The traditional American set of values includes liking things big. We like extremes. The biggest, best, fastest, record-setting specimen of anything tends to get our attention.

So, in 2006, when Tishman Speyer Properties led a group of institutional investors in purchasing the 56-building, 11,232-unit Peter Cooper Village and Stuyvesant Town apartment complex in New York City for $5.4 billion dollars (that’s not a typo — it’s billions, with a "b"), eyebrows went up, jaws dropped, and the deal was duly noted in the record books as the largest residential property purchase in the nation — ever.

You know what they say: "The bigger they are, the harder they fall." In that uncanny way those old clich

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top