Other People's Money

Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made

By Charles V. Bagli
(Plume Books, Paperback, 9780142180716, 402pp.)

Publication Date: March 25, 2014

List Price: $17.00*
* Individual store prices may vary.
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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.




About the Author
Charles V. Bagli, a "New York Times" reporter who covers the intersection of politics and real estate, is the author of "Other People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made".
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