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Tishman Close To Figuring Out If Stuy-Town Was Worth It
It went like this: Tishman Speyer, along with junior partners, bought Stuyvesant Town and Cooper Village in 2006 for a record $5.4 billion, and set about turning as many of the complexes’...
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Rainbow Room Rent Rumble!
In December, The Observer‘s Eliot Brown wrote about Cipriani’s push to have the Rainbow Room in 30 Rock landmarked. The logic was that a landmark designation would strengthen Cipriani’s negotiating...
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Who Could Get Rainbow Room’s Pot of Gold?
The illustrious Rainbow Room high atop Rockefeller Center is up for grabs! Maybe. On Friday, the ever-embattled Cipriani family, which has operated the hallowed 64th- and 65th-floor banquet hall at 30...
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Report: Speyers Need To Pour More Cash Into Stuy Town
Jerry and Rob Speyer’s record-setting $5.4 billion purchase of Stuyvesant Town and Cooper Village has become a money vacuum, as the high cost of debt service and relatively low rent income is expected...
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A Commercial New Deal
On Sunday, Jan. 25, Dick Parsons, Rupert Murdoch, Howard Rubenstein, Bill Rudin and others gathered at the Upper East Side manse of Jerry Speyer to talk with Governor David Paterson about the state’s...
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Mort’s Bad News Good News for Market
Much as we’re occasionally charmed by the artificially youthful Mort Zuckerman, what’s bad for Boston Properties, which he chairs, is sometimes good for New York City’s leasing market. The postponement...
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Stuy Town Brings All the Boys to the Yard
Looks like Tishman Speyer is ramping up its campaign to attract the kind of new market-rate renters that long-time Stuy Town and Cooper Village residents hate: kids fresh out of college who pile into...
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Lazard Looking for Brokers for Its Mammoth Hunt
Banking giant Lazard has been interviewing would-be real estate consultants, including CB Richard Ellis and Studley, for a coveted consulting gig, in preparation for its lease expiration at 30...
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The Irony of the Stuy Town Tenant Suit
The extraordinarily significant Stuyvesant Town lawsuit now pending in New York State’s highest court has been quick to galvanize opinion in a familiar divide, pitting advocates of affordable housing...
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O Stuy Town!
Three years ago this month, Stuyvesant Town was a bees’ nest of tenant activism. Rallies with bullhorns, press conferences and elected officials littered the 80-acre brick city on the East Side. The...
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Stuyvesant Town Rating: ‘Outlook Negative’
Friday afternoon, and for the first time since the big court ruling last week, ratings giant Fitch weighed in on Stuyvesant Town, downgrading the ratings for the $3 billion mortgage on the property...
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Tenants Want Protections After Stuy Town Default
Looks like the tenants at Stuyvesant Town/Peter Cooper Village are viewing the impending default on the 11,200-apartment property with some hope they can get new layers of protection from market rate...
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Stuy Town Owners Triggering Default, Officially
When Tishman Speyer and BlackRock assembled $6.29 billion from a long roster of investors and lenders to bid on Stuveysant Town in late 2006, their prize was the biggest sale ever by price of an...
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Stuy Town Tenants Get to Keep Lowered Rents Until At Least June
Stuyvesant Town tenants will keep their newly adjusted (and stabilized) rents until at least June. The tenants on a class-action lawsuit and the complex’s manager, Tishman Speyer, announced that the...
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Brookfield Tries to Launch Epic Foreclosure on Tishman Speyer … in D.C....
Poor Tishman Speyer. First Stuy Town. Then its Chicago portfolio. And now this. Brookfield Properties, led by the hunky Ric Clark, is trying to foreclose on a portfolio of 20 buildings owned by Tishman...
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