The 'walkaway' double standard

Mood of the Market

EMBRACE. FOCUS. EXECUTE. Build your 2019 roadmap to success with 4,000+ real estate leaders.
Inman Connect New York | January 29 - February 1, 2019

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