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
America’s Top & Best-In-State Residential Architects
2026: Methodology
10 Real Estate Open House Ideas to Make Your Home Stand
Out
Gusto doubles up at Vornado’s Penn 1
Eyal Ofer’s Global Holdings lands $380M refi for 120
Park
Namdar Group finds financing for another Jersey City
project
AI-Fueled Mini Housing Bubbles Form as Commercial
Delinquencies Rise
How to Prep Your Home for a Photo Shoot: Expert Tips From
the Pros
How to Choose the Right Real Estate Photographer: Opinions
From the Experts
What Makes Renters Stay? 7 Reasons to Renew Your
Lease
Reality Check: Pol’s utopian vision for development doomed
to fail
