“The attorney general’s office determination today proves that my client should have been granted from the onset a right of rescission and return of her money,” said attorney Marc Held, whose client, JPMorgan Chase executive Kelly Coffey filed suit in October 2009 to get a refund of her $1.1 million Rushmore deposit. “The decision also proves that the actions by the defendants are fraudulent and without merit.”
“The sponsors are raiding the reserve funds, wrongfully and unlawfully,” said Marc Held, the attorney for a group of owners at Rector Square. “It appears to be an epidemic in buildings in New York.”
The Real Deal: Marc Held, Partner, Held & Hines, LLP Quoted about HUD Investigation HUD probes Extell over Rushmore complaints From left: Attorney General Andrew Cuomo, Secretary of Housing and Urban Development Shaun Donovan and the Rushmore The U.S. Department of Housing and Urban Development has launched an investigation into the Rushmore condominium, amid allegations that the lawyers for the developer, Extell Development, held previously undisclosed meetings with state Attorney General Andrew Cuomo’s office to prevent existing buyers from backing […]
“They negligently failed to disclose the true financial condition of the condo,” Mr. Held said. “My clients were harmed as a result.”
“While it is not a surprise that the court has granted Anglo Irish Bank’s motion to foreclose the sponsor’s interest in the property, the unit owners of 225 Rector hope that the bank and any future owners of the sponsor’s units will consider and respect [the unit owners] interests and legal rights as we move forward,” said Marc Held, attorney for the unit owners.
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.
