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Westfield Sued for Trying to Terminate Lease on NYC’s Fulton Center

Westfield Sued for Trying to Terminate Lease on NYC’s Fulton Center

by Phil Hall | Feb 16, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The New York City Transit Authority has filed a lawsuit against Westfield Corp. to prevent it from terminating its operations at the lower Manhattan commuter hub Fulton Center less than halfway into its 20-year lease. Fulton Center currently has 68 retail tenants....
And Yet One More Broker Commission Lawsuit is Filed, This Time in Utah

And Yet One More Broker Commission Lawsuit is Filed, This Time in Utah

by Phil Hall | Feb 13, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The chain of copycat lawsuits over real estate broker commissions has expanded to Utah, which has become the 13th state where the National Association of Realtors (NAR) and leading brokerages are being sued over how brokers are paid. On Feb. 9, Dalton K. Jensen filed...
Keller Williams in $70 Million Settlement of Sitzer/Burnett Lawsuit

Keller Williams in $70 Million Settlement of Sitzer/Burnett Lawsuit

by Phil Hall | Feb 1, 2024 | Current News & Events, Real Estate News, WRE News Exclusive

Keller Williams announced it has agreed to a $70 million settlement in the Sitzer/Burnett lawsuit that challenged the commission structure of real estate professionals. Company founder and Executive Chairman Gary Keller announced the settlement in an internal email,...
Hits and Misses for the Real Estate Week of Jan. 15-19

Hits and Misses for the Real Estate Week of Jan. 15-19

by Phil Hall | Jan 19, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Another cockamamie broker commission lawsuit, an accounting giant exiting its namesake building and Alec Baldwin’s unlikely home selling strategy. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Jan. 15-19. Miss:...
And Yet Another Real Estate Commission Lawsuit is Filed, Now in Los Angeles

And Yet Another Real Estate Commission Lawsuit is Filed, Now in Los Angeles

by Phil Hall | Jan 19, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Another lawsuit aimed at how real estate professionals earn their commissions was filed this week in Los Angeles. The new case was filed on Wednesday in U.S. District Court in Los Angeles by Gael Fierro and Patrick Thurber, two home sellers who named the National...
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