Trump and Japanese magnate Hideki Yokoi's survivors technicallyown the property, but Leona Helmsley, widow of real-estate giantHarry Helmsley, and Manhattan attorney Peter Malkin hold lucrativelong-term leases of the property. Trump and the Helmsley-Malkingroup have battled for years over their claims to the reins of thebuilding.
Trump had even attempted to gain control of the building bytaking Helmsley and Malkin to court in 1994, claiming that they hadallowed the building to deteriorate. The state court and the courtof appeals both determined that Trump's group failed to prove theircase, finding for the defendants.
Trump, having discussed the sale with the Yokoi group, is nowlooking to end the years of squabbling over the building, offeringto sell the Helmsley-Malkin group his interest, seeking a minimumof $65 million.
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