Developer Closes In On $112.5M Stake In NYC Properties

Law360, New York (May 4, 2012, 7:35 PM EDT) -- Developer Princeton Holdings LLC asked a New York appeals court Thursday to add new parties to its battle with The Broadsmoore Group LLC in a move to snag a $112.5 million stake in a joint venture controlling 14 Manhattan properties.

The developer asked that The Bluestone Group join as a petitioner and DiRing LLC come in as a respondent because the two have been taking a significant role in court-ordered arbitration proceedings. Adding the companies, Princeton said, will allow a partial arbitration judgment from April to...
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