Michael NagleThe Empire State building stands in the skyline past Stuyvesant Town-Peter Cooper Village, Manhattan's largest apartment complex, in New York, U.S., on Sunday, May 18, 2014. CWCapital Asset Management LLC, the loan servicer that has been in charge of Stuyvesant Town-Peter Cooper Village since its owners defaulted on a $3 billion mortgage in 2010, is holding a foreclosure sale on June 13 for $300 million of junior loans. While CWCapital holds that debt and is poised to officially take over the property at the auction, other bidders may come with their own plans to pay off bondholders. Photographer: Michael Nagle/Bloomberg
Manhattan apartment sales rose at the slowest pace in more than a year, indicating a surge in demand is easing as prices jump and inventory climbs from record lows.
