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The Real Deal: Marc Held Quoted About Foreclosure Suit

“While it is not a surprise that the court has granted Anglo Irish Bank’s motion to foreclose the sponsor’s interest in the property, the unit owners of 225 Rector hope that the bank and any future owners of the sponsor’s units will consider and respect [the unit owners] interests and legal rights as we move forward,” said Marc Held, attorney for the unit owners.


Crain’s: Marc Held, Partner, Held & Hines, LLP Quoted Re: Yair Levy

Court approves foreclosure of Yair Levy building Creditors of developer’s Park Columbus condominium conversion project will be permitted to proceed against him. By Amanda Fung January 14, 2010 2:47 PM Beleaguered developer Yair Levy suffered another setback Wednesday when a court issued a ruling allowing the lender on Mr. Levy’s Park Columbus property on West 87th Street to move forward with its foreclosure proceedings on the 95-unit condo conversion, according to filings. The U.S. Bankruptcy Court of the Southern District […]




New York Times: Marc Held, Partner, Held & Hines, LLP Quoted In Article with Client and Award Winning Author Augusten Burroughs

Augusten Burroughs, the gothic serial memoirist, has found a home in a bankrupt building in Battery Park City. Naturally, he loves it.   By PENELOPE GREEN Published: October 21, 2009 “THIS is the first apartment I’ve ever owned,” Augusten Burroughs said. “Wouldn’t you know it would be in a building where the developer went bankrupt and fled the country?” Related Times Topics: Augusten Burroughs Enlarge This Image Piotr Redlinski for The New York Times Mr. Burroughs designed his apartment around […]




The Real Deal: Held & Hines’ Case Covered by the Media

Anglo Irish poised to put Rector Square on auction block September 01, 2009 11:30AM By David Jones Yair Levy, 225 Rector Square Anglo Irish Bank filed a motion in New York State Supreme Court earlier this month to complete foreclosure proceedings against Rector Square developer Yair Levy and place the troubled Battery Park condominium conversion on the auction block for sale to a new investor.   Anglo Irish originally filed suit in February alleging that Levy defaulted on a $165 […]


The Real Deal: Marc Held, Partner, Held & Hines, LLP Quoted Re: Douglas Elliman Bad Broker

REBNY to hear appeal of Beame commission case tomorrow August 24, 2009 06:30PM By David Jones   Left to right: Manhattan Residential’s Shai Shustik, Elliman’s Stanley Ginsberg, 140 Thompson Street, former New York City Mayor Abraham Beame The Real Estate Board of New York is scheduled to hear an appeal tomorrow in a long-running commission dispute between Manhattan Residential and Prudential Douglas Elliman. In April, a three-member arbitration panel dismissed a REBNY complaint by Manhattan residential broker Shai Shustik, who […]


The Real Deal: Marc Held, Partner, Held & Hines, LLP Quoted Re: Michael Shvo (7/1/09)

In December, before Rector Square’s financial difficulties were made public, Shvo “mysteriously disappeared” from the Battery Park City condo conversion, closing his sales office at the building with a sign that said it would reopen after the holidays, according to Marc Held, a partner….. who represents a number of condo owners at Rector Square.

“He put up signs saying he’d be back after Christmas,” Held said. “He was never seen again, nor was anyone from his company ever seen again. He just disappeared.”


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