Management firm to run Stuyvesant Town transition

2010-02-22T09:46:02Z

<div><p>NEW YORK (Reuters) - A new real estate management firm has been hired to manage the transition of ownership for the Stuyvesant Town and Peter Cooper Village housing complex in Manhattan, its owner said on Friday.&a...

Owners: $5.4B NY housing complexes go to creditors

2010-02-22T15:28:15Z

<div id="subtitle">Owners: 2 NYC apartment complexes bought for record $5.4B will be turned over to creditors</div><div><p>Like many homeowners who owe more than their properties are worth, the heavy hitters behind the most expensive real estate deal in U.S. history are giving up the two massive apartment complexes they bought...

Huge NYC apartment complex misses loan payment

2010-02-22T23:20:04Z

<div><p>NEW YORK (Reuters) - The joint venture led by Tishman Speyer and BlackRock Inc that owns New York City's vast Stuyvesant Town/

Stuyvesant tenants may ask court to set rent

2010-02-24T01:00:34Z

<div><p>NEW YORK (Reuters) - Attorneys for tenants in a vast New York City apartment complex said they would ask the state court to set the next 2010 rents if negotiations with landlord Tishman Speyer are unsuccessful.</p><p>The ten...

NYC renters, landlord seek accord over rent fight

2010-02-24T05:42:13Z

<div><p>NEW YORK (Reuters) - Tenants in a vast New York City apartment complex and owner Tishman Speyer on Friday said they had opened talks to settle a rent clash, one day before a planned rally against the landlord.</p><p>New York...

Stuyvesant Town woes may pave way for loan changes

2010-02-24T07:54:15Z

<div><p>NEW YORK (Reuters) - The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers ...

Meltdown Biggest Bust

2009-10-25T09:00:38Z

FILE - In this Sept. 10, 2009 file photo, people walk past the fountain in the oval section of Stuyvesant Town in New York. Real estate analysts say the investment group led by New York City real estate firm Tishman Speyer Properties is now jus...

Record NYC real estate deal now on the rocks

2010-02-24T14:42:26Z

<div id="subtitle">Record NYC real estate deal now on the rocks, as bid to hike rents dramatically fizzles</div><div><p>It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops.</p><p>At the height of the real estate bubble in 2006, an investment...

NY court rules against Stuyvesant Town owners

2010-02-24T15:39:26Z

<div><p>NEW YORK (Reuters) - New York State's highest court on Thursday ruled that the landlords of Manhattan's largest apartment complex improperly raised thousands of rents, further pushing the owners of the $5.4 billion deal struck at the height of a commercial real estate boom toward default.</p&...

New York housing complex decision seen

2010-02-25T09:08:01Z

<div><p>NEW YORK (Reuters) - New York state's top court is likely to rule next month on a Manhattan housing complex legal battle that could derail one the United States' largest real estate deals and reshape the city's residential rental market.&...

Temporary walls turn NYC apartments into firetraps

2010-03-02T19:24:11Z

<div id="subtitle">Illegal walls in NYC apartments are source of extra income but can have deadly consequences</div><div><p>The firefighters were trapped in what amounted to a burning maze: a Bronx apartment illegally divided into extra rooms for the sake of making a buck in this cramped city.</p><p>With fl...

Rainbow Room Rent Rumble!

2009-03-24T22:40:10Z

<div><p>In December, The Observer's Eliot Brown wrote about Cipriani's push to have the Rainbow Room in 30 Rock landmarked. The logic was that a landmark designation would strengthen Cipriani's negotiating position when it came to renewing its lease in 2013 with landlord Tishman Speyer. A landmark d...

Rainbow Room lease ends as owners cite unpaid rent

2010-03-02T23:21:49Z

<div id="subtitle">Citing unpaid rent, building owners end lease to family that manages ritzy NYC Rainbow Room</div><div><p>The owners of the New York City building that houses the ritzy Rainbow Room announced Friday that it had ended the club's lease because of unpaid back rent.</p><p>New York's Rainbow Room dance on the revolving floor of the restaurant and nightclub just before it was temporarily closed and remodeled. WNBC-TV reported Friday, Jan. 3, 3008, that the current economic state and a lease dispute with the building landlord, Tishman Speyer, is causing the owners to shutter the Italian-th...

Tishman Close To Figuring Out If Stuy-Town Was Worth It

2010-02-28T21:27:10Z

<div><p>It went like this: Tishman Speyer, along with junior partners, bought Stuyvesant Town and Cooper Village in 2006 for a record $5.4 billion, and set about turning as many of the complexes' rent-regulated apartments market rate as possible. There's been trouble along the way, a lot of controversy, and speculation t...

Ciprianis Push for Rainbow Room Landmarking

2010-03-01T08:05:07Z

<div><p>Gradually, the letters have begun to accumulate in Robert Tierney’s Lower Manhattan office. They all implore the same thing: landmark status for the Rainbow Room in 30 Rockefeller Center. </p><p>The first letter to Mr. Tierney, chairman of the City Councilman Dan Garodnick called on Stuyvesant Town and Peter Cooper Village landlord Tishman Speyer to pay the legal fees of tenants who are proven to...

Queen Beatrix Leases Space in Rockefeller Center

2010-02-27T18:47:48Z

<div><p>The Consulate General of the Netherlands has renewed its lease in Tishman Speyer's One Rockefeller Plaza, taking 17,156 square feet on the 11th floor for 10 years, according to Tishman Speyer plans this weekend to officially open its four new residential amenities at Stuyvesant Town and Peter Cooper Village, including a private movie theater and a library. </p><p> Collectively ...

Yet More Aspersions Cast on Tishman-Speyer's Stuy Town Deal

2010-02-28T07:03:19Z

<div><p> </p><p>Here's the latest article to question the wisdom of Tishman Speyer forking over a record-setting $5.4 billion for Stuyvesant Town and Peter Cooper Village in 2006. And this article features something more...

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