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VRG CORP. v. GKN REALTY CORP.

135 N.J. 539 (1994)

641 A.2d 519

VRG CORPORATION, PLAINTIFF-RESPONDENT, v. GKN REALTY CORP. AND HEATHER CROFT ASSOCIATES, L.P., DEFENDANTS-APPELLANTS, AND GOLDEN REEF CORPORATION, PERLMAN ENTERPRISES, INC., AND TILTON SQUARE DEVELOPMENT ASSOCIATES, DEFENDANTS.

The Supreme Court of New Jersey.

Decided May 18, 1994.

Attorney(s) appearing for the Case

Anne C. Singer argued the cause for appellants (Blank, Rome, Comisky & McCauley, attorneys; Ms. Singer and Peter J. Boyer, of counsel).

Francis P. Maneri argued the cause for respondent (Jubanyik, Varbalow, Tedesco, Shaw & Shaffer, attorneys).

Steven S. Radin argued the cause for amicus curiae International Council of Shopping Centers (Sills, Cummis, Zuckerman, Radin, Tischman, Epstein & Gross, attorneys; Mr. Radin and Jeffrey H. Newman, of counsel; Anthony J. Monaco, on the brief).

Arthur M. Greenbaum argued the cause for amicus curiae New Jersey Association of Realtors (Greenbaum, Rowe, Smith, Ravin & Davis, attorneys; Mr. Greenbaum and Bruce D. Greenberg, on the brief).

The opinion of the Court was delivered by HANDLER, J.

This case arises out of the attempts of a commercial-leasing broker to recover commissions for procuring tenants in a shopping center. The legal issue presented is whether the broker, which earned commissions for obtaining long-term tenants for the shopping-center owner, can impose an equitable lien on the rental income derived from those tenants after the sale of the shopping

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