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Empire State of Mind

Sorry, hopeful buyers. The Malkin family, which controls the Empire State Building, has announced its plans to move forward with the building's public offering through the newly-named Empire State Realty Trust. The initial offering consists of 71.5 million shares, priced at $13 to $15 per share, stock exchange symbol ESRT. The offering plan still needs to be declared effective by the SEC. [GlobeSt; previously]