New York state’s new rent regulation law is reopening a rift between some tenants at New York City’s largest rental complex and its majority owner, the giant real estate investor Blackstone Group Inc.At issue is whether the new law should apply to thousands of the highest-paying renters at Stuyvesant Town and Peter Cooper Village, which has more than 11,000 apartments overall on Manhattan’s East Side.

Source: Wall Street Journal March 12, 2020 11:26 UTC