The billionaire hedge fund manager William Ackman has great ambitions for Stuyvesant Town, but he is also taking considerable risks. The sprawling apartment complex on the East Side of Manhattan could end up being either a cash cow or a huge headache for Mr. Ackman, who runs Pershing Square Capital Management.
Ackman lays out his plan for Stuyvesant Town
Most Popular Articles
Latest Articles
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program