Record NYC real estate deal now on the rocks

Record NYC real estate deal now on the rocks

Real estate firm Tishman Speyer Properties and BlackRock Realty Advisors paid $5.4 billion for a pair of gigantic Manhattan apartment complexes known as Stuyvesant Town and Peter Cooper Village.It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops.




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