Close Menu
Global News HQ
    What's Hot

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    June 28, 2025

    PwC to cut 175 junior auditors amid slowdown

    June 28, 2025

    Are You Approachable at Work? Tips for Building Better Connections

    June 28, 2025
    Recent Posts
    • XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal
    • PwC to cut 175 junior auditors amid slowdown
    • Are You Approachable at Work? Tips for Building Better Connections
    • Microsoft Sued in Manhattan Federal Court for Allegedly Using Pirated Material to Train AI Models | Law.com
    • Baglietto and Meyer Davis Just Teamed up on a Sleek 183-Foot Superyacht
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal
    • PwC to cut 175 junior auditors amid slowdown
    • Are You Approachable at Work? Tips for Building Better Connections
    • Microsoft Sued in Manhattan Federal Court for Allegedly Using Pirated Material to Train AI Models | Law.com
    • Baglietto and Meyer Davis Just Teamed up on a Sleek 183-Foot Superyacht
    • Trump Thinks Reporting The Truth Is A Punishable Offense – See Also – Above the Law
    • SCOTUS upholds part of ACA that makes preventive care fully covered
    • Ripple drops cross-appeal as SEC set to follow, closing XRP case
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Real Estate - 432 Park condo owners file another lawsuit against Macklowe, CIM Group
    Real Estate

    432 Park condo owners file another lawsuit against Macklowe, CIM Group

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    432 Park condo owners file another lawsuit against Macklowe, CIM Group
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Buyers at 432 Park Avenue are suing the developers over construction defects — again. 

    Owners at the Billionaires’ Row tower filed another lawsuit against Macklowe Properties and CIM Group on Friday, alleging the developers concealed cracks in the building’s facade from buyers and city inspectors, Crain’s New York reported. 

    The complaint alleges developer Harry Macklowe and CIM engaged in a “deliberate and far-reaching fraud,” including proceeding with construction despite warnings from architects and engineers. The lawsuit, which seeks at least $165 million in damages, claims the cracks caused flooding and corrosion. 

    A spokesperson for CIM denied the allegations to the outlet and said the firm would seek to have the complaint dismissed. 

    Representatives for Macklowe did not respond to a request for comment, but the developer’s team previously called allegations about the cracks “exaggerated.” 

    The condo board sued the developers over alleged defects in 2021. The new lawsuit takes it a step further, accusing the developers of knowing about the issues, which the board claims it only discovered last year. 

    The new complaint claims Macklowe and CIM not only failed to address the issues during construction between 2011 and 2015 but actively hid them. Macklowe also allegedly changed the condo’s offering plan to skirt responsibility for the defects.

    The lawsuit states that when engineers told Macklowe to fix the cracks with a thick coating of elastomeric paint, he allegedly refused over concerns that it would ruin the facade’s appearance. He instead decided on a clear silicone material used to protect his yacht.  

    The 2021 lawsuit is still pending. This original complaint claimed buyers at the building experienced “horrible and obtrusive noise and vibrations.” 

    The 142-unit building launched sales in 2013. Buyers at the supertall have included actress and singer Jennifer Lopez and her then-partner, baseball player Alex Rodriguez, as well as the Saudi retail magnate Fawaz Alhokair. 

    Read more

    The 432 Park Avenue condo board’s battle with developers heats up

    Tal Alexander’s reign at 432 Park is officially over

    Sellers Break Even in $59M Sale of 432 Park Avenue Condo

    432 Park Ave unit, once priced at $135M, sells for $65M





    Source link

    432 Park Avenue lawsuit
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleCrypto Lender Nexo Announces US Re-Entry
    Next Article Expert Advice on Where to Splurge in Your Kitchen Renovation

    Related Posts

    Kathy Hilton Weighs in on a Big Change Kyle Made Amid Mauricio Split: “Would Not Have…” | Bravo

    June 28, 2025

    High Season, High Stakes: Navigating Summer Risks in Property Management

    June 28, 2025

    Flagstar looking to offload more rent-stabilized loans

    June 27, 2025

    The Right Way to Convert a Church Into a Condo

    June 27, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Cryptocurrency & Blockchain
    3 Mins Read

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    XRP’s price jumped over 3% on Friday just hours after Ripple Labs CEO Brad Garlinghouse…

    PwC to cut 175 junior auditors amid slowdown

    June 28, 2025

    Are You Approachable at Work? Tips for Building Better Connections

    June 28, 2025

    Microsoft Sued in Manhattan Federal Court for Allegedly Using Pirated Material to Train AI Models | Law.com

    June 28, 2025
    Top
    Cryptocurrency & Blockchain
    3 Mins Read

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    XRP’s price jumped over 3% on Friday just hours after Ripple Labs CEO Brad Garlinghouse…

    PwC to cut 175 junior auditors amid slowdown

    June 28, 2025

    Are You Approachable at Work? Tips for Building Better Connections

    June 28, 2025
    Our Picks
    Cryptocurrency & Blockchain
    3 Mins Read

    XRP spikes 3% after Garlinghouse says Ripple dropping SEC cross-appeal

    XRP’s price jumped over 3% on Friday just hours after Ripple Labs CEO Brad Garlinghouse…

    Finance & Investment
    3 Mins Read

    PwC to cut 175 junior auditors amid slowdown

    Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version