This is getting even more interesting.
CWCapital Asset Management took title to Stuyvesant Town-Peter Cooper
Village, Manhattan's largest apartment complex, and canceled an auction
for control of the property....
"This eliminates the circus that could have unfolded at a mezzanine
foreclosure sale," City Councilman Daniel Garodnick, who lives in the
complex, said in an e-mailed statement. "It is the right next step that
will give time for a more considered process that can protect not only
the bondholders, but also the tenants and the city."
And it's nice to know that CW cares about us:
CWCapital "determined this action to be in the best interest of the
certificate holders and provided the greatest stability for the
community," the company said Thursday in an e-mailed statement.
More at the above link.
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