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GENERAL ELECTRIC REAL ESTATE EQUITIES, INC. v. BELL REALTY MANAGEMENT, INC.

291 A.D.2d 313 (2002)

738 N.Y.S.2d 318

GENERAL ELECTRIC REAL ESTATE EQUITIES, INC., Respondent, et al., Plaintiff, v. BELL REALTY MANAGEMENT, INC., Appellant, et al., Defendant. BELL REALTY MANAGEMENT, INC., Appellant, v. GENERAL ELECTRIC CAPITAL CORPORATION et al., Respondents.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided February 21, 2002.

Summary judgment dismissing Bell's fraudulent concealment claims was properly granted upon a record showing that the potential for environmental problems was not peculiarly within the GEREE's knowledge. Bell, an experienced real estate development and management company, was alerted to the possibility of environmental problems by its own inspection and had the opportunity to conduct due diligence before entering into the partnership agreement. Nevertheless, Bell, represented...

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