Wednesday 27 May 2020

Compass used Covid-19 to get out of lease: lawsuit

A Brooklyn landlord is accusing Compass of capitalizing on Covid-19 to get out of its lease. In a lawsuit filed Tuesday, landlord Stuart Venner said the Softbank-backed brokerage used the pandemic to ask for rent relief — and ultimately walk away from its office — at 384 Atlantic Avenue in Boerum Hill. Although Compass told the landlord it was “reducing its real world footprint,” Venner cited the firm’s $1.6 billion in venture funding as evidence



source https://therealdeal.com/2020/05/27/compass-used-covid-19-to-get-out-of-lease-lawsuit/

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