new york city history
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2021 ◽  
pp. 294-323
Author(s):  
Daniel R. Garodnick

This chapter refers to Doug Harmon, a real-estate broker at Eastdil Secured, that lost to Darcy Stacom of CB Richard Ellis when MetLife had put Stuyvesant Town up for sale in 2006. It reviews MetLife's desire to shoot the moon for the highest possible price, and Stacom's promise to deliver to them what they wanted without regard for the tenants' arguments about preserving middle-class housing. It also notes Harmon's intuition that the deal that was being pitched by Stacom was going to have bad consequences for the tenants. The chapter talks about how Harmon set the real-estate record for the most expensive building sale in New York City history by selling the General Motors Building for $1.4 billion in 2003. It examines the Stuy Town deal that required CWCapital to present the right buyer and push for a quick decision.







1906 ◽  
Vol 63 (16) ◽  
pp. 432-433
Author(s):  
Sara J. Phillips


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