N.Y. Landmarks for Sale to Foreigners?

Is another New York landmark being sold to foreign investors? The New York Post reported Wednesday that the Abu Dhabi Investment Council, a fund based in the United Arab Emirates, is in negotiations on an $800 million deal to buy a 75 percent stake in Manhattan's Chrysler Building. The report was based on information from unnamed sources. Potential players in the deal weren't talking Wednesday. Theresa Miller, a spokeswoman for Prudential Real Estate Investors -- which owns a 75 percent stake...Full Story
Commenting on this article is closed.