The 10 juiciest real estate lawsuits of 2017 A “rapacious predator,” a “shim-sham con man” and an “asshole” ex-husband—this year was never short on drama.
From left: Brad Zackson, Raphael Toledano, Steve Croman, Linda Macklowe, Kevin Maloney and Harry Macklowe
Real estate players are among New York’s most litigious characters and 2017 was no exception to that. Family feuds, angry partners and jilted tenants all meant that the courts were full of industry drama this year, and one high-flying landlord swapped a Hamptons mansion for a Rikers cell. Lawyers prepared colorful complaints full of references to sex, drugs and breach of contracts, and racked up the billable hours.
As always, The Real Deal was there to document the legal intrigue. Read on for a closer look at the juiciest cases from the last 12 months.
1) Breaking up is hard to do (when you’re a billionaire)
With Harry Macklowe, everything is at an epic scale, and his divorce from Linda Macklowe is no exception.
The couple is battling over a fortune reportedly worth up to $2 billion, but they re both rather bad at counting. Is the couple’s art collection worth $625 million, or $1.4 billion? And their apartment is it worth $55 million, or $107 million? Don’t count on this pair to come up with the same answer. The judge handling the case has said she plans to split the Macklowe empire down the middle, but we’re a long way off from knowing where the middle really is.
2) I have a fuckload of legal issues, bro
“I’m worth a fuckload of money, bro,” Raphael Toledano once said. But it appears said load may not be enough to ride out his financial woes. This summer, Simon Baron Development moved to evict Toledano from his $13,800-a-month apartment at 393 West End Avenue, citing unpaid rent. Toledano, infamous for vacating rent-regulated apartment buildings and the subject of numerous tenant-harassment suits, has tried to stay in his own unit by claiming wait for it that he is a rent-stabilized tenant.
The year also saw Toledano fighting off the vultures circling his holdings, such as Michael 上海贵族宝贝论坛