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NEW YORK CITY-CWCapital Asset Management’s foreclosure auction on Peter Cooper Village/Stuyvesant Town will go ahead as scheduled this coming Monday, following a New York court’s refusal to grant a stay of the auction. The senior mezzanine debtholders on the 80-acre Manhattan apartment complex, a partnership of William Ackman’s Pershing Square Capital Management and Winthrop Realty Trust, say in a statement that they’ll continue to fight but acknowledge that they may be frozen out of the process.

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