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DownTown Express: Condo Disaster

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

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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].”

Marc Held, Partner, Held & Hines, LLP Featured in NY Post

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NY Post: Marc Held, Partner, Held & Hines, LLP Quoted in NY Post ‘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 […]

The Real Deal: Lawsuit: 225 Rector Condominium

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

NY Post: Lawsuit Battery Park City

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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 […]

NY TIMES: Real Estate Section Mention

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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,” […]

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