Katan Sues To Block $180 Million Domino Deal

The Katan Group has filed a lawsuit seeking to block the $180 million sale of the Domino Sugar Factory in Williamsburg to the real estate investment and development firm Two Trees.

Katan, an owner of the 11-acre site in a joint venture with CPC Resources, accuses its partner of neglecting superior bids for the $2 billion development project, including offers from the well known New York real estate investor Joe Chetrit, and of not conducting a proper sales process for the site.
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Katan Sues To Block $180 Million Domino Deal