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Lenders withdraw case in latest Stuy Town suit
Deals & DealmakersFeatured

Lenders withdraw case in latest Stuy Town suit

REW
By Sabina Mollot It was the biggest bust of the last real estate boom, but lawyers battling over Stuyvesant Town money claim everybody won. “Listen, everybody connected with this property is making a lot of money,” said Greg Cross, attorney for the propertyʼs special servicer, CW Capital. Cross was in...
Stuy Town air rights deal a key piece of housing puzzle
Deals & DealmakersFeatured

Stuy Town air rights deal a key piece of housing puzzle

REW
By Sabina Mollot Blackstone’s $5.3 billion purchase of the sprawling Stuy Town apartment complex also bought the firm a jumbo 700,000 s/f of air rights that could wind up being “just the tip of the iceberg” in Mayor Bill de Blasio’s plan to preserve and build affordable housing in the...