what is the empire state building a symbol of
Empire State Building The Empire State Building is an American cultural icon and has been featured in more than 250 TV shows and movies since the film King Kong was released in 1933. A symbol of New York City, the tower has been named as one of the Seven Wonders of the Modern World by the American Society of Civil Engineers. The Empire State Building and its ground-floor interior have been designated as a city landmark by the New York City Landmarks Preservation Commission, and were confirmed as such by the New York City Board of Estimate. It was also designated a National Historic Landmark in 1986, and was ranked number one on the American Institute of Architects' List of America's Favorite Architecture in 2007.
Empire State Building As of 2014[update] the building is owned by the Empire State Realty Trust with Anthony Malkin as Chairman, CEO, and President.[229] Details on the trust's profits are scarce, but it is known that significantly more revenue was earned from tourism than from leasing the office space in 2011.[230] In August 2016, the Qatar Investment Authority (QIA) obtained a 10% share in the Empire State Building through a $622 million investment in the Empire State Realty Trust. The trust's president John Kessler called it an "endorsement of the company's irreplaceable assets".[231] The investment has been described by the real-estate magazine The Real Deal as "an unusual move for a sovereign wealth fund", as these funds typically buy direct stakes in buildings rather than real estate companies.[232] Other foreign entities that have a stake in the Empire State Building include investors from Norway, Japan, and Australia.[231]