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Management has two priorities: 1) Making sure money is made, hence upgrading and filling up apartments is their goal. "Amenities" are important in selling the place, though few residents use them. 2) If someone needs medical attention, Public Safety will be there, if alerted.

Quality of life issues are not that important, however. They tend to be ignored, despite "the rules." So you will see a lot that isn't taken care of properly, and complaints will be met with a creative excuse and a smile.

"Peace and quiet" must be a cruel joke, though this property is sold that way. There can be no peace and quiet as ALL apartments must be upgraded, which includes the installation of an AC unit below the window. Aside from the continual construction about the neighborhood, there is a new and noisy subway extension being built along East 14 st and the shut down of the L line. "Choosing" to live in NYC, now the newest mantra, is a fabrication when the talk is of ST and PCV, which was traditionally quiet, with no construction noise.

Though money was always important, it is now more important than ever. Money rules many things, as you will find.

At this point, 30 years into living here and seeing many things, I can state that Management and their reps are BS-ing us. I can't say that loudly enough: We are being BS-ed. I don't see any genuine change. Sorry.

Thursday, July 10, 2014

The Complaint

Not sure if a link to this has been posted on pertinent Facebooks, but here's the complaint against CW (and others) from the property's Junior Lenders.

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=UNTjtbjCpgs6qRmDRA36HQ==&system=prod

7 comments:

Anonymous said...

A bit cowardice not to have an appendix with the names of the people who comprise these holding companies and limited partnerships etc.

People committed these acts - not companies.

Come on, name the people who have been hiding behind these limited partnerships. These aren't shy people, they are bold, brazen, brash. Call them on it.

Anonymous said...

What tenant purchase are they referencing in this complaint? Barely any tenants are planning on purchasing. They need to do a recount on those tenants planning on purchasing because it is next to zero.

Why are tenants included in their complaint at all? We weren't involved in their scheme with Tishman we were victims of the plaintiffs in their Tishman scheme. Now they parade us tenants in their complaint to help them get pity as if they care at all about us. Vulgar.


Anonymous said...

"a tenant led bid" why didn't they call it what it is a Brookfield bid?

Anonymous said...

"What tenant purchase are they referencing in this complaint?"
The tenants bid on the property when MetLife put it up for sale. In case anyone has forgotten, MetLife initially wouldn't let us see the deal book that they were showing the real estate universe, thus trying to keep us out of what was happening.

Anonymous said...

Thanks for posting this link STR.

Yours is the only site giving tenants complete, factual information on the lawsuit and everything PCVST.

Anonymous said...

Centerbridge Partners is leading the lawsuit. Centerbridge Partners is a vulture investment firm that focuses on leveraged buyouts and distressed securities. CWCap told the Courthouse News Service that Centerbridge purchased this position for next to nada AFTER the deed in lieu transaction was completed. Congrats to Centerbridge for being even scumbaggier than CWCap.

Anonymous said...

Both parties are contemptible characters of ill-repute. The Judge should make Centerbridge remove the "tenant-led bid" language and call it what it is a "Brookfield bid" another party of ill-repute. Next thing they are going to ask tenants to rally at the courthouse. This constant misuse and abuse of the tenants is for political photo op rallies and falsely gain court sympathy favoritism is getting transparent. The Judge should call them on this!