JOURNAL ARTICLE

Tishman Speyer Steps Toward Regaining Control of Chrysler Building.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Cattan, Nacha 3 of 3

Abstract

The article focuses on developer Tishman Speyer nearing an agreement to regain control of Manhattan's Chrysler Building through exclusive negotiations with Cooper Union college, which owns the land beneath the skyscraper. The proposed ground lease would span over 100 years and requires approval from the New York State Attorney General's Office. The Chrysler Building, an iconic 77-story Art Deco tower completed in 1930 and designed by William Van Alen, has experienced a decline in value due to aging interiors and rising ground lease expenses, leading to a change in ownership in recent years. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Visual Arts
  • Publication Date:2026
  • Accession Number:192814985
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.