Title: Other people's money : inside the housing crisis and the demise of the greatest real estate deal ever made /
Authors: Bagli, Charles.
Publisher: Dutton,
Year: 2013
Subjects: Tishman Speyer.; Real estate development New York (State) New York Case studies.; Real estate investment New York (State) New York Case studies.; Mortgage loans United States.; Housing United States; Discrimination in housing United States.; Global Financial Crisis, 2008-2009; Financial crises United States; Stuyvesant Town (New York, N.Y.) History.
Abstract: Documents how real estate giant Tishman Speyer and its partner, BlackRock, lost billions of investor dollars in a single failed deal and explores how the events surrounding the infamous deal reflected the ongoing real estate crisis.
Contents: The poster child of the real estate bubble -- "Negroes and Whites don't mix" -- Thirty-six million bricks -- The Golden Age -- Who would drive the last dollar? -- Let's make a deal -- For sale -- "The more you spend, the more we can lend against it" -- What $5.4 billion gets you -- "What do they have against trees?" -- The bubble explodes -- How to lose $3.6 billion in two years -- Reckoning.