Property manager and developer Rose Associates has been named the exclusive managing agent for the Riverton Square apartment complex in Harlem, as The Real Deal first reported as a likelihood last month. The 1,230-unit complex, which is located between Fifth Avenue and the Harlem River and runs between 135th and 138th streets, is infamous for the rise and fall of its former landlord, Lawrence Gluck, who bought the property for $135 million in 2005 and refinanced it with a $225 million mortgage. The complex’s title was sold to special servicer CWCapital Asset Management at auction March 11 for $125 million. Jeffrey Heifetz, managing director with Rose Associates, said that cooperation with tenants will be of paramount importance to the company. “We are currently in the process of evaluating services at the property and identifying ways to enhance resident satisfaction,” Heifetz said in a written statement. “We look forward to maintaining a dialogue with residents and community leaders.” As manager, Rose will be responsible for the day-to-day management and upkeep at the 13-building, 12-acre complex. TRD

While Stuyvesant Town and Peter Cooper Village owners Tishman Speyer and BlackRock Realty said they’d transfer control of the residential complex to creditors two weeks ago, that promise hasn’t come to fruition, due in part to $90 million in unpaid state and city taxes, according to Bloomberg News. Rafael Cestero, commissioner of New York City’s agency on Housing Preservation and Development, said that either Tishman and BlackRock or special servicer CWCapital has to pay the taxes — but, so far, neither is jumping at the chance. State law mandates that the owner of the distressed property has to submit unpaid taxes upon transfer to a special servicer, otherwise the servicer is stuck with the bill. “The reality is [Tishman and BlackRock] can’t just turn back the keys.” Cestero said. “CW doesn’t want to pay the [back taxes] so they’re going to have to negotiate this.”

CWCaptial, the financial group that took over the senior mortgage at Stuyvesant Town and Peter Cooper Village early this week, broke its silence in a letter to City Council member and Stuy Town rent stabilization advocate Dan Garodnick, according to the New York Observer. Despite the special servicer’s reluctance to publicly comment on the ongoing Stuyvesant Town mortgage melee, the letter, written by Charles Spetka, president of CWCaptial, heaps praise on the council member, referring to Garodnick as “an outstanding community leader,” and promises that CWCapital will “make every effort to work cooperatively with [Garodnick] and the [Stuyvesant Town and Peter Cooper Village] residents.” Although Spetka noted that his company’s first priority is to secure the $3 billion owed to mortgage lenders, he said that CWCapital “believe[s] strongly that the underlying value of these properties is directly linked to maintaining the [positive] attributes of Peter Cooper Village and Stuyvesant Town.”