Judge rules against Nir Meir in HFZ’s $19M default case

first_img Share via Shortlink By the time the lender sued HFZ, Feldman, and Meir in November, the developer was already in financial ruin. A month later, Meir left the company and HFZ was facing foreclosures, liens and allegations of wrongdoing from subcontractors.Making lender YH Lex Estates even more nervous, Feldman and Meir were selling off their personal residences — assets that could be used to satisfy the guarantees on HFZ’s loans. The Southampton estate Meir was unloading, built in 2017, had been appraised at about $40 million.YH Lex Estates — which is a business of Israeli auto industry magnate and art collector Yoav Harlap — tried but failed to stop the sale, which closed in early April. But last week, just when it seemed the lender’s streak of bad luck with HFZ might never end, a New York judge ruled that it could go after Meir for $18.5 million.About $10 million of that could come from the sale of the Southampton home, a 6,600-square-foot mansion at 40 Meadow Lane, after its creditors and mortgage holders take their cut. Among them is hedge fund manager Harsh Padia, an HFZ creditor who holds an $8 million second mortgage.Meir is appealing the judge’s decision. His lawyers argue that before the lender can go after Meir, the court first has to rule on HFZ’s argument that it is not obligated to pay because of problems with the loan documents.“The court acted prematurely in deciding the case against Meir before it resolved the issues raised by HFZ,” said Larry Hutcher, co-founder of New York-based law firm Davidoff, Hutcher and Citron. “Meir has a complete defense to this action and we are confident that the appellate (court) will agree with us.”The lender still hopes to recover the rest of the unpaid loan from HFZ and Feldman, who — in another twist — claim their loan guarantees are invalid, but for different reasons. The firm argues that Meir illegally signed loan documents on its behalf, while Feldman claims his signatures on the loan guarantees were forged. He plans to bring in a handwriting expert to court in June.The Upper East Side project is far from Feldman’s only concern. He and his wife, Helene, are personally on the hook for a number of loans tied to HFZ’s projects, some much larger than the Upper East Side venture. HFZ’s biggest is the XI, a stalled Bjarke Ingels–designed condo and hotel spanning a full city block along the High Line.While YH Lex Estates sues HFZ, Feldman and Meir, the developer is suing Meir, alleging that he used the firm as his “personal piggy bank” to the tune of $15 million in fraudulent credit card reimbursements and wire transfers.Meir’s lawyers deny these allegations. “They’re seeking to blame him as a scapegoat and we won’t tolerate it,” said Hutcher. He said Meir has paid more than $10 million in recent months to satisfy HFZ creditors.Harlap and his brother, Dr. Shmuel Harlap, own the Colmobile import franchise for Mercedes, Mitsubishi and Hyundai, and he also invests in real estate, according to Haaretz. In 2015 he bought a co-op unit at 860 Fifth Avenue for $7.6 million, property records show.Attorneys for HFZ and Feldman did not return a request for comment. YH Lex Estates attorney Mark Hatch-Miller of Susman Godfrey declined to comment.This article has been revised to add information about Yoav Harlap. Tags Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinkcenter_img 1135 Lexington Avenue and Nir Meir (Google Maps, iStock)UPDATED April 20, 2020, 11:30 a.m.: It must have seemed like a sure thing: a luxury condominium development on the Upper East Side.To assemble the properties needed for the project, HFZ Capital borrowed $20.5 million from an Israeli investor. The developer’s top brass, Ziel Feldman and Nir Meir, provided personal guarantees on the loan in case something went wrong.It did.The development never got off the ground and in 2019, HFZ defaulted on its debt. But now the lender’s attempts to collect on the guarantees has become a drama unto itself.Read moreLawsuit to eject Nir Meir discontinued How HFZ became the face of Manhattan’s condo woes Ziel Feldman alleges Nir Meir used HFZ as a personal piggy bank Commercial Real EstateHFZ CapitalReal Estate Lawsuitsupper east sidelast_img read more

US Navy Names Next JHSV USNS City of Bismarck

first_img View post tag: US Navy View post tag: JHSV Authorities View post tag: USNS City of Bismarck View post tag: americas The next joint high speed vessel will be named USNS City of Bismarck (JHSV 9).US Secretary of the Navy Ray Mabus made the announcement during a ceremony at the North Dakota Heritage Center in Bismarck yesterday.Mabus named the ship in honor of North Dakota’s capital city. This will be the first ship in naval history to bear the name.JHSVs have a 20,000 square foot open mission deck and an aviation flight deck to support day and night air vehicle launch and recovery operations. They can operate in a variety of roles to include supporting overseas contingency operations, conducting humanitarian assistance and disaster relief, supporting special operations forces and supporting emerging joint sea-basing concepts.USNS Bismarck is being constructed by Austal USA in Mobile, Alabama, and will join the fleet at the beginning of next year.Image: US Navycenter_img Back to overview,Home naval-today US Navy Names Next JHSV USNS City of Bismarck US Navy Names Next JHSV USNS City of Bismarck September 17, 2015 Share this articlelast_img read more

Australian Navy calls for partners for NIMS development

first_img View post tag: NIMS Royal Australian Navy calls for partners on five-year information system modernization Authorities October 5, 2016 Share this articlecenter_img The Royal Australian Navy is preparing to update its Navy Information Management System (NIMS) and is looking for partners on the five-year undertaking.NIMS is a suite of applications developed by the navy to help it gather and manipulate a range of classified and sensitive business intelligence and warfighting data.“To remain effective these applications require ongoing maintenance and development,” the Australian government tender read. It was further said that the navy is looking for qualified and experienced organisations that can provide innovative and ongoing information technology services.The five-year contract is to start in July next year and the call for bids will end October 30, 2016. Back to overview,Home naval-today Royal Australian Navy calls for partners on five-year information system modernization View post tag: Royal Australian Navylast_img read more

BURROUGHS, REV. NAMON

first_imgFuneral services took place April 13 at St. John’s Baptist Church, Jersey City, for Rev. Namon Burroughs of Jersey City. He passed away April 5. He was the husband of the late Evelyn Burroughs, father of Troy T., Marvin, Anthony and Alicia Green, brother of Bessie, grandfather of 15, great-grandfather of 10, and also survived by a host of nieces, nephews, and other relatives and friends.Services arranged by the Watson Mortuary Service, Jersey City.last_img

Les Miz Change-Up: Samantha Hill Replaces Charlotte Maltby

first_imgSamantha Hill is replacing Charlotte Maltby as Cosette in the new Broadway revival of Les Miserables. The production is still on track to begin performances March 1 at the Imperial Theatre. Opening night is set for March 23. A production spokesperson did not reveal the reason for the casting change. Related Shows Hill joins previously announced stars Ramin Karimloo as Jean Valjean, Will Swenson as Javert, Caissie Levy as Fantine, Nikki M. James as Eponine and Andy Mientus as Marius. Les Miserables is directed by James Powell and Laurence Connor. Les Miserables Show Closed This production ended its run on Sept. 4, 2016 Hill recently played the role of Cosette in the Toronto production of the show and made her Broadway debut as Christine Daaé in The Phantom of the Opera. Other stage credits include August: Osage County, The Light in the Piazza, Spring Awakening, Annie, Beauty and the Beast and Chicago. View Commentslast_img read more

Muscadine season

first_imgBy Gerard KrewerUniversity of GeorgiaMuscadine season is back. And it’s time to enjoy a fruit that is one of the most flavorful in the world.Most fruits are now available nearly year-round, because they’re grown somewhere in the Southern Hemisphere during our winter season. But not muscadines.These great grapes are grown commercially only in the southern United States. Muscadines usually begin ripening in August in extreme south Georgia. The harvest then moves northward and ends in early October. Muscadines grow everywhere in the state except in the high mountains. About 80 Georgia growers are producing muscadines on about 1,200 acres of vineyards. There is also tremendous backyard production of muscadines in Georgia. Several distant shippers, as well as some pick-your-own farms, are located around the state. Most of Georgia’s muscadines are grown for fresh markets. But backyard gardeners can enjoy this easy-to-grow fruit, too. The vines are best planted when they are dormant in late fall to early winter. Southerners have enjoyed eating wild muscadines since we first settled this land. In the early 1800s, a number of superior wild varieties were selected for cultivation. One of these was “Scuppernong.” Found on the Scuppernong River in North Carolina in 1810, it has become the common name for all bronze muscadines.University of Georgia scientists have been breeding muscadines since the 1920s. Today’s table grape cultivars are over an inch in diameter with fantastic flavor.They come in a range of colors from bronze to red to purple to black. Many varieties have tender, edible skin that makes them prized as table grapes.Among the bronzes, Fry, Summit, Supreme and Tara are fresh-fruit favorites. Noble and Carlos are noted for their good wine quality. Many others are wonderful in cider, wines, jellies, preserves and syrups.Studies show that muscadines are rich in dietary fiber and important minerals, low in fat and protein and high in carbohydrates. They’re a better source of calcium, iron, zinc and manganese than many other fruits. Muscadines also contain significant quantities of ellagic acid, which can lower the risk of colon, lung and liver cancer. To learn more about how to grow muscadines, contact your local UGA Cooperative Extension office. Your local Extension office can also give you a list of local growers for fresh fruit. For a list of Georgia’s wineries, go to www.georgiawinecountry.com.last_img read more

Chittenden to Make Presentation at the RBC Capital Markets Financial Institutions Conference on September 19, 2003

first_imgChittenden Corporation (NYSE: CHZ) announced that Paul A. Perrault, Chairman, President andChief Executive Officer, and Kirk W. Walters, Executive Vice President andChief Financial Officer, will be speaking at the RBC Capital Markets financialinstitutions conference on Thursday, September 18, 2003. The conference willbe held at The Harbor View Hotel on Martha’s Vineyard. Chittenden isscheduled to make its presentation at 9:45 a.m.RBC Capital Markets has established an audio web link to enable allinterested parties to have access to the conference. The web link is:http://www.wallstreetwebcasting.com/webcast/dr14/(link is external)The Company may answer one or more questions concerning business andfinancial developments and trends and other business and financial mattersaffecting the Company, some of the responses to which may contain informationthat has not previously been disclosed.Chittenden is a bank holding company with total assets of $6.0 billion atJune 30, 2003. Its subsidiary banks are Chittenden Bank, The Bank of WesternMassachusetts, Flagship Bank and Trust Company, Maine Bank & Trust Company,Ocean National Bank and Granite Bank. Chittenden Bank also operates under thename Mortgage Service Center, and it owns Chittenden Insurance Group, andChittenden Securities, Inc. Granite Bank operates an insurance agencysubsidiary under the name of GSBI Insurance Group. The Company offers a broadrange of financial products and services, including deposit accounts andservices; consumer, commercial, and public sector loans; insurance; brokerage;and investment and trust services to individuals, businesses, and the publicsector. To find out more about Chittenden and its products, visit our website at http://www.chittendencorp.com(link is external). Chittenden Corporation news releases,including earnings announcements, are available via fax by calling800-758-5804. The six-digit code is 124292.last_img read more

Jackie O: LI’s First Lady

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Most people today might associate Jackie Kennedy Onassis with Cape Cod or Rhode Island, or sadly, Dallas, but Long Island had a lasting influence over the course of her life, beginning with her birth in Southampton in 1929.For one thing, it’s here she got her first brush with fame. Granted, she was only 2 years old. But as the East Hampton Star proclaimed, it was an auspicious beginning: “Future debutante hosts second birthday bash.”When she did “come out” in 1947, nationally syndicated gossip columnist Cholly Knickerbocker called her “the No. 1 deb of the year…a regal brunette who has classic features and the daintiness of Dresden porcelain.”Beneath the surface was a different picture.It was at her family’s and her grandparents’ East Hampton estates where she spent her most formative summers, developing her horse-riding skills, honing her lifelong love of literature and culture, and learning to depend on herself as her parents’ loveless marriage went up in flames.By 1937 the marital bond of Janet Lee and John Vernou Bouvier III had come unglued but the divorce didn’t become official until 1940. Jackie’s presence on the East End began to wax and wane like the phases of the moon once her mother had married Hugh D. Auchincloss Jr. and moved her and her younger sister Lee to his family’s estate in Newport, R.I. Mother Janet associated Long Island with her despicable ex and the less time her daughters spent in the Hamptons, the better.Jackie’s position in our country’s cultural pantheon has also fluctuated with the changing times. On that tragic November day in 1963, she was America’s widow. But later, as time had passed, she seemed to prefer the comfort of shadows, not the glare of the limelight.It’s understandable, therefore, how four young guys from Huntington out for the weekend at their friend’s parents’ place in the Hamptons could keep their cool when they found themselves unexpectedly sharing the stage, so to speak, with the former First Lady in 1978. They had been walking back from the beach when a beat-up old Chrysler roared by.“Look!” said one of them, who recognized the driver slouched over the wheel. “It’s Mick Jagger!”Sure enough, this Rolling Stone was going to a Bastille Day party at George Plimpton’s summer home in Wainscott. It so happened that these fellows were staying right next door.“We were invited because we were neighbors,” recalls their host, Scott O. Savitt, now a Long Island promoter. “It was hot, man!”Among the celebrities assembled that night were Shirley MacLaine, Kurt Vonnegut, Dick Cavett, Buck Henry and Chevy Chase. But standing on the big sweeping lawn, gazing off into the distance, was once the most popular woman in America, if not the world.“I look across the way and I see Jackie Kennedy!” recalls Bill Walsh, today a book marketer in New York. Later in the evening he spotted Norman Mailer thumb-wrestling with one of Bobby Kennedy’s boys, and, to top it off, Caroline Kennedy came up to him and asked him if he had a match.“We ended up chatting about the weather,” he insists with a straight face. “The whole time I’m going to myself: ‘This is Caroline Kennedy and there’s Jackie!’ But I’m acting very blasé about the whole thing.”As were his pals. But this foursome lost their composure the moment Jagger joined them on the lawn to share the joint they were smoking.“As soon as Jagger walks away, my friend takes the joint and saves it,” Walsh recalls. “And he says, ‘I’ll never wash my hands again!’ For us, Jagger was really the star, and, ‘Oh, yeah, there’s Jackie Kennedy.’”Perhaps Jackie O, as she would become dubbed in the supermarket tabloids, had become such a pop icon on the American scene that she could almost be taken for granted.Two Jacks, One JackieBut Jackie had as much right to be there as anyone, let alone a bunch of 20-year-old party crashers. Her Long Island roots went far back.The Lees, Jackie’s mother’s family, owned Avery Place, on Lily Pond Lane in East Hampton.That’s where Janet Lee perfected her horse-riding skills and passed them along to her daughter early on. Newspaper accounts of the time lavished praise on young Jackie’s equestrian accomplishments as she racked up one blue ribbon after another.The Bouviers, on her father’s side, had bought a clapboard-and-shingle house called Wildmoor on Apaquogue Road in 1910 before acquiring the much more opulent Lasata estate in 1925 off Further Lane, its name supposedly meaning “place of peace” in Algonquin.Indeed walking along the shore in the Hamptons had a lasting effect on her, as she wrote in a poem when she was 10 years old: “When I go down by the sandy shore,/I can think of nothing I want more/Than to live by the booming blue sea/As the seagulls flutter round about me.” It was a habit she maintained on Cape Cod once she became part of the Kennedy compound in Hyannisport, Mass.She had met John F. Kennedy in 1951 when the Congressman was “three weeks shy of his thirty-fourth birthday” and she “was not yet twenty two,” writes Donald Spoto in his Jacqueline Bouvier Kennedy Onassis: A Life. But she knew then that he “would have a profound, perhaps disturbing” effect on her and, she also admitted later, that “here was a man who did not want to marry.”In that sense, Kennedy was not unlike her raconteur father, “Black Jack” Bouvier, who had gotten that sobriquet because he nourished his tan in the beaches of the Hamptons and in the solarium room at the Maidstone Club in East Hampton, where he stashed his liquor and squired his mistresses. He didn’t approve of his future son-in-law’s politics (Bouvier was a staunch Republican), but when they finally all met at a Manhattan restaurant in February 1953, both Jacks got along great, as Spoto writes, because the two men “shared the same passions for women, politics and sports.” Perhaps because Black Jack used to tell his daughter that “all men are rats,” Jackie was prepared in advance for her husband’s adultery.After they’d been married 10 years, Kennedy himself told his friend Chiquita Astor, recounts Sarah Bradford in her book, America’s Queen, that he’d never been in love, “but I’ve been very interested once or twice.” But Jackie didn’t expect it from him, her biographers say. Though 12 years separated their ages, their similar backgrounds made them compatible, as Spoto put it, because “they had each endured a lonely and difficult childhood with emotionally distant mothers and philandering fathers.” And both found solace walking along the beach.On a far less fateful day than one that would come later the First Lady smiles at her newly elected husband as they ride in a presidential motorcade. (Abbie Rowe/National Park Service)Fateful NovemberIn October 1963, after losing her infant son Patrick, who was born prematurely in August and survived less than 40 hours, Jackie had decided to join her sister on a two-week luxury cruise in the Mediterranean with Greek tycoon Aristotle Onassis aboard his 303-foot-long yacht. Jackie said she found him “an alive and vital person who had come from nowhere.” (They would marry in 1968.)At the time, his reputation in America was less gracious and more spurious, with his “dubious” dealings with European governments and American shipping companies creating the impression that he was something of a pirate, as Spoto writes. The trip helped fuel a backlash among Congressional Republicans that she’d gone too far.So, feeling some remorse, she readily agreed to accompany her husband on his upcoming trip to Texas—her “first political appearance since 1960,” according to the author.On Nov. 22, an open black Lincoln limousine took the First Lady and President Kennedy through the crowded streets of Dallas with Texas Gov. John Connally and his wife Nellie in the front seat and the Kennedys in the rear. Then the bullets struck. Jackie turned to look at her husband.“I could see a piece of his skull and I remember it was flesh-colored,” she told the Warren Commission in 1964. “I remember thinking he just looked as if he had a slight headache.”As the motorcade raced from the plaza to the hospital, she crawled onto the trunk of the limo to fetch the bone before a Secret Service agent shoved her back inside.“They have killed my husband!” she screamed. “I have his brains in my hand!”He was gone, dead at 46.Yet Jackie endured.And until her death in 1994, she lived as both a public figure and a private presence—a complex person whose seminal contribution to American culture and politics is still not fully appreciated, long after the refrains of “Camelot” have receded into silence, long after the tears shed by a grieving nation in 1963 have dried, and long after all the “celebrity sightings” over the years—whether by a hazy group of guys smoking pot in the Hamptons or a pack of paparazzi hounding her down Fifth Avenue—have faded from view.last_img read more

Mobile users wake up to social media applications

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Consumers are more likely to turn to social media applications to start their day off and use entertainment applications in the evening, according to a report by Opera Mediaworks. It also found users’ first and last apps of the day vary throughout the month, with news and information apps seeing the greatest loyalty.Opera Mediaworks, a mobile ad platform for brands, has released its Q2 2015 State of Mobile Advertising Report, detailing the kinds of apps users engage with each day, and measuring overall traffic and revenue across mobile platforms. continue reading »last_img read more

Put the employee back in employee engagement

first_img 29SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Last check, engagement was still the hottest buzz word in the HCM world. Ask ten different HCM professionals what “employee engagement” means, and you will likely get answers that include words or phrases such as organizational commitment, job satisfaction, happiness, discretionary effort, or “likely to recommend us as a good place to work.” Unfortunately, all too many organizations have strayed from the path. A look at just the twelve most popular engagement survey providers reveals wide and varied definitions of engagement – no wonder we are all so confused.The fact of the matter is that most “engagement” surveys either do not measure engagement at all, or lump so many unrelated things in that the final engagement score that is tabulated no longer is a measure of “engagement” at all. Given this scenario, maybe organizations should revert back to calling them “climate” or “employee” surveys.“Engaged” employees know what is expected of them in their roles, are provided opportunities for growth and development, feel supported by their colleagues (managers and supervisors) and are given autonomy to perform tasks. An engaged employee finds their work to be psychologically meaningful, feel a sense of purpose, and have a belief that the work they do makes a difference. continue reading »last_img read more