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

Siblings accusing mother of stealing millions from sale of housing complex

TRD 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

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

arrow_forward_ios