In the complaint, Abahramis lawyers accuse Feldman and Meir of fraud and intentional misrepresentation in connection with the loan. More than asuccess model, it is proof that HFZs project involvement doesnt end once the last residence is sold. This month, HFZ lost a portfolio of 12 last-mile warehouse properties in a UCC foreclosure auction. The source told TRD that the complaint contains additional allegations, and that James office had already been investigating HFZ prior to this complaint. EisnerAmper is the brand name under which EisnerAmper LLP and Eisner Advisory Group LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Meir allegedly used his position as managing partner at the now embattled firm and his control of its finances to divert money to his own pockets. Investor Stage Seed. Ziel Feldman, Hfz Capital Group: Profile and Biography HFZ's Ziel Feldman Lashes Out in Wild Complaint - The Real Deal New York 2023 Eisner Advisory Group LLC. The property Feldman unloaded, at 187 Dune Road in Bridgehampton, last sold in 2000 for $4.35 million. Representatives for Feldman and Meir did not immediately respond to requests for comment. If you're not automatically redirected, please click here. The complaint names Feldman and his former partner Nir Mier, along with HFZ lenders JPMorgan Chase and CIM Group, according to the source. Firmly established but resolutely pioneering . Feldman and his wife, Helene, are personally on the hook for many loans tied to HFZs projects. million verified professionals across 35 million companies. Feldman founded HFZ in 2005, focusing on converting pre-war Manhattan rental buildings into high-end condominiums. With his signature project slipping from his control, HFZ Capital Groups Ziel Feldman is slinging some mud. That would be a violation of the states broad-reaching anti-fraud Martin Act covering the sale of securities or, in the case of real estate, condos and co-ops. In 2018 he paid more than $40 million for a downtown Manhattan penthouse at 160 Leroy Street, a record price for below 14th Street. Three of the most prolific condo developers in New York got their start together at Property Markets Group, which Feldman, a Queens-born former real estate lawyer, co-founded with banker Kevin Maloney in 1991. Moreover, the Brazilian mining giant Vale alleges that Israeli diamond magnate Beny Steinmetz illegally stashed money in 13 HFZ projects. HFZ is one of New Yorks most prolific condo developers, with projects like the $2 billion XI development on the High Line in West Chelsea and the conversion of several pre-war apartment buildings into condos, including the famed Belnord apartments on the Upper West Side. Nir Meir and HFZ's Ziel Feldman. HFZ Capital Group Chairman and Founder Ziel Feldman sat down with EisnerAmper Real Estate Services Group Partner Lisa Knee to discuss the origins of HFZ, one of the most prolific condominium developers in New York City. Childrens could have plenty of reasons for wanting another developer. He said Meir has paid more than $10 million in recent months to satisfy HFZ creditors. Ziel Feldman Owner. It has seven bedrooms, four bathrooms and a pool. 1 propertymg.com; 3 917609XXXX; 201816XXXX; 212610XXXX; View Similar Profiles. Feldman once bragged to, With allegations of intermingling of funds, HFZ might be reluctant to declare bankruptcy. See Ziel Feldman's compensation, career history, education, & memberships. The plan was to convert the buildings 88-90 Lexington, the Astor at 235 West 75th Street and 301 West 53rd Street to condos. Europe, Menlo Park, China), Where the person is located (e.g. By Vivian Marino. Just saw the notices not good, Meir replied minutes later. "When the market crashed, I started seeing opportunity," Feldman told Crain's in 2013. During the upheaval at the firm, Feldmans former business partner, Nir Meir, abruptly departed the firm, and one of HFZs lenders was seeking to oust Meir from his Hamptons home. E-commerce retailer Michael Rubin is the buyer of a $50 million Hamptons mansion sold last month by HFZ Capital Group's Ziel Feldman. Feldman is soft-spoken and measured, and practices transcendental meditation. Recent projects range from the citys most prominent turn of the century landmarksThe Chatsworth and The Belnordto the future of urban architecture, The Eleventh and The Bryant. In December, a judge halted the foreclosure sale. In the new filing, Feldman pulls out all the stops to blame Nir for HFZs collapse. Hes a smart guy.. As adeveloper and adesign connoisseur with apersonal and professional connection to New York, Ziel Feldman is committed to positively evolving the culture of the city for posterity.

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