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New York's Chrysler Building Bought by Abu Dhabi Fund

New York's Chrysler Building Bought by Abu Dhabi Fund

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New York's Chrysler Building Bought by Abu Dhabi Fund
New York's Chrysler Building, the art deco icon that helps define the New York skyline, was bought by an Abu Dhabi sovereign wealth fund, the second purchase of a Manhattan landmark by Middle East investors in as many months. The skyscraper was the world's tallest building until 1931, was acquired yesterday by the Abu Dhabi Investment Council for an undisclosed price, but probably multiple billions.

0 Comments
Kimpossible Kimpossible 9 years
An article on yahoo said that they bought 75% of the building. A price was not disclosed but many published reports said $800 million. The remaining 25% is still owned by New York's Tishman Speyers Properties and they will manage the building. Middle Eastern investors have bought other NY properties in the past 2 months. It still sucks and I still hate it, just thought I'd give a little more info. If you're interested, it's an Associated Press article I saw on Yahoo.
raciccarone raciccarone 9 years
This makes me sick.
Great-Sommelier Great-Sommelier 9 years
That's my thinking Kim.
Kimpossible Kimpossible 9 years
I don't understand... ugh this is just not the day for news is it?
MartiniLush MartiniLush 9 years
Is our whole country for sale to the highest bidder???
Bettyesque Bettyesque 9 years
Its happening everywhere. Buildings, highways even the lottery is being invested in by Foreign Investors..scary.
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