Brokerage seeks to reopen suit against NY Jets

New York /
Feb.February 17, 2012 01:00 PM

Morris Plains brokerage Destiny Realty wants to reopen a lawsuit against the New York Jets, alleging the firm should have been allowed to offer real estate services to the team’s employees, the Star-Ledger reported.

Destiny has said that because the Jets lease their Florham Park training facility from a public entity, the New Jersey Sports and Exposition Authority, it is required to publicly advertise business contracts, including real estate services, and set aside 7 percent of them for minority-owned businesses like Destiny.

But when the firm filed suit in 2010, a judge dismissed it. Not only did Destiny fail to establish that the Jets offered such services to employees, according to the judge, but it also operated under the assumption that all responsiblities of a public entity must be shifted to a private business.

Now, Destiny believes it has evidence of the Jets offering such services. The Jets’ director of player development, David Szott, is a real estate broker who helped former Jet safety Kerry Rhodes land a Morristown condominium unit, and was set to also earn commission on a Chad Pennington real estate move, but that transaction fell through when the quarterback was traded. [NJ.com]


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Major real estate stocks ended in negative territory this week. (Getty)
Real estate stocks, markets jittery over inflation
Real estate stocks, markets jittery over inflation
Closing time: HFZ vacates the XI sales gallery in Chelsea
Closing time: HFZ vacates the XI sales gallery in Chelsea
Closing time: HFZ vacates the XI sales gallery in Chelsea
Ian Bruce Eichner and 960 Franklin Avenue. (Google Maps, Getty)
Judge lets Eichner’s Crown Heights project near Botanic Garden advance
Judge lets Eichner’s Crown Heights project near Botanic Garden advance
Steven Mnuchin and 740 Park Avenue (Getty, Google Maps)
Steven Mnuchin’s $26M home finally finds a buyer
Steven Mnuchin’s $26M home finally finds a buyer
From left: Howard Lorber, Spencer Rascoff, Rob Speyer, and Steve Witkoff (Getty, Twitter)
The definitive real estate SPAC tracker
The definitive real estate SPAC tracker
arrow_forward_ios

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

Loading...