Fortress, Circling NYC’s Stuyvesant Town, Draws Sale Closer
May 19, 2014 – Media Mention
Bloomberg News
Scott Tross was quoted in the Bloomberg News article "Fortress, Circling NYC's Stuyvesant Town, Draws Sale Closer." In the article, Scott opines on a rumored Stuyvesant Town bid by Fortress Investment Group, parent company of CWCapital, the special servicer managing Stuyvesant Town's debt. CWCapital, which has been in charge of Manhattan's largest apartment complex since its owners defaulted on a $3 billion mortgage in 2010, is holding a foreclosure sale on June 13 for $300 million of the property's junior loans.