Settlement Approved, Stuy Town Seeks Income Boost

April 23, 2013
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CWCapital Management, the company that controls the Stuyvesant Town and Peter Cooper Village, is reportedly planning to boost operating income at the complex before putting it up for sale. CWCapital has been in control of the complex on Manhattan’s East Side since early 2010, when prior owner Tishman Speyer Properties LP and its partners surrendered the property to creditors. The complex’s primary creditors are investors in bonds backed by the building’s mortgage, and Maryland-based CWCapital represents them.

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