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 […]
“He is a developer who tried to ride the real estate wave and was unsuccessful,” says Marc Held… , who is representing the Rector Square tenants. “Unfortunately, with his mistake, a lot of condo owners got hurt.”
“Instead of a building of their dreams they bought into a building of nightmares,” said Marc Held, attorney for the unit owners.
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?” […]
It’s the first Manhattan building to go through foreclosure with units already sold, said Marc Held, a lawyer for Flakowitz and 46 others at 225 Rector Place.
“Instead of offering the plaintiff the right to rescind the agreement, as required by the offering plan, the defendant sponsor’s 16th amendment to the offering plan states that purchasers have no right of rescission related to the first closing,” attorneys Philip Hines and Marc Held wrote in the complaint.
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. 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 […]
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.”
