Iconic Chrysler Building will sell at a huge loss
ABC News 10 -

The Chrysler Building, the famous art deco New York skyscraper, will be sold for a small fraction of its previous sales price.

The deal, first reported by the Wall Street Journal Friday, was for $150 million, according to a source familiar with the deal.

Mubadala, an Abu Dhabi investment fund, purchased 90% of the building for $800 million in 2008. Real estate firm Tishman Speyer had owned the other 10%.

The buyer is RFR Holdings, a New York real estate company. Officials with Tishman and RFR...

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