Other People's Money
Book description
A veteran New York Times reporter dissects the most spectacular failure in real estate history
Real estate giant Tishman Speyer and its partner, BlackRock, lost billions of dollars when their much-vaunted purchase of Stuyvesant Town–Peter Cooper Village in New York City failed to deliver the expected profits. But how did…
Why read it?
1 author picked Other People's Money as one of their favorite books. Why do they recommend it?
One of O’Dwyer’s early prominent battles for the First Amendment and civil rights occurred when he represented families evicted for opposing a racial color line in the selection of tenants of MetLife’s Stuyvesant Town in lower Manhattan, built with assistance from the La Guardia administration.
Through Bagli’s carefully researched history of this watershed battle over the authority of a private landlord to bar African Americans, he explains that O’Dwyer’s involvement in the case on behalf of progressive tenants helped pave the way for Metlife to build the smaller Riverton housing development in Harlem as a concession to critics. Over time,…
From Robert's list on era that influenced attorney Paul O'Dwyer.
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