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Alter Mantel Guides Torkian’s $72M NYC Residential Buy

Law360, New York (April 3, 2015, 12:22 PM EDT) -- With counsel from Alter Mantel LLP, the Torkian Group has picked up a luxury Manhattan residential tower, which came out of receivership last year, for $72 million from Douglaston Development LLC, according to recently filed city records.

Working through affiliate 311 West 50 Realty LLC, Torkian scooped up the midtown rental building at that address with the help of financing from BankUnited NA. The deal closed in late March, but was publicly disclosed on April 2 by the New York City Department of Finance. Arthur S....
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