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Brokers Sue Developer Over $3M Commission | Real Estate News
Three top real estate brokerages are suing a developer over $3.2 million in unpaid luxury condo commissions tied to the controversial sale and restructuring of One Park Row in Tribeca. Despite cutting their own fees to help the cash-strapped developer, they’re still short $450K from the agreed $1.45M. The case is entangled with another lawsuit where the developer accuses a buyer of fraudulently converting condos to rentals using fake buyers — only to back out. A Michigan judge recently ruled that all legal matters must be handled in New York, adding complexity. The brokers now demand full…
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