Judge Rules Ratner Obtained Properties Illegally
A New York Supreme Court Judge ruled yesterday that Forest City Ratner had illegally obtained the lease to the six-story office building at 752 Carlton Avenue as well as an adjacent parking lot on Pacific Street. The judge ruled that Shaya Boymelgreen violated his lease agreement with owner Henry Weinstein when he transferred the 48-year…
A New York Supreme Court Judge ruled yesterday that Forest City Ratner had illegally obtained the lease to the six-story office building at 752 Carlton Avenue as well as an adjacent parking lot on Pacific Street. The judge ruled that Shaya Boymelgreen violated his lease agreement with owner Henry Weinstein when he transferred the 48-year lease to FCR without Weinstein’s sign-off. The contracts, the judge said, stated clearly and unambiguously that the leases could not be transferred without Weinstein permission. It turns out that Boymelgreen made one attempt to get Weinstein’s approval — but sent the request to the wrong address. Weinstein says that FCR had to have known it needed his approval. If you’re buying a lease from somebody and you have thousand-dollar-an-hour, 800-pound gorilla lawyers retained to protect your interest, he said, I tend to think that they read the lease and realized that they knew that what they were doing was illegal. FCR is acting like the unfavorable ruling doesn’t matter. “We do not believe that this decision will have any impact on the project and are continuing with the preparatory work begun last week,” a Ratner lawyer said. FCR will appeal the ruling.
Atlantic Yards Loses Lease to Part of Site [NY Times]
Judge Rules Forest Ratner Acquired Building Illegally [NY Sun]
Ratner To Appeal Atlantic Yards Ruling [The Real Estate]
Judge Raps Boymelgreen, Ratner in AY Lease Dispute [AY Report]
Ebbet’s Field was once a fixture in a pleasant neighborhood. Then it became Ebbet’s Field Housing Project and everything changed for the worse.
After a few decades of decline, it is on its way back.
D-O-N-E-D-E-A-L!!!
hopefully last for quite some time.
or ever would be even better.
Anon 7:01pm
Madame they can be coliseums all I care. It doesn’t change my opinion. Keep your apology.
Didn’t your pappy tell you it’s not nice to call people names and to comment about their schlongs? Be careful you may wake up choking on a fatty one day.
At least anon 10:43 draws a clear line with no fluff. You on the other hand are a spineless puppet with a bad script.
Stank you very much. That was my last post.
i’m glad it’s being built just to spite all you whiny cry babies.
i hope it drops your real estate values and sends you all for the hills.
and i’m not kidding. you all are absolutely PATHETIC.
When he approached Gehry, Krashes mentioned that his group had previously sent a letter inviting the architect to a meeting.
Gehry said he would, “as soon as the guys let me,” adding “talk to Stuckey”–a reference to Forest City Ratner VP Jim Stuckey.
At this point, handlers for the event ushered Gehry’s interlocutors along.
“you have no idea what it’s going to look like. and with frank gerhry’s name attached to this, it is certainly going to be above average. whether you hate him or not, he IS one the greatest living architects.”
if you think the hack Frank Gehry and his generic monstrosity-building machine is one of the greatest living architects then i feel very sorry for you. the fact is that getting Frank Gehry to sign his name to this was a strategic move by Ratner who could care less what AY looks like, and Gehry accepted because, good or bad, he’s out for the cash. i’m sure his role in actually designing these buildings will be much smaller than you think. sorry but at this point a frank Gehry building is about a name, not the actual architecture.
there are 3 stadiums, yes.
not 3 arenas.
sorry you are so ignorant.
i’m glad you are standing firm. if something else was firm a little more often, perhaps you wouldn’t be such a bitter and spiteful person.
I agree it was a pointless attempt by you and others to compare the new “arena” with “arenas” from different cities, completely bypassing the 3 that are within our city.
I stand firm.
Next time before you open your hole make sure you can walk that talk so don’t send sorry ass comments about your pappy and 8 million different opinions on the matter.