$16.5M Lawsuit!

A jury awarded $16.5M to Doug Britton and SSC Opportunity Partners in a lawsuit against Charter Title, Marvin Zindler Jr, Bandier Realty, Trey Halberdier, Rob Banzhaf, Rocky Del Papa III, and Kenneth Vaught Jr. Doug hired Bandier in 2010 to broker the $5M purchase of a 101-acre tract at Spring Stuebner and I-45, but alleges the defendants fended off potential investors, cut him out, and wrongfully purchased it themselves. Bandier is now marketing the site for $28M. Bandier's lawyer tells us it will appeal a guilty determination by the judge. The defendants say Bandier and SSC were always acting as partners to acquire and develop the property but that SSC did not have the means to close the deal. (You never get this kind of case on Matlock.)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Houston Newsletters
Related Stories

Credit Union Breaks Ground On New HQ Building: The Houston Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

EXCLUSIVE: Downtown Houston+ Targets Grocery Gap, Pedestrian Experience With New Programs

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Houston's Office Woes Are Getting Too Expensive To Fix

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Welcome Group Starts Pearland Industrial: The Houston Deal Sheet

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC

Brandywine Plans To Sell $200M Worth Of Properties In 2027

Pennsylvania Reveals Draft Map Of Areas To Benefit From Opportunity Zones 2.0