Page 6 - Nir Meir News Today

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By the time the lender sued HFZ, Feldman, and Meir in November, the developer was already in financial ruin. A month later, Meir left the company and HFZ was facing foreclosures, liens and allegations of wrongdoing from subcontractors. Making lender YH Lex Estates even more nervous, Feldman and Meir were selling off their personal residences — assets that could be used to satisfy the guarantees on HFZ’s loans. The Southampton estate Meir was unloading, built in 2017, had been appraised at a...

HFZ and Feldman have fielded several lawsuits of their own from frustrated business partners claiming they were owed money.  There are rumors of developers looking to take over a struggling $2 billion condo project dubbed the XI, where one of the investors sued HFZ for about $10 million that it claims the company was supposed to distribute to  but instead kept for itself. The CIM Group has also foreclosed on and taken over four of HFZ’s condo buildings. Feldmans business was even sued b...

HFZ founder Ziel Feldman and Nir Meir (iStock, HFZ/Illustration by Kevin Rebong for The Real Deal) UPDATED, April 7, 2021, 6:00 p.m.: HFZ Capital Group’s Ziel Feldman says his former partner Nir Meir used their development firm’s bank account as a “personal piggy-bank” to bankroll his lavish lifestyle. HFZ accused Meir of stealing $15 million via fraudulent credit card reimbursements and wire transfers, in a lawsuit filed April 6 in Suffolk County. The suit claimed Meir lived “well ab...

Photo illustration of HFZ chairman Ziel Feldman (Getty, iStock/Illustration by Kevin Rebong for The Real Deal) HFZ Capital Group seems to have a million problems. With the once prolific developer battling lawsuits and contractors’ liens as it clings to its Manhattan condo buildings, its travails seem fit for an HBO drama. But the latest episode is more like a plot from A&E’s “Storage Wars.” A storage company tried to auction off two HFZ tenants’ storage units, which include sports mem...

450 West 31st Street, New York, NY 10001 Phone: 212-260-1332 We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. click hereOk, Got it Privacy & Cookies Policy Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities o...

450 West 31st Street, New York, NY 10001 Phone: 212-260-1332 We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. click hereOk, Got it Privacy & Cookies Policy Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities o...

450 West 31st Street, New York, NY 10001 Phone: 212-260-1332 We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. click hereOk, Got it Privacy & Cookies Policy Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities o...

Javascript is disabled in your web browser. For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page. HFZ’s Ziel Feldman sells Hamptons home for $50M Property at 187 Dune Road traded in off-market deal Tri-State / Ziel Feldman and 187 Dune Road (Getty, Google Maps) UPDATED Jan. 8, 8:40 am: Embattled HFZ Capital Group founder Ziel Feldman has sold his Hamptons mansion for $50 million, The Real Deal has learned. A source ...

HFZ Capital Group's lender at the XI alleges the developer owes $160M in interest at the luxury tower.