Welcome to our dedicated page for Empire St Rlty Tr news (Ticker: ESRT), a resource for investors and traders seeking the latest updates and insights on Empire St Rlty Tr stock.
Empire State Realty Trust, Inc. (NYSE: ESRT) is a New York City-focused REIT whose news flow centers on its office, retail, multifamily, and landmark assets, including the Empire State Building. On this page, readers can review company announcements that cover leasing, acquisitions, sustainability milestones, financial reporting, and activity at the Empire State Building Observatory.
ESRT regularly issues leasing updates for its portfolio, including new retail tenants and expansions. Recent releases highlight leases with brands such as HOKA, Tecovas, and Rolex (through Tourneau, LLC) at its North Sixth Street Collection in Williamsburg, Brooklyn, as well as office expansions by tenants like Gerson Lehrman Group, Inc. at One Grand Central Place. These announcements provide insight into demand for ESRT’s properties and the tenant mix across its portfolio.
The company also publishes transaction and investment news, such as its agreement to acquire the Scholastic Building at 555‑557 Broadway in Manhattan’s SoHo submarket. Such releases describe property characteristics, lease terms, and occupancy levels, giving investors context on how ESRT deploys capital within the New York City real estate market.
Another key theme in ESRT’s news is sustainability and building performance. For example, the company has announced that the Empire State Building achieved LEED Platinum certification under the LEED v5 standard, and it discusses energy use reductions and its broader sustainability reporting. In addition, ESRT issues earnings and financial updates, including dates for quarterly results and conference calls, and provides links to supplemental information.
News about the Empire State Building Observatory—such as seasonal events, special tower lightings, and visitor experiences—also features prominently. Investors and observers can use this news feed to follow how ESRT manages its flagship attraction and broader portfolio over time.
The Empire State Building (ESB) has launched a two-month "Stranger Things" themed experience featuring a dynamic light show on its southern façade and a life-size Demogorgon photo opportunity on the 86th Floor Observatory. The event, which began on May 26, 2022, includes appearances from cast members and aims to enhance visitor engagement. The ESB recently underwent a $165 million reimagination, improving its observatory experience with a new entrance and interactive museum. ESB continues to attract over 4 million visitors annually, highlighting its status as a leading attraction in New York City.
Empire State Realty Trust (NYSE: ESRT) has signed a lease with SESAC MUSIC GROUP for the entire 24th floor at 250 West 57th Street, totaling 12,611 square feet. This move highlights the building's appeal, enhanced by sustainability practices and superior amenities. SESAC's CEO praised the location for its convenient access to transport and dining. The property has been transformed into a boutique office space, benefiting from a flight to quality. ESRT's portfolio comprises approximately 9.4 million rentable square feet of office space, with growing interest in high-quality real estate.
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Empire State Realty Trust (NYSE: ESRT) has announced three new leases at 1359 Broadway. Calzedonia signed for 10,492 square feet, BMR Energy expanded to 4,049 square feet, and Converge Technology Solutions leased 4,865 square feet. Totaling nearly 20,000 square feet, these leases reflect a continued interest in quality office space in Manhattan. The building offers modern efficiencies and is well-located with access to public transportation and amenities.
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Empire State Realty Trust (NYSE: ESRT) announced the launch of the Empire Building Playbook, a free online resource aimed at achieving net zero retrofits in commercial buildings. The initiative, co-developed with NYSERDA and supported by notable NYC landlords and the Clinton Global Initiative, outlines a step-by-step process for landlords and tenants to significantly reduce greenhouse gas emissions. The Playbook projects a 75-90% reduction in emissions with a 4-8 year payback period through energy-efficient upgrades. The guide will be continuously updated with new case studies and best practices.
Empire State Realty Trust (NYSE: ESRT) announced a community solar project at its office property, 500 Mamaroneck Avenue, Harrison, N.Y. This initiative will require zero capital investment from ESRT and is expected to generate substantial revenue over the next 25 years, with over 40% of credits used for powering the building. The project includes a parking canopy solar array, an 8.2-MWh battery storage system, and 80 EV charging stations. This sustainable move is anticipated to enhance tenant experience and support ESRT's goal of achieving net-zero carbon emissions by 2035.
Empire State Realty Trust (NYSE: ESRT) announced that Signature Bank has expanded its office space at 1400 Broadway, increasing its footprint by 32,927 square feet, bringing the total to 313,109 square feet. This marks the third expansion for Signature Bank at this location, following a January 2022 increase of 168,310 square feet. Signature Bank's decision reflects ESRT's reputation for energy efficiency and quality indoor environments. The building offers amenities including a tenants-only lounge and assembly space, advantageous for tenants seeking quality office environments.
Empire State Realty Trust (NYSE: ESRT) announced it will release its Q1 2022 financial results on April 27, 2022, post-market. A conference call will follow on April 28, 2022, at 12:00 p.m. ET, where management will review performance and engage in a Q&A. The earnings release, supplemental information, and presentations will be available on their website. The company, known for owning the Empire State Building, manages a portfolio including 9.4 million square feet of office and 700,000 square feet of retail space in the New York area.
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