Stuyvesant Town Owners Default
This was not a surprise.
By Chris RovzarThis was not a surprise.
By Chris RovzarThe impending financial disaster at Stuyvesant Town has gotten plenty of ink, but it may only be the beginning of a nightmare for tenants citywide.
By Eileen MarkeyThey were judged to have improperly deregulated rent-stabilized apartments.
By Chris RovzarSources 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.
By Chris RovzarThe New York 'Press' tries to find out.
By Chris RovzarThough, I'll admit, I'm not above chuckling about it.
By Chris RovzarA judge ruled that they may owe tenant up to $200 million for illegally raising rent and deregulating apartments.
By Chris RovzarThe huge East Side housing complex's cash problem is leading to layoffs.
By Tim MurphyBut despite the sleekness, they ran out of bagels!
By Tim MurphyThe ‘Times’ and the ‘Post’ both ran obituaries for the city real-estate bubble today.
By Chris RovzarIs Julian Schnabel's big, pink Palazzo Chupi in the West Village so sleepy that the doormen are giving tours to any old passerby? That and more blasphemous rumors from Sunnyside Gardens, Dumbo, and Park Slope in today's boroughs report.
By Tim MurphyStuy Town laundry thieves are being surveilled, Carroll Gardens raccoon cheerleaders speak out, Ikea bus riders forego affordable design for methadone, and much more, in our 'Ruby Tuesday' boroughs roundup.
It's Freaky Friday! What better day for a crazy Caribbean lady in Forest Hills, a goat-slaughtering market in St. Albans, and a $200,000 game-show win for a guy from Westerleigh? (That's on Staten Island, people.)
Crown Heights unites against a homeless center, Snug Harbor gets ready to rock, and more in our week's-end boroughs report.
Also, Lehman Brothers weighs its options, and 15 CPW breaks the $100 million barrier.
'Vanity Fair' fights back over the Miley Cyrus pictures, Stuyvesant Town has a square dance, and more, in our daily industry roundup.
Cuddly, scrumptious puppies! The people who live there must be so happy! Or not: "We will now have sidewalks like the rest of the city with puddles of urine and smears of dog poop," grumbles one. All this and more in our daily roundup of neighborhood news.
Chelsea: Jack White stopped by the Chelsea Hotel the other day*, in full fur-coat regalia, to soak up some of Bob Dylan's residual energy from the place in order to prepare for his upcoming album with the rock hero. [Living With Legends] Cobble Hill: This neighborhood blog is all excited that Alex McCord is one of the crackpot stars of The Real Housewives of New York City. They've started an open-comments thread. But no one has an opinion yet. Chime in! [Cobble Hill Blog] Gowanus: A new south Brooklyn neighborhood coalition, which includes residents of Red Hook, Gowanus, and Carroll Gardens, is preparing to fight for your right to gentrify! Or, you know, stop gentrification. As the case may be. [Gowanus Lounge]
Brooklyn Heights: Rumors are burbling that the hood's symphonically hyped "Subway Cyrano" saga — where a guy reconnected with his subway crush after searching for her via an online vid — is a Lonelygirl-type hoax. Wouldn't that be sad? [Brooklyn Heights Blog] East Village: Sure, two low-paid young'uns can share a $3,000 Stuy Town one-bedroom. If they bring along their $1,000 pressurized wall. [Hunt Grunt] Flatbush: Several cats have been abandoned on a rooftop! And they're scared and hungry! [Only the Blog Knows Brooklyn]