NYC's Iconic Chrysler Building Up for Sale

Jan 09, 2019

One of the most famous landmarks of the New York City skyline is now on the market.

CNN is reporting that the buildings’ owners, the real estate firm Tishman Speyer and the Abu Dhabi investment fund Mubadala, have hired CBRE Group to sell the property. The current owners acquired the Art Deco structure in 2008, prior to the Great Recession and the plummet in New York’s real estate commercial property market.

"Clearly, it's an iconic building with tremendous reputational value for the right buyer," said Brian Lott, spokesperson for Mubadala

The 77-floor Chrysler Building was completed in 1930 and held the title as the tallest building in the world until the nearby Empire State Building opened one year later. The Chrysler Building was headquarters of the automobile manufacturer until 1953, although it was named for and owned by the company’s chief executive Walter Chrysler.

About the author

Phil Hall

Link copied

Published

Jan 09, 2019

Tech

ServiceLink Enhances Its Digital Closing Solution

EXOS Close allows lenders and borrowers to choose ‘when, where, and how’ they close

Digital mortgage services provider, ServiceLink, announced enhancements to its EXOS Close technology designed to provide more flexibility for lenders and borrowers using the technology to schedule their closings. Enhancements include new options for online and in-branch c...

Analysis and Data

Moody’s Downgrades Fannie And Freddie Following U.S. Sovereign Credit Cut

Outlooks for both GSEs revised from negative to stable

Moody’s has downgraded the long-term senior unsecured debt ratings of Fannie Mae and Freddie Mac to Aa1 from Aaa, following its May 16 downgrade of the U.S. government. The outlooks for both agencies were revised from negative to stable, signaling no immediate expectation of...