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...Stacom led the $5.4bn sale of New York’s Peter Cooper Village and Stuyvesant Town in 2006, which included 110 separate buildings and 80 acres of property....
...Additional reporting by Ismi Damayanti A version of this article was first published by Nikkei Asia on June 18, 2023. ©2023 Nikkei Inc. All rights reserved....
...And each time we do that, we need to readjust our mental processes, dredging our original task back to the fore. That creates switching costs....
...“We have laws that require that dredging be done by ships that are made in America by American companies. The ports are also owned by the cities that they’re in....
...A BlackRock investment in New York’s Stuyvesant Town-Peter Cooper Village ended up an embarrassing disaster....
...Its record $5.4bn buyout in 2006 of Manhattan’s Stuyvesant Town-Peter Cooper Village residential development was over-levered and ill timed....
...They took turns selling the massive Stuyvesant Town and Peter Cooper Village development — she for a record $5.4bn in 2006, just before the financial crisis, and he for either $5.3bn or $5.45bn in the boom...
...In Bedford-Stuyvesant, Crown Heights, Lefferts Gardens and Bushwick, sales rose 21 per cent....
...His family lived in a seventh floor walk-up apartment in Bedford-Stuyvesant, a Brooklyn neighbourhood that was falling out of favour in the 1930s....
...Sihanoukville was selected because of its harbour depth and natural conditions, allowing less dredging, among other reasons. Construction began in 1956 and the first jetty opened in 1960....
...Their previous rental was a four-floor brownstone in Bedford-Stuyvesant, Brooklyn, “closer to JFK than the city”....
...They will play an important, but uncomfortable role, as they portray a Trump who hasn’t been shy about dredging up her husband’s infidelity or float conspiracy theories about the couple....
...“For generations, Stuyvesant Town has been a home to working and middle-class families....
...Lastly, we noticed that French municipal authorities have been busily dredging the famed Canal Saint-Martin, and Libération is reporting they’ve found a hodgepodge of detritus of daily Parisian life....
...However, the value of new contracts at the dredging operation rose 7.6 per cent to Rmb42.3bn, an increase the company said “signals a recovery of dredging business in 2015”....
...Campaigners say cutting into the ocean floor or dredging to recover minerals that will be pumped on to a floating processing vessel will kill marine life and smother neighbouring areas with sediment or plumes...
...Mr Harris hinted that perhaps an angry media was dredging up these old stories in an effort to undermine the right to be forgotten....
...A joint venture of 48 Dutch municipalities and six water regulatory authorities has a 10 per cent stake as does Van Oord, a Dutch dredging and marine engineering company....
...Consider the brilliantly-timed decision to sell Manhattan’s Stuyvesant Town-Peter Cooper Village apartment complex in 2006 – at the top of the US property boom....
...Tenants of Peter Cooper Village and Stuyvesant Town have been in limbo in recent months....
...Among CW Capital’s biggest troubled loans is the one for New York’s sprawling Stuyvesant Town-Peter Cooper Village complex, which it took control of earlier this year when Tishman Speyer defaulted on $4.5bn...
...The decision comes after the venture between Tishman and BlackRock Inc. defaulted on the $4.4 billion debt used to help finance the deal....
...For six decades, Stuyvesant Town and Peter Cooper Village were bastions of the ordinary middle class in Manhattan....
...For example, it is currently considering whether to join in the bidding for General Growth Properties, the bankrupt US mall owner, and for Stuyvesant Town, the sprawling New York apartment complex that wound...
...“Stuyvesant Town’s performance will not improve sufficiently enough to service its securitised debt before reserves run dry,” Mary MacNeill, managing director of Fitch, said....
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