Judge tosses Koreins’ name-dropping 1 Penn Plaza lawsuit against Vornado
It looks like the Koreins will have to regroup in their rent dispute with Vornado over the 1 Penn Plaza office tower. A Manhattan judge tossed out the lawsuit the Korein family filed in February, which asked the court to determine a fair value for the 2.5 million-square-foot skyscraper. The Koreins said they couldn’t find a neutral appraiser to value the property because no one dared to cross Vornado for fear of losing favor with the powerful landlord. New York Supreme Court Justice Lyle Frank said that if the Koreins disagree with the valuation the appraisers arrived at, they need []This article originally appeared on The Real Deal. Click here to read the full story.
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