NYC Building Owner Tries To Recover $10M In Free Rent

Law360, New York (February 28, 2012, 5:19 PM EST) -- A Manhattan building owner's attorney asked a New York state appeals court Tuesday to allow it to try to recover $9.5 million in free rent it gave to a developer that failed to relaunch the property as an upscale eatery.

The building owner, Ceco Studios LLC, has operated the West 14th Street property in Manhattan's trendy Meatpacking District as a recording studio and sound stage for years, according to court documents. In 2007, it agreed to give a developer, C&D West 14th Street LLC, a 25-year,...
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