Realty Firm Says It Did Not Receive Share Of Earnest Money On Walnut Street Transaction

Wednesday, April 03, 2013

A realty firm has filed suit in Chancery Court saying it did not receive a share of earnest money on a transaction on Walnut Street.

Greater Downtown Realty (KW Commercial) and managing broker Robert Moss filed suit against Walnut Street Enterprises and Claudette C. Braly of Georgetown, Tex., general partner of Walnut Street Enterprises.

The suit lists attorney Ronnie Berke as another general partner of WSE.

It says on Feb. 22, 2011, realtor Jelena Butler obtained an exclusive seller listing for a former dentists office by the Walnut Street Bridge owned by WSE. Ms. Butler at the time was with Grubb & Ellis and she later joiined KW Commercial.

The suit says Ms. Butler entered into a purchase and sale agreement with Vision Hospitality for the sale of the property. The firm was considering building a boutique hotel there, but later decided against proceeding.

The suit says $50,000 in earnest money was paid, but KW did not get its share of the money.

The complaint asks for $37,500 in damages.

Attorney James Hurst Jr. filed the suit.


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