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.”
“Ignazio was rejected from getting into the lounge, and he thought my client worked there, so he punched him,” Spahijoska’s lawyer, Marc Held, said. “The victim has not returned to work since the incident.”
Marc Held, attorney for more than 45 unit owners, questions whether the unit owners can be fairly assessed common charges if the sponsor is insolvent.
“The sponsor has to be financially viable to issue common charges,” Held said. “If [Levy] not financially viable he cannot issue common charges.”
[Marc] Held argues, in the motion, that any decisions about construction, building sales or other issues made by the receiver, Mark Miller, or the new managing agent, Related Cos., have a direct impact on the unit owners.
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 […]
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 […]
The building’s unit owners would like to see construction completed and the remaining apartments sold at fair market value, and not at fire sale prices, said Marc Held, attorney for the buyers.
Marc Held, attorney for the 46 unit owners in the building, Miller has been granted more authority than almost any residential receiver in recent memory: “As far as I know, these expanded rights have never been done in the state of New York. This is a good day for the residents of 225 Rector Place.”
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. […]
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].”