8 Empire State Building
Shareholders of the Empire State Building authorized the $4.2 billion initial public offering (IPO) of the iconic New York City skyscraper on May 29, 2013. Two factions have previously argued on what would happen to the famous structure.
One advocated keeping a syndicate of 2,800 owners in control as they had been since 1961. The other desired to combine the structure with 18 more properties in the New York region into a real estate investment trust (REIT), offering shares of the properties to the general public. Investors in REITs would not be allowed to deduct the depreciation of the properties, but they would still get dividends on their investment shares.
Although there are now several buildings that are taller, the Empire State Building, which is 1,454 feet (443 meters) tall and has 102 stories, used to be the highest skyscraper in the world. Up until the World Trade Center (WTC) was built in 1973, it remained the highest structure in New York City.
The Empire State Building once again holds the record for the highest tower in the city after the WTC was destroyed in the terrorist attacks on September 11, 2001. But the 540-meter-tall Ground Zero structure, which is 1,776 feet tall and was built on the site of the former WTC, won this title back.
7 Alamo
Shareholders of the Empire State Building authorized the $4.2 billion initial public offering (IPO) of the iconic New York City skyscraper on May 29, 2013. Two factions have previously argued on what would happen to the famous structure.
One advocated keeping a syndicate of 2,800 owners in control as they had been since 1961. The other desired to combine the structure with 18 more properties in the New York region into a real estate investment trust (REIT), offering shares of the properties to the general public. Investors in REITs would not be allowed to deduct the depreciation of the properties, but they would still get dividends on their investment shares.
Although there are now several buildings that are taller, the Empire State Building, which is 1,454 feet (443 meters) tall and has 102 stories, used to be the highest skyscraper in the world. Up until the World Trade Center (WTC) was built in 1973, it remained the highest structure in New York City.
The Empire State Building once again holds the record for the highest tower in the city after the WTC was destroyed in the terrorist attacks on September 11, 2001. But the 540-meter-tall Ground Zero structure, which is 1,776 feet tall and was built on the site of the former WTC, won this title back.
