Investment-sales powerbroker Amit Doshi — who is currently embroiled in an ugly legal battle with his business partner Michael Besen — is leaving Besen & Associates for a job at Meridian Capital Group, sources told The Real Deal.
Doshi has committed to a job at Meridian Investment Sales, the sales brokerage division of Ralph Herzka’s firm, sources said.
It was not immediately clear when Doshi will start or if he’ll be bringing any brokers along with him.
When reached by phone at his Besen & Associates office Friday afternoon, Doshi declined to comment. A spokesperson for Meridian also declined to comment. Besen and his attorney did not respond to requests for comment.
The move is the expected fallout from an acrimonious disagreement between Doshi, a 30-year industry veteran, and his partner.
Michael Besen
Besen sued Doshi in New York State Supreme Court in late May, claiming Doshi mismanaged the brokerage and several investment properties the two own together.
Among the allegations, Besen claims Doshi set up a secret account to siphon off nearly $1.5 million in company money for personal investments.
Doshi is the executive director at Besen & Associates, and his departure is sure to be a blow to the firm, which ranked No. 9 in TRD’s latest tally of the city’s top investment sales firms.
Meridian, meanwhile, has been expanding recently with the hire of former Eastern Consolidated retail broker James Famularo and his team, which is building a retail-leasing platform at the firm.