Judge Rules No Foreclosure on ST/PCV Pending his Decison
Judge puts CW Capital-Pershing Square case under advisement and stays foreclosure pending his decision “soon.”
CW Capital Letter Supports Tenants Association Goals
Special Servicer’s letter focuses on tenants’ goals of affordability, choice of ownership or renting, and preserving community’s character and configuration. Read more.
Foreclosure On Hold for Now
On Thursday, August 19th a court granted a temporary restraining order until September 2nd. Read more about it here.
CW Capital and Senior Lenders File Injunction To Block Pershing Square & Winthrop Auction of ST/PCV
Led by CW Capital, the special servicer for the senior debt, Bank of America and U.S. Bank Corp have filed papers in N.Y. State Supreme Court in Manhattan on Wednesday to stop the foreclosure action by the Pershing Square and Winthrop Realty partnership scheduled for Wednesday, August 25th. Read the statements on this action by Tenant Association President Al Doyle and Council Member Dan Garodnick.
Statement on Pershing Square and Winthop Realty Trust’s Acquisition of Stuyvesant Town Mezz Debt
Tenants Association president Al Doyle’s statement on the Pershing Square and Winthrop Realty Trust move and a restatement of the unwavering principle goals of the unified tenants of Stuyvesant Town and Peter Cooper Village.
Hedge Fund Pershing Square & Winthrop Realty Trust’s Move on Stuyvesant Town - What it Means to Us
Pershing Square Capital Management and Winthrop Realty Trust have bought the first mezzanine loan on Stuy Town and Peter Cooper and have announced they plan to auction the property on August 25th. In a Tenant Alert, Association president Al Doyle gives an initial reaction to the move.
Court Rules Again in Favor of J-51 Tenants - Allows Plaintiffs to Seek Retroactive Damages
Plaintiffs in the Roberts (J-51) case scored a significant victory in an order published Thursday, August 5th on the Court website. Justice Richard Lowe of the New York State Supreme Court ruled to dismiss the case, brought by Met Life, paving the way to the possibility of retroactive payments to former market rate tenants. Details will follow.
ST/PCV TA Members Amend By-Laws And Elect Expanded Board
Leadership Strengthened, Association Faces New Challenges With Confidence
Elevator MCI Charge Clarification
Explains the new charge appearing on some tenants bills beginning with the June 2010 rent statements.
Important Information for Formerly Market Tenants Renewing Their Lease
An important correction to a FAQ regarding lease renewals affected by the J-51/Roberts case.
Federal Court Orders Foreclosure Action on Stuyvesant Town - Peter Cooper Village
Tenants Association President Al Doyle Comments on June 21st Order of Foreclosure On Stuyvesant Town - Peter Cooper Village. Tishman Speyer continues as owner and manager, he explains ...
Interim Agreement on J-51 Extended Until Year End
Attorneys for plaintiffs in the Roberts case have notified the Tenants Association that the the Interim Settlement Agreement has been extended to the end of December of this year. Read the press release here and then read the Frequently Asked Question document for more details.
Coop v. Condo - Considerations for Tenants
The Real Estate experts at Paul, Weiss, our legal advisor, explain the differences between a coop and a condo in the event of a non-eviction conversion of our community.
Kudos for ST/PCV Tenants Association from Wall Street Journal
Wall Street Journal takes notice as Unity Pledges gathered pass the 50% mark.
Statement of Principles
Explains the basic tenets any entity wishing to partner with the tenants must agree to.
