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== External links ==
== External links ==
*[http://www.alblawfirm.com/ Law firm website]
*[http://www.alblawfirm.com/ Law firm website]
*[http://www.lawcrossing.com/article/900008725/Adam-Leitman-Bailey-is-One-of-New-Yorks-Best-Real-Estate-Attorneys/ Adam Leitman Bailey is One of New York’s Best Real Estate Attorneys]



{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. -->
{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. -->

Revision as of 22:12, 8 May 2013

Adam Leitman Bailey
Adam Leitman Bailey
Born (1970-04-27) April 27, 1970 (age 54)[1]
Bayside, Queens[1]
Alma materRutgers University
Syracuse University College of Law (J.D.)
OccupationAttorney
Websitewww.alblawfirm.com

Adam Leitman Bailey is a lawyer based in New York City who practices residential and commercial real estate law as founder of Adam Leitman Bailey, P.C. He has engaged in several notable legal cases.[1][2][3][4] The Martindale-Hubbell peer review system gave Bailey an AV rating, its highest category.[5]

Background

Bailey was born in Bayside, Queens.[1] His grandfather was a taxi driver in New York City.[6] He moved to California at age five and later moved back to New Milford, New Jersey, where he graduated from New Milford High School.[7] He graduated with honors from Rutgers University and Syracuse University College of Law.[8]

Save Harlem

In 2008, Bailey formed a non-profit entity known as "Save Harlem" to challenge certain zoning changes being proposed by the City of New York, and to serve as lead plaintiff in a challenge to the proposed demolition of a two-story building at 125th Street and Frederick Douglass Boulevard, and the development of the site as a shopping center.[1][6][9] Bailey proposed legislation that would prevent the demolition. Early in 2008, Save Harlem, along with several building tenants (forming a group known as the Coalition to Save Harlem) sued, eventually setting for more than $1 million and gaining the right of the tenants to remain in the building.[10]

Park51 Islamic community center

Park51 was a planned Muslim community center located near the site of the World Trade Center. Timothy Brown, a former firefighter, sued to prevent construction of the community center so close to the site of the September 11 attacks.[11] Bailey represented the community center on a pro bono basis, and in July 2011 the New York Supreme Court held that Park51 would be permitted to build its proposed center.

Trump Soho

Trump SoHo New York[12] is a $450 million 46-story 391-unit hotel condominium in SoHo, New York City. In February 2011, several prospective buyers of condominiums in the building, including French soccer star Olivier Dacourt, sued the developers in federal court, claiming that they had been tricked into buying the condos by the "deceptive" sales figures, and that the number of apartments sold at Trump Soho had been "fraudulently misrepresented." The plaintiffs were represented by Bailey. Ultimately the suit was settled, with plaintiffs recovering a "staggering" 90 per cent of their deposits.[13] Bailey said of the settlement, "We are not superheros – we simply got Trump SoHo to do the right thing in a very difficult case."[13]

Before the settlement, the Wall Street Journal reported that the owners of Trump SoHo were offering buyers partial refunds on their deposits if they agreed not to participate in the plaintiffs' lawsuit.[14]

Interstate Land Sales Full Disclosure Act of 1968 (ILSA) cases

A Greek shipping executive and his wife, represented by Bailey, attempted to take back their deposit and refuse to close on a $3.5 million condominium due to the downturn in the real estate market.[15] The plaintiffs argued that the building did not meet the requirements of the Interstate Land Sales Full Disclosure Act of 1968.[4][15] The plaintiffs prevailed following trial in U.S. District Court, with the judge ordering return of the couple's deposit plus interest, but the decision was overturned by the United States Court of Appeals, Second Circuit, on December 19, 2012. On appeal, the United States government argued on behalf of the developer.[16][17] [18]

Bailey employed the same theory in representing purchasers in Sky View Parc, a $1 billion condominium complex in Queens, where he won the largest residential condominium settlement in New York history.[19][20] The condominium was ordered to refund 75 per cent of the $5 million in down payments to the buyers who ended up backing out of the $50 million project.[21]

Author

In 2011, Bailey wrote the New York Times best seller Finding The Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home for the Lowest Possible Price.[22]

References

  1. ^ a b c d e Taylor, Candace (June 1, 2010). "Public Enemy No. 1 for Developers". The Real Deal. Retrieved July 19, 2011.
  2. ^ Walker, Joe (October 23, 2009). "State Accord Bans Sales of Homes By Developer". The New York Times. Retrieved July 19, 2011.
  3. ^ Grey, Liana (August 1, 2012). "Lawyer not to be judged by his cover". Real Estate Weekly. Retrieved September 10, 2012.
  4. ^ a b Geiger, Daniel (August 8, 2012). "The 15 Most Fascinating New York Real Estate Cases of the 21st Century". Commercial Observer. Retrieved September 10, 2012.
  5. ^ "Adam Leitman Bailey Lawyer Profile". Martindale.com. December 23, 2009. Retrieved January 19, 2013.
  6. ^ a b "Should All of 125th Street Be Declared Historic?". The New York Times. February 21, 2008. Archived from the original on June 24, 2011. Retrieved July 19, 2011. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  7. ^ "New Milford Distinguished Alumni". Retrieved July 19, 2011.
  8. ^ "Syracuse University College of Law". Retrieved July 19, 2011.
  9. ^ Maria Luisa Tucker (December 4, 2007). "Zoned Out - Page 1 - News - New York". Village Voice. Retrieved January 19, 2013.
  10. ^ Elkies, Laurie (July 3, 2008). "Harlem Businesses Settle Suit Against Kimco". The Real Deal. Retrieved July 19, 2011.
  11. ^ Moynihan, Colin (March 15, 2011). "Fight on Islamic Center Flares Anew as Ex-Firefighter Take His Case to Court". The New York Times. Retrieved July 19, 2011.
  12. ^ Kaysen, Ronda (June 6, 2006), "Trump fires up new plan for Hudson Square hotel", The Villager
  13. ^ a b Cuozzo, Steve (November 3, 2011), "Occupy Spring St.: Trump SoHo to give 90% refunds on deposits", The New York Post
  14. ^ Karmin, Craig (November 17, 2010), "Trump Project Refunds Money", Wall Street Journal, retrieved January 11, 2011
  15. ^ a b Haughney, Christine (October 20, 2010). "After Bust, Using '60's Law to Get Out of Condo Deals". The New York Times. Retrieved July 19, 2011.
  16. ^ Barbanel, Josh (September 23, 2010). "Buyer's Remorse Gets Lift". The Wall Street Journal. Retrieved July 19, 2011.
  17. ^ Weiss, Debra Cassens (23). "Condo Deposit Decision Could Chill Condo Development Nationwide, Lawyers Say". American Bar Association Journal. Retrieved July 19, 2011. {{cite journal}}: Check date values in: |date= and |year= / |date= mismatch (help); Unknown parameter |month= ignored (help)
  18. ^ Raymond, Nate. "2nd Circuit says developer does not have to refund deposit". Retrieved February 12, 2013.
  19. ^ "Settlement sees 75 percent refunds for Sky View Parc buyers". Therealdeal.com. June 30, 2011. Retrieved January 19, 2013.
  20. ^ Barbanel, Josh (November 16, 2010). "Buyers Balk, Claiming No Loans". The Wall Street Journal. Retrieved July 19, 2011.
  21. ^ Cuozzo, Steve (July 10, 2011). "Condo Can't Do". The New York Post. Retrieved July 19, 2011.
  22. ^ "Paperback Business Best Sellers". The New York Times. May 1, 2011. Retrieved July 19, 2011.


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