The joint venture paid $45 million for the senior-level mezzanine debt and began foreclosure proceedings on the property, the companies said today in a statement. Pershing Square, based in New York, owns 77.5 percent of the venture.
Monday, August 9, 2010
Ackman Enters The Fray
Bloomberg reports Ackman jv'd to buy the senior most 3 mezz pieces from Peter Cooper/Stuy Town: