Tenants of Stuyvesant Town and Peter Cooper Village, the Manhattan apartment complexes facing default by landlords Tishman Speyer Properties and BlackRock Realty, may seek control of an account holding disputed rent payments.

A portion of the rents has been going into escrow since March, pending resolution of a lawsuit, lawyers for the tenants said yesterday in a statement. They may ask for control of the money, which will total $16m by January.

bloomberg.com