Why Stuy Town Didn't Hit Its Potential
At least 5,000 of the complex's units will have to stay rent-regulated for at least another 20 years under a new agreement.
At least 5,000 of the complex's units will have to stay rent-regulated for at least another 20 years under a new agreement.
Bank of America Merrill Lynch and Wells Fargo inked a $640M loan Monday for Tishman Speyer’s luxury residential construction in Long Island City.
Blackstone and CWCapital jumped through lawsuits to see their Stuy Town-Peter Cooper Village sale close on Friday December 18th.
Hotel transactions grew by 50% in one year.
Every year two investment titans—Blackstone's Byron Wien and TheStreet's Doug Kass—put out their annual prediction list.
Why: For all Bruce’s bold (smack) talk about taking on Blackstone, he's been backing it up with deals.
This Week's Boston Deal Sheet
Google paid $215M for the 554,328 SF Bayhill Office Center in San Bruno for its YouTube division, signaling plans for major growth.
$5.3B deal for Stuy Town-Peter Cooper Village means pay dirt for five CMBS conduit deals made during Tishman Speyer’s buy (and default) of the complex.
Carlyle Group’s profits tumbled 57% in Q4’15 from slowing asset sales, following similar drops from fellow giants Blackstone and Apollo.
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