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
A bit cowardice not to have an appendix with the names of the people who comprise these holding companies and limited partnerships etc.
ReplyDeletePeople 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.
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.
ReplyDeleteWhy 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.
"a tenant led bid" why didn't they call it what it is a Brookfield bid?
ReplyDelete"What tenant purchase are they referencing in this complaint?"
ReplyDeleteThe 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.
Thanks for posting this link STR.
ReplyDeleteYours is the only site giving tenants complete, factual information on the lawsuit and everything PCVST.
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.
ReplyDeleteBoth 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!
ReplyDelete