Law

Law

The greatest real estate debacle in U.S. history—the Tishman-Speyer purchase of the apartments at Stuyvesant Town and Peter Cooper Village for $5.4 billion—came on the heels of the the subprime mortgage disaster. If you were a loan officer or advisor who underwrites investments in real estate projects, what lessons would you draw from this recent case study of a real estate project gone awry? Reference Other People’s Money and the Robertsdecision in your answer.