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

New York /
Feb.February 17, 2012 10:30 AM

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.

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]


Related Articles

arrow_forward_ios
Miles Kwok with 781 Fifth Avenue (
Trustee alleges “shell game” over Chinese exile’s UES penthouse
Trustee alleges “shell game” over Chinese exile’s UES penthouse
Ron Burkle and 704 Broadway (Modlin Group, Hugoatyugo/CC BY-SA 3.0/via Wikimedia Commons)
Billionaire Ron Burkle selling Noho penthouse
Billionaire Ron Burkle selling Noho penthouse
A photo illustration of Adam Leitman Bailey (far left) and Miki Naftali (right) (Getty Images, Naftali Group, Adam Leitman Bailey, P.C.)
Naftali tenant suffers blow in holdout battle
Naftali tenant suffers blow in holdout battle
From left: Adam Leitman Bailey P.C.'s Steven Wagner; Belkin Burden Goldman's Sherwin Belkin; Adam Leitman Bailey P.C.'s Adam Leitman Bailey; and Naftali Group’s Miki Naftali (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images, Adam Leitman Bailey, P.C., Belkin Burden Goldman)
Pay up or lawyer up: What does a holdout cost a developer?
Pay up or lawyer up: What does a holdout cost a developer?
Adam Leitman Bailey, Y. David Scharf, and Miki Naftali with 215 West 84th Street (Adam Leitman Bailey, Morrison Cohen, Getty)
Naftali lays out project as holdout tenant plays new card
Naftali lays out project as holdout tenant plays new card
 Miki Naftali and Adam Leitman Bailey (Getty, Adam Leitman Bailey; Illustration by Kevin Rebong for The Real Deal)
Heavyweight lawyers at war in Naftali holdout drama
Heavyweight lawyers at war in Naftali holdout drama
Steven Wagner, Bonnie Reid Berkow and Adam Leitman Bailey (Wagner, Berkow & Brandt, Adam Leitman Bailey)
Prominent real estate lawyer leaves firm he started to join Adam Leitman Bailey
Prominent real estate lawyer leaves firm he started to join Adam Leitman Bailey
 Adam Leitman Bailey with 6 Turtle Knoll in Monroe (Adam Leitman Bailey Law Firm, Trulia)
NY foreclosure ban does not apply to shell companies, judge rules
NY foreclosure ban does not apply to shell companies, judge rules
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...