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"There are business opportunities there and that's what this revolution shows."
Talk about bringing your work home with you.
Just because he runs a firm with a market cap of $40 billion doesn't mean he's just an automaton.
Rather than face a painful and protracted foreclosure, the two companies have given up the massive apartment complex.
This means foreclosure will likely come sooner rather than later.
They were judged to have improperly deregulated rent-stabilized apartments.
Sources tell the paper that, at maximum, the investment group headed by Tishman Speyer and BlackRock has until February before they run out of cash to service their debt on the massive property.
Plus, lawyers make criminals sing (to 'Don Giovanni'), another spectacular apartment you can't afford hits the market, and more, in our daily industry roundup.
'Vanity Fair' fights back over the Miley Cyrus pictures, Stuyvesant Town has a square dance, and more, in our daily industry roundup.