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In a market experiencing unprecedented change, parties involved in high-stakes real estate deals need a steady, trusted hand to guide them. The Paul, Weiss Real Estate Practice leverages a history of executing every kind of real estate property transaction and unparalleled business and legal acumen to help the most complex projects succeed amid volatile economic conditions.

Melohn Acquires Leased Fee Interest in Lower Manhattan Office Tower

Paul, Weiss client Melohn Properties acquired a leased fee interest in 32 Old Slip, a 1.2 million square foot Class A office tower in lower Manhattan, in a transaction valued at $675 million. Melohn acquired the property in conjunction with RXR Properties, with Melohn entering into a long-term ground lease with RXR at the closing.

The Paul, Weiss team included real estate partners Steven Simkin and Peter Fisch and counsel Barry Langman. Assistance was provided by environmental counsel William O'Brien.

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