Defendant Sixty-Six Crosby Associates (Sixty-Six), a partnership, had a 99-year lease for two floors of a building owned by defendant Soho Plaza Corporation (Soho). Nathan Chao was the managing partner of Sixty-Six, and his wife Rose Chao (Chao) was its managing agent. In 1983, plaintiff Health-Loom Corporation (Health-Loom) entered into a 10-year sublease with Sixty-Six. Health-Loom agreed to pay a higher rent in return for a purchase option, pursuant to which Health-Loom...
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