Jury Awards $300,000 After Contractor Delays Project With Lien
A developer prevailed on a counterclaim against another developer and a related contractor hired to oversee construction of a doomed residential development.
February 25, 2019 at 12:58 PM
1 minute read
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REAL ESTATE
MIAMI-DADE CIRCUIT COURT
A real estate developer prevailed on a counterclaim against another developer and a related contractor hired to oversee construction of a residential development.
T&G Investment Partners and T&G Corp. sued Ramon Guevara and Prime Estates Investments & Holdings LLC, alleging Guevara and his company breached the parties' contract and a personal guaranty and Guevara's actions constituted fraud in the inducement.
Guevara countered that T&G asserted a lien that delayed and doomed the development project, in part because it prevented him from paying back the construction loans in a timely matter, leading to additional interest. The jury did not award anything to T&G on its claims but awarded Guevara $300,000 on his counterclaim.
Case: T&G Investment Partners v. Prime Estates Investments & Holdings
Case No.: 2012-002800-CA-01
Plaintiffs attorneys: Scott Kravetz and Alvin D. Lodish, Duane Morris, Miami
Defense attorneys: Benjamin L. Keime and Glen H. Waldman, Waldman Barnett, Miami
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