Broker Fights For Commission From $1B Helmsley Deal

Law360, New York (January 31, 2012, 5:15 PM EST) -- An attorney for a real estate broker told a New York appeals court Tuesday that a property manager must pay the broker a commission for its efforts to secure financing on the $1 billion sale of Manhattan's iconic Helmsley Building in 2007.

The $1.725 million commission that is allegedly owed stems from the $1.1 billion 2007 deal, in which a Goldman Sachs & Co. affiliate, property manager Monday Properties Investment LLC, and others bought the historic building at 230 Park Avenue in Manhattan near Grand Central...
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