New York’s Chrysler Building Is Up for Sale, Report Says

(Bloomberg) -- The owners of New York’s Chrysler Building have hired CBRE Group Inc. to sell the office tower, Wall Street Journal reports, citing Darcy Stacom, chairman of the firm’s New York City capital markets group.

The art deco building is owned by the Abu Dhabi Investment Council and New York developer Tishman Speyer. Estimates for the property’s vary, the WSJ says. In 2008, the Abu Dhabi government fund paid $800 million for a 90 percent stake in the property, the report says.

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