By Attorney Popular Publications

Stephen B. Meister in the News

A $50 million B-piece originated by DekaBank was also purchased by SL Green, a source said.

A representative for CWCapital did not immediately respond to a request for comment. SL Green declined to comment. A representative for DekaBank said the transaction could not be verified due to the time difference with Germany.

Stephen Meister, who represents Ralph and David Sitt, said "Ralph enjoys an excellent relationship with SL Green and looks forward to resolving the matter."

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Attorneys Mentioned: Stephen B. Meister

America gets its first developer-in-chief
The Real Deal, January 20, 2017

TRD also caught up with Trion Real Estate Management’s’ Louis Pfaff, Ackman-Ziff broker Jason Meister and his father Stephen Meister, a former attorney for Trump. All three are proud supporters of the new POTUS.

“This was my guy,” Pfaff said with a smile. “The whole dynamic, it was definitely change.”

“No one but Trump could have awakened the sleeping giant,” said Stephen Meister on his way to Friday’s ceremony.

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Attorneys Mentioned: Stephen B. Meister

“It’s unfortunate that Mr. Naftali thinks that he will be able to avoid paying millions of dollars he rightfully owes Sigoura and Popkin by bringing this frivolous suit,” Stephen Meister, an attorney for the duo, told TRD on Wednesday. “We remain hopeful he’ll decide to do the right thing.”

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Attorneys Mentioned: Stephen B. Meister

But circumstances appear to have changed since then. “We’re hoping it [the exit] would be amicable, and we gave Mr. Naftali every opportunity to be amicable,” said Stephen Meister, attorney for Sigoura and Popkin. “But he is not being amicable and is not honoring his agreements.” Meister added that while Sigoura and Popkin worked at Naftali, they had been receiving a share of the profits. The complaint does not specify what projects Sigoura and Popkin believe they are owed money on.

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Attorneys Mentioned: Stephen B. Meister

The legal spat between Bill Ackman’s hedge fund Pershing Square Capital Management and special servicer CWCapital over the $5.3 billion sale of Stuyvesant Town-Peter Cooper Village is going into the next round.

In a letter supporting its motion to dismiss Pershing Square and Winthrop Realty Trust’s $500 million lawsuit, CWCapital’s attorneys called the suit “offensive,” “entirely out of bounds” and “glaring with legal deficiencies.” CWCapital also filed a motion on Thursday to recover its legal costs and “impose sanctions” on the plaintiffs and their attorney, Stephen Meister of Meister, Seelig and Fein.

Meister, in turn, dismissed the accusations. “(CWCapital’s attorney) Greg Cross admits every single allegation of my complaint and I believe not only is his motion entirely frivolous but I believe we will prevail,” he told The Real Deal.

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Attorneys Mentioned: Stephen B. Meister

“If you live in the Atelier, and you want to go to the pool in your own building in January, you have to put on boots and a parka and go outside onto 42nd Street and enter through a door on the street — a pool that was advertised as your own amenity,” Atelier lawyer Stephen Meister explained of the suit.

Atelier owners are seeking $100 million in punitive damages from Moinian, whose spokesman called the suit “without merit” and “baseless.”

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Attorneys Mentioned: Stephen B. Meister

Stephen Meister, their attorney, said that under Moinian's new plans, the wealthy residents of the Atelier who paid millions for their apartments will have to go out onto the sidewalk to access the health club while the Sky residents will have direct access from their building through a tunnel into the Atelier.

"Moinian is treating the Atelier owners as second class citizens by making them go out into the street to access to a pool in the basement of their own building," Meister said.

"They are being forced to wear boots instead of flipflops, down coats instead of bathrobes when they want to go for a swim in the middle of January. Meanwhile, the tenants in the Sky building are getting unfettered access to the Atelier building," he said.

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Attorneys Mentioned: Stephen B. Meister

“CWCapital breached its agreement with Pershing and Winthrop when it secretly foreclosed on the equity collateral,” the plaintiffs’ attorney Stephen Meister of Meister, Seelig & Fein LLP told The Real Deal. Pershing Square and Winthrop seek $500 million in damages “plus punitive damages or rescission of the (October 2010) agreement,” according to the suit.

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Attorneys Mentioned: Stephen B. Meister

Stephen Meister, an attorney who represents Ralph and David, dismissed the allegations as “nonsense.”

“Ralph is a good guy and he’s made hundreds of millions of dollars for his family, and he hasn’t diverted a dime,” Meister said. He added that it was the other way around: that Ralph did all the deals “and his brothers take credit for it.”

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Attorneys Mentioned: Stephen B. Meister

Ocean Grill Sues UWS Landlord for Forcing It to Shutter
Commercial Observer, December 22, 2015

“My client’s complaint speaks for itself,” Ocean Grill’s attorney Stephen Meister of Meister Seelig & Fein, told CO. “We intend to hold GTIS Partners accountable for their breach of the lease.”

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Attorneys Mentioned: Stephen B. Meister

Eddie sued the two bothers for $30 million in February, alleging they misappropriated funds from the family business and made unauthorized sales of properties.

Tuesday’s decision by New York State Supreme Court Judge Jeffrey Oing states that Eddie failed to show that Ralph was personally obligated to him.

Stephen Meister, an attorney for Ralph and David, said that "it is a shame when one brother sues another, especially over jealousy."

"Unsurprisingly, Eddie’s completely baseless suit was dismissed," Meister added. Joseph Lipari, Eddie’s attorney, declined to comment.

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Attorneys Mentioned: Stephen B. Meister

Kassin’s attorney Stephen Meister defended the suit's merits in a statement, saying, "NY law is clear: a party to a contract cannot prevent its performance. That’s what Lichtenstein did to the broker he hired — getting millions in the process — and why my client will prevail."

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Attorneys Mentioned: Stephen B. Meister

Obeid filed suit against his partners last year after they opted to sell the properties against his wishes. He claimed that the partners were trying to freeze him out.

Obeid’s attorney, Stephen Meister, said the bankruptcy maneuver was unnecessary and stemmed from the partners' "jealousy of Mr. Obeid’s success."

"This bankruptcy is ridiculous," he said.

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Attorneys Mentioned: Stephen B. Meister

Among possible bidders will be Gemini’s former president, William Obeid, who is suing both Mr. Massaro and their other co-founder, Christopher La Mack. The trio founded the real estate company in 2003. Each founder shared one-third interest in the company.

But in 2013, Mr. Obeid, who was the face of company and ran the successful hotel division, felt he should get more of the pie. After telling his co-founders how he felt, they removed him from the role as president of the company and “set out to destroy the hotel division,” according to Mr. Obeid’s lawyer Stephen Meister.

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Attorneys Mentioned: Stephen B. Meister

Isaac Chetrit and Jacob Aini won a bid Monday to buy a 14-story Midtown office building for $43 million at a bankruptcy auction, The Real Deal has learned.

The bidding for the 63,000-square-foot vacant property at 315 West 35th Street began at $25 million. Investor Frank Ng was the only other bidder, putting in an offer of $42.25 million.

Chetrit and Aini plan to close on the purchase in the next two weeks and subsequently convert the property into high-end residential condominiums, said Chetrit’s attorney Stephen Meister.

The total debt on the building is about $29 million, and the buyers will also pay $14 million in cash, Meister added.

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Attorneys Mentioned: Stephen B. Meister

Deutsch did not respond to a request for comment. Lincoln’s lawyer Stephen Meister said Deutsch’s suit was frivolous.

“In an attempt to extort a multi-million dollar hold-up payment… Astoria Equities and its principal Isaac Deutsch refused to close on a binding sale contract, and have brought a 27-count ‘kitchen-sink’ complaint in the Queens County Supreme Court,” Meister said. He plans to file response papers tomorrow.

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Attorneys Mentioned: Stephen B. Meister

If Heron and the other owners are victorious, it could put a kink in a plan launched during the Bloomberg administration to build as many as 1,000 units of affordable housing and retail on three blocks in the neighborhood as part of the $700 million East Harlem Media, Entertainment and Cultural Center. If the city wins the right to condemn the other four parcels, it leaves open the opportunity to acquire Heron’s parcel, with about 62,724 square feet of development rights.

Heron is concerned about the four other properties because of the city’s assertion that once the first stage of acquisitions of properties commenced, it could have up to 10 years to take other land. That, Heron argues, places a “cloud” over the land. The owners say the city’s last day to launch condemnation proceedings was in October 2013, while the city put the last date in February 2014.

“The purpose behind the three-year limitation period is to prevent the city from indefinitely casting a cloud over the targeted private property,” Heron’s attorney Stephen Meister, a partner with the law firm Meister Seelig & Fein, said in an email to The Real Deal.

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Attorneys Mentioned: Stephen B. Meister

Last month, U.S. Supreme Court Chief Justice John Roberts handed down the long-awaited decision assessing the constitutionality of the Patient Protection and Affordable Care Act (ACA).1 In theory, it curtailed federal power under the Commerce Clause while simultaneously declaring the "Individual Mandate" a constitutional exercise of Congress' power to tax.2 The court also struck down as an impermissibly coercive use of the Spending Power ACA's withholding of all Medicaid grants to states that refuse to adopt its vast expansion of Medicaid....

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Attorneys Mentioned: Stephen B. Meister

The Stop-and-Frisk Ruling
WOR Radio, August 25, 2013

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Attorneys Mentioned: Stephen B. Meister

Opponents to the plan to raise $1 billion for a REIT comprised of King Kong’s favorite building and 20 others claim their shares are each worth more than $300,000.

Stephen Meister, counsel to the opponents, said, "I think it’s coercive. If you hold something that’s worth $300,000 or $400,000 and someone said to you unless you vote yes to this plan, I’m going to confiscate your interest for $100, which way are you going to vote?"

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Attorneys Mentioned: Stephen B. Meister

Investors last year filed five class actions, or group lawsuits, accusing the company and Malkin of breaching their fiduciary duty. The trust announced a $55 million settlement of the cases in November.

Sherwood gave preliminary approval to the settlement in February and denied a motion by Andrew Penson, owner of Manhattan’s Grand Central Terminal, and the other investors opposing the deal to intervene in the case.

Sherwood did allow them to argue their claim that the $100 buyout provision is illegal. A final hearing on the settlement is set for tomorrow.

Stephen Meister, an attorney for the opponents, said yesterday he would seek a stay of the proceedings. He declined to comment today on when that would be.

The Malkins said last month they would leave voting open until Sherwood rules on the $100-a-share buyout or until tomorrow’s hearing on the class-action settlement.

Opponents can avoid being bought out if they change their vote to "yes" within 10 days after receiving written notice that the 80 percent approval has been achieved, a time frame Meister called "impermissibly short."

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Attorneys Mentioned: Stephen B. Meister

New York, New York, December 10, 2012 – Stephen B. Meister, a partner at Meister Seelig & Fein LLP, was recently a featured speaker at the 2012 Real Estate Symposium sponsored by the Paul Milstein Center For Real Estate and the Real Estate Circle of Columbia Business School.

Meister, who divides his national practice into two major areas: high profile litigations which are frequently related to real estate, and large complex real estate transactions, spoke at a Symposium panel which focused on the topic of special servicing in the distressed real estate sector. The Symposium took place on December 4, 2012 at Faculty House at Columbia University.

The session which featured Meister -- entitled “Special Servicing – 360 Degrees” -- was moderated by Darrell Wheeler of Amherst Securities Group, and, in addition to Meister, included co-panelists Regina Lubin of CW Capital and Robert Lieber of Island Capital Group.

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Attorneys Mentioned: Stephen B. Meister

Billionaire Bet
Fox Business News - Money with Melissa Francis, November 08, 2012
MSF Partner Stephen Meister on Fox Business' Money with Melissa Francis to discuss Warren Buffett's latest real estate investment.

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Attorneys Mentioned: Stephen B. Meister

Short Sales In Trouble
Kudlow Report, CNBC, October 01, 2012
Partner Stephen Meister interviewed on the Kudlow Report segment, "Short Sales in Trouble."

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Attorneys Mentioned: Stephen B. Meister

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