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GIC’s US$575 million flip on Stuyvesant town about to flop – in four months time

Courtesy of NY Mag:T Minus Four Months Until Stuyvesant Town DefaultsThis morning, The Wall Street Journal reports what people have been saying for a while now: that the investment group headed by BlackRock and developers Tishman Speyer that bought Stuyvesant Town and Peter Cooper Village in 2006 for $5.4 billion is going to run out ...

 

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