Osen LLC in the News
Osen said neither the claims conference nor the Wertheim family wanted to take back the property. "It's one thing to visit the Ritz; it's another thing to end up owning it," he said. But Osen said Principe and her family were entitled to a fair settlement for their loss.
“We like to say it went from being a ‘no man’s land’ in the literal sense to a ‘no man’s land’ in the legal sense,” said Gary M. Osen, a New Jersey lawyer who represents the Wertheim heirs. Legal nuances aside, he said, this land is also different because KarstadtQuelle sold it to Mr. Beisheim for a princely sum. The developer then spent hundreds of millions of dollars building the Ritz-Carlton, a Marriott hotel, luxury apartments and offices, calling the complex the Beisheim Center.
A premiere real estate address - once the location of one of pre-war Berlin's top department stores, later the home of a legendary night club in the reunited German capital - is up for sale.
Within the next few weeks, Barbara Principe, a 73-year-old South Jersey woman who still lives near the chicken farm where she grew up, will begin receiving payments from millions of dollars in real estate in the former East Berlin.