To the Point
How the Biggest Real Estate Sale in History Went from Boom to Bust
When the massive middle-class apartment complex Stuyvesant Town-Peter Cooper Village was sold in 2006, it was the biggest real estate deal in history -- $5.4 billion, most of which came from outside investors. But from Day One, the purchase had problems.
By Warren Olney • • 1 min readWhen the massive middle-class apartment complex
Stuyvesant Town-Peter Cooper Village was sold in 2006, it was the biggest real estate deal in history -- $5.4 billion, most of which came from outside investors. But from Day One, the purchase had problems. Author
Charles Bagli chronicles the sale and its aftermath in his new book
Other People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made
.
