Elliman sues Shvo, Mandarin Oriental devs over unpaid fees 
Michael Shvo’s Mandarin Oriental Residences is at the center of another lawsuit, this time filed by its former exclusive sales agent, Douglas Elliman. The brokerage sued the entity behind the development of 685 Fifth Avenue, led by Shvo, alleging the developer paid Elliman just half of its fee after ousting it from the project late last year. The complaint, filed in New York on Wednesday, accuses the developer of violating its contract with Elliman, including a term requiring it to pay the brokerage $250,000 if it was fired from the project “without cause.” The contract stated that the developer could […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Replace BQE with what makes NYC great
How a handful of projects reshape Manhattan’s luxury
markets
NYC’s top deals: Two Trees sells One Domino penthouse for
$8M
NY Dirt: Primary winner Northrup backs UWS church over
housing
JLL’s Stefanie Rock dies at 29 in Hamptons crash
Tribeca clock tower penthouse sells for $16M
Homes Are Selling for Much Less Than You Think | July 2026
Housing Market Update
Making $3,000/Month Cash Flow (Per Property) with This
Scalable Rental Strategy
Coldwell Banker’s only NYC-based brokerage joins
Compass
Spitzer accuses state of “potential intentional misconduct”
for delaying demolition of 985 Fifth Ave
