Tishman Speyer, one of New York's most high-profile developers, and BlackRock, one of the world's largest asset managers were able to persuade a group of investors to pony up just shy of $2 Billion and a consortium of banks to come up with another $4+ Billion for a total purchase prices of $5.4 Billion.

According to Bloomberg Tishman Speyer and BlackRock each invested $112.5 million out of total equity financing of $1.9 billion. i.e. 13% of the equity and 4.5% of the total purchase price. By walking away Tishman and Blackrock lose $250 million and the investors and creditors lose $3.5 billion and take 93% of the loss. Talk about caveat emptor!

Presumably Tishman and Blackrock's credibility takes a much bigger hit than their finances do.