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More Tshuva (Real estate) Part II
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PostPosted: Mon Sep 10, 2007 3:17 pm    Post subject: More Tshuva (Real estate) Part II Reply with quote

While Tshuva continues to spend money expanding his empire in the US., the Israeli billionaire faces a lawsuit from several residents of his brand new high dollar luxury living complex called the link. The source of contention is Tshuva's El Ad Properties failure to address the concerns of residents who began moving into the glassy condominum tower at 310 West 52nd Street in Manhatten. The residents are angry that El Ad has not finished the lobby area and many of the hallways remain uncarpeted. They also claim a garden area is unaccessable to them. Unable to get a response from Tshuva's El Ad Properties or its parent company El Ad Group, the 40 or so residents secured real estate attorney Robert Braverman to arrange a meeting between them and El Ad.

Thus far the only response from El Ad has come from Lloyd Kaplan head of the companies construction who has agreed to meet with the tenants so long as they leave their lawyer at home. Kaplan claims the company has tried to address all of the residents complaints and expects construction to be complete by November 15. In the interim El Ad continues work on its Plaza Hotel project as well as plans to construct a multi-billion dollar Las Vegas resort in partnership with Israeli billionaire Nochi Dankner.

Tshuva recently named former Bank Leumi executive Uzi Levy general manager of Elad Properties Canada.
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