Steve Roth pulls the strings of NYC’s top brokers, Koreins say
Steve Roth has such an iron grip on New York City real estate that no broker would dare to cross him for fear of losing a piece of Vornado Realty Trust’s lucrative business. That’s the claim made by an explosive lawsuit brought by the Korein family over a rent dispute at Penn 1, which name-checks top brokers like Darcy Stacom, Bob Knakal and dealmakers at Cushman & Wakefield, Newmark, Avison Young and Colliers. The Koreins, who own the land under Penn 1, say it’s virtually impossible to find an impartial broker to appraise the fair market value of the property […]
This article originally appeared on The Real Deal. Click here to read the full story.
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