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Brooklyn real-estate mogul Rubin Schron is fighting his former lawyer for control of a national nursing-home company in a battle that pits one of the city's largest and most secretive landlords against an attorney who was a trusted adviser and business partner for years.

Rift Shines Light on a Big Player Anton Troianovski 2010

Cammeby's International Group Rubin Schron Mr. Grunstein's wife Chana Grunstein said of Mr. Schron: "My husband made him not a millionaire, a billionaire … and he's not happy."

Rift Shines Light on a Big Player Anton Troianovski 2010

By 2007, Mr. Schron had $1.5 billion in equity in real-estate and health-care assets, according to a prospectus that year for a securitized loan on a property in which Mr. Schron is a partner — 6 million square feet of industrial space on the Brooklyn waterfront known as Bush Terminal.

Rift Shines Light on a Big Player Anton Troianovski 2010

"As it stands today, Mr. Schron is getting paid $70 million in annual rent after debt service and his overall benefit from the deal, including appreciation, is approximately $400 million," the spokesman for Messrs. Grunstein and Forman said.

Rift Shines Light on a Big Player Anton Troianovski 2010

Anton Troianovski for The Wall Street Journal The former Bell Laboratories complex in Holmdel Township, N.J. A company in which Mr. Schron is a partner is the contract buyer of the property.

Rift Shines Light on a Big Player Anton Troianovski 2010

The Schron group is hopeful it will be able to restructure the debt and hold onto the property, according to people familiar with the property.

Setback for Historic Warehouse Maura Webber Sadovi 2011

Mr. Grunstein in court papers has denied making the toilet-paper comparison and argued that the purchase option isn't valid because it was meant to be collateral for a loan that Mr. Schron never made.

Rift Shines Light on a Big Player Anton Troianovski 2010

But the rift between Messrs. Schron and Grunstein runs deeper.

Rift Shines Light on a Big Player Anton Troianovski 2010

At Jergens Inc., a tooling company in Cleveland, President Jack Schron said he has no plans to scale back operations.

At Indiana Machine Shop, Tough Calls Amid Turmoil Kris Maher 2011

"We don't think that the underlying reasons people are buying equipment and doing productivity enhancements are going to change in the short term," said Mr. Schron, whose company sells fasteners and tools used to machine parts used by aerospace and medical companies.

At Indiana Machine Shop, Tough Calls Amid Turmoil Kris Maher 2011