Antares Sues Former Partner Over $200M Property Deal

Law360, New York (August 13, 2013, 1:20 PM EDT) -- Connecticut-based Antares Real Estate Services III LLC launched a fraud and breach of contract suit in New York state court Monday against its former business partner and affiliated directors, claiming they terminated an agreement to manage a Greenwich property without cause.

Antares and 100 WP Property – DOF II LLC worked together for several years to rehabilitate a Greenwich property they purchased in 2007 for $130 million, putting an additional $70 million into renovations. The partners invested about $40 million in total equity in the project,...
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