“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.”
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.
Irish Times: Held & Hines, LLP Real Estate Condominium Case Against Condo King Covered by Media 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 […]
The Real Deal- Held & Hines’ Lawsuit vs. Platinum Condominium Covered by the Media 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 […]
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.
