Abu Dhabi buys into NY landmark

The iconic Chrysler Building dominates the New York skyline

The controlling stake in one of New York's most famous landmarks, the Chrysler Building, has been sold to the Abu Dhabi government's commercial arm.

Prudential Financial confirmed it had sold its 75% stake in the Manhattan Art Deco skyscraper to the Abu Dhabi Investment Council (ADIC).

The council, which has not commented on the deal, was reported to have paid about $800m (£400m) for the stake.

The remaining 25% of the building is owned by property firm Tishman Speyer.

Prudential spokeswoman Theresa Miller confirmed that ADIC had bought its share of the skyscraper, according to the Associated Press.


http://news.bbc.co.uk/1/hi/business/7498381.stm

The fullahs tekking over america.
In the nineties, the company I work for owned and sold that building for $200M. They shoulda sold it to the fullahs!

quote:

Originally posted by Terry Ishmael:
The fullahs tekking over america.
In the nineties, the company I work for owned and sold that building for $200M. They shoulda sold it to the fullahs!

This is further proof that America is a land of immigrants, no matter how much the white auhtorities react with fence building on the Mexican border and profiling of Middle Eastern citizens at ports of entry.

In another ten years, fifty percent of major US businesses and high-profile pieces of real estate will be owned by foreigners and foreign interests. America currently owes China whopping billions, so don't worry about the Chinese; they already here in America.
And in Cuba. And in Sudan. And in Iran. And in Jamaica. And in...

The average American is broke and in debt. They have no fiscal responsibility. At one point, my boss was an AVP making money, and renting a house from a Guyanese landlord who was himself working for Odd Job at little more than minimum wage.

quote:

Originally posted by Terry Ishmael:
The average American is broke and in debt. They have no fiscal responsibility. At one point, my boss was an AVP making money, and renting a house from a Guyanese landlord who was himself working for Odd Job at little more than minimum wage.

You guys are living a pipe dream. You really think you have those whites by their balls, think again. So what is owning a building, the US owns or control almost everything in the Mid-East. Screw around and see how quickly he is out of tenants and in deep shyte. They screw around in the ME, US send in their troops and they in deep shyte.

Years ago in the early 90's the japanese also bought out some famous buildings and many zenophobes predicted doom and gloom. I don't believe the japanese kept the building, they end up selling it at a loss. Muslim countries are currently riding an oil high, they might be making unwise investments considering the state of the economy and housing market. But these fellas have money to burn, apparently the evil america don't matter when money is to be made.