Tishman Speyer Steps Toward Regaining Control of Chrysler Building

A former owner of Manhattan’s Chrysler Building is one step closer to regaining control of the iconic Art Deco skyscraper.

The board of trustees for Cooper Union college, which owns the land under the tower, agreed to enter into exclusive negotiations with developer Tishman Speyer for a ground lease of more than 100 years, according to a person familiar with the matter. Any deal would require approval from the New York State Attorney General’s Office, the person said.