After crippling court decision, Fitch downgrades Stuy Town loans; values at $1.8 Read More

Jerry and Rob Speyer’s record-setting $5.4 billion purchase of Stuyvesant Town and Cooper Village has become a money vacuum, as the high cost of debt service and relatively low rent income is expected to eat away a remaining $127.7 million in cash reserves in about six months.

The new figures come from Fitch Ratings, which Read More