Broker Doesn't Deserve Fee For SoHo Building, Atty Argues

Law360, New York (June 27, 2013, 2:02 PM EDT) -- An attorney for the owner of a building in Manhattan's SoHo neighborhood told a New York state judge Thursday that it didn't have to pay a commission to a broker for a proposed $112 million sale to Vornado Realty Trust because it never agreed to the deal.

Robert C. Micheletto of Jones Day, who represents building owner Willspring Holdings LLC, told Judge Marcy Friedman that the broker, Azad Property Group LLC, couldn't demand a $1.4 million commission for the Vornado deal because Willspring had rejected every...
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