New York’s famed Chrysler Building finally finds a buyer

A US real estate firm announced on Wednesday it is buying the Chrysler Building and will undertake a vast makeover of the art deco landmark that dominates New York’s skyline. The Chrysler Building, which was opened in 1930 as a symbol of exuberance and modernity, had faced several years of uncertainty over its ownership. Tishman Speyer, a commercial landlord, said it and other investors will inject US$235 million into the property to refurbish its ageing interior and exterior. They will also pay...