Real Estate

Wendy Maitland accuses Sitt of “starving” Town of financial resources

therealdeal.comWendy Maitland, who The Real Deal reported earlier today is leaving Town Residential, is suing the brokerage, accusing co-owner Joseph Sitt of starving the company of funds.

In a lawsuit filed Wednesday in New York State Supreme Court, Maitland claims Sitt’s withholding of funds cost the company agents and a new development exclusive. She also claims it watered down the price the company would fetch if it were sold.

A spokesperson for Thor Equities, Sitt’s investment firm, declined to comment. Maitland couldn’t be reached for comment.

Categories: Real Estate

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