$200M UN Plaza Deal Suit Belongs In Arbitration, Court Hears

Law360, New York (February 28, 2014, 5:25 PM EST) -- Real estate investor Jacob Frydman and United Realty Partners LLC urged a New York state court Thursday to reject a bid by would-be investors in 866 United Nations Plaza to avoid arbitration and reargue a suit challenging fund transfers connected to the building’s $200 million sale.

Frydman, Winter 866 UN LLC and United Realty make up one-half of the management of the investor group set up to help raise funds for the purchase of the building on behalf of United Realty. The trio had been hit...
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