Court Rules Owners Of NYC Apartment Complex Improperly Charged Market Rents

A woman bicycles past the Stuyvesant Town and Peter Cooper Village apartment complexes October 22, 2009 in New York City. The sprawling 110-building Manhattan apartment community, owned by Tishman-Speyer and partner BlackRock Realty, took another step towards default after a court ruled the companies had improperly deregulated apartments and increased rents.
A woman bicycles past the Stuyvesant Town and Peter Cooper Village apartment complexes October 22, 2009 in New York City. The sprawling 110-building Manhattan apartment community, owned by Tishman-Speyer and partner BlackRock Realty, took another step towards default after a court ruled the companies had improperly deregulated apartments and increased rents.
( - Photo by Mario Tama/Getty Images North America)
People gather in the Stuyvesant Town and Peter Cooper Village apartment complexes October 22, 2009 in New York City. The sprawling 110-building Manhattan apartment community, owned by Tishman-Speyer and partner BlackRock Realty, took another step towards default after a court ruled the companies had improperly deregulated apartments and increased rents. The Stuyvesant Town and Peter Cooper Village apartment complexes are seen October 22, 2009 in New York City. The sprawling 110-building Manhattan apartment community, owned by Tishman-Speyer and partner BlackRock Realty, took another step towards default after a court ruled the companies had improperly deregulated apartments and increased rents. People walk in front of the Stuyvesant Town and Peter Cooper Village apartment complexes October 22, 2009 in New York City. The sprawling 110-building Manhattan apartment community, owned by Tishman-Speyer and partner BlackRock Realty, took another step towards default after a court ruled the companies had improperly deregulated apartments and increased rents. The Stuyvesant Town and Peter Cooper Village apartment complexes are seen in front of the Empire State Building October 22, 2009 in New York City. The sprawling 110-building Manhattan apartment community, owned by Tishman-Speyer and partner BlackRock Realty, took another step towards default after a court ruled the companies had improperly deregulated apartments and increased rents.
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