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Irish Times: Held & Hines, LLP Real Estate Condominium Case Against Condo King Covered by Media

Anglo seeking to repossess $90m property from New York ‘condo king BARRY O’HALLORAN STATE-OWNED Anglo Irish Bank is seeking to repossess a $90 million (€71.6 million) New York apartment building from a developer dubbed the city’s “condo king”. The bank’s US subsidiary is going to the New York courts to take possession of 225 Rector Place from a company, YL Rector Street LLC, controlled by developer Yair Levy. YL borrowed $165 million from Anglo Irish to finance its plans for […]


The Real Deal- Held & Hines’ Lawsuit vs. Platinum Condominium Covered by the Media

SJP’s Platinum faces $1 million-plus lawsuit 04/07/2009  The Platinum (right) and its developer, Steven Pozycki, founder, chairman and CEO of SJP Properties SJP Properties is facing a breach of contract suit by a New Jersey family for allegedly misrepresenting the square footage of a $1 million apartment and overcharging real estate transfer taxes, both at the Platinum condominium near Times Square. Arkady and Marina Kiner, of South Amboy, N.J., and their son, Emil Kiner, who resides at 2 Gold Street […]




DownTown Express: Marc Held, Partner, Held & Hines LLP, Quoted Re: Condo Disaster

Volume 21, Number 42 | The Newspaper of Lower Manhattan | Feb. 29 – March 6, 2008 Damage in 225 Rector Place’s lobby. Lawyer with tenant sympathies takes over at 225 Rector Pl. By Julie Shapiro The beleaguered residents of 225 Rector Pl. have some reassuring news at last: On Tuesday night, the judge handling the case of their building’s foreclosure appointed a receiver to take control. The receiver, estates attorney Michael Miller, does not have an easy road ahead. […]


The Real Deal: Marc Held, Partner, Held & Hines, LLP Quoted

Attorney Marc Held, who represents unit owners at Rector Square, said that existing unit owners may be eligible for restitution and abatement of some monthly charges.”Those people have many rights,” Held said. “Those rights may include getting their contracts back and the refund on their [deposits].”


NY Post: Marc Held, Partner, Held & Hines, LLP Quoted in NY Post

By MAX GROSS\ February 26, 2009 ‘For the month of January,” says Erika Wadler, “I cried every single day.” What could have waylaid Wadler’s heart? Some horrible lothario running roughshod over her feelings? The death of someone near and dear? A peek at her 401(k)? No, it was the walk-through of her condo. Wadler’s a buyer at the Clement Clarke, a new building in Chelsea that got its temporary Certificate of Occupancy late last year. As she walked through the […]


The Real Deal: Marc Held, Partner, Held & Hines, LLP Quoted in Lawsuit: 225 Rector Condominium

02/20/09 Rector Square buyers allege condo used for dorms, hotel stays By David Jones  Units at Rector Square allegedly available per night and for students Nearly a year after gaining regulatory approval, Rector Square developer Yair Levy failed to disclose the building’s financial records to buyers at the troubled condominium, offered vacant apartments for extended-stay hotel guests and sold at least 10 apartments for use as college dorm rooms, according to attorneys and complaints filed with state Attorney General Andrew […]


NY Post: Marc Held, Partner, Held & Hines, Quoted Re: Lawsuit Battery Park City

CONDO CRISIS HITS WALL ST. HIGH ROLLERS   By MAX GROSS February 17, 2009 Dozens of financial-industry professionals may lose their new Battery Park City condos because the building’s developer allegedly defaulted on debt payments, which forced the property into foreclosure and threatens an immediate shut-off of heat and electricity. It’s a bitter irony for the residents of 225 Rector St. – many of whom made fortunes on Wall Street – that the nationwide bank-fueled foreclosure crisis has come full […]


NY TIMES: Marc Held, Partner, Held & Hines LLP, Quoted in the Real Estate Section

A Condo Toughens Its Stance and Tightens Its Belt By TERI KARUSH ROGERS Published: February 6, 2009 GALVANIZED by a rash of arrears, the St. Tropez — a 34-year-old 301-unit condominium on East 64th Street and First Avenue — scrambled into battle station mode last year. “We’ve had maybe one or two arrearages on a regular basis since 2006 when I got on the board,” said Marc Held, a member until December. “And then last year it went to 10 […]


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