ESRT - Mergers and acquisitions

 - Acquires Manhattan Multifamily Asset for $115 Million – - Closed on Sale of Non-Core Office Asset for $42 Million – - Update on Observatory, Balance Sheet Recycling, and Share Repurchases - Empire State Realty Trust, Inc. (NYSE:ESRT) (the "Company"), is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the Empire State Building, the World's Most Famous Building, and Tripadvisor's 2022 Travelers' Choice Best of the Best Awards #1 attraction in the U.S. and #3 attraction in the world, the newly reimagined and iconic Empire State Building Observatory. Today, the Company provided the following update on it

As the Building marks 90 years in 2021, an updated curriculum for student group visits to the brand-new Observatory Experience offers new academic rigor in engineering, history, tech, and sustainability NEW YORK, Dec. 14, 2021 /PRNewswire/ -- The Empire State Building (ESB), in partnership with Bank Street College of Education, today announced its updated, interactive lesson plans for student group visits to its brand new $165 million Observatory upgrade.  The curriculum follows New York State Learning Standards for STEAM (science, technology, engineering, arts, and mathematics) and social studies curricula and has grade level appropriate lesson plans for elementary, middle, and high schoo

Empire State Realty Trust, Inc. (NYSE:ESRT) (the "Company"), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced that its Board of Directors has declared a dividend of $0.035 per share for the fourth quarter of 2021, payable to holders of the Company's Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.'s ("ESRO") Series ES, Series 250 and Series 60 operating partnership units (NYSE:ESBA, FISK and OGCP, respectively))) and Series PR operating partnership units. The Board of Directors has declared a dividend of $0.15 per unit for the fourth quarter of 2021,

NEW YORK, Nov. 18, 2021 /PRNewswire/ -- Holiday cheer is in full swing at the Empire State Building (ESB) as the iconic landmark unveils local pop-up vendors, over-the-top decorations, and plans for musical performances through the end of the year. As of today, the building's Fifth Avenue Lobby windows are adorned with holiday scenes which feature gold, glitter, and candy landscapes to honor the most wonderful time of the year. The spectacular windows are complimented by the landmarked, Art Deco lobby's holiday lights, wreaths, and a towering Christmas tree. Visitors who pass

NEW YORK, Oct. 28, 2021 /PRNewswire/ -- Empire State Realty Trust (NYSE:ESRT) announced today that Davidson, Dawson, & Clark, LLP, a leading Trusts and Estates firm in New York City, has renewed their lease at One Grand Central Place. The lease for the 12,715-square-foot unit has been extended for 11 years. "Our valuable relationship with ESRT was one component in our decision to extend our lease at One Grand Central Place," said James Kelly, managing partner at Davidson, Dawson, & Clark, LLP. "The added benefit of the building's amenities and prime location, along with ESRT'

NEW YORK, Oct. 27, 2021 /PRNewswire/ -- Empire State Realty Trust (NYSE:ESRT) announced today that Argo Group, an international specialty insurance provider, has signed a new lease with ESRT for a full-floor, 30,002 square foot office space at 501 Seventh Avenue. At the corner of 37th Street and Seventh Avenue, 501 Seventh Avenue provides tenants with convenient access to Penn Station, Grand Central Terminal, subway lines, and nearby shopping, dining, and lodging. The building's tenant roster includes Captivate and PVH. "Argo Group employees will have peace of mind in a healt

NEW YORK, Oct. 27, 2021 /PRNewswire/ -- Empire State Realty Trust (NYSE:ESRT) announced today that Playfly Sports, LLC., a leading sports marketing, media, and technology company, has signed a new lease with ESRT for a 29,566 square foot, full-floor space at 1333 Broadway. "Over the last year since our founding, Playfly has benefitted from exponential growth. 1333 Broadway will serve as our Manhattan hub for outstanding talent, innovation, and creative services in the heart of the world's largest client and advertising agency marketplace," said Craig Sloan, COO at Playfly Spor

NEW YORK, Oct. 19, 2021 /PRNewswire/ -- Empire State Realty Trust (NYSE:ESRT) announced today that it achieved the highest possible Global Real Estate Sustainability Benchmark (GRESB) 5 Star Rating for the second consecutive year with a score of 94, a six-point increase from ESRT's first year of participation in 2020. ESRT additionally received a score of 96 – the highest in the U.S. diversified group – and an "A" rating in the Public Disclosure Assessment, which measures ESG disclosure activities. GRESB is a rigorous standard that assesses and benchmarks the ESG performance of real assets and provides standardized and validated sustainability data to the capital markets each year. The work

Guests can now pop the question and toast to their "yes!" at the top of the World's Most Romantic Building NEW YORK, Oct. 18, 2021 /PRNewswire/ -- Today, the Empire State Building (ESB) launched 'Happily Ever Empire' – an unforgettable proposal package that provides couples with VIP access to the Observatory Experience. Ticket holders are invited to pop the question at a prime, dedicated corner of the building's iconic, open-air 86th Floor Observatory and pop a bottle of Champagne to celebrate the memorable moment. The exclusive package – priced at $1,000 per couple – inclu

NEW YORK, Oct. 13, 2021 /PRNewswire/ -- Empire State Realty Trust (NYSE:ESRT) announced today that iCapital Network, Inc., a leading global financial technology platform that improves access and efficiency in alternative investing for the asset and wealth management industries, will more than double its existing office space at One Grand Central Place. The company will expand 35,186 square feet from its previous 29,351 square foot space for a total of 64,537 square feet of office space across three contiguous full floors. The previous 11-year lease has additionally been extended for six years. The expanded footprint will support iCapital's exponential growth in recent months and continued op

NEW YORK, Oct. 13, 2021 /PRNewswire/ -- Prost! In its 90th year, the Empire State Building (ESB) has much to toast to as it brings Oktoberfest to its iconic 86th Floor Observatory with Bronx Brewery every Thursday through Saturday, Oct. 14-30 from 5-9 p.m. The pop-up marks the first time in the building's history that drinks will be served within the Observatory Experience. "We continue the 90th Anniversary celebration of the World's Most Famous Building this fall in partnership with local favorite Bronx Brewery," said Jean-Yves Ghazi, president of the Empire State Building Ob

NEW YORK, Sept. 28, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE:ESRT) announced today that Le Café Coffee, a specialty crafted coffee shop with traditional pastries and artisanal healthy foods, has signed a new lease with ESRT for an 879 square foot space at 250 West 57th Street. "Le Café is proud to maintain the highest standard in coffee selection with unique beans from Colombia, Ethiopia, and Brazil," said Raphael Sakr, founder and CEO of Le Café Coffee. "Passion, integrity, commitment, and outstanding quality are at the core of our brand, and we are happy t

NEW YORK, Sept. 27, 2021 /PRNewswire/ -- Empire State Realty Trust (NYSE:ESRT) announced today that global fashion retailer American Eagle Outfitters has signed a new lease for a 2,874 square foot retail space at its prime main street location at 69-97 Main Street. The ESRT-owned shops in Westport, Connecticut are now fully leased after a major tenant repositioning program. The shops at 69-97 Main Street are at the center of Westport's premier shopping district. Dual store entrances provide direct access to the premises from both Main Street and Parker Harding Plaza for guest

NEW YORK, Sept. 7, 2021 /PRNewswire/ -- The Empire State Building announced a partnership with famed New York City designer LaQuan Smith to create the city's most iconic catwalk for New York Fashion Week. This Thursday, Sept. 9, the Queens-born native New Yorker will get the keys to the World's Most Famous Building – named "the most dramatic NYFW venue" by VOGUE – to showcase his Spring/Summer 2022 collection to an elite group of fashion's most desired guests, as models strut in the first-ever fashion show held in the center of New York City's skyline. "Showing at the Empire S

Empire State Realty Trust, Inc. (NYSE:ESRT) (the "Company"), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced that its Board of Directors has declared a dividend of $0.035 per share for the third quarter of 2021, payable to holders of the Company's Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.'s ("ESRO") Series ES, Series 250 and Series 60 operating partnership units (NYSE:ESBA, FISK and OGCP, respectively))) and Series PR operating partnership units. The Board of Directors has declared a dividend of $0.15 per unit for the third quarter of 2021, pa

NEW YORK, July 6, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE:ESRT) announced today that Rizzo Group, a leading building code consulting firm, and CodeGreen Solutions, Inc., a decarbonization and sustainability solutions provider have signed a new, 11-year office lease with ESRT for an 11,835 square foot space at 1350 Broadway. The companies will relocate to this larger space from their prior space at 1333 Broadway. "We will return to the office with an expanded footprint and confidence in ESRT's high-performance safety protocols and years-long leadership in in

NEW YORK, June 24, 2021 /PRNewswire/ -- Empire State Realty Trust (NYSE:ESRT) announced today that the 10th annual Empire State Building Photo Contest will return on June 24, 2021. Photographers of all skill levels are invited to share their best images of and from the famous building for a chance to win the grand prize of $5,000 and a gift card for photo equipment with a retail value of $500. The second-place winner will receive a $1,500 check. In honor of the Empire State Building's 90th anniversary, there will be 90 finalists in this year's contest. Photographers have a cha

NEW YORK, June 10, 2021 /PRNewswire/ -- Empire State Realty Trust (ESRT) has partnered with New York State to become the first commercial portfolio to now accept Excelsior Pass as an alternative to current entry screening procedures, and to provide mask-optional entry for those fully vaccinated to the recently reimagined Empire State Building Observatory Experience. The partnership kicks off this weekend when 100 people will have the opportunity to get vaccinated at the Empire State Building and also receive complimentary admission to the Observatory (while supplies last). Empire State Building 102nd Floor Observatory As of June 9, fully vaccinated tenants and visitors w

Empire State Realty Trust, Inc. (NYSE:ESRT) (the "Company"), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced that its Board of Directors has reinstated and declared a dividend of $0.035 per share for the second quarter of 2021, which equates to an annualized rate of $0.14 per share. This amount is payable to holders of the Company's Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.'s ("ESRO") Series ES, Series 250 and Series 60 operating partnership units (NYSE:ESBA, FISK and OGCP, respectively))) and Series PR operating partnership units. "Board and

NEW YORK, April 29, 2021 /PRNewswire/ -- The World's Most Famous Building, the Empire State Building (ESB) will celebrate its 90th anniversary May 1, 2021. "The Empire State Building, the international icon and symbol of dreams, was a record breaker and trendsetter 90 years ago," said Anthony E. Malkin, chairman, president, and CEO of Empire State Realty Trust. "Today she is fully modernized for the 21st century, a world leader in energy efficiency retrofits in the built environment, indoor environmental quality, and on building health practices." "Since we first opened our d

- Earnings Per Share of ($0.02) Per Fully Diluted Share - - Core FFO of $0.15 Per Fully Diluted Share - - $1.4 Billion of Liquidity, No Outstanding Debt Maturity Through 2024 - - Indoor Environmental Quality and Energy Efficiency Differentiate Portfolio - Empire State Realty Trust, Inc. (NYSE:ESRT) (the "Company"), a real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today reported its operational and financial results for the first quarter of 2021. "We remain realistic about the current market and confident in New York City's recovery. The ongoing, successful vaccination rollout, increased leasing and sales of apartm

NEW YORK, April 20, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE:ESRT) announced today that Zentalis Pharmaceuticals, Inc. a clinical-stage biopharmaceutical company focused on the discovery and development of small molecule therapeutics that target fundamental biological pathways of cancers, has signed a new lease with ESRT for a 31,362 square foot office space at 1359 Broadway.  "At Zentalis, we are committed to ensuring our employees' safety and wellbeing, and we are thrilled our new corporate office space will provide our growing team with a healthy and prod

NEW YORK, April 19, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today it has signed a new long-term office lease with Burlington Stores that doubles the company's footprint at 1400 Broadway from 35,182 to 68,307 square feet. Burlington Stores is a nationally recognized off-price retailer with great values on a wide assortment of merchandise. "We value our long-standing relationship with ESRT and are pleased to be able to expand our footprint with an additional floor at 1400 Broadway in New York City," stated Gayle Aertker, EVP Store Development, Burlington Stores. "As Burlington continues to grow and as we execute on our Burlington 2.0 Initiatives, we appreci

NEW YORK, April 19, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE:ESRT) announced today it has signed a new long-term office lease with Burlington Stores that doubles the company's footprint at 1400 Broadway from 35,182 to 68,307 square feet. Burlington Stores is a nationally recognized off-price retailer with great values on a wide assortment of merchandise. "We value our long-standing relationship with ESRT and are pleased to be able to expand our footprint with an additional floor at 1400 Broadway in New York City," stated Gayle Aertker, EVP Store Development, Burlington Stores. "As Burlington continues to grow and as we execute on our Burlington 2.0 Initiatives, we apprecia

NEW YORK, April 14, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE:ESRT) today shared its 2020 Sustainability Report that details the current state of its ESG, Healthy Buildings, and Indoor Environmental Quality accomplishments and recognition.  The report sets forth ESRT's quantified goals and commitments to lead the industry towards a net zero future; and transparent metrics and disclosure around diversity with measurable goals for continued improvement which include: Net-zero carbon emissions across its entire real estate portfolio by 2035 Net-zero carbon emissi

Empire State Realty Trust (NYSE:ESRT) today announced it has been awarded the 2021 ENERGY STAR Partner of the Year Award by the U.S. Environmental Protection Agency and the U.S. Department of Energy. This achievement recognizes ESRT for its outstanding contributions and leadership in the fight against climate change and resultant benefits to the environment and public health. "Empire State Realty Trust is honored to receive the ENERGY STAR Partner of the Year award, that demonstrates our leadership not only through the goals we set, but in the results achieved in energy efficiency," said Dana Robbins Schneider, ESRT's senior vice president, director of energy, sustainability & ESG. "We hav

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced that it has closed on an $850 million, four-year unsecured revolving credit agreement with a group of financial institutions. The new unsecured facility, which has an initial maturity of March 31, 2025 that can be extended by two, six-month periods at the Company’s option, will replace the Company’s existing undrawn revolving credit facility that was scheduled to mature on August 29, 2021. In addition, the facility has a sustainability-linked pricing m

NEW YORK, Feb. 8, 2021 /PRNewswire/ -- The Empire State Building (ESB) today announced that it will celebrate Lunar New Year in partnership with China's Consulate General in New York with a Feb. 10 lighting of its world-famous tower lights, and the unveiling of a new Spring Festival window display in its Fifth Avenue lobby that celebrates the Year of the Ox. Continue Reading (PRNewsfoto/Empire State Realty Trust, Inc.) (PRNewsfoto/Empire State Realty Trust, Inc.) On Feb. 10, 2021 just before sunset at 5 p.m. EST, guests from around the world can join the virtual lighting ceremony on the Empire State Building's YouTube page and witn

NEW YORK, Feb. 4, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today it has signed a full-floor lease with Transit Wireless at 1400 Broadway for 32,499 square feet. (PRNewsfoto/Empire State Realty Trust, Inc.) "We are pleased to accommodate the growth of Transit Wireless through a relocation from 1350 Broadway, where they occupied 24,503 sq. ft. though sublease," said Thomas P. Durels, executive vice president, real estate for ESRT. "Transit Wireless' employees will enjoy the newly built tenant lounge at 1400 Broadway with superior Indoor Environmental Quality delivered through new ventilation systems with MERV-13 filters and active bi-

NEW YORK, Feb. 3, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) today added to its industry leadership in sustainability with the purchase of renewable wind electricity for its entire commercial portfolio. A new three-year contract with Green Mountain Energy makes ESRT the nation's largest 100% user of green power in real estate (source). "ESRT is the leader in sustainable operations with a viable example of how to scale carbon neutral technologies, strategies and policies to balance with an effective economic business case," said Dana Robbins Schneider, SVP, director of energy, sustainability & ESG at Empire State Realty Trust. "We have purchased renewable power from

NEW YORK, Jan. 26, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Pera Mediterranean Brasserie, the critically acclaimed restaurant from BK Restaurant Partners, has renewed its lease at One Grand Central Place. "Pera Mediterranean Brasserie provides the tenants of One Grand Central Place with an upscale eastern Mediterranean restaurant experience," said Fred C. Posniak, Senior Vice President, Leasing, for ESRT. "Whether it's for a business lunch or casual dinner, our tenants and locals love Pera's food and service." "As everyone knows, it has been a very difficult time for restaurants, and we were thrilled to work with such an innovative and forwa

NEW YORK, Jan. 25, 2021 /PRNewswire/ -- The Empire State Building (ESB), in partnership with iHeartMedia New York, today launched a national contest that will gift one couple the socially distanced wedding of their dreams on Valentine's Day weekend at the world's most romantic building, with everything from the dress to the wedding rings included. From Jan. 25 through Feb. 5, couples whose 2020 wedding dreams were postponed or canceled due to the coronavirus pandemic can share their story online at Z100.com or LiteFM.com for the chance to win a jaw-dropping ceremony on Feb. 13, 2021 at the building's 86th Floor Observatory. (PRNewsfoto/Empire State Realty Trust, Inc.)

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced the 2020 tax treatment of the Company’s Class A common stock distributions, as described below. The following table summarizes, for income tax purposes, the nature of the cash distributions paid by the Company to its stockholders during the year ended December 31, 2020 and the appropriate Form 1099-DIV box number. The Company paid a dividend in the first and second quarters of 2020 and suspended the dividend for the third and fourth quarters of 2020. S

NEW YORK, Jan. 21, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today it has signed two new leases at One Grand Central Place. (PRNewsfoto/Empire State Realty Trust, Inc.) Belkin Burden Goldman, LLP, a real estate-focused law firm, signed a new lease for 30,598 square feet at One Grand Central Place. Jeffrey Peck, Daniel Horowitz, and Jacob Stern from Savills represented Belkin Burden Goldman, LLP in the lease negotiations. Dime Community Bank, a local New York City-based bank that has been in business for more than 150 years, signed a new lease for 19,401 square feet. Previously Dime Community Bank occupied a 3,643 square foot space a

NEW YORK, Jan. 11, 2021 /PRNewswire/ -- The Empire State Building today announced its participation in President-Elect Biden's plan to memorialize American lives lost from the COVID-19 pandemic with its iconic heartbeat lighting. For several months during New York City's direst period, the Empire State Building's heartbeat exhibited solidarity with and support for the millions of people affected by COVID-19, and specifically the emergency workers who addressed the first, great assault of the pandemic.  Continue Reading (PRNewsfoto/Empire State Realty Trust, Inc.) Billions of impressions worldwide proved that the Empire State Building is an internati

NEW YORK, Jan. 5, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Trexquant Investment, a quantitative investment firm, renewed its lease at First Stamford Place for 9,805 square feet. "ESRT is happy to extend our relationship with Trexquant," said Jeffrey H. Newman, senior vice president of ESRT. "Our entire portfolio is the first in North America to be certified under the WELL Health-Safety Rating, and recently achieved a 5 Star Rating from GRESB. With these certifications, ESRT's overall leadership in Indoor Environmental Quality (IEQ), and First Stamford Place's direct access off I-95 with proximity to the Stamford Transportation Center, the pro

NEW YORK, Dec. 17, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that ClearView Healthcare Partners, a global strategy firm with consultants who serve the life science sector, signed a new eleven-year lease at 111 West 33rd Street for 39,067 square feet. The space was recaptured by ESRT from a prior tenant and fulfills the expansion needs of ClearView Healthcare Partners, who currently occupy 10,539 square feet at the property. (PRNewsfoto/Empire State Realty Trust, Inc.) "It is great to expand an excellent tenant, ClearView Healthcare Partners, at 111 West 33rd Street," said Thomas Durels, EVP, Real Estate.  "ClearView knows that

NEW YORK, Dec. 17, 2020 /PRNewswire/ -- Empire State Realty Trust (NYSE: ESRT) announced today that six of its properties have achieved Fitwel certification and that ESRT is a Fitwel Champion. ESRT's Fitwel certified properties represent 6.7 million square feet and approximately 83 percent of ESRT's New York City portfolio of properties.   Fitwel is a rigorous third-party healthy building certification system operated by the Center for Active Design (CfAD). Fitwel was created as a joint initiative between the U.S. Centers for Disease Control and Prevention (CDC) and the General Services Administration (GSA) to set the industry standard for evidence-based strategies that promote positive h

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced that its Board of Directors has approved a new repurchase authorization of up to $500 million of the Company’s Class A common stock (“Common Stock”) and Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) (collectively with the Common Stock, the “Securities”) during the period from January 1, 2021 through December 31, 2021. This will replace an earlier $5