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Land & Buildings Jonathan Litt On His Pandemic Office Shorting Strategy

by therealdeal.com posted 2weeks ago 24 views
This story was originally published in August 2020. 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 The post The Littmus test: Veteran activist investor on his office shorting strategy appeared first on The Real Deal New York.

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