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NEW YORK CITY-Following a foreclosure process and a settlement agreement, Newmark Grubb Knight Frank Capital Group has been retained by Miami Beach-based special servicer LNR Partners to market a distressed note on an overleveraged building in the Flatiron District, GlobeSt.com has learned. The brokerage is teaming up with Auction.com to sell the note secured by 246 Fifth Ave., a six-story, 32,049-square-foot property located on the southwest corner of 28th Street.

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