Page 11 - Nir Meir News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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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 about $40 million. YH Lex Estates tried but failed to stop the sale, which closed in early April. But...

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. Feldman's business was even sued by the owner of a storage facility he used over unpaid bills. When the owner, Nir Shuminer, threaten...

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 above his means” on HFZ’s dime and seeks $43 million in damages. Meir’s attorney described the a...

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 memorabilia and antiques, after HFZ fell behind on its payments. At one point an HFZ representative eve...