Wednesday, October 14, 2009

Church of England could lose in StuyTown

October 14, 2009
by Gerald Magpily

The list of losers from Tishman Speyer Properties and BlackRock Inc.'s (NYSEBLK) record $5.4 billion purchase of sprawling New York City apartment complex Stuyvesant Town Peter Cooper Village in 2006 is getting longer. With the downturn of the residential real estate market, The Wall Street Journal reports that besides the principal buyers other investors in the deal such as the Government of Singapore Investment Corp., insurance company Hartford Financial Services (NYSE:HIG) and even the Church of England are in danger of losing most or all of their investments. the rest

An Apartment Complex Teeters


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