The Empire State Building in New York is a very magnificent building. Let's introduce the development process of the Empire State building over the years:
In 1799, New York City sold an open space (east of Broadway and Sixth Avenue, west of Madison Avenue, north of 33rd Avenue and south of 36th Avenue) to John Thompson for $2600 to develop the farm. In 1825, Thompson sold the farm to Charles Lawton for $10000. In 1827, John & middot; Jacob & middot; William & middot, the second son of John Jacob Astor; Barkhaus & middot; William Backhouse Astor Sr. bought the farm for $20000 for an investment.
In 1859, little John & middot; Jacob & middot; John Jacob Astor (Jr.) built a building northwest of Fifth Avenue and 33rd Street. In 1862, William & middot; Barkhaus & middot; Astor built a building southwest of Fifth Avenue and 34th Avenue. In 1893, William & middot; Waldorf & middot; William Waldorf Astor demolished his mansion at the junction of Fifth Avenue and 34th Street and built the first luxurious Waldorf & ndash; Astoria 1893.
In 1896, William's cousin and neighbor John middot; Jacob & middot; John Jacob Astor IV built the same magnificent Astra hotel nearby. Later, the two hotels were connected by a corridor of more than 300 meters and became a family named Waldorf Astor. In 1928, the Waldorf Astoria Hotel was sold to Bethlehem Steel for about $20 million.
In 1929, John & middot; Jacob & middot; John Jakob raskob, former president of general motors, Coleman Du Pont, Pierre & middot; Pierre S. Du Pont, Louis g. Kaufman and Ellis & middot; P· Ellis P. Earle and others formed the empire state company, and Al & middot; Led by Alfred E. Smith, former governor of New York state.
In 1929, the Waldorf Astoria Hotel was demolished and the Empire State building was ready to be built on the site. Two years later, Waldorf Astoria Hotel was rebuilt on the new site of Park Avenue. It was the first skyscraper hotel in the world and the highest and largest hotel in the world at that time. On March 17, 1930, the Empire State building began construction. Under the leadership of the construction company Shreve, lamb Harmon, the quantities of four and a half floors are completed every week.
In 1951, John & middot, the controlling shareholder of Empire State Building; Jacob & middot; John Jakob raskob died in 1950, Roger & middot; L· Roger I. Stevens and Henry & middot; J· The consortium led by Col. Henry J. crown bought the shares of the building held by raskob Heritage Foundation for us $34 million (about 209 million RMB). The consortium sold the land of the building to Prudential Insurance Company for us $17 million (about 104 million RMB). In 1954, Henry & middot; J· Colonel Krone bought all the shares of the other partners and became the sole owner of the building.
August 23, 1961, Harry & middot; Harry B. Helmsley, Lawrence & middot; A· Lawrence A. Wien and his son-in-law Peter & middot; Peter Malkin bought the controlling interest of the building for us $65 million (about 399 million RMB). This price, excluding land, was the single building with the highest price at that time.
Lawrence & middot; A· Wayne raised US $33 million (about RMB 202 million) from more than 3000 small and medium-sized investors. Each of these investors only needs to pay US $10000 (about 61361 RMB) to obtain a share of Empire State Building associates; The latter sublet the whole building to Harry & middot; Helmsley and Lawrence & middot; A· Another company owned by Wayne. At the same time, the group sold the ownership of the building to Prudential insurance company again for us $29 million (about 178 million RMB).
In 1991, Prudential Insurance Company sold the ownership of the building to little Oliver & middot for us $42 million (about RMB 258 million); Oliver grace Jr., who actually secretly completed the transaction on behalf of the Japanese tycoon Yingshu Yokai. At that time, the hotel tycoon was serving his sentence in prison for a fatal fire in a hotel he owned.
In June 1994, yokogai's daughter Yuko nakara and American real estate giant Donald & middot; Donald J. trump signed a joint venture agreement on the Empire State building. This cooperative alliance is a trust company founded and controlled by the hiko couple and Donald & middot, the new holding company of trump; Jointly managed by trump Empire State Building partners. The title deed of the Empire State Building under the custody of the Heiko couple was transferred to the new cooperative alliance. The day-to-day operation and management of the alliance all rely on trump.
In 1995, Donald & middot; Donald J. trump, together with hiko Nakasone, sued the Empire State Building consortium, saying Harry & middot; Helmsley and Peter & middot; Melkin turned the landmark building into a high-rise slum. The legal battle lasted seven years. January 4, 1997, Harry & middot; Helmsley died. A nine-year dispute over the control of the building began. Peter & middot; Peter L. Malkin and his son Anthony & middot; Anthony Malkin sued Helmsley's widow Leona & middot; Leona Helmsley, and her husband's former partner in Helmsley spear real estate.
In 2002, Yokai, Zhongyuan and their agent Donald & middot; Trump sold the ownership of the building to Malkin's partnership, Empire State Building associates, for $57.5 million (about 353 million RMB). In the same year, Peter & middot; Malkin and his son bought the land under the Empire State building. In 2006, Malkin and his son regained control of the building from Helmsley spear.
In 2008, the owner of the building spent US $550 million (about RMB 3.375 billion) to upgrade the building, and began to eliminate hundreds of small tenants and replace them with large companies that can pay higher rents, such as Skanska, Lufthansa and LinkedIn.
In April 2013, Malkin and his son bundled the Empire State Building with 19 other properties and established an institution with a market value of US $5.2 billion (about 31.908 billion RMB) called Empire State Realty Trust, which was then publicly listed. The shares of Malkin and his son in the new company are about US $730 million (about RMB 4.479 billion).