NEW YORK CITY-A creditor group comprising Winthrop Realty Trust and Pershing Square Capital Management is fighting for control over Stuyvesant Town and Peter Cooper Village apartment complex against another group of creditors.
Both groups are looking to foreclose the property and gain control over the 11,200-unit complex. The Pershing Square-led team approached the tenants' association in the previous week with a new plan to include the association as an equal partner in the property with a 50% stake. For the full story, go to The Wall Street Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
