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Wednesday, April 7, 2010 as of 11:14 AM ET

Winthrop Realty Trust

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Stuyvesant foreclosure auction adjourned

(Rewrites first sentence to show that adjournment occurred.

Adds investor comment, background)NEW YORK (Reuters) - A foreclosure auction ofStuyvesant Town/Peter Cooper Village, the massive Manhattanapartment complex that may be worth less than half what it wasjust three years ago, was adjourned Monday withoutexplanation, until Oct. 13.CWCapital, which represents the bondholders owning the $3billion mortgage on the property, declined to give a reason whythe auction was delayed.The auction was to occur at U.S. District Court inManhattan. However, a trustee opened and then adjourned theprocedure. Only CWCapital attorneys and a few news reporterswere present.A meeting had been scheduled for Friday between CWCapitaland hedge fund Pershing Square Capital head William Ackman, whowants to buy the property. Other investors have also expressedinterest in the property.Late last month, a state court rejected an attempt by Pershing Square and its partner Winthrop Realty Trustto stop the bondholders ...

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  4. fPershing Square woos Manhattan Stuytown tenants

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