Real estate mogul Tony Malkin wants KPFA and Pacifica Foundation properties

Real estate mogul Tony Malkin wants KPFA and Pacifica Foundation properties

Empire State Realty Trust is trying to take control of KPFA and the entities controlled by the Pacifica Foundation

By Lynda Carson - December 30, 2017

Empire State Realty Trust, Inc. (ESRT), a Maryland corporation, is trying to take control of KPFA and the entities controlled by the Pacifica Foundation over a $2 million debt owed to the Empire State Realty Trust, Inc. (ESRT).

Reportedly, Empire State Realty Trust, Inc., may take control of KPFA Radio - 94.1 FM, and the entities controlled by the Pacifica Foundation as soon as January 8, or January 12. Pacifica Foundation, owns the broadcast licenses for KPFA in Berkeley, WBAI in New York, KPFK in Los Angeles, KPFT in Houston, and WPFW in Washington D.C.

Anthony Edward Malkin a.k.a Tony Malkin, Chairman and CEO of Empire State Realty Trust, Inc., was born in New York City, on 6/1/62. During FY 2016, Malkin raked in at least $9,295,625, according to Bloomberg LP. This includes $810,000 in salary, and a bonus of $1,822,500, plus $6,545,109 in restricted stock rewards. All other compensation amounts to $118,016. Total annual compensation is $2,632,500

According to BusinessRich.com, Anthony Edward Malkin, is estimated to be worth over $10 billion.

Reportedly, legendary KPFA Radio - 94.1 FM, in Berkeley, has been placed at risk due to $1.8 million being awarded in a summary judgement to Empire State Realty Trust, Inc. (ESRT). Additionally, attorney’s fees against the Pacifica Foundation and WBAI radio in New York, KPFA’s sister station in the Pacifica network, have been granted because of a feud over alleged unfair, unreasonable and exorbitant annual increases in the rent for situating the station’s transmitter at the top of the Empire State Building in New York City.

On the 6:00PM KPFA evening news on December 28, 2017, it has been reported that the Pacifica Foundation board members were deadlocked on a vote to file for Chapter 11 bankruptcy, due to over $2 million owed to ESRT because of the unpaid use of the antenna (unpaid tower rent) at the Empire State Building, in New York City.

During an interview on KPFA evening news with Pacifica's interim Executive Director, Bill Crosier, he stated that the Pacifica Foundation is in peril with over 8 million in debt. Additionally, on January 8, 2018, KPFA may be shut down due to the lawsuit with ESRT if something is not resolved, according to Crosier. Crosier also stated that nothing has been paid to ESRT since last May. He also stated that if Pacifica files for Chapter 11 bankruptcy, they can protect their assets, including KPFA radio. However, Pacifica is seeking a loan to pay off the law suit, or their debts.

Additionally, on December 29, 2017, it was reported on the KPFA 6:00PM evening news that KPFA received an email from Pacifica's interim Executive Director, Bill Crosier, stating: “Many of you have asked what happened with the Pacifica bankruptcy motion last night. The PNB majority moved it to executive session. I can’t give details publicly about the executive session, but I’ll just say that the PNB did not get to that motion in exec. session, so took no action on it. Bill.”

According to the July 11, press release, “ESRT is demanding over $2 million for unpaid tower lease costs, holding the network hostage in an annually escalating contract involving increases of about 9% per year. ESRT is a multinational corporation that held $554.4 million cash and cash equivalents as of Dec. 2016, and owns billions of dollars of real estate.”

“After the destruction of the Twin Towers in 2001, broadcasting stations in the NYC area had few options for antenna space rental. ESRT took advantage of its position in the market. In 2005, their owners negotiated a highly questionable contract with Pacifica. ESRT has refused to release Pacifica from the contract, which is scheduled to continue until 2020.”

KPFA is the first listener sponsored radio station in the United States, and the legendary history of the radio station is known across the country, and the planet.

It is an exhilarating experience to walk through the doors of KPFA Radio in Berkeley, and get buzzed in so that you can join someone in-studio to talk about the current issues affecting the community. KPFA is a rare treasure that is worth fighting for and defending for future generations of people in the Bay Area, and across the globe.

KPFA has been there for the community, and I hope the community stands with KPFA in this crisis.

A community based listener supported radio station, KPFA has supported the local community for many years, and would be sorely missed if ESRT were to take over the station and Pacifica’s assets.

Whatever infighting that may be taking place in KPFA and the Pacifica Foundation, KPFA needs your help to stay alive.

Lynda Carson may be reached at tenantsrule [at] yahoo.com

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A little background info: Anthony Edward Malkin a.k.a. Tony Malkin

https://therealdeal.com/tag/tony-malkin/

https://www.bloomberg.com/research/stocks/private/person.asp?personId=604730&privcapId=170205476

http://www.empirestaterealtytrust.com/about-us/our-team/anthony-e-malkin

https://therealdeal.com/issues_articles/the-closing-with-tony-malkin/

https://peepfind.com/s.php?fn=Anthony&ln=Malkin

http://www.4-traders.com/business-leaders/Anthony-E-Malkin-06RW8V-E/biography/

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ESRT - Officers and Directors

http://investors.empirestaterealtytrust.com/od.aspx?iid=4313470

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Empire State Realty Trust - Committee Charting

http://investors.empirestaterealtytrust.com/committeechart.aspx?iid=4313470

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Malkin Securities

https://www.opensecrets.org/orgs/summary.php?id=D000058492

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Empire State Realty Trust, Inc.

https://egov.maryland.gov/BusinessExpress/EntitySearch

Department ID Number: D14227052
Business Name: EMPIRE STATE REALTY TRUST, INC.
Principal Office:
7 ST. PAUL STREET
SUITE 820
BALTIMORE MD 21202
Resident Agent:
CSC-LAWYERS INCORPORATING SERVICE COMPAN
7 ST. PAUL STREET
SUITE 820
BALTIMORE MD 21202
Status: INCORPORATED
Good Standing:
THIS BUSINESS IS IN GOOD STANDING
» Order Certificate of Status
Business Type: CORPORATION
Business Code: ORDINARY BUSINESS - STOCK
Date of Formation/ Registration: 07/29/2011
State of Formation: MD
Stock Status: STOCK
Close Status: NO

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Anthony Edward Malkin, is worth over $10 billion.

http://www.thebusinessrich.com/anthony-malkin/

Other Affiliations
RRE Ventures LLC
Lechters Inc.
Empire State Building Associates LLC
60 East 42nd Street Associates LLC
250 West 57Th St Associates LLC
Malkin Properties, L.L.C.
Real Estate Roundtable, The
Harvard College
Empire State Realty OP, L.P.

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(Not yet verified)

Work
:

Marcury Partners, Chief Executive Officer
 Malkin Properties L.L.C, President 
Malkin Properties L.L.C, Chief Executive Officer 
W & M Construction Corp., Chief Executive Officer
 W & M Construction Corp., President
 Natural Resources Defense Council, Board Member 
Empire State Building Company LLC, Member

Phone Numbers
+1 970-925-1516
+1 212-687-8700
+1 212-727-2700
+1 212-953-0888
+1 212-687-1500
629-5772
+1 203-625-7637
+1 914-234-0785
+1 970-903-2563

Emails

amalkin [at] wmproperties.com
anthonymalkin [at] lycos.com
amalkin [at] comcast.net
amalkin [at] mercurypartner.com
a.malkin [at] mercurypartner.com
amalkin [at] wienmalkinllp.com
a.malkin [at] wmproperties.com
amalkin [at] nrdc.org
amalkin [at] malkinproperties.com
anthony [at] empirestatebuilding.com

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