Abu Dhabi to Buy Chrysler Building

Sovereign wealth fund offers $800M for NYC landmark
By Dustin Lushing,  Newser Staff
Posted Jun 11, 2008 10:02 AM CDT
A partially eclipsed moon is seen near the Chrysler Building in New York, on Wednesday, Feb. 20, 2008.    (AP Photo/Seth Wenig)
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(Newser) – The Chrysler Building—a jewel of the New York City skyline since 1930—is poised to be sold to the Abu Dhabi Investment Council, reports the New York Post. The nation's oil-rich sovereign wealth fund is offering $800M for a 75% stake in the skyscraper.