Bubble Wrap

The 15 biggest winners and losers since the crunch

With the approaching 1 year anniversary of Lehman’s collapse,The Real Deal takes a look at the best and worst deals since the onset of the credit crunch.

“Worst deals” included record-breaking purchases like the GM Building, although Mort Zuckerman, chairman of Boston Properties, told The Real Deal he still considers it “the best purchase we’ve ever made” when viewed as a long-term investment. Also singled out as a not-so-savvy investment were individual apartment sales like one at Julian Schnabel’s Palazzo Chupi, where a Wall Street buyer paid $15.5 million only to see the value plummet by 55 percent, doubling the declines seen in the overall market.