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Crain’s Business: Marc Held, Partner at Held & Hines, LLP quoted regarding Real Estate Broker Commission Dispute Broker sues Extell for commissions owed Broker says developer failed to pay commissions totaling $132,900—the remaining 50% of fees he says are owed to him for selling 28 apartments at the Rushmore. By Amanda Fung Published: August 24, 2010 The developers of the Rushmore—Extell Development Corp. and The Carlyle Group—are being sued by a broker for unpaid commissions on sales of 28 apartments […]

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Residents are “still very, very upset,” says Marc Held, a lawyer…. who represented buyers in the foreclosure proceeding. “They’re happy that the building will get out of foreclosure, but they’re furious that they can’t resell their units, that there’s no reserve fund, that their money was stolen. But at least they see there’s light at the end of the tunnel.”