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Association vows to appeal Colony court ruling; plaintiff speaks out

Association vows to appeal Colony court ruling; plaintiff speaks out

“It was our home away from home. It was great until things got out of control.”

May 26, 2015 | Posted in Major Headlines, Top Box | Read More »

As Colony saga drones on, principal parties speak out

As Colony saga drones on, principal parties speak out

Court battles, appeals and eventually consolidation mark the future of the waterfront property that has lay dormant for five years.

January 12, 2015 | Posted in Business, Major Headlines, Top Box | Read More »

Town Attorney says Colony ownership issues years from resolution

Town Attorney says Colony ownership issues years from resolution

The Town Attorney’s office compiled a complete overview of all of the ongoing Colony litigation, bankruptcy and foreclosure proceedings. The Town Attorney said it is difficult to speculate on what will happen next or when all of the litigation will be resolved as the various parties in these actions have clearly diverging objectives and litigation strategies.

October 5, 2014 | Posted in Business, Major Headlines, Real Estate, Top Box | Read More »

The Colony: Where King Lear spent his final night

The Colony: Where King Lear spent his final night

When I have grandchildren, I will sit and tell them about this man named Klauber and what he did and how the world he created unraveled. It will be an epic story with a few boring legal interludes and asides that will threaten to put them to sleep. And when it comes close to the finale, they will look up and say, “What happened next grandpa?”

September 6, 2014 | Posted in Opinion, Stephen Reid | Read More »

Why did Colony unit owners fail to bid? Jay Yablon explains…

Why did Colony unit owners fail to bid? Jay Yablon explains…

‘One thing I learned about developers in the past three years is a whole bunch of these guys run around saying they have money…’

June 29, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony trustee considers sale of assets; legal landscape shifting

Colony trustee considers sale of assets; legal landscape shifting

William Maloney is considering an offer to sell the estate, including the $23 million ruling against the Colony unit owners, to Unicorp President Chuck Whittall.

May 4, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony rat response: there are none

Colony rat response: there are none

There is no rodent problem at The Colony Beach and Tennis Resort, just a series of misconceptions and misunderstandings, according to Association of Unit Owners President Jay Yablon.

April 7, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony Lender prevails in Court; Unit Owners’ reorganization plan denied

Colony Lender prevails in Court; Unit Owners’ reorganization plan denied

Judge says ‘No’ to Colony Unit Owners’ reorganization plan. Foreclosure sale can go forward.

February 27, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony closing arguments loom

Colony closing arguments loom

Judge May said in court last week that while he does have concerns regarding the settlement plan, he believes there are “elements of a deal.”

December 1, 2013 | Posted in Major Headlines, Top Box | Read More »

Case for Colony settlement challenged in Federal Court

Case for Colony settlement challenged in Federal Court

Part of the Association’s global settlement that they are asking Judge May to approve is the ‘cramming down’ of the $15 million owed to Colony Lender and conveyance of their collateral to the group of owners.

November 25, 2013 | Posted in Major Headlines, Top Box | Read More »