Cooper Union terminates Aby Rosen's lease on Chrysler Building
WEB4 days ago — Cooper Union is poised to regain control of the iconic Chrysler Building after terminating the lease of powerhouse developers Aby Rosen and Michael Fuchs over $21 million in unpaid rent, The...
RFR Sues Cooper Union to Stop Chrysler Building Eviction - The …
WEB5 days ago — RFR and partner Signa Holding GmbH bought the ground lease for the building and neighboring properties in 2019 for $151 million, but Cooper Union owns the land under the iconic property. The...
News | Future of New York’s iconic Chrysler Building in question …
WEB2 days ago — New York's iconic Chrysler Building, famous for its appearances in movies including "Godzilla" and "Spider-Man," is in the spotlight again, but this time its ownership is taking the lead role.
RFR's Control Of Chrysler Building Has Been Terminated, Its …
WEB2 days ago — A partnership led by RFR Holding has held the ground lease to the Chrysler Building for the past five years, but it stopped making rent payments after May, according to Cooper Union, the...
Update on the Chrysler Building | The Cooper Union
WEBR&S Chrysler LLC (RFR), ground lessee since 2019, stopped making monthly ground lease payments on the Chrysler Building to The Cooper Union. As a result of their nonpayment, they are in default of the ground lease agreement, and we issued a lease termination notice on Sept. 13, 2024.
Chrysler Building Owner Is Poised to Lose Control of Iconic
WEBRFR and an Austrian investment partner bought the Chrysler Building in 2019 for about $150 million. The sale represented a loss for its previous majority owner, the Abu Dhabi Investment...
RFR Trying to Stop Ground Lease Termination on Chrysler Building
WEB5 days ago — RFR purchased the Chrysler Building at 405 Lexington Avenue with joint venture partner Signa Holding in 2019 for $151 million, a $650 million loss for the seller at the time, largely thanks to the onerous ground lease on the project.
Chrysler Building Owner Is Poised to Lose Control of Iconic …
WEB5 days ago — The owner of the land beneath the historic Chrysler Building said Friday it was taking control of the office tower, in what would be one of the most prominent buildings in the U.S. to be lost...
RFR on verge of losing Chrysler Building - crainsnewyork.com
WEB5 days ago — The troubled real estate powerhouse RFR may soon lose control of the Chrysler Building, a jewel of the New York skyline. Cooper Union, which owns the land under the landmarked tower, said...
The Chrysler Building, the Jewel of the Manhattan Skyline, Loses …
WEBJul 12, 2024 — In 2019, the 77-story building sold for around just $150 million to co-owners Signa, an Austrian real estate company, and RFR, a New York-based development firm. For comparison, about a decade...