Cole v. Macklowe

OPINION OF THE COURT

Acosta, J.

At issue in this appeal is the interpretation of the plain language of a limited partnership agreement whereby plaintiff was obligated to sell his partnership interest upon the termination of his employment with defendant Manhattan Pacific if defendants made a proper offer to purchase it. We find that defendants failed to make a proper offer to purchase plaintiffs partnership interest upon his termination and therefore that plaintiffs obligation to sell was never triggered. Accordingly, when defendants sold the property owned by the partnership in 2008, plaintiff…