https://www.cnn.com/2019/03/08/business/chrysler-building-sale/index.html
What an epic fail. Even GF should lose less than 80% when sale and liquidation completes.
Proving once again that foolish princes and their sovereign wealth funds are soon parted.
The article is missing important information. Rent was paid by business's that leased the office space. This income is not reflected in this article.
Very hard to tell if this was a loss or a cutting of future losses.
No wonder they want to be rid of GF so badly. Looks like their investments are going south across the board. No one will buy GF though. They would have to do an IBM and pay someone to rid them of GF. That's not going to happen because pulling the plug, locking the doors and selling off whatever isn't nailed down would be far cheaper.