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Real Estate Rumors: CWCapital, Google, Peak Capital

By Natalie Rodriguez (November 3, 2015, 2:20 PM EST) -- Rumor is that special servicer CWCapital Asset Management LLC could rake in as much as $615 million for being able to sell Stuyvesant Town-Peter Cooper Village well above the outstanding debt's value, according to a Wall Street Journal report on Tuesday, which cited a Barclays analyst note. The Blackstone Group LP and Ivanhoe Cambridge announced last month that they are in contract to buy the massive New York housing complex. The deal figure is reportedly $5.3 billion, which is well above the outstanding debt, which would trigger a provision entitling CWCapital to additional fees, according to the WSJ report....

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