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Real Estate & Property Law

: The Home Equity Theft Reporter

Duo To Snatch Control Of Financially Troubled 110-Building, NYC Housing Complex For $45M? 11,000-Unit Property Sold For $5.4B In 2006

By r morris

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In New York City, Crain's New York Business reports:If all goes according to plan, next Thursday a new partnership led by hedge fund honcho William Ackman will buy Manhattan's largest housing complex?the 110-building Stuyvesant Town / Peter Cooper Village?paying as little as $45 million in a foreclosure auction. Incredible as such a scenario may seem, real estate experts say that it?or something

Full post as published by The Home Equity Theft Reporter on August 15, 2010 (boomark / email).

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