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Tussle for control of New York’s famed Chrysler Building

New York | The owners of Manhattan’s Chrysler Building are at risk of eviction after the real estate empire of one of its owners imploded amid allegations of financial impropriety.

Signa Holding – led by Rene Benko, an Austrian investor whose company assembled a worldwide portfolio worth more than $US20 billion ($30 billion) before it fell apart late last year – teamed up with RFR Holding, a New York company led by Aby Rosen and Michael Fuchs, to buy the Chrysler in 2019 for $US151 million. The partners promised to return the ageing dowager of the New York skyline to its glory days.

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    Original URL: https://www.afr.com/property/commercial/tussle-for-control-of-new-york-s-famed-chrysler-building-20241021-p5kk04