Search for: "Realty Developers, LLC"
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14 Mar 2022, 4:31 am
SSM Realty Lastly, [read post]
5 Jan 2022, 1:33 pm
On August 9, 2021, Mackenzie Realty Trust extended an unsolicited tender offer to purchase shares of BDCA for just $2.50 per share, yet the original purchase price was $10.00 per share. [read post]
30 Dec 2021, 4:22 am
Common TIC Sponsors There are a number of companies that sponsor TIC and DST investments, including the following: American Capital Group: Addison Greens Apartment Associates LLC Highlands at Spectrum Apartments LLC The Dakota Apartments Associates LLC Sterling Pointe Apartment Associates LLC Monticello apartments Associates LLC Cabot Investment Properties: Cabot East Town Acquisition LLC Cabot Ashtabula Acquisition LLC Cabot Creekside… [read post]
27 Dec 2021, 12:37 am
It’s been another year of important case law developments in business divorce controversies. [read post]
13 Dec 2021, 6:41 am
On August 9, 2021, Mackenzie Realty Trust extended an unsolicited tender offer to purchase shares of BDCA for just $2.50 per share. [read post]
11 Oct 2021, 4:54 am
A clue lies in PH-105 Realty Corp. [read post]
30 Aug 2021, 4:04 am
Not according to the Maine Supreme Judicial Court’s ruling late last year in which it affirmed a lower court’s judgment dismissing the putative replacement manager’s claim seeking a declaration validating his status as manager of a family-owned, realty holding LLC. [read post]
28 Jun 2021, 3:10 am
That, plus the fact that realty holding companies these days overwhelmingly are organized as LLCs, plus the fact that the New York metro area has one of the largest and most active real estate development markets in the country, may explain the frequency of lawsuits in the courts of New York brought by non-managing members against managing members of realty holding LLCs involving allegations of conflict of interest and self-dealing. [read post]
9 Jun 2021, 9:11 am
Investors in Sila Realty Trust Inc. [read post]
7 Jun 2021, 4:38 am
The Howard Case In Howard v Pooler, 184 AD3d 1160 [4th Dept 2020], a minority member of a real estate development firm sued the majority member. [read post]
24 May 2021, 3:56 am
Some of the remaining minority shareholders of the holding corporation, who were non-members of the Club, claimed that the Club wasted and misappropriated the realty corporation’s sole asset — allegedly having a development value over $300 million — for the benefit of the Club and its members by renewing until 2071 a “sweetheart” lease that gives the Club exclusive use of the property for only $30,000 per year. [read post]
7 Apr 2021, 8:14 am
Q Ill Developement, LLC, 2021 WL 1202329 (C.D. [read post]
31 Mar 2021, 6:10 am
On behalf of Lot 14 Collington Center, LLC, TSC Realty Services is developing the speculative industrial project at 801 Prince George’s Blvd., which will deliver ... [read post]
22 Mar 2021, 4:17 am
The following examples illustrate the hurdles to pleading a sustainable RICO claim in a business divorce setting: In Daskal v Tyrnauer, 2012 NY Slip Op 52036(U) [Sup Ct Kings County 2012], the plaintiff brought direct and derivative claims against his co-owner in a realty holding LLC and others arising from a realty development project that ultimately led to the construction lender’s foreclosure on the LLC’s realty asset. [read post]
18 Mar 2021, 11:25 am
., Denny Grimes, President of Denny Grimes & Team at Keller Williams Realty, and Stan Stouder, founding partner of CRE Consultants, LLC. [read post]
11 Jan 2021, 4:46 am
Sometime afterward, Bak learned that Rostek sold the LLC’s realty to a third party for $2.9 million in a deal that closed in late August 2012, i.e., a month after Bak’s buyout. [read post]
28 Dec 2020, 4:30 am
” Lazar v Attena LLC This case involved several member-managed, realty-holding LLCs that had fully disposed of their realty assets and distributed all of the net proceeds, yet found themselves the subject of a dissolution petition by one of the three members claiming that the other two had wiped off the books debt owed by them to the LLCs. [read post]
18 Dec 2020, 11:32 am
The developer, 116 Elm Street Realty LLC (“the Developer”), sought permission to develop a parcel owned by Frank D. [read post]
16 Dec 2020, 6:51 am
Developer 16 Elm Street Realty, LLC (the “Developer”) sought site plan approval from the Village of Warwick Planning Board (the “Board”) to develop a restaurant/catering facility on property owned by Frank D. [read post]
19 Nov 2020, 6:47 am
Genesis is a limited liability company formed in 2011 by Jazz Realty, through its member nonparty Andrew Stone (Stone), and by nonparty Genesis Member, LLC (Genesis Member), through its member nonparty Karim Hutson (Hutson). [read post]
