Investment Collapse Betting Pool: Now it's Crain's' turn to take... - NBC New York

Investment Collapse Betting Pool: Now it's Crain's' turn to take...

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    Investment Collapse Betting Pool: Now it's Crain's' turn to take...

    Now it's Crain's' turn to take a look at the finances of Tishman Speyer, and while they echo the same concerns about the megalandlord's deal for Stuyvesant Town/Peter Cooper Village that have been reported everywhere, it's Tishman's purchase of fellow huge landlord Archstone-Smith that has Crain's worried. The $22 billion deal helped bring down Tishman partner Lehman Brothers, and the value of the investment has already plunged 10% to 30%. Hey, remember when the world was completely different and Tishman Speyer won the right to develop Hudson Yards into that crazy corporate utopia seen at right? THAT WAS ONLY SIX MONTHS AGO. [Crain's]

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