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Bumpy Ride on the Tishman Speyer Train

Given the bad news raining on Tishman Speyer, it could be a little early for the company to be elated about 201 Folsom possibilities (as noted in last week's story about the city deferring development fees). In NYC, the mega-real estate company has an overdue mortgage payment on Stuy Town, which they bought for a massive $5.4 billion. And their relatively recent acquisition of apartment operator Archstone isn't going too well either. [Crain's, previously]