Entries from Gothamist tagged with 'landlordtenanttension'
July 23, 2008
The NY Times reports analysis of Stuyvesant Town/Peter Cooper Village finances shows revenues for the huge complex dropped last year. And that's in spite of Stuyvesant Town owner Tishman Speyer converting 560 rent-regulated units into market-rate units! Or maybe it's because of the conversion. When Tishman Speyer paid $5.4 billion for the complex, its plan was to increase profitability by increasing the number of market-rate units. However, there have been legal costs associated with trying......
Continue Reading "Revenues at Stuyvesant Town are Down"
