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Helmsley Trust Wants to Sell Stake in Empire State Building

By DNAinfo Staff on September 23, 2010 10:10am

The Empire State Building is worth billions of dollars, according to reports.
The Empire State Building is worth billions of dollars, according to reports.
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AP Photo/Stuart Ramson

By Nina Mandell

DNAinfo Reporter/Producer

MANHATTAN — The trust set up by Leona and Harry wants to get sell its shares in the Empire State Building and eight other office buildings, Crain's New York reported.

The Empire State building is controlled by the Malkin family, but partly owned through partnerships by the Helmsley trust, according to the report.

While Leona Helmsley is best remembered for her short fuse and for giving $12 million to her dog, her husband was beloved by the Malkin family, Crain's said. But once he passed away, the partnership became contentious between the Maklins and the so-called "Queen of Mean."

The Helmsley's shares in the eight office buildings and the Empire State building — despite it's recent infestation of bedbugs — is worth billions, the New York Post reported.

Harry and Leona Helmsley, seen here in 1989, set up a trust to handle their finances and real-estate assets.
Harry and Leona Helmsley, seen here in 1989, set up a trust to handle their finances and real-estate assets.
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AP Photo/Ed Bailey

The New York Helmsley hotel has also been listed and is expected to sell for more than $300 million, the Post said.