The Village is being ordered to pay almost $8 million for taking a landowner’s property through the process of eminent domain. An appeals court in Brooklyn ordered payment be made to AAA Electricians, Inc. for condemnation of its property for a revitalization project. The village determined the property’s value at $2.5 million. The property owner countered that the property was worth substantially more. Read more.
East Hampton Town officials held off on plans to seize part of Amagansett beach. Michael Rikon comments on the case.
The Owners’ Counsel of America invited partner Mike Rikon to speak at the 13th Annual Brigham-Kanner Property Rights Conference at The Peace Palace in The Hague, The Netherlands, October 19–21 2016, sponsored by William & Mary Law School. He will participate on a panel exploring the property rights decisions of international courts.
“International agreements have broad implications for property ownership and trade. “In treaties and other international agreements, property is not limited to real property and tangible commodities but includes intellectual rights and any other right which has value.”
One of the government’s most feared powers examined. Michael Rikon comments on the history of the Atlantic Yards area.
To build west side bus terminal, Port Authority may have to seize private property.
Read story in Crains New York Business.
Crain's New York Business
June 12, 2015
Goldstein, Rikon, Rikon & Houghton’s representation of the Town of East Hampton in the case disputing ownership of the beachfront was mentioned in the East Hampton Star.
November 21, 2014
A real estate developer represented by partner Michael Rikon was upheld in his claim against the MTA, but delays should have increased the size of the award.
November 20, 2014
Michael Rikon contacted officials of the village of Haverstraw, who owe AAA Electricians more than $6.2 million, including the additional payment for the property, accumulated interest and legal costs, following an eminent domain case handled by the firm.