Developer Gamma Real Estate is planning a new luxury-condominium supertower called The Sovereign on East 58th Street between First Avenue and Sutton Place. It has already purchased and demolished the four-story walkups that were there and has begun digging for the new...
Todd & Levi, L.L.P.
New York’s Observation Wheel held up by construction issues
New York is in the midst of allegations of a multi-million dollar contract breach. The issue involves the famed observation wheel. The wheel was designed to be the highlight of the redevelopment plan for the North Shore. It is touted to be a "must see iconic structure...
Did I really breach our contract?
Construction projects can be massive undertakings. This is particularly true when they involve commercial buildings, major renovations or any project involving several parties. Considering all these moving parts, it can be easy for disputes to arise regarding delays,...
Corrupt landlord pleads guilty
Being a landlord should be simply a matter of supplying and maintaining a high-quality property that is leased to a tenant for a fair price. Unfortunately, some landlords cut corners and break laws in an effort to maximize their income, while minimizing their...
Creditors have options when seeking to collect
A musician whose band had the good fortune to open for Chuck Berry decades ago remembers the guitar great befriending him between the opening band's set and Berry's performance. Upon discovering the opening act had not been paid before the show, Berry marched with the...
Why understanding noncompete contracts matters
Many business owners and employees have presumed that noncompete clauses affect only senior executives. However, noncompete clauses are now affecting employees at many levels, which is why it is important for both business owners and employees to learn about them. A...
Construction Lien Law Changes in New Jersey
A recent ruling in the United States District Court for the District of New Jersey has significantly altered the legal landscape for filing Construction Liens in New Jersey.[1] The Court in Cooper Elec. Supply Co. v. Linear Elec. Co., affirmed a bankruptcy court's...