Starwood Battles Contractor Over Foundering Gulf Condos

Law360, New York (April 23, 2012, 4:51 PM EDT) -- Starwood Capital Group Global LLC told a Florida federal judge on Friday that it should not have to pay $18 million claimed by a general contractor that worked on a troubled luxury condominium project on the Gulf Coast.

In a lawsuit brought by Walton Construction Co. LLC, the private investment firm filed a motion for summary judgment arguing that it had no contract with the construction firm and that Starwood itself lost "100 percent" of its investment in the Laketown Wharf condominium development.

Walton's suit centers...
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