From top: Gary Barnett, president of Extell, and Peter Takiff, CFO of Eastern Consolidated; buildings, from left: 120-126 West 25th Street and 112-118 West 25th Street (building photo source: PropertyShark)

Investment sales firm Eastern Consolidated filed suit against residential and commercial builder Extell Development, demanding payment of more than $370,000 in commissions that has so far been refused, for the sale of air rights in Chelsea. Eastern claims it was the broker on a closed sale of development rights in January to a company controlled by Extell, and is owed $371,800, according to the suit filed in New York State Supreme Court Friday. There is a dispute on whether the deal has actually closed. [more]

A developer fired at the condominium tower Tempo in Kips Bay is suing an Irish home builder for reinstatement; a property manager is suing his investment partner Peter Hauspurg of Eastern Consolidated to stay on the job; and property manager Downtown Properties is sued for allegedly misappropriating money. [more]