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Colony appeals filed

Colony appeals filed

Unicorp argues that the Association Board plans to hold a meeting to “ram through a proposal” that is not legal.

September 27, 2015 | Posted in Major Headlines, Top Box | Read More »

Judge blesses Unit Owners’ offer; Klauber to be paid $350,000 cash

Judge blesses Unit Owners’ offer; Klauber to be paid $350,000 cash

The Association said it would wire $3.1 million immediately with a separate agreement to give Klauber the $350,000 in cash. The money for The Association was being funded by Andy Adams as a loan to be paid back by Unit Owners.

September 5, 2015 | Posted in Major Headlines, Real Estate, Top Box | Read More »

Judge denies unit owners as Colony asset sale looms

Judge denies unit owners as Colony asset sale looms

‘I may be sympathetic to Unit Owners but I’m not here to protect them. This is a business decision and I don’t see any evidence of bad faith by Unicorp and I believe they are a qualified buyer.’ — U.S. Bankruptcy Court Judge Rodney May

August 29, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony owners suffer blow in court

Colony owners suffer blow in court

Judge May said the agreement between Unicorp and the Estate is the strongest and unless it is superseded by the Association or another party on Aug. 28, it will be approved.

August 24, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony auction date inches closer

Colony auction date inches closer

Judge May agrees to move forward with the sale of the Chapter 7 estate that holds a $23 million judgement against the Colony unit owners.

June 23, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony Trustee asks Bankruptcy court for June 26 sale of $23 million judgment

Colony Trustee asks Bankruptcy court for June 26 sale of $23 million judgment

The Trustee argues to the Judge that all efforts to arrive at a ‘global settlement’ with the Association of Unit Owners has failed. The Trustee added that there are no ongoing operations at The Colony and after four years of litigation, “The Trustee believes it is time to efficiently monetize the assets of his estate.”

June 9, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony Lender faces court sanctions, vows appeal

Colony Lender faces court sanctions, vows appeal

‘I cringe every time I have to write another assessment check to pay largely for legal fees and insurance with seemingly no end in sight.’

March 16, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony heads back to court

Colony heads back to court

Bankruptcy Judge Rodney May faces several key arguments and decisions this Tuesday that could alter the ongoing Colony Resort ownership battle.

March 16, 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 »

Colony Lender demands $5 million from unit owners; Yablon fires back

Colony Lender demands $5 million from unit owners; Yablon fires back

Colony Lender sent a demand letter to each and every Colony unit owner seeking the $5 million in rent and interest and taxes for the recreational facilities at the closed resort they say is legally due under contractual agreement.

August 16, 2014 | Posted in Major Headlines, Top Box | Read More »