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Real Estate & Property Law

: The Home Equity Theft Reporter

Landlord To Deed Over Title To 11,000 Rental Units As Attempt To Restructure $4.4B Debt On $1.8B Complex Fails; Equity Held By Pensions Appears Doomed

By r morris

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In New York City, The Wall Street Journal reports:A group led by Tishman Speyer Properties has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan to its creditors in the collapse of one of the most high-profile deals of the real-estate boom. The decision comes after the venture between Tishman and BlackRock Inc. defaulted on the $4.4 billion

Full post as published by The Home Equity Theft Reporter on January 26, 2010 (boomark / email).

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