Other People's Money
Author: Bagli, Charles V.
ISBN: 9780142180716
Publisher: Penguin Group USA
Year first published: 25 Mar 2014
Pages: 448
Format: Paperback / softback
B>In just over three years, real estate giant Tishman Speyer and its partner, BlackRock, lost billions of investors' dollars on a single deal. The I>New York Times/I> reporter who first broke the story of the sale of Stuyvesant Town-Peter Cooper Village takes readers inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the real estate crisis happened./B>BR>BR>b>A veteran New York Times reporter dissects the most spectacular failure in real estate history/b>br>br> Real estate giant Tishman Speyer and its partner, BlackRock, lost billions of dollars when their much-vaunted purchase of Stuyvesant Town-Peter Cooper Village in New York City failed to deliver the expected profits. But how did Tishman Speyer walk away from the deal unscathed, while others took the financial hit-and MetLife scored a $3 billion profit?br> p>/p>p>Illuminating the world of big real estate the way Too Big to Fail did for banks, i>Other People's Money/i> is a riveting account of politics, high finance, and the hubris that ultimately led to the nationwide real estate meltdown./p>
ISBN: 9780142180716
Publisher: Penguin Group USA
Year first published: 25 Mar 2014
Pages: 448
Format: Paperback / softback
B>In just over three years, real estate giant Tishman Speyer and its partner, BlackRock, lost billions of investors' dollars on a single deal. The I>New York Times/I> reporter who first broke the story of the sale of Stuyvesant Town-Peter Cooper Village takes readers inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the real estate crisis happened./B>BR>BR>b>A veteran New York Times reporter dissects the most spectacular failure in real estate history/b>br>br> Real estate giant Tishman Speyer and its partner, BlackRock, lost billions of dollars when their much-vaunted purchase of Stuyvesant Town-Peter Cooper Village in New York City failed to deliver the expected profits. But how did Tishman Speyer walk away from the deal unscathed, while others took the financial hit-and MetLife scored a $3 billion profit?br> p>/p>p>Illuminating the world of big real estate the way Too Big to Fail did for banks, i>Other People's Money/i> is a riveting account of politics, high finance, and the hubris that ultimately led to the nationwide real estate meltdown./p>
