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: The AM Law DailyManhattan's Largest Apartment Complex Returned to Creditors
By Ross Todd
A mammoth $5.4 billion real estate deal from 2006--Tishman Speyer and BlackRock's acquisition of New York residential communities Stuyvesant Town and Peter Cooper Village from MetLife--has been unwound as the Manhattan apartment complex was returned to creditors on Monday. The Tishman-led partnership owning the complex defaulted on $4.4 billion in debt payments in early January.
Full post as published by The AM Law Daily on January 25, 2010 (boomark / email).
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