tallest in the world, but in the end the Empire State Building won the contest. Some unique features of The Empire State Building include: –102 stories -An observation deck to see the whole city -Energy Effeciency -Eco-friendly structure -Named because New York is the Empire State Unique Historical Events When visiting the (ESRT) Empire State Building, a few things to keep in mind is some of the unique historical events that have occurred in, on, or around the building. First of all, the building used 3,400 workers to erect the edifice. In an eerily similar incident reminiscent of 9/11 a small plane crashed into the building in 1945. The accident was a result of poor flying in foggy conditions. Cost of building the Empire State Building in 1931 was just under $41 million. Cost to renovate it in 2011, over $550 million. Who Owns the Empire State Building? A building with so much history and mystery invites visitors from around the world to come visit and reach the 102 floor observation deck to view the world. The Empre State Trust has undergone many renovations, most recently in 2010 where it was made more energy efficient, and brought up to code. But who owns the building? It is owned by Empire State Realty Trust, where Anthony Malkin is chairman and CEO. No trip to New York is complete without a visit to the Empire State...

Safe Home: The Right Window Can Help Prevent a Burglary

on May 23, 2016 in Business

One aspect of a home that is sometimes overlooked is its windows. Most people don’t pay much attention to windows, besides looking through them. But the truth is a window provides a lot more than it is given credit and could do much more if the right window is chosen. Protect a Home With the Right Windows More than 2.5 million homes deal with unwanted intrusions, and many of those crimes start with an unsecured or weak window. An experienced window installer can help install simple security locks for a home window, but it is important to pay attention to the kind of window that is being used. Believe it or not, most windows are made with one glass pane. This is very thin and simply cannot resist a strike from a burglar. This is something that a good window company, like the Window and Door Company or the Thompson Creek Window Company Review Company can check for a homeowner. Remember that these are just some of the trusted window installers that serve Maryland residents. A homeowner will have a few choices to make should the window specialist find that the security the window provides is inadequate, like the following: Resistance Class RC 1 This type of window is usually considered the lowest standard of security a home should have. A window expert might suggest that a homeowner install these types of windows in the top floors where a home intrusion is less likely. Still the windows are particularly strong, even though they are not made with safety glass. The difference between Class RC 1 and other windows is the methodical anchoring of the glass into the frames. The frame of these windows are particularly strong and can resist an attempt. Resistance Class RC 2 This type of window also benefits from reinforced window frames to resist burglar’s intentions to pry open the window. But it is also the first type of residential window that uses safety glass. The strength of this safety glass could be compared to the safety glass used for a vehicle. It is often called laminated glass by most experts, and the security level is definitely worth it. The glass is made with two window panes, which are bonded by a transparent foil. The burglar may try to strike or break the window with tools or a rock to meet resistance. This should deter the burglar from attempting to open the window again, leaving a home safe. There are other types of security measures that a homeowner can take that a good window specialist can discuss. But it is clear to see why a window is much more than just...