Albert B. Ashforth sells to director and brokers.The firm that is credited with forming the first apartment cooperative in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of back in 1904, Albert B. Ashforth, Inc., is embarking on yet another first with the sale of its Manhattan residential brokerage division to its director of sales, Frederick Warburg Peters, and seven other top-performing brokers. The newly-formed "broker co-op" will be called Ashforth Warburg Associates. Peters has a majority interest in the film and assumes the title of president. "The new combined name," he said, "reflects our decision to continue as a leading edge residential brokerage, while incorporating the radical broker-ownership concept in Manhattan. While we have a continued commitment to the qualities that have earned Ashforth its reputation during the past 95 years, we need to be responsive to today's quickly changing market." Peters, who has been with the almost century-old firm for six years, will maintain 51 percent ownership. Seven other brokers will share the remaining 49 percent: Jane Bayard, Jane Andrews, Bonnie bon·ny also bon·nie adj. bon·ni·er, bon·ni·est Scots 1. Physically attractive or appealing; pretty. 2. Excellent. Chajet, Wendy Greenbaum, Ronnie Lane Ronald Frederick "Ronnie" Lane (1 April 1946 - 4 June 1997) was an English singer, songwriter and bass player (nicknamed "Plonk") best known for his membership in two prominent English rock bands, Small Faces (1965-69) and Faces (1970-75). , Linda Reiner and Misako (Mimi) Yoshii. Bayard, who was named executive vice president, will assist Peters with the management of the firm, which has a total of 60 brokers. A member of the renowned Warburg family Warburg family orig. Del Banco family Family of eminent bankers, philanthropists, and scholars. A Jewish family apparently of Italian origin, they settled in the German town of Warburgum in 1559, and branches subsequently settled in Scandinavia, the U.S. , Peters considers himself a "lone wolf Lone Wolf, d. 1879, Kiowa Chief. He led some Kiowas on raids in 1874 after his son had been killed by whites, but he was defeated and with a number of followers was deported to Florida, where he remained in military confinement for three years; he died one year after " in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , taking on the majority ownership of a residential brokerage firm at a time when the co-op and condominium markets have been hard hit by economic conditions in the region. "What it means is that collectively, we have a great deal of faith in Manhattan as a place to live, enough to make considerable personal investment in this business," he said. |
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