06/19/2008 05:12 am ET | Updated May 25, 2011

Abu Dhabi To Buy Chrysler Building: Report

The latest Big Apple trophy being coveted by oil-rich sovereign wealth funds is the landmark Chrysler Building.

Sources say the super-rich Abu Dhabi Investment Council is negotiating an $800 million deal for a 75 percent stake in the Art Deco treasure that has defined the Midtown skyline since 1930.

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