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.
In the News
Haverstraw Unveils Waterfront Development Plan
The village wants to transform a vacant nine-plus acre plot of land on the Hudson River into a mixed-use destination. Read more.
Michael Rikon Quoted in East Hampton Beach Condemnation
East Hampton Town officials held off on plans to seize part of Amagansett beach. Michael Rikon comments on the case.
International Property Rights Conference Invites Partner Michael Rikon to Speak in The Netherlands
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.”
Michael Rikon Quoted in City Realty
One of the government’s most feared powers examined. Michael Rikon comments on the history of the Atlantic Yards area.
Michael Rikon Quoted in Crain’s New York Port Authority story
To build west side bus terminal, Port Authority may have to seize private property.
Read story in Crains New York Business.
East Hampton homeowners move to reclaim popular beach
GRRH Representation Mentioned in the East Hampton Star
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.
Michael Rikon client upheld in claim against MTA in expansion of Southeast train station
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.
GRR&H Gains Filing Extension on Atlantic Yards Property Transfer
Michael Rikon was granted an extension on a deadline for owners at 700-714 Atlantic Avenue and 718-728 Atlantic Avenue to file for just compensation, in an eminent domain petition. It was filed by Empire State Development, the corporation presiding over Pacific Park (formerly known as the Atlantic Yards). Judge Wayne Saitta pushed back to two years a deadline that had been only 120 days away.