The Chrysler Building/ Image credit: Wikimedia Commons The Chrysler Building/ Image credit:Wikimedia Commons

NEW YORK CITY—With New York's famed Chrysler Building sellingfor about $150 million, Commercial Observer reported thatbuyer RFR Holding secured a $67 million loan from Mack Real EstateCredit Strategies. Manhattan-based RFR and Signa Holding gmbH,Austria's largest privately owned real estate company, announced the closing of the sale on April 5. This included theTrylons pavilion, which houses the restaurant Capital Grille,enclosed in a spikey glass structure.

The buyers paid $75 million to acquire the ground lease,according to Commercial Observer.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.