Symbolic properties of the 2008 market listed

The New York Observer created a map of 28 properties that are emblematic of this year’s real estate market. Stuyvesant Town and Peter Cooper Village are on the map as Tishman Speyer’s purchase of the complex was heralded in 2006, but the company is now struggling to pay back its lenders. Also on the map are the new Yankee Stadium and CitiField. They are both privately financed, but lenders have received controversial tax-exempt bonds in addition to public funds for parking lots and green space. Citigroup also has to pay $400 million over the next 20 years for naming rights. Other properties that made it onto the map include 15 Central Park West, Trump Soho and the Edge in Williamsburg.