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New York

Broker seeks $23M for Burkle’s Soho House deal

Real estate broker Nathaniel Christian sued Ron Burkle’s Yucaipa Companies seeking $22.8 million in New York State Court yesterday, Law360 reported, alleging that he acted as the broker for Yucaipa’s purchase of a stake in Soho House but was never compensated.

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Christian, principal of NCG Real Estate, claims he introduced Burkle to owners of the Soho House Group in 2006.  At the time Burkle was considering taking a $380 million stake in the company, purchasing the Soho hotel and social club in New York for $80 million and investing $90 million to convert a Soho club in Los Angeles.

No deal was made until last month, when Burkle closed on a $550 million investment in Soho House and related real estate last month. Christian is seeking to recover a 5 percent commissio,n or $22.8 million. He is being represented by Adam Leitman Bailey attorney Christopher Halligan. [Law360]

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Adam Leitman BaileyRon Burkle