In a September 28th order, the Appellate Court denies a stay to Pershing Square-Winthrop, clearing the way for CW Capital to proceed with the foreclosure auction of the property.
If you have been puzzling over newspaper reports of a court battle for Stuyvesant Town and Peter Cooper Village, you are not alone. This review and analysis should help.
Ruling blocks Ackman’s attempt to foreclose on property - appeal has been filed.
Non-Eviction conversion plan would share equity in property and power to set apartment prices.
Judge puts CW Capital-Pershing Square case under advisement and stays foreclosure pending his decision “soon.”
Special Servicer’s letter focuses on tenants’ goals of affordability, choice of ownership or renting, and preserving community’s character and configuration. Read more.