TheDealBlogs.com

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Brian Ward

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Dealwatch: Stuyvesant Town Peter Cooper Village auction

Want to buy 80 acres of prime real estate with 110 buildings in Manhattan? Well, it’s going to cost a pretty penny, somewhere to the tune of $5 billion. That’s what Metropolitan Life Insurance Corp. is asking for Stuyvesant Town Peter Cooper Village. The price tag hasn't scared off bidders because the New York insurer reportedly received 12 bids on Oct. 5, the insurance giant’s first-round offer deadline. MetLife's broker, CB Richard Ellis Group Inc., will be reviewing bids and the insurance company said it hopes to make a decision before the end of the year. If a deal is... Go to Blog