Entries tagged "Tishman Speyer"
For some, Tishman Speyer Properties' $5.4 billion purchase in 2006 of Manhattan residential complex Peter Cooper Village and Stuyvesant Town symbolized the peak of the real estate boom. Now, the bubble has burst, and the New York-based real estate company is starting to feel some pain as several bonds tied to the 80-acre middle-income development were downgraded by Moody's Investors Service last week following a Standard & Poor's downgrade just a few weeks earlier....
The cracks are now showing on loans private equity firms and real estate investment trusts took to acquire apartment buildings that offered affordable housing in New York City. These apartment buildings were once considered golden opportunities, but now in hindsight the deals have become ticking time bombs that are just now detonating. ...
Private capital continues to rush into India's high-growth economy. Two firms, property developer Tishman Speyer Properties and buyout shop Jina Ventures, each are marketing new funds that will target investments in the countries real estate and manufacturing sectors....
