Library Site Developer Sued Over Commission

The Real Deal reports that real estate private equity bankers Carlton Group are suing Hudson Companies, developers, on the site of the former Brooklyn Heights Branch Library, of the high rise residential and commercial building that will include a new branch library on its ground and lower floors. Carlton’s suit alleges that Hudson failed to pay $2.2 million in commissions owed for arranging financing for the new building. The Real Deal story quotes a Hudson spokesman as saying the case is without merit.

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