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New York

NYC real estate bigwigs face off in court

A look at five of the most combative lawsuits so far this year

3 Sutton Place and 111 West 57th Street
3 Sutton Place and 111 West 57th Street

From the October issue:  From partnership disputes to allegations of fraud, this year has seen yet another pile of messy lawsuits in almost every corner of New York City real estate.

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Some of the industry’s top players in residential, commercial, tech and beyond dished out and received court complaints, and The Real Deal looked at five of the most explosive lawsuits filed in 2016. Among the recurring themes were disagreements over joint-venture ownership and equity stakes — specifically in the cases of the coveted Ring portfolio and the planned supertall at 111 West 57th Street. [more]

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Chetrit GroupJoseph SittWendy Maitland