Courts roundup: Hello Living sues Arbor, Argentic sues Ashkenazy, more

Courts roundup for Monday, March 15: There were no real estate bankruptcies of note. There was one federal lawsuit of note and six state court lawsuits of note.

Please note: all initial court filings are the positions of the plaintiffs and are not necessarily accurate or complete.

Housing Rights Initiative sues 88 firms: The housing advocacy group Housing Rights Initiative sued 88 firms alleging they were not abiding by laws requiring real estate owners accept Section 8 and other vouchers. Housing Rights Initiative v Compass et al

Hello Living sues Arbor over $15M loan: Eli Karp of Hello Living claims defendant Maurice Kaufman is seeking to buy 2417 Albemarle Road, Brooklyn, which is subject to a $15 million mortgage, and Arbor, led by Kaufman’s father Ivan Kaufman, declared the loan in default last week. “Plaintiffs Hello Albemarle and Eli Karp seek a declaratory judgment declaring that the default notice dated March 11, 2021, which defendants Arbor Realty and Arbor Commercial sent to them, is null and void.” LINK

Argentic seeks $14.5M from Ben Ashkenazy, contractor, at 115 Seventh Avenue: “Lender had determined that, as of March 4, 2021, the Liquidated Overrun Amount was $14,537,187 and demanded that Guarantors pay such amount to Lender within five business days of the date of the letter.” The guarantors are Ashkenazy and Granite Companies, according to the complaint. Argentic loaned $46.2 million in 2017 to Ashkenazy’s firm. LINK

SitusAMC files pre-foreclosure on $6.9M loan: Situs AMC filed a commercial foreclosure suit against Meshulem Twersky for a $6.9 million loan secured by 701 Elton Avenue, Bronx. LINK

CNY Group claims Reading owes it $2.1M: CNY Group alleges Reading International owes it $2.1 million for work done on 44 Union Square East, from a contract with a total value of $61 million. LINK

$2M commercial foreclosure at 224 Bergen Street, Brooklyn: LINK

$525K commercial foreclosure at 689 Ralph Avenue, Brooklyn: LINK