By Matt Chaban 11/30/11 10:36am

Stuy Town

Occupy Stuy Town?

Brookfield Wants to Help the 99 Percent—at Stuy Town

Ever since MetLife put Stuyvesant Town and Peter Cooper Village on the block five years ago, residents of the storied middle class enclave have been trying to buy it. They were beat out by Tishman Speyer, who eventually defaulted on their $5.4 billion purchase (the largest in real estate history). After their failure, Wily Bill Ackman swooped in and tried to arrange a deal, but that failed. The tenants also made a second, unsuccessful go of things. Now, that champion of the 1 percent and a lender on the original deal, Brookfield Properties is making a bid to help keep the long-time tenants in place. Read More

By Eliot Brown 8/10/10 10:54pm

Stuy Town

Enter Ackman

In mid-July, Bill Ackman was relaxing on Nantucket when he got a call on his cell phone. On the other end was Michael Ashner, the CEO of Boston-based Winthrop Realty Trust, who had a plan to grab control of the 11,200-apartment property that occupies a healthy 80-acre chunk of Manhattan’s East Side.

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By Eliot Brown 6/09/10 1:34am

Taking Stuy Town

Al Doyle wants to be a homeowner.

Six months ago, the idea was a far-off concept. But since then, the mustachioed, lifelong Stuyvesant Town resident who is president of the property’s tenants association has seen the desire for a tenant-led purchase of the 11,200-apartment morph into an actual plan of action, as Read More

By Staff 1/25/10 3:03pm

Speyers Throw In the Towel, Hand Stuy Town to Lenders

More than three years after it began, real estate giant Tishman Speyer’s ambitious and high-priced quest to control a chunk of the East Side of Manhattan has come to a close.

Early Monday morning, Tishman Speyer and partner BlackRock issued a statement saying they intend to transfer control of the 11,200-unit Stuyvesant Town/Peter Cooper Village to Read More