There have been hints for awhile that some of the most well-known titans in the industry were about to be dealt some major losses. Last week’s news was that the deal for Peter Cooper Village and Stuyvesant Town, Manhattan’s most high-profile apartment complex, appears to be moving toward default. According to the report in the Wall Street Journal, the equity investors and many of the lenders associated with this apartment complex, including several state pension funds, may well see most (if not all) of their investment gone.