Jay Olshonsky, most recently the COO of Westchester-based NAI Friedland Realty and a veteran of CB Richard Ellis among other Washington D.C. and New York-based firms, was named executive vice president and COO of NAI Global New York City. NAI Global New York City and NAI Friedland are both local arms of NAI Global, which has 350 offices in 55 countries. The Manhattan office, located at 415 Madison Avenue, recently doubled its office space to 15,000 square feet, and said it is expanding aggressively and is in the process of hiring more agents. “[Olshonksy's] knowledge and experience will be valuable in growing our New York City team,” said NAI Global President and CEO Jeffrey Finn. Comments

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The Singapore government paid $29.5 million for a 40,000-square-foot
garage building near the United Nations that will be converted to
office space, a broker on the deal said. The Government of the Republic of Singapore closed on the purchase of
318 East 48th Street, between First and Second avenues, Oct.1,
according to Gil Robinov, executive managing director at brokerage NAI
Global New York City, who represented the southeast Asian nation. The seller was Chapman Consulting Group, an owner and operator of
garages, and was represented by David Noonan at Newmark Knight Frank, a
statement from NAI Global said. Note: Correction appended.
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