Stuy Town Residents Could get NYC Grail: Ownership
NEW YORK — The things people do for a good Manhattan real estate deal. For Ellen Cassels it's living with her husband and two sons in a one-bed...
NEW YORK — The things people do for a good Manhattan real estate deal. For Ellen Cassels it's living with her husband and two sons in a one-bed...
New York Observer | New York Observer | Posted 05.25.2011
Hedge fund manager Bill Ackman is making a play for Stuyvesant Town. Mr. Ackman's Pershing Capital Management and Winthrop Realty Trust today ...
ny.curbed.com | Posted 05.25.2011
Veteran landlord/developer Gerald Guterman announced his intention to make a play for ownership of Stuyvesant Town/Peter Cooper Village and work with...
Eric S. Margules | Posted 05.25.2011
If the courts can legislate from the bench and reinterpret years of case law and regulatory intent, then who knows what may come next?
nbcnewyork.com | Posted 05.25.2011
A hedge fund that has acquired a significant portion of the debt of Stuyvesant Town and Peter Cooper Village is now seeking to take control of them, a...
nytimes.com | CHARLES v. BAGLI | Posted 05.25.2011
The lenders at Stuyvesant Town and Peter Cooper Village are expected to begin an uncontested foreclosure action on Tuesday against the owner of Manhat...
AP | RACHEL BECK | Posted 05.25.2011
NEW YORK — Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can't pay its mortgage. That's good business. Rick ...
nytimes.com | CHRISTINE HAUGHNEY | Posted 05.25.2011
New records show that even as the real estate industry has confronted its worst crisis in decades, developers, construction executives and real estate...
David R. Jones, Esq. | Posted 05.25.2011
This recession hasn't been borne equally along class lines in New York City. It hasn't created the sense of urgency that propelled the New Deal, the WPA, and LaGuardia's Health and Hospital Corporation.
Posted 05.25.2011
Tishman Speyer wasted no time in getting the message out on their massive default of the Stuyvesant Town and Peter Cooper Village properties. The rea...
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011
As underwater homeowners around the country despair over whether to keep paying their mortgages or just walk away, investors in the largest residentia...
AP | SAMANTHA GROSS | Posted 05.25.2011
NEW YORK — Like many homeowners who owe more than their properties are worth, the heavy hitters behind the most expensive real estate deal in U....
Crain's New York Business | Posted 05.25.2011
Residents of Stuyvesant Town/Peter Cooper Village whose apartments were illegally deregulated will finally see their rents lowered to estimated rent-s...
Curbed | Curbed | Posted 05.25.2011
Bloomberg reports that Stuyvesant Town-Peter Cooper Village landlord Tishman Speyer "moved closer to restructuring $3 billion in debt on the apartme...
The New York Observer | Eliot Brown | Posted 05.25.2011
In a decision with seismic implications for Stuyvesant Town and property owners throughout the city, the state's top court has ruled against real esta...
MSNBC | MSNBC | Posted 05.25.2011
Owners of Stuyvesant Town and Peter Cooper Village, large New York City apartment complexes, will miss a $16 million loan payment on Friday, putting t...
Curbed | Curbed | Posted 05.25.2011
In a breaking news ticker that just rocked our world, the Times reports that the state's highest court has ruled against landlord Tishman Speyer in...
Elizabeth Donoghue | Posted 05.25.2011
New York is experiencing what the rest of the country is, too: unemployment and hard times. The Stuy Town decision on rent regulation will help people keep their homes in this uncertain era.
Curbed | Curbed | Posted 05.25.2011
A day after the state Court of Appeals decision on rent regulation at Stuyvesant Town, New Yorkers still have many questions. Perhaps the most pres...
AP | Posted 05.25.2011
NEW YORK — The partnership that paid a record $5.4 billion for two of New York City's biggest apartment complexes is having money problems. The...
nydailynews.com | Larry Mcshane | Posted 05.25.2011
In a ruling that could affect 350,000 city tenants, the state's top court said Thursday that landlords getting tax breaks can't charge luxury rates fo...
Bronx News Network | Bronx News Network | Posted 05.25.2011
Two NYPD detectives were injured in a friendly-fire incident last night during an attempted Fordham Road drug bust. Detectives Thomas Guarino and Thom...
Curbed | Curbed | Posted 05.25.2011
When Tishman Speyer and its various partners and investors (including God!) purchased the largely rent-stabilized wonderland known as Stuyvesant Tow...
AP | DAVID B. CARUSO | Posted 05.25.2011
NEW YORK — It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops. At the height of the...
NBC NewYork | NBC New York | Posted 05.25.2011
New York's top court dealt a blow to the owners of the sprawling Stuyvesant Town and Peter Cooper Village today, ruling they wrongfully raised rents o...
AP | SAMANTHA GROSS | Posted 05.25.2011