There’s now a common bond between Stuyvesant Town-Peter Cooper Village and a sea of new homes in the Las Vegas suburbs: mortgage default.
Last week, the giant real estate firm Tishman Speyer and its investors missed the full monthly debt payment on their $3 billion mortgage, triggering default and a new era Read More
Publishing giant Simon & Schuster renewed its giant lease at Rockefeller Center and, with it, landlord Tishman Speyer‘s ongoing use of the title “The Simon & Schuster Building.” At 275,000 square feet, the publisher stands as 1230 Sixth Avenue‘s largest tenant by a good deal.
If it hasn’t exactly been a triumphant Read More
Closed to new tenants since October in the wake of a mega court decision on rents, Stuyvesant Town is now opening its flood gates.
Per a statement from a Tishman Speyer spokeswoman, the 11,200-apartment mini-city on the East Side will now rent 100 apartments to outsiders looking to get in. Thanks to the court Read More
With the ever-troubled Stuyvesant Town now bordering on default, particularly in the wake of last month’s giant court decision, a set of elected officials has begun taking their concerns straight to the 11,200-unit complex’s debt holders: Fannie Mae and Freddie Mac.
Bypassing the current owners–a partnership led by Tishman Speyer–the officials who represent the Read More
With all the great press coverage it’s been getting lately, one might think people would be rushing in hordes to snap up apartments at Stuyvesant Town.
The 11,200-apartment Stuyvesant Town and Peter Cooper Village complex has shut its doors to new renters, as the owners, a partnership led by Read More
It didn’t take long after New York’s top court issued its major Stuyvesant Town–Peter Cooper Village ruling last week for celebrations at the East Side apartment complex to begin.
Just after 9 a.m. on Oct. 21, the Court of Appeals handed the complex’s owners a defeat with tremendous implications—ruling that they never had the right Read More
In a universe a lot like this one, the subway clatters to a stop, the doors slide open and a disembodied voice intones, “Stand clear of the closing doors.” Except the universe is one-eighty-seventh the size of ours, and no sprinting figure attempts to defy the resolve of rapidly narrowing doors.
The world of model Read More
On the residential front, the world may seem like it’s collapsing for Tishman Speyer (read: Stuyvesant Town), but in its more traditional role as an office landlord, things could be worse.
To wit, attorneys at Mintz Levin Cohn Ferris Glovsky and Popeo PC have signed on for another 14 years of 85,000 square feet at Read More
In a decision with seismic implications for Stuyvesant Town and property owners throughout the city, the state’s top court has ruled against real estate giant Tishman Speyer on a far-reaching rent regulation lawsuit, declaring the landlord had no right to deregulate some 4,440 apartments.
In a 4-2 decision, the Court of Appeals upheld an appellate Read More
If the saga of the Stuyvesant Town-Peter Cooper Village sale is a countdown clock-the $5.4 billion purchase by Tishman Speyer and BlackRock is nearing default-there’s a loud ding every few weeks in the form of a new analysis by a real estate tracking firm.
Each shows a fresh, dismally depressed value for the property ($1.99 Read More