Posted Aug 30, 2020, 10:00 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,856
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HFZ extends XI sales gallery lease, ending lawsuit
Quote:
Ziel Feldman and his firm, HFZ Capital, settled a dispute involving the sales gallery for its XI condominium project Thursday.
Greenway Mews Realty, the owner of 25-27 Little West 12th Street, in which the sales gallery is located, filed the lawsuit Monday against HFZ for not vacating the property or paying rent after the three-year lease expired in June.
With the lawsuit, the landlord sought to take back the space and collect $1.1 million to cover back rent, expenses to restore the property, and legal fees.
On Thursday afternoon, however, Greenway Mews’ lawyer Steven Sperber notified the court to discontinue the lawsuit as HFZ has agreed to a lease extension, according to email communications between lawyers for both sides that HFZ shared with The Real Deal .
“We look forward to your client’s continued tenancy at the building,” Sperber wrote in an email to Marc Becker, an attorney for HFZ.
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