Italian shoe designer, Bruno Magli, recently signed a 10-year, 5,174-square-foot lease at 4 West 58th Street. Building owner, Solow Management, initially asked for $80 per square foot, said Jones Lang LaSalle vice president, Michael Higgins, who represented the tenant. He would not disclose the final negotiated price. The landlord is currently asking for $85 per Read More
The Lawyers You Call
A real estate executive who was formerly one of the top officers in the real estate empire of billionaire owner and developer Sheldon Solow has filed what is likely to be a multimillion-dollar lawsuit against Mr. Solow for unpaid retirement funds, The Commercial Observer has learned.
Steven Cherniak worked with Mr. Solow for 26 years before abruptly leaving Mr. Solow’s firm, Solow Realty and Development Company, in 2008. In a case filed in U.S. District Court on July 19, Mr. Cherniak alleges Mr. Solow dismissed him without cause and didn’t pay him a previously agreed-upon retirement package.