Consolidation in the chipmaking industry continued this week with two deals topping the $10 billion mark, as noted by sibling publication The Recorder, but it was a residential real estate deal with a history steeped in the global financial crisis that was a reunion of sorts for several Am Law 100 firms.
New York’s famed Stuyvesant Town-Peter Cooper Village—Manhattan’s largest apartment complex, with 11,232 units—is poised to be sold for $5.3 billion to buyout behemoth The Blackstone Group and Montreal-based investment giant Ivanhoé Cambridge in a deal that will reportedly protect about half of the development’s affordable housing units for 20 years.
