Getting your player ready...
NEW YORK — The financially troubled owners of two massive apartment complexes that sold for a record $5.4 billion a few years ago said Monday they’re turning them over to their creditors.
The joint-venture ownership team led by Tishman Speyer Properties and BlackRock Realty, hurt by the collapse of the real-estate market, couldn’t make a multimillion-dollar loan payment earlier this month for the Stuyvesant Town and Peter Cooper Village apartments in Manhattan.
The group bought the complexes, which have about 25,000 tenants, in 2006. The Associated Press
