000 03835cam a2200457 i 4500
001 2013045940
003 DLC
005 20190729105144.0
008 131205t20132013nyua b 001 0 eng
010 _a 2013045940
020 _a9780525952657
_qhardback
020 _a0525952659
_qhardback
020 _a9780142180716
_qpaperback
042 _apcc
040 _aDLC
_beng
_erda
_cDLC
_dDLC
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049 _aEY8Z
050 0 0 _aHD1375
_b.B224 2013
082 0 0 _a330.9/0511
_223
084 _aBUS054000
_2bisacsh
100 1 _aBagli, Charles V.
245 1 0 _aOther people's money :
_binside the housing crisis and the demise of the greatest real estate deal ever made /
_cCharles V. Bagli.
246 3 _aInside the housing crisis and the demise of the greatest real estate deal ever made
264 1 _aNew York :
_bPlume,
_c[2013]
264 4 _c©2013
300 _axxviii, 387 pages, 8 unnumbered pages of plates :
_billustrations ;
_c24 cm
336 _atext
_2rdacontent
337 _aunmediated
_2rdamedia
338 _avolume
_2rdacarrier
520 _a" 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. "--
_cProvided by publisher.
520 _a"The New York Times reporter who first broke the story of the sale of Stuyvesant Town-Peter Cooper Village takes readers inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the real estate crisis happened. How did the smartest people in real estate lose billions in one single deal? How did the Church of England, the California public employees' pension fund, and the Singapore government lose more than one billion dollars combined investing in a middle-class housing complex in New York City? How did MetLife make three billion dollars on the deal without any repercussions from a historically racist policy of housing segregation? And how did nine residents of a sleepy enclave in New York City win one of the most unlikely lawsuits in the history of real estate law? Not only does Other People's Money answer those questions, it also explains the current recession in stark, clear detail while providing riveting first-person accounts of the titanic failure of the real estate industry to see that a recession was coming. It's the definitive book on real estate during the bubble years--and what happened when that enormous bubble exploded"--
_cProvided by publisher.
504 _aIncludes bibliographical references (pages 373-386).
505 0 _aThe 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.
650 0 _aReal estate business.
650 0 _aReal estate investment
_xFinance.
650 0 _aGlobal Financial Crisis, 2008-2009.
650 7 _aBUSINESS & ECONOMICS / Real Estate.
_2bisacsh
948 _au366740
949 _aHD1375 .B224 2013
_wLC
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