The Traderszone Network

Published in TZ Latest News 7 January, 2016 by The TZ Newswire Staff

What’s the deal? Did Stuy Town break a world price record or not?

Stuyvesant Town

Stuyvesant Town

In October, when news broke of the sale of Stuyvesant Town-Peter Cooper Village to the Blackstone Group and Ivanhoe Cambridge, most news outlets reported a sales price of $5.3 billion. This meant the deal had just fallen short of the most expensive single asset sale in history: the record $5.4 billion Tishman Speyer paid for Stuy Town in 2006.

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