6 days ago · The eviction caps a long saga for the Chrysler Building since RFR took control in 2019. RFR bought the Art Deco skyscraper from Tishman Speyer and the Abu Dhabi Investment Council for $151 million, a shockingly low sale price because the property was saddled with an onerous ground lease. Copper Union has owned the land underneath the 77-story ...

2 days ago · Aby Rosen’s RFR Holding and Signa Holding GmbH, Austria’s largest privately owned real estate company, purchased the lease on the Chrysler Building, located near Grand Central Terminal in ...

6 days ago · The tussle over one of New York's most iconic landmarks, the Chrysler Building, has reached a decisive end as a New York state judge has ruled against Aby Rosen's real estate firm, RFR Holding ...

6 days ago · Losing the Chrysler Building is the latest bad news for RFR. Lenders and city agencies have sued the developer for missed loan and tax payments at 17 State St., 522 Fifth Ave. and 90 Fifth Ave.

6 days ago · RFR agreed to pay $32 million a year in rent with plans to renovate the building, even proposing turning it into a hotel and adding an observation deck. When the cost of the lease became too much ...

Dec 19, 2024 · It’s easy to see why the Chrysler Building was irresistible to Aby Rosen. The flamboyant German émigré who heads up real-estate firm RFR Holding is clearly drawn to gorgeous has-beens.

The 77-story landmarked building contains more than 1.26 million-square-feet and has been long been regarded as an international symbol of New York City. The Chrysler Building is conveniently located in Midtown East with direct access to Grand Central Terminal and five subway lines.

Sep 27, 2024 · Cooper Union is poised to regain control of the iconic Chrysler Building after terminating the lease of powerhouse developers Aby Rosen and Michael Fuchs over $21 million in unpaid rent, The...

R&S Chrysler LLC (RFR), ground lessee since 2019, stopped making monthly ground lease payments on the Chrysler Building to The Cooper Union. As a result of their nonpayment, they are in default of the ground lease agreement, and we issued a …

Nov 1, 2024 · On October 31, Manhattan Supreme Court Judge Jennifer Schecter sided with Cooper Union when Chrysler Building tenants were ordered to pay rent directly to the school instead of Rosen’s company,...