A group of investors bought New York City's Stuyvesant Town and Peter Cooper Village in 2006 at the height of the market for $5.4 billion. The speculative deal is now underwater and the investors have decided to walk away from their loans.
From The Wall St. Journal: "Tishman Speyer Properties and its primary partner BlackRock Inc. decided over the weekend to turn over the 56-building complex to creditors rather than pursue other options including potentially putting it into bankruptcy. The move came after the venture was unable to restructure the $4.4 billion in debt used to help finance its top-of-the-market purchase. The decision means that the owners won't use bankruptcy as a defensive strategy to keep control."
Who takes control over the properties is up in the air at this moment. At the time the deal was made, it was the largest real estate deal of its kind in U.S. history.
FULL STORY: Control of Stuyvesant Takes Center Stage

Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?

Car Designs Make it Harder to See Pedestrians
Blind spots created by thicker pillars built to withstand rollover crashes are creating dangerous conditions for people outside vehicles.

Cal Fire Chatbot Fails to Answer Basic Questions
An AI chatbot designed to provide information about wildfires can’t answer questions about evacuation orders, among other problems.

What Happens if Trump Kills Section 8?
The Trump admin aims to slash federal rental aid by nearly half and shift distribution to states. Experts warn this could spike homelessness and destabilize communities nationwide.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Appalachian Highlands Housing Partners
Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie