NEWS ABOUT: Chrysler Building
Chrysler Building stories: 3 news briefs
Foreigners 'recycle' bucks with trophy buys
like Chrysler Building
New York Times Jul 10, 08 4:33 AM CDT
(Newser Summary) -
Foreign investors flush with dollars from the global commodities boom are using those greenbacks to buy flashy American properties, the New York Times reports. The government of Abu Dhabi bought a 75% stake in the Chrysler building Tuesday. Other recent "trophy" buys have included Donald Trump's Palm Beach mansion and some major works by American artists.
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Sovereign wealth fund offers $800M for
NYC landmark
New York Post Jun 11, 08 10:02 AM CDT
(Newser Summary) -
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.
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New BofA building outgrows Chrysler; only Empire State is taller
New York Observer Nov 28, 07 4:10 PM CST
(Newser Summary) -
The Big Apple skyline’s getting a new No. 2, the New York Observer reports: Bank of America's new headquarters is set to overtake the Chrysler Building this week as runner-up to the Empire State Building. Luckily for the newcomer, height is traditionally marked at the “structural top”: The definition excludes radio antennas but includes One Bryant Park’s 250-foot spire.
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