Results

Jonathan Houghton won an appeal in the Appellate Division, Second Department, in Matter of Queens West (Nixbot Realty), 121 AD3d 903, reversing a decision which denied a tenant its trade fixture claim based on alleged common shareholders.

Joshua Rikon obtained an award after trial in the Matter of Village of Haverstraw proceeding for the trade fixture claim of Executive Touch Landscaping & Construction.  Justice Bruce E. Tolbert awarded claimant $159,596 with interest.  The Court precluded the condemnor’s evidence of value due to the use of a date other than title vesting.  The pre-vesting offer was $26,000.

Michael Rikon obtained an award after trial in the Matter of Village of Haverstraw proceeding for Ferguson Management Co. LLC in the amount of $721,671 plus interest.  The condemnor’s appraisal was for $365,000.

Michael Rikon settled the claim for an additional allowance for attorneys and appraisal fees for Longridge Assoc. v MTA for $1,000,000, increasing the total amount recovered after trial and appeal to $9,137,000.  The condemnor’s offer was $700,000.

Joshua Rikon settled the trade fixture claim of Mrs. Fields’ Cookies which was taken in the Fulton Street Transit Center taking for $1,000,000. The advance payment was $568,000.

Ashley Levi settled the claim of an outdoor advertising sign company that was appropriated in the Kosciuszko Bridge Project for $625,000. The State initially valued the sign at $51,150.

Joshua Rikon settled the trade fixture claim of Tony’s DiNapoli Restaurant taken in the Second Avenue Subway proceeding for $2,134,300. The M.T.A. had initially appraised the trade fixtures at $393,000.

Joshua Rikon settled the claim of Il Menestrello Restaurant for $2,169,000. The restaurant was condemned in the M.T.A. East Side Access Project. The condemnor initially valued the trade fixtures at $422,800.

Jonathan Houghton settled the claim of 54-30 43rd Street, LLC for $7,400,000 in the Kosciuszko Bridge Project. The advance payment was $2,850,000.

Joshua Rikon Settled the trade fixture claim of Pack It Away Storage Systems in the Atlantic Yards Project for $1,700,000. The advance payment was $55,753.