Publications
Publications
- March 2006 (Revised April 2006)
- HBS Case Collection
International Place (A): Boston Real Estate Playoff
Abstract
First International Place, one of Boston's premier office buildings, was the subject of a control contest in 2005, as the New York real estate firm Tishman Speyer purchased the mortgage on the property through a sealed bid auction process and then sought to foreclose on the property. Elements in the case include the auction, valuation of the property in light of market conditions and issues of foreclosure, and strategies for recapitalization.
Keywords
Citation
Goetzmann, William N., and Irina Tarsis. "International Place (A): Boston Real Estate Playoff." Harvard Business School Case 206-088, March 2006. (Revised April 2006.)