NY Landmarks for Sale to Foreigners, Including Flatiron and Chrysler Buildings

This is another example of America being sold out. It's a disgrace:

Is another New York landmark being sold to foreign investors?

The New York Post reported Wednesday that the Abu Dhabi Investment Council, a fund based in the United Arab Emirates, is in negotiations on an $800 million deal to buy a 75 percent stake in Manhattan's Chrysler Building. The report was based on information from unnamed sources.

Potential players in the deal weren't talking Wednesday. Theresa Miller, a spokeswoman for Prudential Real Estate Investors -- which owns a 75 percent stake in the building -- declined to comment on whether a sale was in the works.

The Post had reported that the Atlanta-based company TMW was the prospective seller, but Miller said TMW had been fully integrated into Prudential since the latter bought TMW several years ago.

An attempt to reach Abu Dhabi Investment Council was unsuccessful. Real estate company Tischman Speyer, which owns the remaining 25 percent stake in the building, declined to comment.

It's the second time this week that news has broken of a foreign buyer investing big-time in a prominent New York address. Time magazine reported on Tuesday that Sorgente Group, the company led by Italian real estate investor Valter Mainetti, has acquired a majority share of Manhattan's famed Flatiron Building, a historic structure known for its triangular shape.