Displaying all articles tagged:

Peter Cooper Village

  1. stuyvesant town
    Stuyvesant Deal Finally FinalizedCW Capital strikes a deal with Bill Ackman’s group.
  2. stuyvesant town
    Stuyvesant Town Auction DelayedThe future of the massive housing complex will have to wait another week.
  3. stuyvesant town
    Stuyvesant Town to Go to Auction Next WeekOctober 4 is the big day for the complex’s 25,000 residents.
  4. stuyvesant town
    Judge Negs Bill Ackman’s Stuyvesant Town Foreclosure PlanAnd we’re back to square one.
  5. stuyvesant town
    Another Investor Enters the Stuyvesant Town FrayActually, Gerald Guterman has been there for years.
  6. real estate
    Pershing Square and Winthrop Realty Offer Co-op Plan, Partnership With Stuyvesant Town TenantsYour move, CW Capital.
  7. real estate
    Bill Ackman Has His Hands All Over Stuyvesant TownOr at least all up in one very key part of its debt.
  8. neighborhood news
    Foreclosure on Stuyvesant Town Okayed by JudgeLenders are owed over $3.6 billion — not that they’re going to get it.
  9. real estate
    Paul, Weiss to Represent Stuyvesant Town Residents As They Ponder Bid to Buy ComplexThe powerhouse law firm will not seek compensation for its work.
  10. neighborhood news
    Stuyvesant Town Tenants Again Considering Making Offer for ComplexThis could be complicated.
  11. real estate
    Tishman Speyer and BlackRock Give Stuyvesant Town and Peter Cooper Village to CreditorsRather than face a painful and protracted foreclosure, the two companies have given up the massive apartment complex.
  12. renter beware
    Stuy Town Debt Holders Give Tishman Speyer and BlackRock Ten Days to PayThis means foreclosure will likely come sooner rather than later.
  13. neighborhood news
    Stuyvesant Town Owners DefaultThis was not a surprise.
  14. real estate
    Court Rules Against Stuyvesant Town Owners in Tenant LawsuitThey were judged to have improperly deregulated rent-stabilized apartments.
  15. neighborhood news
    WSJ: T Minus Four Months Until Stuyvesant Town DefaultsSources 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.
  16. real estate
    Tishman Speyer Loses Out in Stuy Town Lease LawsuitA judge ruled that they may owe tenant up to $200 million for illegally raising rent and deregulating apartments.
  17. company town
    Tishman Speyer Is on the WarpathAlso, Lehman Brothers weighs its options, and 15 CPW breaks the $100 million barrier.
  18. it just happened
    Stuy Town Sold for $5.4 BillionSo much for the tenants’ group: Tishman Speyer, the real-estate behemoth that controls Rockefeller Center, among other things, has won the auction for Stuyvesant Town and Peter Cooper Village, agreeing to pay MetLife $5.4 billion for the complex. That works out to $486,769 for each of the complex’s 11,232 apartments. Which would take only 243 months — a mere twenty years and change to recoup if each unit rented for the maximum allowable stabilized amount of $2,000 per month. Naturally Tishman will wait that out, right? 110-Building Site in N.Y. Is Sold to Speyer [NYT]