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The Empire State Buildings complex ownership structure may stand between Wien’s successors, Peter Malkin and his son Anthony, and their plans to form a real estate investment trust and take the Empire State Building public. The Malkins, who need 80 percent approval from the 3,300 units held by the legacy investors, are facing opposition by stakeholders like Weiner, who say they will be shortchanged in the deal and lose a steady income stream that is poised to jump in value, sacrificing safety for the vacillations of the stock market.
