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New York’s Chrysler Building Is Up for Sale, Report Says
Abu Dhabi government fund paid $800 million for a 90 percent stake in the property in 2008: WSJ.
09 Jan 2019, 08:04 PM IST 
The Chrysler Building stands in this aerial photograph taken over New York, U.S. (Photographer: Andrew Harrer/Bloomberg)
(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 value 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.
To contact the reporter on this story: Nour Al Ali in Dubai at nalali1@bloomberg.net
To contact the editors responsible for this story: Christopher Kingdon at ckingdon@bloomberg.net, Katharina Rosskopf
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