Empire State Building for Sale: The price...
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From Times Staff and Wire Reports
Empire State Building for Sale: The price for the Manhattan skyscraper is a mere $50 million--but there’s a catch, the New York Times reported. Until the year 2075, the 102-story building is tied up in a complex leasing arrangement that will prevent its new owner from taking control. Prudential Life Insurance Co. technically owns the building, but the property is controlled by two partnerships formed in the 1960s by real estate investors.
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