PLAZA WATCH! Debt Collector Nabs $4 M. Condo

The chairman of a debt collection agency with a 20-year history of landing unbid contracts with the government has closed on a condo in The Plaza, city records show. Jerold B. Katz, the patriarch of the Houston family that owns GC Services limited, paid over $4 million for Unit 1711.

GC Services has repeatedly been in the spotlight for its campaign contributions to office holders who award state contracts. Between 1980 and 2006, also Mr. Katz made nearly 50 campaign contributions to various local and federal politicians, including Bill Clinton and Richard Gephardt.