“The Second Circuit got it right, there was no basis for an injunction and hopefully, the developers will do the right thing and return all the money to those who were under contract,” Held said.
“Whoever buys these units will share the building with my clients,” said Marc Held of law firm [Held & Hines], which is representing the Rector Square tenants. “There is still work to be done at the building. The unit owners want the party that wins the auction to consider their interest, finish work that wasn’t completed by Mr. Levy and adhere to the original terms of the offering plan.”
The unit owners of 225 Rector Place are glad to see their nightmare will soon be coming to an end,” said attorney Marc Held, who represented about 46 unit owners at Rector Square.
Cigar smoker: I got ‘nailed’ By EDMUND DEMARCHE Last Updated: 7:28 AM, September 4, 2010 What’s he smoking? A Brooklyn man claims he cut his mouth on a nail lodged inside a cigar. Stogie smoker Anthony Raimondi says that two years ago, he bit into a Holt’s Company specialty cigar called the “Smokin Sandwich Slugger” and it “punctured and lacerated the inside of his mouth and tongue,” according to a notice of claim filed in Brooklyn Supreme Court. Holt’s declined […]
Broker sues Extell for commissions owed Broker says developer failed to pay commissions totaling $132,900—the remaining 50% of fees he says are owed to him for selling 28 apartments at the Rushmore. By Amanda Fung Published: August 24, 2010 The developers of the Rushmore—Extell Development Corp. and The Carlyle Group—are being sued by a broker for unpaid commissions on sales of 28 apartments at the new Upper West Side development. The suit was filed in the state’s Supreme Court by […]
Residents are “still very, very upset,” says Marc Held, a lawyer…. who represented buyers in the foreclosure proceeding. “They’re happy that the building will get out of foreclosure, but they’re furious that they can’t resell their units, that there’s no reserve fund, that their money was stolen. But at least they see there’s light at the end of the tunnel.”
“Marc Held, attorney for 46 unit owners at the building, said his clients are in support of a bulk sale because they cannot sell or refinance their apartments until the building is at least 50 percent sold. They told the judge that the new owners must operate the property under the terms of the original offering plan. “
The attorney general also is trying to bar Mr. Levy from ever selling condos in New York State again. “This is huge,” said Marc Held, a lawyer involved in a $100 million lawsuit representing condo buyers affected by the conditions in the building and the money taken out of the reserve fund. “It’s a pretty severe penalty, absent being put behind bars.”
Condo owners at Rector Square filed a formal complaint with the attorney general’s office in February 2009, complaining of “appalling living conditions” and “suspicions that monies for the benefit of the unit owners remained unaccounted for,” Marc Held, attorney for a group of owners at the building, said in a statement.
Condo Developers Take On N.Y. Attorney General Over Stroock’s Alleged $16 Million Typo Zach Lowe The American Lawyer May 12, 2010 Stroock & Stroock & Lavan is in a curious position in a dispute between buyers and developers of a 41-story condo project along the Hudson River in Manhattan. Condo buyers who have about $16 million in a Stroock-controlled escrow account want that money returned and claim a one-digit typo in the condo offering documents authored by an attorney at […]