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Wednesday, July 09, 2008

Should we be concerned?

By goon on July 9, 2008 at 11:08 am
4 Comments
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Just in today hot off the drudge report. I ask you is anyone concerned with Abu Dhabi investment snatching up USA property?

CHRYSLER BLDG. GOES ABU DHABI

Lois Weiss

AS of today, the majority of the iconic Chrysler Building should be in the - we expect - happy hands of the Abu Dhabi Investment Council.

The nearly $800 million deal, first reported by The Post on June 11, by the Middle East sovereign wealth fund included the purchase of 90 percent of the ownership stake while leaving local Tishman Speyer Properties as the manager of the 77-story tower.

Sources tell us the secretive ADIC will also soon close on the separate purchase of the retail sections that include the dramatic Philip Johnson-designed pyramid-shaped Trylons along E. 42nd St. that’s now rented to the Capital Grille steakhouse.

Comments

Avatar for robert108

You know, a lot of this worry went on in the Eighties, when the Japanese were buying up US property. It wasn’t a problem then, and it isn’t now, IMO.  What are they going to do; move the Chrysler Building to Abu Dhabi?
In general, foreign countries pay more than market prices for US property, which is good for us, and bad for them.

Media uncovers more Palin stories in one weekend than Obama stories in two years. Still no bias detected

Obama: more experienced than Bristol Palin

robert108 on July 9, 2008 at 12:52 pm
goon

Ok I will mark you down and not concerned. I do remember the Japanese doing the same thing.

Check out:
Goon’s North Dakota Red Neck
Goon’s World

goon on July 9, 2008 at 01:31 pm
James Kuhn

Not from the Emirates. They are one of the most moderate Arab countries. They were ready to vamp up a large tourism campaign to get more Westerners to come in and enjoy their high-class amenities (like the world’s only 7-star hotel) when 9/11 happened. They are still pretty neutral as Arab countries go. They are on board with capitalism.

James Kuhn on July 9, 2008 at 01:59 pm
goon

Isn’t our CENTCOM Military base there as well?

Check out:
Goon’s North Dakota Red Neck
Goon’s World

goon on July 9, 2008 at 02:02 pm
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