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In a market weathering unprecedented change, companies involved in high-stakes real estate deals need a steady, trusted hand to guide them. They also need counsel who can help them find new solutions for tough new challenges. The Paul, Weiss Real Estate Department offers clients the best of both worlds. Our long history of executing every kind of deal touching real property and our business and legal savvy help the most complex real estate projects succeed in fluctuating 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.

April 13, 2015

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