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- Condemnation Law: Carter Ledyard Wins Affirmance of Valuation Decision: Queens West Project
Condemnation Law: Carter Ledyard Wins Affirmance of Valuation Decision: Queens West Project
Carter Ledyard, acting as Special Condemnation Counsel to The City of New York, working with attorneys from the Corporation Counsel’s Office, won a unanimous affirmance from the NY Appellate Division of a trial court decision valuing a property acquired by eminent domain for the Queens West Development Project in Long Island City at $18.1 million. The property is located near the Pepsi-Cola sign on the East River and was formerly used as a tennis club. The case turned on whether high-rise residential development at the property would have been financially feasible, in the absence of the redevelopment project which led to its acquisition. The former property owner asserted that it would, and their appraiser valued the property at $85 million, if used for that purpose. Although, a decade after the taking and with the benefit of government intervention, the area had become a desirable location for residential development, at the time of the taking, the area was heavily industrial and was significantly lacking in infrastructure and amenities. The City was able to challenge successfully the very aggressive assumptions underlying the claimant’s feasibility analysis and persuade the trial and appellate courts that residential development was not feasible at that time.
Partners John R. Casolaro and Mark R. Zancolli, Counsel Lee A. Ohliger, and Associate Michael H. Bauscher, acting as co-counsel with Assistant Corporation Counsel Joseph Bavuso and James Hicks of the New York City Law Department, represented the City in this matter.
Client Advisory: Mark Zancolli, Tom Davis, Jack Griem and Matt James discuss claims for losses resulting from social engineering fraud involving email "spoofing" scams.
Topics of discussion included best practices to avoid becoming a cybercrime victim, the motives of cyber criminals and how they operate, and the role of cybersecurity forensics.
The OTC Markets Group provides price and liquidity information for roughly 10,000 over-the-counter securities.
Jack Griem, Tom Davis and Brielle Kilmartin discuss cyber intrusions against public companies, the typical targets of a cyber scam, and the importance of improving internal controls and employee training.
The 1st Department Appellate Division upheld a Supreme Court decision to ban single-use Styrofoam containers in food service establishments in New York City. NRDC, a pro-bono client represented by Steve Kass and Karen Meara,…
Steve participated in the Annual Meeting of the American College of Environmental Lawyers in Jackson Hole, Wyoming to review environmental law developments.
A London-based co-living developer closed on the purchase of a $55 million dollar development site in Bushwick, Brooklyn. Land Use counsel was provided by Paul Proulx.
Michael served on a panel hosted by Wilmington Trust designed to provide T&E professionals current information and trends impacting the T&E practice today.
Judge Alison J. Nathan adopted a report that determined that the iconic artwork, "The Mechanism of Meaning" by Shusaku Arakawa, and associated intellectual property rights, must be litigated in the New York Surrogate’s…
Carter Ledyard client Munro Investment Group Pty Ltd. saw the oppositions of two trademark applications dismissed by a panel of three Administrative Law Judges of the Trademark Trial and Appeal Board.
The M&A Advisor's Emerging Leaders Awards recognize individuals under the age of 40 who have achieved significant success in the M&A industry.
Designed to showcase those exhibiting excellence in the practice of law, Super Lawyers® named forty Carter Ledyard attorneys to this year's list.
Fifteen attorneys across ten practice areas were named by Best Lawyers in their annual The Best Lawyers in America® rankings.
Jeff Boxer spoke with the New York Law Journal about the quality of services provided by a mid-sized law firm like Carter Ledyard.
Ms. Wallace has been a partner at CLM since 2017 and practices Art Law, Environmental Law and Litigation.