Harborview Plaza Associates, LLC v. Bluerise Group, LLC

CourtNew Jersey Superior Court Appellate Division
DecidedJuly 8, 2026
DocketA-1976-24
StatusUnpublished

This text of Harborview Plaza Associates, LLC v. Bluerise Group, LLC (Harborview Plaza Associates, LLC v. Bluerise Group, LLC) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Harborview Plaza Associates, LLC v. Bluerise Group, LLC, (N.J. Ct. App. 2026).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited . R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-1976-24

HARBORVIEW PLAZA ASSOCIATES, LLC,

Plaintiff-Appellant/ Cross-Respondent,

v.

BLUERISE GROUP, LLC,

Defendant-Respondent/ Cross-Appellant,

and

UNIVERSAL ABSTRACT AND TITLE AGENCY, as a nominal defendant,

Defendant-Respondent. ____________________________

Argued May 20, 2026 – Decided July 8, 2026

Before Judges Gummer, Paganelli and Vanek.

On appeal from the Superior Court of New Jersey, Law Division, Ocean County, Docket No. L-2409-22. Joshua Beinhaker argued the cause for appellant/cross- respondent (Beinhaker & Beinhaker, LLC, attorneys; Dore Beinhaker, on the briefs).

Vahbiz P. Karanjia argued the cause for respondent/cross-appellant Bluerise Group LLC (Epstein Ostrove, LLC, attorneys; Elliot D. Ostrove and Vahbiz P. Karanjia, on the briefs).

PER CURIAM

Plaintiff Harborview Plaza Associates LLC (Harborview) appeals from a

March 7, 2024 final judgment entered in favor of defendant Bluerise Group LLC

(Bluerise) following a bench trial. Harborview appeals from the judgment

providing Bluerise with the return of its initial and additional deposits following

the parties' failed real estate transaction pursuant to their Property Purchase and

Sale Agreement (Agreement). In addition, Harborview appeals from the denial

of its claim for attorney's fees as provided under the parties' Agreement.

Bluerise cross-appeals from the same judgment denying its claim for attorney's

fees as provided under the parties' Agreement. We vacate the judgment as to

the initial deposit, affirm the judgment as to the additional deposit, and remand

for the court to consider the parties' claims for attorney's fees as provided under

the Agreement.

A-1976-24 2 I.

The parties' dispute arises from their Agreement. The Agreement states

that Harborview is "the owner of . . . [a] multifamily apartment complex" and

the parties agreed for Harborview to sell the complex to Bluerise. Further, the

Agreement states "the Project (as hereinafter defined) is the subject of that

certain Section 8 Housing Assistance Payments [(HAP)] Contract." We recite

the relevant terms of the Agreement for purposes of the appeal:

1. Purchase and Sale of the Project. [Harborview] shall sell and convey to [Bluerise], and [Bluerise] shall purchase from [Harborview], . . . all right, title[,] and interest of [Harborview] in and to the following:

a) Real Property. The real property . . . including all improvements located on the Land ("Improvements"), including, but not limited to a total of 72 apartment units in one building (the "Buildings") ....

b) Personal Property. All furniture, furnishings, fixtures, equipment, tools, supplies[,] and other tangible personal property . . . [.]

c) Intangible Property. The following intangibles . . . : (i) any and all Leases (as hereinafter defined) and all commitments, contracts, options[,] or other agreements with respect to the . . . operation of the Real Property or Personal Property . . . .

A-1976-24 3 The term "Project" as used herein means the aggregate of the Real Property, the Personal Property[,] and the Intangible Property.

....

3. Deposit. Upon execution of this Agreement by all parties hereto, [Bluerise] shall deposit Two Hundred Fifty Thousand and no/100 dollars ($250,000[]), . . . with Universal Abstract and Title Agency ("Escrow Agent") which, together with said interest (the "Deposit"), shall either be applied by [Bluerise] toward the payment of the Purchase Price, returned to [Bluerise] or paid to [Harborview] as provided in this Agreement. Upon the last day of the [i]nspection [p]eriod (as hereinafter defined) an additional deposit of Two Hundred Fifty Thousand and no/100 dollars ($250,000[]) shall be delivered with and considered together with and a part of the Deposit for all purposes hereunder and the initial Two Hundred Fifty Thousand and no/100 Dollars ($250,000.00) shall be non[-]refundable, except as provided in [s]ection 13. or [s]ection 14. of this Agreement.

4. . . . .

b) HUD Approval. [Bluerise] shall promptly apply to HUD for consent to assume the HAP [c]ontract, . . . ("HUD Approvals"), and accordingly:

i) [Bluerise], at its sole cost and expense, shall submit those applications, certificates, agreements, information[,] and fees required by HUD to allow for the HUD Approvals.

A-1976-24 4 v) [Harborview] hereby agrees that neither [it] nor its counsel shall correspond with HUD regarding the transactions contemplated herein without the prior written consent of [Bluerise], which consent shall not be unreasonably withheld, conditioned, or delayed. . . .

vi) [Bluerise] agrees to promptly deliver to HUD all documents and information required in order to obtain the HUD Approvals, and such other information or documentation as HUD reasonably may request, including, without limitation, information to obtain HUD 2530 approval.

ix) Closing is expressly conditioned upon HUD Approvals. If HUD Approvals are not obtained prior to the Closing Date . . . either party that is not then in default under this Agreement may terminate this Agreement.

6. Conditions Precedent to Closing. The Closing and the obligations of [Bluerise] under this Agreement are subject to the satisfaction of all the conditions set forth in this [s]ection 6. Both [Harborview] and [Bluerise] agree to take all reasonable action to diligently complete all required processing on as timely a basis as possible. Both parties agree to use best efforts to meet the following schedule of conditions precedent, provided, however, that [Harborview] and [Bluerise] agree to reasonable case-by-case extensions to this schedule in the event of delay . . . . If this schedule of conditions precedent is not met, [Bluerise] may (i) terminate this Agreement by

A-1976-24 5 giving written notice of such termination to [Harborview], and thereafter, the Deposit shall be returned to [Bluerise], this Agreement shall terminate and the parties shall be relieved of all further obligations to each other . . . .

a) Preliminary HAP Contract Assignment. Not fewer than thirty (30) days prior to the Closing Date, [Bluerise] shall have obtained HUD Approvals.

8. Deliveries at Closing.

o) Assignment of HAP Contract. Ten days prior to Closing, [Harborview] shall deliver to [Bluerise] original executed HAP Assignment.

13. Damage or Destruction.

a) Material Loss. If, prior to Closing, any portion of the Project is damaged or destroyed to a "material" (as hereinafter defined) extent . . . [Harborview] shall notify [Bluerise] in writing . . . and [Bluerise] may, at its option, terminate this Agreement . . . . notwithstanding the terms of this Agreement to the contrary, the Deposit shall be returned to [Bluerise] . . . . For purposes of this [section] 13.a), "material" shall mean damage or destruction of the Project for which the aggregate estimated cost of repair, restoration and rehabilitation (including all indirect and incidental costs and expenses) is in

A-1976-24 6 excess of One Hundred Thousand and no/100 Dollars ($100,000[]).

[(Emphasis added and boldface omitted).]

Because Bluerise did not receive HUD's approval for the assignment of

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