NYC Developers Spar Over $120M Domino Refinancing Deal

Law360, New York (April 5, 2012, 6:50 PM EDT) -- Real estate developer CPC Resources Inc. sharply criticized its partner in the 11-acre, 2,200-unit Domino Sugar Refinery residential housing project on the Brooklyn waterfront during a hearing Thursday, saying fellow developer Katan Group LLC couldn't block a $120 million refinancing deal.

Mark Walfish of Katsky Korins LLP, who represents CPC Resources, told Judge Eileen Bransten that Katan couldn’t stop the company from restructuring the mortgage financing from real estate finance and investment management firm Pacific Coast Capital Partners LLC.

CPC Resources, the for-profit arm of the...
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