Signa, RFR Holding buy New York’s Chrysler Building

Austrian real estate company Signa Holding and New York-based real estate developer RFR Holding LLC have bought Manhattan’s iconic Chrysler Building, Signa stated on Friday.

Signa and RFR entered into a joint venture to acquire the asset from Abu Dhabi Investment Council and Tishman Speyer, Signa said.

Reuters previously in March reported that Signa and RFR would purchase the art-deco tower, that was the world’s tallest building when finished in 1930, for about $150 million.