X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-A dispute over the sale of three real estate assets by Host Hotels & Resorts that was brokered by Molinaro Koger in 2009 is getting set to move further up the legal food chain.  Host recently filed suit against its erstwhile broker alleging a conflict of interest in these sales–namely, according to the complaint, that a third party connected to Molinaro was the buyer in the transactions and those connections were not disclosed to Host. Host alleges it lost at least $15 million and probably more because of these less-than-arm’s length sales.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.