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The First Art Newspaper on the Net |
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Established in 1996 |
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Sunday, September 29, 2024 |
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Donald Trump Sells Empire State Building |
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NEW YORK CITY.- New York property mogul Donald Trump and his partner are reported to be selling the Empire State Building for just over £40 million. Empire State Building Associates will buy the 102-storey landmark building. The group already holds a lease on the building until 2076. For the first time since 1961, the same group of investors will own the building and control the long-term lease. That means the building could be sold more easily and could ensure better financing terms.
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