Skip to main content

Firm representing Goldstein in eminent domain proceedings touts $3 million settlement

After what they presumably considered a discreet amount of time--one month--the law firm representing Daniel Goldstein in the Atlantic Yards eminent domain proceedings issued a triumphant press release about the settlement.

The press release is not aimed at people interested in the Atlantic Yards fight or the nitty-gritty of the settlement figure, which was driven by Forest City Ratner's interest in vacant possession in time for the NBA lottery (and the entrance of new Nets owner Mikhail Prokhorov), a lowball offer from the state which pushed Goldstein to settlement, and a judge very interested in getting a deal done in one day.

Not to mention a delay in negotiations caused by the developer's interest in a full gag order. The aftermath? Forest City Ratner's spurious claim that the sticking point was money.

Rather, the release from Goldstein, Rikon & Rikon (disclosure) doesn't offer such context. It seems aimed at generating professional acclaim and business leads. That's what businesses do, but it's not the full story.

The press release
Final "Atlantic Yards" Homeowner Agrees to $3 Million Settlement in Eminent Domain Dispute with State of New York

Lawyers from Goldstein, Rikon & Rikon negotiate deal on behalf of last condo owner to vacate his property, clearing way for New Jersey Nets to build new arena

New York, NY (PRWEB) May 22, 2010 -- Attorneys from the New York law firm of Goldstein, Rikon & Rikon, the only law firm in New York practicing exclusively in the area of eminent domain and condemnation law, successfully negotiated a settlement on behalf of the last homeowner to agree to vacate his condominium on the property that is to be used for Brooklyn's Atlantic Yards development, which will include the New Jersey Nets' new arena.

Daniel Goldstein, an outspoken opponent of the Atlantic Yards project and the only remaining resident of a 31-unit condominium building at 636 Pacific Street in Brooklyn, agreed to a $3 million settlement with the New York State Urban Development Corporation, which had taken title to his property by eminent domain on March 1, 2010. Goldstein was represented in the negotiations by Michael Rikon, an experienced eminent domain attorney and partner at Goldstein, Rikon & Rikon. The settlement was reached in court before the Hon. Abraham Gerges, Justice of the Supreme Court for Kings County, N.Y.

"We're delighted to achieve this outcome for our client so that he can get this entire matter behind him and use the compensation he will receive from the settlement to relocate his family to a new home in New York," said Rikon. "Our client never wanted to leave his home and does not believe it was right for him to be forced out, but we're gratified that we were able to achieve a reasonable resolution for him."

Goldstein, Rikon & Rikon limits its practice to eminent domain and condemnation law. Eminent domain refers to the sovereign's power to take private property for a public use, provided that "just compensation" is paid. The firm offers its clients the opportunity to retain counsel highly experienced in obtaining just compensation.

Goldstein, Rikon & Rikon, P.C. was founded in 1923, when Samuel Goldstein and Nathan L. Goldstein created a law firm that established a strong tradition of aggressively protecting the constitutional rights of people who had their property forcibly acquired by condemnation or eminent domain. In 1994, Michael Rikon, who had been practicing condemnation and eminent domain law since 1969, merged his firm, Michael Rikon, P.C., with the Goldsteins to form Goldstein, Goldstein & Rikon, P.C. Earlier this year, Joshua H. Rikon, Jonathan M. Houghton and Philip A. Sanchez became partners in the law firm currently known as Goldstein, Rikon & Rikon, P.C.

For more information, please call 212.422.4000 or go to www.ggrgpc.com.

Comments

  1. Goldstein, Rikon & Rikon's press release is certainly more forthright and honest than any communique Ratner & Co. have ever issued about Atlantic Yards.

    "We were able to achieve a reasonable resolution for him" is dead on. The settlement was much better than the punitive low-ball offer the state made on Ratner's behalf, yet no windfall, especially since Daniel and Shabnam's home, from the first day to the last, was the most significant obstacle standing between Ratner and his $4.9 billion project.

    ReplyDelete

Post a Comment

Popular posts from this blog

Barclays Center/Levy Restaurants hit with suit charging discrimination on disability, race; supervisors said to use vicious slurs, pursue retaliation

The Daily News has an article today, Barclays Center hit with $5M suit claiming discrimination against disabled, while the New York Post headlined its article Barclays Center sued over taunting disabled employees.

While that's part of the lawsuit, more prominent are claims of racial discrimination and retaliation, with black employees claiming repeated abuse by white supervisors, preferential treatment toward Hispanic colleagues, and retaliation in response to complaints.

Two individual supervisors, for example, are charged with  referring to black employees as “black motherfucker,” “dumb black bitch,” “black monkey,” “piece of shit” and “nigger.”

Two have referred to an employee blind in one eye as “cyclops,” and “the one-eyed guy,” and an employee with a nose disorder as “the nose guy.”

There's been no official response yet though arena spokesman Barry Baum told the Daily News they, but take “allegations of this kind very seriously” and have "a zero tolerance policy for…

Behind the "empty railyards": 40 years of ATURA, Baruch's plan, and the city's diffidence

To supporters of Forest City Ratner's Atlantic Yards project, it's a long-awaited plan for long-overlooked land. "The Atlantic Yards area has been available for any developer in America for over 100 years,” declared Borough President Marty Markowitz at a 5/26/05 City Council hearing.

Charles Gargano, chairman of the Empire State Development Corporation, mused on 11/15/05 to WNYC's Brian Lehrer, “Isn’t it interesting that these railyards have sat for decades and decades and decades, and no one has done a thing about them.” Forest City Ratner spokesman Joe DePlasco, in a 12/19/04 New York Times article ("In a War of Words, One Has the Power to Wound") described the railyards as "an empty scar dividing the community."

But why exactly has the Metropolitan Transportation Authority’s Vanderbilt Yard never been developed? Do public officials have some responsibility?

At a hearing yesterday of the Brooklyn Borough Board Atlantic Yards Committee, Kate Suisma…

Barclays Center event June 11 to protest plans to expand Israeli draft; questions about logistics

At right is a photo of a poster spotted in Hasidic Williamsburg right. Clearly there's an event scheduled at the Barclays Center aimed at the Haredi Jewish community (strict Orthodox Jews who reject secular culture), but the lack of English text makes it cryptic.

The website Matzav.com explains, Protest Against Israeli Draft of Bnei Yeshiva Rescheduled for Barclays Center:
A large asifa to protest the drafting of bnei yeshiva in Eretz Yisroel into the Israeli army that had been set to take place this month will instead be held on Sunday, 17 Sivan/June 11, at the Barclays Center in Downtown Brooklyn, NY. So attendees at a big gathering will protest an apparent change of policy that will make it much more difficult for traditional Orthodox Jewish students--both Hasidic (who follow a rebbe) and non-Hasidic (who don't)--to get deferments from the draft. Comments on the Yeshiva World website explain some of the debate.

The logistical questions

What's unclear is how large the ev…

Atlanta's Atlantic Yards moves ahead

First mentioned in April, the Atlantic Yards project in Atlanta is moving ahead--and has the potential to nudge Atlantic Yards in Brooklyn further down in Google searches.

According to a 5/30/17 press release, Hines and Invesco Real Estate Announce T3 West Midtown and Atlantic Yards:
Hines, the international real estate firm, and Invesco Real Estate, a global real estate investment manager, today announced a joint venture on behalf of one of Invesco Real Estate’s institutional clients to develop two progressive office projects in Atlanta totalling 700,000 square feet. T3 West Midtown will be a 200,000-square-foot heavy timber office development and Atlantic Yards will consist of 500,000 square feet of progressive office space in two buildings. Both projects are located on sites within Atlantic Station in the flourishing Midtown submarket.
Hines will work with Hartshorne Plunkard Architecture (HPA) as the design architect for both T3 West Midtown and Atlantic Yards. DLR Group will be t…

Forest City acknowledges unspecified delays in Pacific Park, cites $300 million "impairment" in project value; what about affordable housing pledge?

Updated Monday Nov. 7 am: Note follow-up coverage of stock price drop and investor conference call and pending questions.

Pacific Park Brooklyn is seriously delayed, Forest City Realty Trust said yesterday in a news release, which further acknowledged that the project has caused a $300 million impairment, or write-down of the asset, as the expected revenues no longer exceed the carrying cost.

The Cleveland-based developer, parent of Brooklyn-based Forest City Ratner, which is a 30% investor in Pacific Park along with 70% partner/overseer Greenland USA, blamed the "significant impairment" on an oversupply of market-rate apartments, the uncertain fate of the 421-a tax break, and a continued increase in construction costs.

While the delay essentially confirms the obvious, given that two major buildings have not launched despite plans to do so, it raises significant questions about the future of the project, including:
if market-rate construction is delayed, will the affordable h…

Revising official figures, new report reveals Nets averaged just 11,622 home fans last season, Islanders drew 11,200 (and have option to leave in 2018)

The Brooklyn Nets drew an average of only 11,622 fans per home game in their most recent (and lousy) season, more than 23% below the announced official attendance figure, and little more than 65% of the Barclays Center's capacity.

The New York Islanders also drew some 19.4% below announced attendance, or 11,200 fans per home game.

The surprising numbers were disclosed in a consultant's report attached to the Preliminary Official Statement for the refinancing of some $462 million in tax-exempt bonds for the Barclays Center (plus another $20 million in taxable bonds). The refinancing should lower costs to Mikhail Prokhorov, owner of the arena operating company, by and average of $3.4 million a year through 2044 in paying off arena construction.

According to official figures, the Brooklyn Nets attendance averaged 17,187 in the debut season, 2012-13, 17,251 in 2013-14, 17,037 in 2014-15, and 15,125 in the most recent season, 2015-16. For hoops, the arena holds 17,732.

But official…

So, Forest City has some property subject to the future Gowanus rezoning

Writing yesterday, MAP: Who Owns All the Property Along the Gowanus Canal, DNAinfo's Leslie Albrecht lays out the positioning of various real estate players along the Gowanus Canal, a Superfund site:
As the city considers whether to rezone Gowanus and, perhaps, morph the gritty low-rise industrial area into a hot new neighborhood of residential towers (albeit at a fraction of the height of Manhattan's supertall buildings), DNAinfo reviewed property records along the canal to find out who stands to benefit most from the changes.
Investors have poured at least $440 million into buying land on the polluted waterway and more than a third of the properties have changed hands in the past decade, according to an examination of records for the nearly 130 properties along the 1.8-mile canal. While the single largest landowner is developer Property Markets Group, other landowners include Kushner Companies, Alloy Development, Two Trees, and Forest City New York.

Forest City's plans unc…