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Empire State Realty Trust Endures Rough Recovery

Empire State Realty Trust CEO Tony Malkin (Getty, iStock)
Empire State Realty Trust is bracing for its second largest tenant to exit its most iconic office property.
While the real estate investment trust reported a second quarter uptick in leases across its portfolio, CEO Tony Malkin shared the news on Thursday that GBG, which leases 353,000 square feet at the Empire State Building, had just filed Chapter 11 proceedings.
But Malkin told analysts at the earnings call that “we’ve been on top of this situation for several months.”
GBG, a subsidiary of Global Brands Group Holding, is only behind LinkedIn as the largest tenant at ESRT’s Empire State Building. GBG has already subleased 162,000 square feet of space to a single tenant, said ESRT Chief Financial Officer Christina Chiu. She added the REIT will continue to receive rent payments directly from the subtenant as GBG goes through its restructuring process. ....

Tony Malkin , Christina Chiu , Tony Malkin Getty , Empire State Realty , Global Brands Group Holding , Empire State Realty Trust , State Realty Trust , Empire State Building , Financial Officer Christina , டோனி மல்கின் , கிறிஸ்டினா சியு , டோனி மல்கின் கெட்டி , பேரரசு நிலை ரியல்டீ , உலகளாவிய பிராண்டுகள் குழு வைத்திருத்தல் , பேரரசு நிலை ரியல்டீ நம்பிக்கை , நிலை ரியல்டீ நம்பிக்கை , பேரரசு நிலை கட்டிடம் ,

Empire State Realty Trust (ESRT) Q2 2021 Earnings Call Transcript

Empire State Realty Trust (ESRT) Q2 2021 Earnings Call Transcript
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Empire State Building , Tom Keltner , Greg Faje , Manny Korchman , Christina Chiu , Tom Durels , Parker Ticrany , Tony Malkin , Li Fung , Craig Mailman , Empire State Realty , Union Square , Empire State Realty Trust , State Realty Trust , Chief Executive , New York City , York City , Greater New York , Labor Day , July Fireworks , North American , Vice President , Greater New York Metropolitan , Empire State ,

Day in the Life: Hope Dworaczyk Smith, Founder of Skincare Brand Mutha

Day in the Life: Hope Dworaczyk Smith, Founder of Skincare Brand Mutha
businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Deepak Chopra , Dorthy Brown , Robert Smith , Christina Chiu , Walter Isaacson , Dworaczyk Smith , Emma Roberts , Bergdorf Goodman , European Union , Morehouse College , Hope Dworaczyk Smith , Oasis Med Spa , New York City , Vista Equity , Violet Grey , Bad Mutha , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , தீபக் சோப்ரா , தொர்த்தி பழுப்பு , ராபர்ட் ஸ்மித் , கிறிஸ்டினா சியு , வால்டர் ஐஸக்‌ஸந் , எம்மா ராபர்ட்ஸ் ,

Empire State Realty Trust to Present at the Citi 2021 Virtual Global Property CEO Conference

Empire State Realty Trust to Present at the Citi 2021 Virtual Global Property CEO Conference
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

Empire State Realty Trust , Real Estate Investment Trust , New York Metropolitan Area , Chief Executive Officer , Office Properties , Retail Portfolio , Christina Chiu , பேரரசு நிலை ரியல்டீ நம்பிக்கை , ரியல் எஸ்டேட் முதலீடு நம்பிக்கை , புதியது யார்க் பெருநகர பரப்பளவு , தலைமை நிர்வாகி அதிகாரி , அலுவலகம் ப்ராபர்டீஸ் , சில்லறை போர்ட்‌ஃபோலீயோ , கிறிஸ்டினா சியு ,

Best Bets for the Break: A quick guide to online entertainment and virtual experiences

“King in the Wilderness” at 5 p.m. Friday, Feb. 26,
online. The documentary chronicles the final chapters of the Rev. Martin Luther King Jr.’s life. Free.
• Warwick’s bookstore presents author
Lauren Willig at 5 p.m. Monday, March 1, online. The ticketed event launching Willig’s new book, “Band of Sisters,” and celebrating Women’s History Month with Marie Benedict, Kristin Harmel and Vanessa Riley, includes a copy of the book, an autographed bookplate, a gift and shipping. $35.
• La Jolla LearningWorks presents
“How to Get Your Child to Listen to the Important Things You Say” at 4:30 p.m. Tuesday, March 2, online. Marla Flores will discuss conversation approaches and how to individualize them for children. Free. ....

San Diego Public Library , United States , United Kingdom , Scripps Institution Of Oceanography , Border Field State Park , Point Loma , Preuss School , Baja California , Tijuana River , San Diego , San Diego County , La Jolla , Julian King Monroe , Starla Lewis , Miriam Makeba , Walter Sickert , Hugh Davies , Jolla Learningworks , Rhys Greene , Sadeqa Johnson , Laura Zam , Margaret Leinen , Christina Chiu , Vanessa Riley , Stanley Spencer , Lauren Willig ,