Publications

- February 1, 2019: Vol. 31, Number 2

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Manhattan landmark goes on the sales block

by Andrea Zander

The Chrysler Building, a landmark office tower in Manhattan, is reportedly being put up for sale. The 77-story Art Deco office tower, which briefly held the title of world’s tallest building before the Empire State Building was completed in 1931, is owned by the Abu Dhabi Investment Authority and Tishman Speyer.

The Chrysler Building is not the only high-profile office tower on the sales block. In two separate deals, owners of space in two Manhattan office buildings have plans to place them on the market with billion-dollar price tags.

Media giant WarnerMedia is looking to sell its 1.4 million-square-foot office condominium space at 30 Hudson Yards in Manhattan for about $2 billion in a sale-leaseback transaction, according to various media reports. WarnerMedia is an anchor tenant in the 90-story tower in the $25 billion development on Manhattan’s Westside.

In addition, ADIA has plans to sell its 75 percent stake in 330 Madison Ave. in Manhattan, according t

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