REIT Can't Duck Arbitration Over $75M Loan, Developer Says

Law360, New York (May 30, 2012, 2:11 PM EDT) -- Developer Miller Sheridan LLC on Tuesday told a Texas federal judge that it should be allowed to arbitrate claims that Weingarten Realty Investors mismanaged a joint venture and is liable for an unpaid $75 million project loan.

Miller Sheridan alleges that an operating agreement between the parties requires arbitration of its claims that the real estate investment trust is ultimately responsible for payment of the loan, and that its failure to secure adequate financing as the project manager puts it squarely on the hook.

But WRI...
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