Nearly four years after being sold for $5.4 billion, Stuyvesant Town headed into a foreclosure sale—CityRoom reports that Judge Alvin Hellerstein "issued the long awaited foreclosure order against the owner of the complexes, a partnership of Tishman Speyer Properties and BlackRock Realty, which defaulted on a $3 billion mortgage early this year... the partnership now owes $3.67 billion, according to court records." Tenants are interested in buying the property, as are some investors; one investor, Wilbur Ross, said, "We will bid only if and when we can do so in concert with the tenants. Any proposal that materially disrupts the tenancy and lifestyle there would be inappropriate and impractical. This is not just a place card in a Monopoly game."