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The Massachusetts Supreme Judicial Court (SJC) recently ruled that a limitation-of-liability provision provides no protection for defendants who willfully or knowingly engage in unfair.
In a case of first impression, on January 24, 2022, the Supreme Judicial Court of Massachusetts issued an opinion in H1 Lincoln, Inc. v. South Washington Street LLC holding that.
The Massachusetts Supreme Judicial Court on January 24 issued an important decision impacting commercial landlords’ potential exposure to liability for multiple damages under Chapter.
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117 Northeast First Avenue (Getty, Gut Miami via Twitter)
UPDATED, Jan. 26, 2:15 p.m.: The owners of a historic downtown Miami office building that is fully leased to WeWork are facing a foreclosure lawsuit.
Platform Capital Funding sued the owners of the Security Building, tied to an outstanding loan. The lender is seeking more than $46 million, including principal, interest, late fees and a deposit from a failed sale of the building, according to court records. The complaint was filed against Security Building AR Owner, Andrew Joblon, Richard Weisfisch, Arash Gohari and Daniel Gohari.
WeWork is not named in the suit, but it is the sole tenant of the 15-story building at 117 Northeast First Avenue. Security Building AR Owner, led by Weisfisch, paid $23.5 million for the property in 2015, converted it from residential condos back to office space, and secured WeWork as the main tenant.