TITLE

Lenders Take Step Toward Seizing Big N.Y.C. Property

PUB. DATE
January 2010
SOURCE
American Banker;1/14/2010, Vol. 175 Issue 8, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on Tishman Speyer Properties LP and BlackRock Inc. Mortgage holders for the Stuyvesant Town and Peter Cooper Village apartments in New York City demanded payment within 10 days from landlords Tishman Speyer Properties LP and BlackRock Inc. Tishman and BlackRock attempted to raise rents in order to cover the debt, however, on October 22, 2009 the tenants won a court ruling that some increases were illegal.
ACCESSION #
47600393

 

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