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Report: Irish developer considers bid for Chrysler Building in NYC

Johnny Ronan of Ronan Group Real Estate is mulling the purchase of the art-deco Chrysler Building in Manhattan, N.Y., from Mubadala Investment Co. and Tishman Speyer Properties LP, the Irish Independent reported.

Citing an unnamed source close to the Irish property developer, the publication added that Ronan is seeking details of the asset from selling agent CBRE Group Inc.

Abu Dhabi's sovereign wealth fund, the Abu Dhabi Investment Council, paid $800 million in 2008 for a 90% stake in the 77-story tower. In 2018, the fund became part of Mubadala, another of Abu Dhabi's investment arms, the publication added.