Closing the deal on real estate 

CHRYSLER BUILDING ON THE BLOCK

SOVEREIGN ARAB FUND TO PAY $800M

The latest Big Apple trophy being coveted by oil-rich sovereign wealth fundsis the landmark Chrysler Building. Maybe one of these oil magnates can put in a bid for Turtle Bay. They then could ship the UN to Teheran.

After the check clears, nationalize the building as they did with the oil sites.

An Italian Snags the Flatiron

[snip]
Now a top Italian real estate investor has nabbed a crown piece of New York property, a sale that echoes the Japanese purchase of Rockefeller Center in 1989. Valter Mainetti has confirmed to TIME that his company, the Sorgente Group, has acquired a majority share of Manhattan’s historic Flatiron building. [snip]

It would have been more appropriate to sell them Greenwich Village, the Upper West and East Sides and tossed in Scarsdale as a freebie, displacing only liberal idiots, stockbrokers, and swells in that order producing a suitable result.

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June 11, 2008 at 5:06 pm | Trackback