Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Chrysler Building Acquired by Middle East Group
By
John Del Signore
Published Jul 9, 2008
Modified Jul 9, 2008
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
John Del Signore
Published Jul 9, 2008
Modified Jul 9, 2008
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
An Abu Dhabi sovereign wealth fund has acquired the Chrysler Building from a fund managed by Prudential Financial Inc. for an untold sum. It was learned last month that the Abu Dhabi group was considering buying a majority stake in the 1930 skyscraper for $800 million; Bloomberg news is now reporting that the deal is done. Middle Eastern investors have spent $1.8 billion this year buying commercial property in the U.S., more than other international buyers. “We're sending our money their way to purchase oil, and that money is coming back and buying our assets,” said Dan Fasulo, market analysis director at Real Capital.
Tagged
Abu Dhabi
bought
buy
chrysler building
OWN
John Del Signore
Originally from the Albany area, John Del Signore has called NYC home since 1995. In addition to his thousands of meticulously-crafted bespoke blog posts for Gothamist, his writing has also been published in The Awl, Deadspin, The Nervous Breakdown, and performed at The Brick Theater in Brooklyn.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
Mamdani says he's 'confident' NYC will collect $500 million with pied-à-terre tax
The city’s Department of Finance granted more than 8,800 of the roughly 11,000 exemption applications.
By
Elizabeth Kim
and
David Brand
Published Oct 29, 2026 at 1:30 p.m. ET
NYPD won't enforce NYC's bus fare while MTA security force is suspended
The MTA has suspended its fare enforcement unit after a series of confrontations with riders. The NYPD said it won't step in to ensure riders pay.
By
Clayton Guse
and
Ramsey Khalifeh
News
NYPD won't enforce NYC's bus fare while MTA security force is suspended
The MTA has suspended its fare enforcement unit after a series of confrontations with riders. The NYPD said it won't step in to ensure riders pay.
By
Clayton Guse
and
Ramsey Khalifeh
15-year-old boy shot and killed Thursday morning in the Bronx, NYPD says
By
Charles Lane
How NYC voters could determine outcome of race for governor
By
Jon Campbell
Early Addition: Is the Cheesecake Factory vs. the Amtrak buttercake our new culture war?
By
James Ramsay
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .