"I've never seen anything like it."
Jeff Gural, the 80-year-old patriarch of New York City's Gural real estate clan, a.k.a. GFP Real Estate, has seen just about everything in the commercial real estate trade in Manhattan since the company opened for business in 1952.
But Jacob Garlick's Houdini act after outbidding everyone else for the landmark Flatiron Building on the steps of the Court House on March 22—Garlick disappeared without putting down the 10% deposit on his $190M bid, let's just say he left a big stink behind—was a wrinkle nobody saw coming.
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