Jun 24th 2010 3:30PM
The saga of a massive New York apartment complex in default is one step closer to a happy ending for its tenants. A federal court ruled on Monday that Manhattan's Stuyvesant Town-Peter Cooper Village can be foreclosed on and sold at auction. This action paves the way for the tenants association to bid the complex. "This... Continue Reading »
May 14th 2010 2:00PM
The middle-class tenants of Stuyvesant Town and Peter Cooper Village in New York City are trying once again to take ownership of their apartment complex. And they are asking for help from an institutional investor that once bet against them. The iconic, 110-building complex, which includes the two adjoining developments,... Continue Reading »
Feb 12th 2010 3:00PM
The foreclosures of Stuyvesant Town and Peter Cooper Village earlier this month were just the beginning. Banks are likely to seize many more apartment buildings in New York City this year, according Benjamin Dulchin, executive director of the Association for Neighborhood and Housing Development, an organization of local... Continue Reading »
Jan 29th 2010 2:00PM
Can Donald Trump handle Stuy Town? The real estate mogul, known for his glitzy towers, is mulling a bid for Stuyvesant Town and Peter Cooper Village, the sprawling New York City apartment complexes that were seized by creditors last week. "People have asked us if we would get involved in running it or buying it," Trump... Continue Reading »
Jan 27th 2010 1:30PM
On Monday, lenders foreclosed on one of the biggest apartment complexes in the country, seizing the 11,000 apartments at Stuyvesant Town and Peter Cooper Village from real estate giants Tishman Speyer and BlackRock, Inc., who failed to make their monthly mortgage payments. Where does that leave the people who live there?... Continue Reading »
