Empire State set for float

City A.M. Reporter
A PLAN to include the Empire State Building in a publicly traded company has cleared a critical investor hurdle.

Holders of over 80 per cent of the units that own the skyscraper yesterday approved the plan to fold it into a real estate investment trust called Empire State Realty Trust.

Malkin Holdings can now force reluctant investors into a buyout if it does not get full support.