Pace Gallery To Pay $6.3 Million To The Real Estate Brokerage CBRE: Lawsuit

A nearly five-year dispute between art world juggernaut Pace Gallery and one of New York City’s largest real estate firms, CBRE, was put to bed on Thursday after a Southern District of New York jury brokerage awarded the CBRE $6.3 million in damages.The lawsuit began in April 2017 when CBRE alleged that Pace had failed to pay them over $3 million in commissions for advising the gallery during negotiations to redevelop the gallery’s flagship space at 540 West 25th Street with the