A view of the Trump Building at 40 Wall Street on October 01, 2021 in New York City.
Roy Rochlin/Getty Images
Cushman & Wakefield is appealing a NY court’s order to turn over years of valuations by 5 appraisers who worked on Trump properties.
The real estate services giant says doing so would violate the privacy of some 1,000 clients.
NY AG Letitia James alleges the 5 appraisers made repeated misstatements on Trump’s behalf.
Global real estate services giant Cushman & Wakefield is appealing a court order from last month that requires them to turn over years worth of property valuations by five appraisers who worked on Trump Organization properties.
The appeal, filed in a New York appellate court in Manhattan, pushes back against recent subpoenas from state Attorney General Letitia James, who is winding up a three-year investigation into the former president’s business.
The Cushman records James wants — and which Cushman is fighting against turning over — center on five Cushman employees who did the appraisals for the Trump National Golf Club near Los Angeles, 40 Wall Street in Manhattan, and Seven Springs, a 212-acre estate in New York’s Westchester County.
The five targeted appraisers, “have made repeated misstatements in the documents we’ve seen so far,” concerning those three properties, a lawyer for the AG’s office, Austin Thompson, argued in a Manhattan court hearing last month.
“We’re worried about misstatements contained in [the five employees’] appraisals, and whether they have been repeated more often than we’ve already identified,” Thompson said in court last month, in defending their subpoena.
In the case of the golf club and the Westchester estate, the Cushman appraisers “crafted a development timeline” for the properties and then “falsely attributed it to somebody else” as part of a tax-break scheme, Thompson said.
As for 40 Wall Street, the AG has alleged that Cushman appraisals …read more
Source:: Business Insider