Stuyvesant Town
From the March issue: Tishman Speyer Properties may have suffered one of the biggest debacles of the downturn with Stuy Town and Peter Cooper Village, but the firm appears to be getting its footing back. Over the past year, the 33-year-old Manhattan-based company has gone on a spree of buying, selling, developing and leasing buildings, as well as restructuring some of its debt. Last year, the firm bought around $1.06 billion of property around the world, up from $99 million in 2009, according to the Wall Street Journal. It wasn’t just a purchaser, though: The firm sold about $1.9 billion worth of property in 2010, up from $500 million a year earlier. [more]
