More bad CRE news: NY developer Tishman Speyer defaults on a loan used to buy some of the...

|By:, SA News Editor

More bad CRE news: NY developer Tishman Speyer defaults on a loan used to buy some of the Chicago towers that Blackstone Group (BX) flipped after its $39B buyout of Equity Office Properties in 2007. Privately held Tishman and partner BlackRock (BLK) are also under pressure from rent disputes at its $5.4B NYC Stuy Town property. Zero Hedge takes a building-by-building look at the next shoes to drop.