Time Warner Condo Board Wins Rare First Refusal Case

Law360, New York (March 4, 2014, 5:26 PM EST) -- A New York state judge last week ruled in favor of the condominium board at Time Warner Center's South Tower in a dispute over its decision to exercise its right of first refusal in the sale of a condo unit in what is ostensibly the first such order to explicitly uphold this right.

Unit owner Donald Netter sought to sell his condo on the market but allegedly rejected a $7.8 million bid from his neighbor Jacob Wohlstadter, who planned to combine the two apartments, in favor...
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