TIAA sues Douglas Elliman over allegedly unpaid rent at Brickell high-rise

Suit alleges Elliman did not pay rent in April, May or June, totaling $47K, for its 2,721 sf office

Miami /
Jul.July 21, 2020 05:31 PM
Jay Parker and Mike Sales, with 801 Brickell Avenue (Credit: Google Maps)

Jay Parker and Mike Sales, with 801 Brickell Avenue (Credit: Google Maps)

UPDATED, July 22, 4:48 p.m.: Douglas Elliman was sued by its Brickell landlord for allegedly failing to pay rent during the coronavirus pandemic.

Elliman closed and vacated the 2,721-square-foot office at 801 Brickell Avenue in Miami as of May 31. It was one of three South Florida offices Elliman shuttered as a result of coronavirus.

Teachers Insurance and Annuity Association of America (TIAA), which owns the 28-story Brickell office building, sued Elliman for allegedly failing to pay rent in April, May and June, totaling $46,912. In a letter dated June 10, Carlton Fields attorney John Hart, representing TIAA, wrote that Elliman owed about $17,749 in unpaid rent, after applying the $29,163 security deposit.

The letter states that Elliman is still on the hook for the remainder of the unpaid May and June rent, plus all rent due going forward until the lease expires October 31, 2021.

In a statement, a spokesperson for Elliman said the brokerage “has been in regular communication with the landlord” and has reached a resolution. Court records show the lawsuit, filed on Friday in Miami-Dade Circuit Court, was voluntarily dismissed on Wednesday. A spokesperson for TIAA said in a statement that “the issue was resolved.”

In April, developer Avra Jain said her only tenant that had not paid rent that month was Elliman, at 5555 Biscayne Boulevard in Miami.

During an earnings call in May for the brokerage’s parent company Vector Group, Elliman chairman Howard Lorber said the firm was seeking to consolidate offices and negotiate “rent reductions, deferrals or holidays” with landlords nationwide, as well as reduce staff and salaries.

The 801 Brickell lease began in October 2015 and encompasses suites L30, with 861 square feet; and 210, with 1,860 square feet, according to the lawsuit. Statewide, Elliman now has 17 offices.

Records show TIAA paid $80 million for the office building in 2002. Tenants include Gensler, co-working operator Spaces and Komodo Miami, a Groot Hospitality restaurant.


Related Articles

arrow_forward_ios
Phil Gutman with Bess Freedman and Mark Zilbert (Linkedin, Freedman by Studio Scrivo)
Phil Gutman leaves Brown Harris Stevens Miami
Phil Gutman leaves Brown Harris Stevens Miami
Thor Chairman Joe Sitt, Stefano Ricci CEO Niccolo Ricci and the Miami store. (Getty, Thor, Miami Design District)
Thor Equities sued over alleged unpaid loan on Stefano Ricci Miami Design District store
Thor Equities sued over alleged unpaid loan on Stefano Ricci Miami Design District store
(iStock)
South Florida resi sales jump in Q4: Elliman
South Florida resi sales jump in Q4: Elliman
Gil Dezer and renderings of the project (Renderings via Zyscovich Architects)
Neighbors sue to overturn approval of Dezer’s mega project in North Miami Beach
Neighbors sue to overturn approval of Dezer’s mega project in North Miami Beach
Ruthie and Ethan Assouline lead Compass’ Assouline Team. (The Assouline Team, iStock)
Compass’ Assouline Team expands to Miami Beach
Compass’ Assouline Team expands to Miami Beach
Jeff Miller and Daniel de la Vega 
Jeff Miller leaves Brown Harris Stevens to join One Sotheby’s
Jeff Miller leaves Brown Harris Stevens to join One Sotheby’s
An aerial shot of the condos at 2020 North Ocean BLVD. (30-thirty)
Cavache taps Douglas Elliman to sell remaining units at 30 Thirty North Ocean in Fort Lauderdale Beach
Cavache taps Douglas Elliman to sell remaining units at 30 Thirty North Ocean in Fort Lauderdale Beach
Carl Gambino
Celebrity agent Carl Gambino expands to Miami
Celebrity agent Carl Gambino expands to Miami
arrow_forward_ios

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

Loading...