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Developers Fight Over $112.5M Stake In 14 NYC Properties

Law360, New York (November 27, 2012, 6:09 PM EST) -- A group of New York real estate investment firms argued Tuesday that a partner in a joint venture to manage 14 New York properties was trying to improperly invalidate an arbitration award that would allow the investment firms to take a $112.5 million stake in the venture.

One one side of the dispute is Princeton Holdings LLC, whose managing member is Joseph Tabak, and the affiliated Bluestone Group. On the other side is the Broadsmoore Group LLC, whose chairman is Michael Ring. The two sides have...
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