The owner of the Woolworth Building has made a $2 billion bid to buy the storied Empire State Building — an apparent effort to thwart the Malkins’ plan to make the storied building part of a real estate investment trust, Commercial Observer reports.

Attorney Stephen Meister sent a letter to the Malkins’ attorney on behalf of Cammeby’s International Principal Rubin Schron offering a $50 million deposit to buy the 102-story tower and ultimately offer current stakeholders the ability to retain part-ownership.