Investment Collapse Betting Pool: Now it’s Crain’s’ turn to take…

tlmd_jsfcu7
Telemundo

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]For more stories from Curbed, go to curbed.com.

Copyright CURBD
Contact Us