Trump’s real estate appraiser turns over documents in New York civil investigation

A commercial real estate firm said Monday it had turned over some 36,000 documents about its valuation of Trump Organization properties to the New York attorney general’s office.

Driving the news: Cushman & Wakefield was held in contempt last month and ordered to pay $10,000 a day after failing to deliver documents subpoenaed by Attorney General Letitia James as part of an investigation into the cases of the former President Trump.

  • The attorney general’s office said it discovered “serious problems” with some of Cushman & Wakefield’s valuations for the Trump Organization, including for 40 Wall Street, its Seven Springs property in New York and its golf club in Los Angeles. Angeles, according to NBC News, which first reported the story.

What they say : “Cushman has fully responded to the OAG subpoena that was recently at issue, and Cushman is pleased that the OAG has fulfilled our agreement by asking the Court to dismiss its previous contempt order,” said a company spokesperson in an email to Axios on Monday.

  • “Based on the work of our assessors, Cushman has made great efforts to identify, collect, review and produce the massive set of documents requested by the OAG,” the statement said. “We will continue to work in good faith with the OAG.”
  • In a letter to the judge last Friday, AG James wrote that he had received the documents. The attorney general asked the court to “dissolve the contempt order and hold any contempt served, without any fines due or payable.”

The big picture: New York Attorney General Letitia James has been investigating Trump’s business practices for more than three years.

  • Trump was held in contempt of court in April and was fined $10,000 each day he refused to turn over documents, as required by another subpoena issued by James’ office. This order was lifted at the end of June.
  • Representatives of the attorney general’s office and the Trump Organization did not immediately respond to Axios’ requests for comment.

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