Trustees for the senior debt backed by Stuyvesant Town/Peter Cooper Village in Manhattan have sued to block a venture of Pershing Square Capital Management and Winthrop Realty Trust from foreclosing on mezzanine debt against the 11,227-unit apartment complex, Reuters has ...
Commercial Real EstateDirect Staff ReportA venture of Winthrop Realty Trust and Pershing SquareCapital Management that holds $300 million of senior mezzanine debt onStuyvesant Town and Peter Cooper Village in Manhattan plans to convert the11,227-unit apartment complex to a co-operative ownership ...
Crain's New York BusinessA judge has ruled that tenants of market-rate apartments at the Stuyvesant Town and Peter Cooper Village complex in Manhattan are entitled to refunds for overpayment of rent to the property's owner, a venture led by Tishman ...
Crain's Chicago BusinessA Cook County, Ill., Circuit Court Judge dismissed a foreclosure suit filed against a hotel near Chicago's O'Hare International Airport after its owner brought the debt against it current. An ownership venture led by local developer Albert Friedman ...
New York ObserverA federal judge has ruled that foreclosure proceedings can begin on the $3.66 billion of securitized debt that backs the 11,232-unit Stuyvesant Town and Peter Cooper Village apartment complex in Manhattan.The securitized debt's trustees, led by Bank of ...
Commercial Real Estate Direct Staff Report The Federal Reserve Bank of New York has accepted 36 of the 55 CMBS bonds submitted as collateral for $1.3 billion of financing requested under the Term Asset-Backed Securities Loan Facility, or TALF, for ...
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