mo4ch:>New York’s iconic Chrysler Building to be sold at substantial loss for $150 million – reports | Mo4ch News

Once the tallest building in the world, New York’s landmark Chrysler Building will be sold for a fraction of the price it was purchased for, according to media reports citing sources familiar with the deal.Property firm RFR Holding LLC, which owns a number of prestigious buildings in Manhattan, along with a foreign partner is poised to buy the skyscraper for around $150 million, the Wall Street Journal reports. While the report did not name the second party in the deal, Reuters said it is Signa Holding GmbH, Austria’s largest privately-owned real estate company.An agreement to buy the Chrysler Building from its current owners, the Abu Dhabi Investment Council, was reportedly signed on Friday. The building was placed on the market around two months ago.Also on rt.comParis property prices hit all-time record & likely to rise even higherIn 2008, just before the stock market plummeted, the investment arm of the Government of Abu Dhabi spent $800 million to purchase a 90-percent stake …