Bank of America and US Bancorp filed a lawsuit Wednesday to stop the foreclosure auction of New York City’s largest multifamily development, Peter Cooper Village-Stuyvesant Town. The hedge fund that’s helping mall owner General Growth Properties emerge from the largest bankruptcy in the history of the United States, Pershing Square Capital Management, is now a key player in an attempt at resolving one of the largest-ever commercial mortgage defaults.
BofA, US Bancorp sue to stop foreclosure of massive NYC apartment complex
Most Popular Articles
Latest Articles
6 best places to buy real estate leads in 2024
We recommend the best places to buy real estate leads to give you a shortcut to the closing table.
-
The 9 top real estate lead generation companies for 2024
-
How this week’s Fed meeting could impact inventory
-
FHA increases manufactured home loan limits in affordable housing push
-
Ginnie Mae seeks budget increase to manage sizable reverse mortgage portfolio
-
Panic! at the brokerage: Industry leaders plan next steps after NAR settlement