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

TRD 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

Adam Leitman Bailey (Credit: iStock)

Adam Leitman Bailey can practice law again

Adam Leitman Bailey suspended from practicing law for 4 months

There’s more trouble ahead for Chinese developer of Oosten condo

Brokers win $1.2M in six-year-long commission battle

“I don’t think I’d ever received a letter like it”: Read the Trump Soho memo that tripped up a criminal investigation

Linda Macklowe’s lawyers accuse Harry of “playing dirty” with 432 Park pad

Paydirt: Broken hearts and disproportionate warfare: How real estate does battle

Harry Macklowe shrunk Linda’s pad at 432 Park and made his bigger: suit