As a major player in the New York City real estate market, ESRT often makes headlines with its latest developments, investments, and projects. From strong leasing activity and earnings to new C-suite appointments, Empire State Realty Trust secured significant coverage in the first quarter of 2024.
Get a closer look at recent news that surrounds ESRT and the impact it has on New York City’s real estate landscape.
January
ESRT Makes Deals and Headlines
With strong leasing activity in the fourth quarter of 2023 and the first of 2024, ESRT became the talk of the town for its major deals with LinkedIn, Greater New York Mutual, Burlington, and Sol de Janeiro. ESRT was featured in articles by Crains, Bloomberg, and the New York Post for its achievements in leasing.
February
ESRT Earnings
ESRT announced its fourth quarter earning results with significant leasing activity, C-suite promotions, and excellent Observatory performance in February. The results were featured in dedicated articles by Crains and Investing.com.
Onward and Upward
In its quarterly earnings call, ESRT Chairman and CEO Tony Malkin announced that EVP, Chief Operating Officer & Chief Financial Officer Christina Chiu was promoted to President, and SVP, Chief Accounting Officer Steve Horn was promoted to EVP, Chief Financial Officer & Chief Accounting Officer. The promotions received significant media coverage with articles in Commercial Observer, CREtech, Nareit, Seeking Alpha, and others.
March
Brand New Bag
ESRT secured a $715 million credit facility, largely thanks to recovery in the New York City tourism industry and strong Observatory performance, the company announced in March. The announcement was featured in several publications which include Bisnow, Crains, the Real Deal, and Connect CRE, among others.
Keep up with ESRT News!
NewsRelated Content
Flight to Quality
Fully modernized, energy efficient buildings that focus on providing our tenants with top tier amenities and a healthy environment at a lower price than the competition