Jan 29th 2010 2:00PM
Can Donald Trump handle Stuy Town? The real estate mogul, known for his glitzy towers, is mulling a bid for Stuyvesant Town and Peter Cooper Village, the sprawling New York City apartment complexes that were seized by creditors last week. "People have asked us if we would get involved in running it or buying it," Trump... Continue Reading »
Jan 27th 2010 1:30PM
On Monday, lenders foreclosed on one of the biggest apartment complexes in the country, seizing the 11,000 apartments at Stuyvesant Town and Peter Cooper Village from real estate giants Tishman Speyer and BlackRock, Inc., who failed to make their monthly mortgage payments. Where does that leave the people who live there?... Continue Reading »
Jan 19th 2010 9:00AM
Could the defaults and foreclosures of office towers, shopping malls, and half-built condo complexes bring down the rest of the economy? That's been the worry in recent weeks, as the "slow motion train wreck" of commercial real estate picks up steam. "Both in the U.S. and Europe, experts are concerned that stress from... Continue Reading »
Dec 28th 2009 12:00PM
This week The New York Times chronicled the hubris of Dawnay Day, a high-flying UK real estate investment firm that swooped into the U.S. with big plans to turn shabby apartment buildings into upscale pads with rents to match. (The piece is a swan song for Times real estate reporter Christine Haughney, who was just laid... Continue Reading »
Dec 7th 2009 11:50AM
Another "biggest deal in history" is falling apart.Back in 2007, when Tishman Speyer paid $1.7 billion for six office towers in Chicago's Loop, the local press proclaimed it the "biggest real estate deal in Chicago history." Now, a part of the $1.4 million package of loans on the properties is in default - and Tishman... Continue Reading »
