Michael Besen sues partner Amit Doshi

Brokerage founder claims top exec mismanaged firm, investment properties

New York /
May.May 31, 2018 01:35 PM

Michael Besen and Amit Doshi (Credit: Besen Group and Getty Images)

There’s a feud brewing at the very top of one of New York’s most active commercial firms.

Besen & Associates founder Michael Besen is suing his partner Amit Doshi for $10 million, claiming he’s mismanaged the brokerage and several investment properties they own together.

Besen alleges Doshi, executive director of the investment sales-focused brokerage, breached his fiduciary duty to the firm and half-a-dozen multifamily properties they co-own, according to a summons filed in Manhattan Supreme Court Thursday.

Neither Besen nor Doshi immediately responded to requests for comment.

Details in the filing are scarce, but Besen is asking the court to bar Doshi from accessing one of the brokerage’s operating accounts, and to detail how he used its funds. Besen is also asking the court to put their various business interests in receivership, and to compel Doshi to refinance mortgages on various properties.

Doshi, who joined Besen & Associates in 1989, a year after it was founded, is one of the top multifamily sales brokers in the city. Besen & Associates placed ninth on The Real Deal’s most recent ranking of New York’s top investment-sales firms, based on dollar volume of closed sales. It brokered $631.1 million worth of deals in 2017.


Related Articles

arrow_forward_ios
From left: Alvin Dworman, 155 East 55th Street, 65 West 55th Street, and 210 East 58th Street (Getty, Google Maps)
Alvin Dworman Sells 3 Manhattan Buildings for $65M
Alvin Dworman Sells 3 Manhattan Buildings for $65M
Anita Durst and images of Chashama (Photos via Getty, Chashama)
Durst-backed nonprofit puts startups into empty storefronts
Durst-backed nonprofit puts startups into empty storefronts
Berkshire Bank headquarters in 4 East 39th Street (Google Maps)
Major FiDi landlord resigns as bank chairman after stock windfall
Major FiDi landlord resigns as bank chairman after stock windfall
Nationally, just under one-third of office workers have returned to the office spaces they occupied before the pandemic. (iStock)
Employers face uphill battle luring staff back to the office
Employers face uphill battle luring staff back to the office
The Closing: Janice Mac Avoy
The Closing: Janice Mac Avoy
The Closing: Janice Mac Avoy
Washington Prime Group CEO Lou Conforti (Twitter)
Washington Prime Group files for Chapter 11 bankruptcy
Washington Prime Group files for Chapter 11 bankruptcy
Renderings of Greenpoint Landing in Greenpoint, 141 Willoughby Street in Downtown Brooklyn and 45-57 Davis Street in Long Island City (Photos via OMA, SLCE Architects and J Frankl Architects)
These were the top outer-borough loans in May
These were the top outer-borough loans in May
The New York Life Sciences and Biotechnology Center at First Avenue and 41st Street (NY Life Sciences)
Life sciences leasing breaks annual record in five months
Life sciences leasing breaks annual record in five months
arrow_forward_ios

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

Loading...