Stuy Town Sweepstakes

Tishman Speyer never quite gave up control of Stuyvesant Town, and now a judge has granted the mortgage holders a foreclosure motion. But don't expect much to change in the short term: "The judge ordered an auction of the property, to be sold either as one chunk or two (with Peter Cooper Village and Stuyvesant Town sold separately). Should the auction proceed as did a recent foreclosure at Riverton Houses, CW Capital would presumably put in the high bid for the property (as it would simply be paying itself, and can bid more than its likely market value)." Yeesh, we want those $200,000 apartments now, dang it! [NYO]