"The board of trustees for Cooper Union college agreed to enter into exclusive negotiations with developer Tishman Speyer for a ground lease of more than 100 years."
"Any deal regarding the Chrysler Building would require approval from the New York State Attorney General's Office."
The board of trustees for Cooper Union college has agreed to enter exclusive negotiations with developer Tishman Speyer for a ground lease of over 100 years for the Chrysler Building. This agreement is a significant step for the former owner in regaining control of the iconic Art Deco skyscraper. Approval from the New York State Attorney General's Office is required for any deal to proceed.
Read at www.bloomberg.com
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