Family feud: children of Starrett City developer’s widow suing her for $16M

Siblings accusing mother of stealing millions from sale of housing complex

New York /
Jun.June 27, 2018 10:30 AM

Carol Deane and Starrett City (Credit: Paul Marotta via Flickr, Wikipedia, and ADIC)

The children of Carol Deane, widow of Starrett City developer Disque Deane, are suing her for allegedly stealing millions from the sale of the complex.

Her children, 29-year-old Anne Deane and 26-year-old Carl Deane, have filed a lawsuit in Manhattan Supreme Court that accuses her of stealing $13.6 million from the $905 million sale of Starrett City, according to the New York Post. Brooksville Company and Rockpoint Group closed on the massive Brooklyn affordable housing complex in May, which is partially owned by President Donald Trump.

The Deane family owned 20 percent of Starrett City, and their LLC got $85.5 million from the sale. Carole Deane’s children were supposed to get $11.7 million apiece, but she reduced their interests after they tried removing her from her management role, the lawsuit says.

They are now set to receive $5.8 million each and are suing their mother for $16 million and asking that a judge removes her from managing the LLC.

“Plaintiffs do not file this action lightly,” the suit says. “They are heartbroken that their own mother would betray them, and their father’s wishes, over money.”

Carol Deane previously faced a lawsuit from her stepchildren accusing her and other managing partners of the complex of selling Starrett City for below market value, but a judge dismissed this in early 2018, allowing the sale to move forward. [NYP] – Eddie Small


Related Articles

arrow_forward_ios
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
(Photo Illustration by The Real Deal with Getty Images)
The housing correction is a tale of two markets
The housing correction is a tale of two markets
Eli Weiss and a rendering of 3875 9th Avenue
Developers land $414M for Inwood project after waiting out rezoning fight
Developers land $414M for Inwood project after waiting out rezoning fight
Bruce Teitelbaum; West 145th Street and Lenox Avenue (Getty, Google Maps)
Bruce Teitelbaum reboots controversial Harlem project
Bruce Teitelbaum reboots controversial Harlem project
A photo illustration of Manhattan Borough President Mark Levine (Getty, Office of Mark Levine)
Map: Here’s a treasure trove of Manhattan resi development sites
Map: Here’s a treasure trove of Manhattan resi development sites
From left: Rachel Fee, Eli Weiss, Kathy Hochul and Cea Weaver
Here are the real estate policies to watch in Hochul’s budget
Here are the real estate policies to watch in Hochul’s budget
Albany buildings
How Albany is dealing with its 1K vacant buildings
How Albany is dealing with its 1K vacant buildings
Steph and Ayesha Curry
Steph Curry shoots his NIMBY shot
Steph Curry shoots his NIMBY shot
arrow_forward_ios

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

Loading...