Results tagged “abudhabi”

The building at 19 Washington Square North is almost ready to become the NYC center of NYU's campus in Abu Dhabi. The center will hold office space and a special teleconference room where NYU professors can offer instruction to students, who will be in Abu Dhabi.

The NYPD will have police officers stationed in Abu Dhabi to, per WNBC, "help in crime fighting as well as share intelligence in the war on terror. " Calling the United Arab Emirates the "crossroads of the Middle East," Police Commissioner Ray Kelly said information will be exchanged between the NYPD and Abu Dhabi officials and that the NYPD will help train their personnel. Having NYPD officials overseas is nothing new, as they are in Montreal, Toronto, London, Madrid, Paris, Tel Aviv and other cities. A few years ago, the New Yorker had a great feature on the NYPD's anti-terror work.

An Abu Dhabi sovereign wealth fund has acquired the Chrysler Building from a fund managed by Prudential Financial Inc. for an untold sum. It was learned last month that the Abu Dhabi group was considering buying a majority stake in the 1930 skyscraper for $800 million; Bloomberg news is now reporting that the deal is done. Middle Eastern investors have spent $1.8 billion this year buying commercial property in the U.S., more than other international buyers. “We're sending our money their way to purchase oil, and that money is coming back and buying our assets,” said Dan Fasulo, market analysis director at Real Capital.

The NY Post is reporting that the Abu Dhabi Investment Council "is negotiating an $800 million deal for a 75 percent stake" of the Chrsyler Building. Which would mean the entire Art Deco skyscraper, designed by William Van Alen (who was never paid!), is valued at over $1 billion.