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Topic: Peter Cooper Village

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Ackman's venture appeals ruling on Stuyvesant Town

NEW YORK (Reuters) - A joint venture led by hedge fund investor William Ackman on Friday appealed a judge's decision that thwarts its plans to take over Manhattan's giant Stuyvesant Town/Peter Cooper Village apartment complex.The venture between Ackman's ...

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StuyTown auction to proceed as Ackman loses in court

NEW YORK (Reuters) - Bond holders who own a $3 billion mortgage on Stuyvesant Town/Peter Cooper Village will be free to auction off the massive Manhattan apartment complex after a state judge on Thursday rejected an attempt by a junior debt holder ...

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Pershing Square woos Manhattan Stuytown tenants

NEW YORK (Reuters) - Manhattan tenants who live in Stuyvesant Town/Peter Cooper Village could choose to partner with a Pershing Square Capital Management venture in a deal for the vast apartment complex, unless a judge blocks the maneuver.Under the proposal from ...

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Iconic NYC housing complex's foreclosure halted

NEW YORK (Reuters) - A New York judge has put on hold a foreclosure auction for equity in Manhattan's giant Stuyvesant Town and Peter Cooper Village apartment complexes, a victory for senior lenders owed nearly $3.7 billion after the property's ...

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Ackman on path to own NYC's Stuyvesant Town

NEW YORK (Reuters) - Hedge fund investor William Ackman has bought a slice of debt on Stuyvesant Town Peter/Cooper Village and could become the next owner of the sprawling Manhattan apartment complexes.Ackman's Pershing Square Capital Management LP and Winthrop Realty ...

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Commercial mortgage delinquencies spike in March

Commercial mortgage delinquencies hit all-time high in March on big New York deal collapseThe delinquency rate for commercial mortgage-backed securities posted its largest increase ever in March, Moody's Investors Service reported Wednesday, blaming most of the gain from the collapse of ...

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Owners: $5.4B NY housing complexes go to creditors

2 NYC apartment complexes bought for record $5.4B will be turned over to creditorsLike 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 ...

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