I acted as court appointed Receiver and Expert Witness for a property on Greenwich Avenue in Greenwich, Connecticut. The client won the case and was awarded three times damages.
Their 2007 tax assessment was too high according to Turkey Hill Associates, a 9 unit commercial building at 1240-1260 Post Road E. in Westport, CT. There was a limited window of time to appeal to the town’s Board of Assessment.
Commercial Property Case Study:: As receiver – renovated building to achieve positive cash returns.
Saved $32,000 in heating costs.
Heritage Square LLC, 1700 Post Road, Fairfield, CT, was losing money in their 32-tenant commercial shopping center. In 2000 the landlord ended up paying $7,728 of the tenant’s unbilled electric consumption. The bill was $32,199 but the tenants’ billing per their contracts only paid $24,471.