Posts Tagged ‘per unit’
Risk vs. Reward vs. Hindsight
January 28th, 2010 | 
Author: 
In her latest blog entry, a woman named Megan McArdle took a brave stance! She said that Tishman and Blackrock’s collective decision to buy Stuyvesant Town for $5.4 Billion was a “…breathtakingly stupid deal.”
Well, if it was the largest commercial real estate trade of all time, then she’s about the biggest Monday-morning-quarterback of all time.
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Posted in Banking & Finance, Owners & Developers | 
Tags: BlackRock, cap ex, closing costs, CMBS, leverage, maturities, Megan McArdle, NOI, outcome, per unit, rent control, reward, risk, risk adjusted returns, Stuyvesant Town, Tishman Speyer, un-levered return | 
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