Peter Malkin

Malkin Has Grand $660 M. Plan for Empire State Building

wallyg via flickr

$660 million, please.

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 Boston Globe.

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.  read more »