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20 Pine isn't the only condo disaster unfolding downtown. Things are even worse at Rector Place, the 304-unit building that is not only heading into foreclosure now that developer Yair Levy has defaulted on his mortgage, but is also facing an shut-off of heat and electricity. The Real Deal has the latest dose of bad news: Fifty buyers in the Battery Park City building now allege Levy has been using it to house hotel guests and college kids visiting from abroad. [The Real Deal]