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Other People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Eve

by Bagli, Charles V.

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Description

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?

Illuminating the world of big real estate the way Too Big to Fail did for banks, Other People's Money is a riveting account of politics, high finance, and the hubris that ultimately led to the nationwide real estate meltdown.

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Product Details

  • Plume Brand
  • Mar 25, 2014 Pub Date:
  • 9780142180716 ISBN-13:
  • 0142180718 ISBN-10:
  • English Language
  • 8.01 in * 0.98 in * 5.31 in Dimensions:
  • 1 lb Weight: