Stuy Town Tenants Seek Bondholder Help In Speeding Sale

Law360, New York (October 16, 2012, 4:36 PM EDT) -- The tenants association at Stuyvesant Town, New York City's biggest housing complex, said Monday it would ask the development's creditors to pressure special servicer CWCapital Asset Management LLC to give a proposal from the group and Brookfield Asset Management Inc. fair consideration.

CWCapital, which took control of the complex in 2010 it defaulted on more than $4 billion in loans, has refused to negotiate with the Stuyvesant Town-Peter Cooper Village Tenants Association since it teamed up with Brookfield to propose a multibillion-dollar deal to pay off...
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