Adler hit with $1M judgment for failing to pay broker finder’s fee

Adler Group is on the hook for $1.2 million after a judge ruled it skipped out on paying a New York brokerage that landed it an equity partner for a downtown Miami apartment development. Adler avoided paying Incitatus Real Estate $913,802, representing 1.5 percent of the equity capital the developer obtained from Boston-based CrossHarbor Capital Partners in 2021, Miami-Dade Circuit Court Judge Lisa Walsh ruled on March 18. The final judgment includes accrued interest, attorneys’ fees and costs.  Adler is led by Michael and David Adler. Incitatus is led by Alan Ballinger.  “We are evaluating our options and are likely […]This article originally appeared on The Real Deal. Click here to read the full story.