Tishman Speyer Loses Out in Stuy Town Lease Lawsuit


The myriad woes of Tishman Speyer and their megacomplex, Stuyvesant Town and Peter Cooper Village, continue. Yesterday a judge ruled in favor of tenants accusing the landlords of illegally raising rents and deregulating rent-controlled apartments. It could ultimately cost them up to $200 million that they don’t have. [NYT]