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Robert Levine.

By the time you read this, the deal for the New York State-owned 270 Broadway, sold to Robert Levine of the RAL Companies for $38.36 million, will be confirmed by the state, with a closing scheduled for March 1, 2000.

According to offering broker Richard Baxter of Insignia/ESG, there were nine bids ranging from $25 million to $38.36 million. The unusual public bid opening in Albany was attended by five of the bidders or their representatives, including Levine, reps from Rockrose, the Moinian Group, Alex Forkash with attorney Andrew Albstein, and Jack Lefkowitz.

Levine hasn't returned calls, but we understand he'll be creating a mixed-use building, i.e. partially residential.
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Author:Weiss, Lois
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Nov 3, 1999
Words:113
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