SOVEREIGN ARAB FUND TO - buy Chrysler bldg

[katty]

(america: "For Sale")

more:http://www.nypost.com/seven/06112008/business/chrysler_bldg__on_the_block_115016.htm

SOVEREIGN ARAB FUND TO PAY $800M
By LOIS WEISS
June 11, 2008 --

The latest Big Apple trophy being coveted by oil-rich sovereign wealth funds is the landmark Chrysler Building.

Sources say the super-rich Abu Dhabi Investment Council is negotiating an $800 million deal for a 75 percent stake in the Art Deco treasure that has defined the Midtown skyline since 1930.

The Chrysler assets would be purchased from TMW - the German arm of an Atlanta-based investment fund that's been eager to cash out of its Chrysler stake.

[eleny]

1. I love that Art Deco building so much

Back in the '60s when I was in college, I worked one summer for the phone company in Manhattan. Our desks were all along a windowed wall facing out. I had a perfect view of the Chrylser Building. It was a gleaming sight.

[OmmmSweetOmmm]

2. Lol! In the 70's I had my own office on the 48th floor of the Chrysler Building.

My view was of the East River and I loved it. Very rarely did a day go by that I didn't appreciate working there. The lobby was gorgeous. Each elevator was original art deco with wood paneling and each was different within the different elevator banks. Sigh..... :)

[eleny]

5. Sighing along with you!

[katty]

6. luv the art deco!

[Rick Myers]

3. My favorite building in the world!!!

:kick:

[alfredo]

4. An Irish company is buying Budweiser. Anti nuttin sacred?

[annabanana]

7. Well at least we know they'll treat it right.

Yeah, yeah I know.. pernicious stereotype. .Me & the boyo from Antrim got a right laugh out of it all over Hell's Kitchen in the late '70's

[alfredo]

8. Not really, they are known for mediocre beers. But then, I guess Bud

would fit in nicely.

[jimshoes]

9. (an) Italian buys NYC Flatiron Bldg.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3432100

This just posted.

[Bucky]

10. Before we all panic, remember how much of other countries Americans own

We are not, repeat, not screwn, folks. This is just a function of the globalization of capital.

[blm]

11. Yes - but this source of $$ also staked a large share of BCCI and they wanted our ports not long ago

and they all should have been exposed and in jail by the end of the 90s, not protected by a Dem administration who would do whatever Poppy Bush needed and is now making millions from these same Dubai and Saudi royals protected by the deep-sixing of BCCI matters for Poppy Bush and his cronies.

[RB TexLa]

12. Foreign investment here is good. As is our investing in other countries.