International Place (A): Boston Real Estate Playoff

Case Analysis

First Place International, a leading Boston office building was subject to a control elections in 2005, when the New York real estate company Tishman Speyer bought the mortgage on the property through a sealed bid auction and then tried to foreclose on the property. Elements in the event the auction, valuation of the property in the light of market conditions and issues of foreclosure, and strategies for recapitalization.

First Place International, a leading Boston office building was subject to a control elections in 2005, when the New York real estate company Tishman Speyer bought the mortgage on the property through a sealed bid auction and then tried to foreclose on the property. Elements in the event the auction, valuation of the property in the light of market conditions and issues of foreclosure, and strategies for recapitalization.
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from
William Goetzmann,
Irina Tarsis
Source: Harvard Business School
21 pages.
Release Date: 27 March 2006. Prod #: 206088-PDF-ENG
International City (A): Boston Real Estate playoff HBR case solution