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 <title>NY Observer &gt; Peter Malkin</title>
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 <title>Malkin Has Grand $660 M. Plan for Empire State Building</title>
 <link>http://www.observer.com/2008/huge-overhaul-planned-empire-state-building</link>
 <description><![CDATA[<!--paging_filter--><p>$660 million, please.
<p>The owner of the Empire State Building has a tall order -- a $660 million loan to renovate New York City's tallest building, according to a Bloomberg News article published in today's <em><a href="http://www.boston.com/business/articles/2008/05/06/developer_seeks_660m_to_overhaul_landmark/" target="_blank">Boston Globe</a></em>.</p>
<p>The idea, according to developer Peter Malkin, is to make the 102-story Art Deco masterpiece, long home to small tenants, more attractive to larger (and presumably more lucrative) ones. <span class='read-more'><a href="http://www.observer.com/2008/huge-overhaul-planned-empire-state-building">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/huge-overhaul-planned-empire-state-building#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/24717">Empire State Building</category>
 <category domain="http://www.observer.com/taxonomy/term/54643">Peter Malkin</category>
 <pubDate>Tue, 06 May 2008 10:57:35 -0400</pubDate>
 <dc:creator>Dana Rubinstein</dc:creator>
 <guid isPermaLink="false">68786 at http://www.observer.com</guid>
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