Infighting at Town Residential

It's going to be an epic ugly battle. The reps and the clients are the only ones that will suffer.
Messrs. Heiberger and Sitt will still be filthy rich just not friends (or partners) anymore. =

I am interested to know what the term "bad acts" refers to. Were these purported acts illegal? Could there be legal actions taken if money's from the firm was used? Drugs? Ladies of the evening? Mr. Heiberger certainly is not shy with the women and there are plenty of rumors of drug use so one can only imagine what that term is insinuating.

One very interesting tidbit is where one of the commenters mentions an email from their newly crowned COO Mr Appel. He apparently emailed the entire firm telling everyone that everything is fine and there is nothing to worry about. Then a mere few hours later Mr. Heiberger emails everyone to announce his departure and subsequent lawsuit. Is Mr Appel a lame duck? Who is the leader? Where is Wendy Maitland in all of this? She is awfully quiet for someone with such a large role in the firm.

If I worked there I would be polishing up my resume and calling all of my contacts this weekend. The lack of leadership and respect shown to the employees and agents is appalling.

http://therealdeal.com/blog/2014/02/24/amid-leadership-dispute-at-town-a-top-broker-heads-to-elliman/

I think this is the second top producing agent to leave Town since this all began.

Is Susan Singer still with Town?

P.S. She was very kind to me when I was searching for an apartment in NYC. Lovely, down to earth person. At the time, she was with another agency, I believe Eliman.

http://therealdeal.com/blog/2014/02/26/heiberger-files-restraining-order-against-sitt/

Interesting read, provides a more detailed account of the situation.

this was blown out .. Town is back on track and doing fabulous. Thats why it was rated as one of the best places to work!!!!