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Abu Dhabi buys 90% of NYC's Chrysler Building
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Posted Jul 10, 2008 2:28:15 PM By Anonymous [Show Printable Version]  

The government of Abu Dhabi bought a 90 percent stake in the Chrysler Building on Tuesday for $800 million from German real estate investors and Tishman Speyer.

Real estate executives who were told about the transaction said that Tishman Speyer sold the investment council an additional 15 percent, and that the total price was $800 million. The investment council is also negotiating to buy the retail space in the seven-story glass Trylons, or pavilion, that Tishman Speyer built next to the Chrysler Building.

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