Tishman Rewrote Lease To Avoid $15M Commission, Suit Says

Law360, New York (May 30, 2013, 6:44 PM EDT) -- A jury should be able to hear evidence that Tishman Speyer Properties LP altered an advertising agency's downtown Manhattan lease just so it wouldn't have to pay the real estate broker a $15 million commission, the broker's attorney told a New York state appeals court Thursday.

Miriam Skolnik of Herzfeld & Rubin PC, who represents broker Peter R. Friedman Ltd., said during a hearing that when Tishman Speyer was working on renewing the lease for Publicis Groupe SA's Saatchi & Saatchi in a 26-story Tishman Speyer...
To view the full article, register now.