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by CareyBot

Newmark and Bank Co. filed this lawsuit against Capitol Hill Group, alleging the real estate brokerage is entitled to $454,025 in sales commissions and consulting services involving two properties. The first property, the "Town House Land," was sold to Holladay Corp. for $3 million. Newmark claims a 1 percent sales commission of $30,000 on this sale. The second property, the "Apartment Building Land," was sold for $13.3 million. The sale was never completed, yet Newmark claims a 3 percent commission of $399,000. Purchase Bob Bruss reports online. Newmark bases its claim on the fact that it provided consulting services to Capitol Hill Group and sent two proposed agreements to the seller, which were never signed. Newmark, however, continued providing consulting services, and the sales contra...