Abu Dhabi to Buy Chrysler Building

Sovereign wealth fund offers $800M for NYC landmark
Posted Jun 11, 2008 10:02 AM CDT
Abu Dhabi to Buy Chrysler Building
A partially eclipsed moon is seen near the Chrysler Building in New York, on Wednesday, Feb. 20, 2008.    (AP Photo/Seth Wenig)

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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