Developer Seeks To Upend Brooklyn Domino Factory Sale

By Eric Hornbeck (September 18, 2013, 7:50 PM EDT) -- Developer Katan Group LLC urged a New York appeals court on Wednesday to reverse a series of lower court decisions that paved the way for the $185 million sale of Brooklyn's Domino Sugar factory site to developer Two Trees Management Co. LLC last year.

Katan's attorney Mitchell C. Shapiro of Shapiro Tamir Law Group PLLC told a four-judge panel that Judge Eileen Bransten had erred at every step of Katan's efforts to stop a planned refinancing of its joint development agreement for the Domino site with the venture's managing member Community Preservation Corp., as well as its efforts to challenge CPC's...

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