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Broadstreet: Related’s Purchase of 225 Rector

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Marc Held, a lawyer representing owners of the 46 units that Mr. Levy sold as condos before his conversion went down in flames, told the Broadsheet, “the unit owners will happily work together with Related to bring the building up to par as a first-class, luxury condo. Related is a fine organization that delivers a first-class product. That unit owners are hopeful that this is what they are going to do at 225 Rector. But only time will tell whether this will occur.”

Crain’s Business: Held & Hines, LLP’s Case Cited in Media

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January 13, 2011 1:15 PM Related Cos. to pay $82.8M for Rector Sq. project Gets the troubled residential tower’s 232 unsold units, plus garage and office space, from Anglo Irish Bank at bargain price; ongoing fallout from failed condo conversion. BatteryParkCityApartments Buck Ennis [+] Enlarge Battery Park City mixes apartment buildings, office towers and green space. Also See * Most residential landlords drop concessions * Surprising rebound in Manhattan apt. market Filed Under : Battery Park City, Construction & Property, […]

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