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Other People's Money: Inside the Housing Crisis

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Other People’s Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made

A veteran New York Times reporter dissects the most spectacular failure in real estate history

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?

About the Author

Charles V. Bagli is a New York Times reporter who covers the intersection of politics and real estate. He has written about the sale of high-profile buildings, political contributions of the real estate industry, the battle to build a two-billion-dollar stadium for the Jets, bid rigging in the construction industry, payoffs at the tax assessor’s office, and a Sutton Place co-op that turned public land into a private park. He has worked for the New York Observer, the Daily Record of Morristown, New Jersey, the Tampa Tribune and the Brooklyn Phoenix. He lives with his wife in New Jersey. They have two daughters.

Product details

  • Full PDF E-Book Included
  • Good Quality for print
  • Publisher : Plume; Reprint edition (March 25, 2014)
  • Language : English
  • Print Length : 448 pages
  • ISBN-10 : 0142180718
  • ISBN-13 : 978-0142180716

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