Press Mentions

Back

Real Estate Bisnow writes about the importance of three Adam Leitman Bailey, P.C. cases in 2011

Bisnow_Logo

Well-known NYC lawyer Adam Leitman Bailey practices real estate law, but his cases have an impact beyond CRE. Today, we take a look at three of his firm’s victories—and why they matter.

Adam Bailey, March 2012
Adam (above, speaking at a recent Baruch alumni panel with Cassidy Turley’s Stephen Pearlman and BlackRock’s Barry Ziering) calls himself a natural underdog, having grown up lower-middle class in Bayside, Queens and LA. “Starving is a great motivator,” he says. He reps Fortune 500 companies, but he’s known for working on behalf of other underdogs—as in the three cases below.

1) LARGEST CONDO REFUND

Sky View Parc condos, Flushing Queens

When 118 prospective buyers of Flushing’s Sky View Parc condos put a total of $5M down on $50M worth of units, they hoped the big downpayments would help them land mortgages. Then the ’08 collapse happened and they found themselves on the verge of losing their downpayments. Adam proved that the developer, Onex Real Estate Partners, failed to register the project with HUD or provide the buyers with disclosure reports, as required under the obscure 1968 Interstate Land Sales Full Disclosure Act; he landed his clients a $3.7M-plus-interest settlement, a 75% refund.

2) THE CRANE & THE CEVICHE BAR

Crave Ceviche Bar before March 2008
Remember the crain collapse on East 51st Street three years ago? In addition to the tragic loss of life, Dino Andreakos’ and Brian Owens’ successful seven-month-old restaurant, Crave Ceviche Bar, was wiped out. The building owner said casualties and almost total damage meant it didn’t have to rebuild and evicted Crave. Adam got the eviction overturned and negotiated an over $1M settlement for the building owner to buy out the rest of the lease, leaving Dino and Brian with capital to find and open a new location. Adam tells us they’re also settling a second case against the crane company.

3) PARK51 MOSQUE

Adam Leitman Bailey
Plenty of folks were unhappy about plans to build an Islamic center for an existing mosque near Ground Zero, but one 9/11 first responder took the case to court, trying to block construction by having the site landmarked because it was hit by debris from the Twin Towers. Adam, repping the mosque, proved a lack of a connection to 9/11. Because of financing issues, no construction has begun, but the important thing is that the mosque has the right to build, Adam says.

Related Attorneys

Adam Leitman Bailey

Related Content

“IMO the best real estate attorney in NYC, our attorney, Adam Leitman Bailey. Without him, the new Crave may have never reopened. This article shows our case @ #2 and his other notable recent legal victories…….Thanks Adam!” “Adam Leitman Bailey proved that he was the most efficient pitbull and a great negotiator.” – B.O. “I was able to continue our dream of opening another restaurant.” -D.A. Adam Leitman Bailey, P.C. Obtains Winning Settlement for Restaurant Struck by Crane on March 15th, 2008 Adam Leitman Bailey, P.C. Wins Right for Park51 aka the Ground Zero Mosque to Build Community Center Restaurant Destroyed By ’08 Turtle Bay Crane Collapse Wins Another Settlement Adam Leitman Bailey, P.C. Lands Largest Settlement in New York History for a Restaurant Opened Less Than Seven Months Panel Upholds Unsealing of Settlements in Crane Case Decision to Unseal East 51st Street Crane Collapse Settlements Appealed Appeals Court OKs Lifting Seal on Turtle Bay Crane Collapse Wrongful Death Settlements Fireman Drops Lawsuit Against Ground Zero ‘Mosque’ Ex-Firefighter Withdraws Appeal Bringing an End to the Ground Zero Mosque Saga Judge Lifts Seal on Documents in Crane Settlement Park51 Developer Still Does Not Have Funds to Build Community Center Ground Zero Mosque Wins in Court NY Judge Gives Ground Zero Mosquestrosity the Nod: Last Legal Challenge Removed, Protest Rally on 911 Firefighter Loses Bid to Halt Building of Islamic Center Judge Tosses Suit Against N.Y.C. Islamic Center Judge Rules Ex-Firefighter Cannot Sue Over Mosque Judge Dismisses Ex-Firefighter’s Case Against Ground Zero-Area Mosque Ground Zero Mosque Redux Justice Appears Reluctant to Upset Landmark Agency Ruling on Downtown Building Set for Islamic Center Fight on Islamic Center Flares Anew as Ex-Firefighter Takes His Case to Court Ground Zero Mosque Opponents Ask Judge to Overturn Landmarks Commission Ruling Ground Zero Mosque Lawsuit Ruling Condo Could Come Next Month, Judge Says Proposed Park51 Mosque Site Does Not Merit Landmark Status For Being Hit By Sept. 11 Debris: Lawyer New York Mosque Project Site Faces Legal Challenge 9/11 Firefighter Helps Forge Final Battle to Stop New York City ‘Ground Zero Mosque’ Firefighter’s Efforts to Block Park51 Thwarted Islamic Center Developers May Continue, Judge Says Public Enemy No. 1 for Developers Two years after crane collapse, East Side restaurant resurfaces Business & lives trashed after crane horror; no recovery or help in sight Crave Ceviche Bar still on the ropes Crane-Eatery Reprieve In an Accident, Some Fear a Real Estate Opportunity Crane Collapses on Manhattan’s East Side, Killing 4 Brown v NYC Landmarks Published Decision Squeri v. East 51st Street Development Timothy Brown against The New York City Landmarks Preservation Commission Bailey Affirmation Adam Leitman Bailey, P.C. Wins Right for Ground Zero Mosque to Build Community Center Judge Tosses Suit Against NYC Islamic Center

Adam Leitman Bailey, P.C.

NEW YORK REAL ESTATE ATTORNEYS