Search
 
News

RFR Receives $67M in Financing for Chrysler Building Deal

Mack Real Estate reportedly provided the loan for the approximately $150 million acquisition of the iconic Art Deco skyscraper.

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

NEW YORK CITY—With New York’s famed Chrysler Building selling for about $150 million, Commercial Observer reported that buyer RFR Holding secured a $67 million loan from Mack Real Estate Credit 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 the Trylons 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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Betsy Kim

Betsy Kim

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

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.