Court Rules Against Stuyvesant Town Owners in Tenant Lawsuit
They were judged to have improperly deregulated rent-stabilized apartments.
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WSJ: T Minus Four Months Until Stuyvesant Town Defaults
Sources tell the paper that, at maximum, the investment group headed by Tishman Speyer and BlackRock has until February before they run out of cash to service their debt on the massive property.
Tishman Speyer Loses Out in Stuy Town Lease Lawsuit
A judge ruled that they may owe tenant up to $200 million for illegally raising rent and deregulating apartments.
Tishman Speyer Is on the Warpath
Also, Lehman Brothers weighs its options, and 15 CPW breaks the $100 million barrier.
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