The King Solomon Approach: Divide Stuyvesant Town In Two?

April 27, 2010 by Neil · 1 Comment 

Stuyvesant Town / Peter Cooper Village, America’s most expensive apartment complex, consists of two separate tax lots. Bank of America and special loan servicer CWCapital, acting on behalf of senior creditors, want to recoup as much of their defaulted loan … Read More

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Who Will Control Stuyvesant Town?

February 1, 2010 by Neil · 1 Comment 

Tishman Speyer has ruled out the nuclear option of bankruptcy to forestall the struggle for control of Stuyvesant Town / Peter Cooper Village. Now a real estate food fight will ensue over control of the 110-building complex, each … Read More

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How May Stuyvesant Town Cause Tishman Speyer To Lose Millions More?

January 23, 2010 by Neil · 1 Comment 

Gramercy Capital Corp, the most junior lender in the 2006 purchase of Stuyvesant Town/Peter Cooper Village, has asked CWCapital, the special servicer for senior lenders of $3 billion in commercial mortgages behind the deal, that co-owner Tishman Speyer be replaced … Read More

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