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Real Estate & Property Law

: The Home Equity Theft Reporter

Signing Over Deed & Handing Over Keys To Distressed NYC Rental Complex Not As Easy As It Sounds; Proposed Transfer Estimated To Cost $90M In Fees

By r morris

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In New York City, Bloomberg reports:Tishman Speyer Properties LP and BlackRock Inc. haven?t handed Manhattan?s biggest apartment complex to creditors as they pledged two weeks ago, in part because of questions over payment of about $90 million in taxes. The companies said Jan. 25 they would cede control of Stuyvesant Town-Peter Cooper Village to lenders after missing a payment on the $3 billion

Full post as published by The Home Equity Theft Reporter on February 14, 2010 (boomark / email).

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