A lawsuit accuses German co-living firm Quarters of “opportunistically” bailing on an $8 million lease in Brooklyn just as New York City became the global epicenter of the coronavirus pandemic. Entities controlled by Mark Tress of Cedar Holdings, a New Jersey-based real estate investor, owner and developer, sued Quarters in federal court May 4. The suit claims Quarters began using construction delays as grounds to terminate its 10-year lease at 251 DeKalb Avenue “only after
source https://therealdeal.com/2020/05/06/landlord-sues-co-living-firm-quarters-for-bailing-on-lease/
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