A rupture between two partners that own a trio of Manhattan rental apartment buildings has lead to a court-ordered sale of the properties that is expected to fetch more than $150 million. CBRE's Darcy Stacom, an investment sales broker who specializes in selling high-profile real estate assets, has been hired to market and sell the buildings. The properties, at 65 West 55th Street, 155 East 55th Street and 210 East 58th Street together have about 240 apartment units, about half of which are rent regulated. The buildings also have a total of about 100,000 square feet of office space, additional ground level retail stores, and parking facilities. In 2016, Alvin Dworman, a wealthy investor who owns properties in the city and in other markets across the country, including San Francisco, launched a lawsuit against his partners in the buildings, including a company called Carard Management that managed the buildings. Dworman, who is now in his 90s, alleged that Carard and its principals were … [Read more...] about Lawsuit forces sale of trio of Manhattan apartment buildings
Court ordered sale of property
China court bans sales of older iPhone models in Apple-Qualcomm global battle
By Stephen Nellis and Adam JourdanSAN FRANCISCO/SHANGHAI (Reuters) - A Chinese court has ordered a sales ban of some older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, though intellectual property lawyers said enforcement of the ban was likely still a distant threat.The case, brought by Qualcomm, is part of a global patent dispute between the two U.S. companies that includes dozens of lawsuits. It creates uncertainty over Apple's business in one of its biggest markets at a time when concerns over waning demand for new iPhones are battering its shares.Apple said on Monday that all of its phone models remained on sale in mainland China and that it had filed a request for reconsideration with the court, the first step in a long appeal process that could end up at China's Supreme Court. "It's incredibly unlikely, I'd say almost impossible (that Apple would have to stop sales)," said a Beijing-based IP lawyer who is not directly connected with the … [Read more...] about China court bans sales of older iPhone models in Apple-Qualcomm global battle
Court bans sale of several iPhone models in China
Ian King Bloomberg News Published 4:23 PM EST Dec 10, 2018 Qualcomm Inc. said it won a ruling in China against Apple Inc. that bans the sale of several iPhone models in that country. The Fuzhou Intermediate People’s Court ruled that Apple is infringing two Qualcomm patents and issued injunctions against the sale of the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone X, the San Diego, California-based chipmaker said in a statement Monday. The most recent models introduced in September, the iPhone XS, XR and XS Max, are not covered by the ban. The ruling could potentially affect iPhone sales in the world’s biggest market for smartphones, where the company generates about a fifth of its revenue, and comes at time when demand for Apple’s most important product is slowing. The two U.S. companies are locked in a worldwide dispute over licensing fees that Qualcomm charges for use of technology that the chipmaker says underpins … [Read more...] about Court bans sale of several iPhone models in China
Appeals Court Rules Sale Of Ooltewah Woman’s Home At Back Tax Sale Be Voided Because She Did Not Get Proper Notice
The Tennessee Court of Appeals has ruled that a woman whose Ooltewah home was sold at a back tax sale without her knowledge should get title to the house back. Chancellor Pam Fleenor had dismissed a suit filed by Linda Owens. However, the Appeals Court directed the chancellor to declare the sale of the property to Kenneth Stiner Sr. void. The Appeals Court said Ms. Owens never received proper notice from the county that her house was being sold for unpaid back taxes. Ms. Owens said the first she learned about the sale was when the new "owner" showed up at her house. He had bought the substantial house at 9210 Dexter Lane for $42,000. The Appeals Court noted that the county never sent a notice to 9210 Dexter Lane, but to other nearby addresses - mainly to a vacant lot. The Appeals Court said, "Turning to the record, it is undisputed that Ms. Owens never received personal service. She also never received service by mail because both mailed summonses were returned to the … [Read more...] about Appeals Court Rules Sale Of Ooltewah Woman’s Home At Back Tax Sale Be Voided Because She Did Not Get Proper Notice
Milwaukee pushes judge to order immediate sale of notorious central city landlord’s properties
Cary Spivak Milwaukee Journal Sentinel Published 10:00 p.m. UTC Aug 27, 2018 In a bid to force Elijah Mohammad Rashaed out of the Milwaukee central city rental business immediately, the city is asking a judge to cite the notorious landlord for contempt and order that officials sell his Milwaukee properties. Ordering the properties sold is the only solution that could end the never-ending battle between the city, which has been trying to force Rashaed out of the rental business here for more than a year, and the disgraced landlord, the city contends. "The court should expect similar future contemptuous behavior from Rashaed regardless of any order of the court," Kail Decker, assistant city attorney, wrote in a motion. "Any other conclusion would be based on hope in spite of past conduct." In addition, the court-appointed property manager who has been tasked with running the Rashaed operation since April is also asking that Rashaed be found in contempt. The manager is … [Read more...] about Milwaukee pushes judge to order immediate sale of notorious central city landlord’s properties