The Chrysler Hotel? Aby Rosen to consider conversion for $151M trophy asset

What to do with an aging office building, in desperate need of repairs, that’s bleeding money and sitting on a ballooning ground lease? As The Real Deal first reported on Friday, Aby Rosen’s RFR Holding and Austrian real estate firm Signa Holding GmbH agreed last week to purchase the landmark skyscraper at a steep discount. But they’ll now have to grapple with the same issues that plagued the seller, Abu Dhabi’s Mubadala Investment Company. Mubadala […]

from The Real Deal New York https://ift.tt/2F6QRl8

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