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HFZ had purchased the four-building parcel, totaling nearly 750 rental units, from Westbrook Partners in 2013 for $610 million. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Former Westchester home of KKR co-founder list for $11M, The texts are now evidence in a legal battle as HFZ the prolific developer Meir launched 15 years ago with co-founder and chair Ziel Feldman fights CIMs efforts to foreclose on the debt. HFZ declined to comment on those allegations. UPDATED, April 15, 2021, 8:24 p.m.: HFZ Capital Group's Ziel Feldman says his former partner Nir Meir used their development firm's bank account as a "personal piggy-bank" to bankroll his . Representatives for Feldman and Meir did not immediately respond to requests for comment. I think people have short memories on this stuff, said Kearns. In the new filing, Feldman pulls out all the stops to blame Nir for HFZs collapse. But in an affidavit filed Wednesday, lawyers for Meir opposed the request. This time around, Feldman hoped to convert the units into condos designed by Robert A.M. Stern and to sell them for $1.35 billion. Firmly established but resolutely pioneering . HFZ-Reich will acquire additional properties throughout the US and leverage its vertical integration to serve as asingle solution to purchase facilities in as-is condition and repurposing industrial sites for future use and employment. Ziel Feldman - HFZ Capital Group Part 1. Meirs own Hamptons mansion is just five miles down the beach. 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. Meir was a managing principal at HFZ until December. The lawsuit also noted that Meir was terminated when the extent of his malfeasance for his personal benefit came to light. He also owns a palatial waterfront home in the Hamptons on Dune Road. Our Personal Tax Guide highlights tax planning ideas that may help you minimize your tax liability. Ziel Feldman - HFZ Capital Group Part 4 - eisneramper.com Last month, the company did a round of layoffs, with many of the cuts happening on the construction team and in the corporate office. The lender informed HFZ it was in default. The venture was seeded with an existing portfolio of properties totaling over 5million square feet and featuring amix of manufacturing, warehouse, distribution, and flex office space as well as significant additional land and development rights.