Wednesday 19 August 2020

The Littmus test: Veteran activist investor on his office shorting strategy

The morning of July 20 was dry and sunny, perfect for taking in the grand metropolis of New York from its most celebrated vantage point. After plowing $165 million into an extensive renovation of the Empire State Building’s observatory, Empire State Realty Trust had been forced by Covid to close it in March. With the city now coming back to life, the landlord had a lot riding on the reopening of the attraction, which pulled



source https://therealdeal.com/2020/08/19/the-littmus-test-veteran-activist-investor-on-his-office-shorting-strategy/

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