New York mag's Gabriel Sherman is the latest to attempt to untangle the repercussions of Tishman Speyer's imminent Stuy Town default, and he runs through a number of possible scenarios for the iconic rental property: Chapter 11, a tenant takeover, etc. Of course, the real Stuy Town parlor game is trying to determine how much money Tishman Speyer actually put into the biggest real estate deal(/debacle) of all time, with some estimates as low as $56 million?which the company has almost certainly made back through management fees. Oh 2006, how we miss you. [NYM; Stuy Town coverage]
Filed under: