Andrew Penson, the owner of Grand Central Terminal, has teamed up with the group of Empire State Building investors seeking to block the settlement of a class-action suit against Malkin Holdings for their plan to include the iconic building in a public real estate investment trust, Bloomberg News reported. Penson has filed two affidavits in support of the group, which say the IPO would cause “vast harm” to the roughly 2,800 building co-investors. Penson himself [more]Image may be NSFW.
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