NY Building Owner Claims Groups Torpedoed $39M Sale

Law360, New York (January 5, 2012, 4:13 PM EST) -- The owner of a building along New York City's Fifth Avenue accused a trio of Jewish organizations in a lawsuit Wednesday of conspiring to torpedo a planned $39 million sale of the property to avoid forfeiting a $2 million down payment.

The building's owner, a subsidiary of a Murray Hill Properties LLC real estate fund, accused a special entity buyer owned by two New York real estate investors of backing out of the sale and allowing a recently evicted tenant, a Jewish religious group run by...
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